{
  "ticker": {
    "uuid": "a5ecc0e2-7a62-4629-8a9e-70c03b91ebfa",
    "symbol": "ERIS",
    "name": "Eris Lifesciences Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 22.901,
    "architecture_energy": 14.89,
    "architecture_maturity": 31.036,
    "architecture_confidence": 73.395,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 58.59,
        "rotation_up": 23.34,
        "upward_expansion": 52.82,
        "deceleration": 86.68,
        "rotation_down": 33.67,
        "downward_expansion": 21.16
      },
      "activity_lines": [
        1393.000016,
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        1400.330737,
        1389.369447
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1382.400024,
    "trend_reference": 1383.072461,
    "distance_from_trend": -0.000486,
    "trend_direction": "Weakening",
    "fair_value": 1270.428068,
    "distance_from_fair_value": 0.088137,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.909565,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.033962,
    "excess_performance": 0.009747,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.000486,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.035608,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.088137,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.049627,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.059096,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.020518,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.033962,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.415865,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 345493,
      "relative_activity": 0.723896,
      "balance": 0.415865,
      "dry_up": 1.072866,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.054762,
      "annualized_volatility": 0.222067,
      "from_high_reference": -0.24044,
      "from_low_reference": 0.158182
    },
    "levels": {
      "trend_reference": 1383.072461,
      "fair_value_reference": 1270.428068,
      "structural_low": 1193.594894,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.004765,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": 0.015211,
        "regime_survival": 0.529412,
        "best_return": 0.188152,
        "worst_return": -0.072588,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.079555,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.047265,
        "regime_survival": 0.25,
        "best_return": 0.364523,
        "worst_return": -0.044462,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.361299,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.247852,
        "regime_survival": 0.0,
        "best_return": 0.501488,
        "worst_return": -0.062623,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.426502,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.192332,
        "regime_survival": 0.333333,
        "best_return": 0.661495,
        "worst_return": -0.047025,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
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        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.027897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.106065,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
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      {
        "regime": "rotation_down",
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        "end": "2025-02-07",
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        "active": false
      },
      {
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        "active": false
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      {
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
        "close": 1400.599976,
        "volume": 377597,
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        "fair_value": 1263.187964,
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      },
      {
        "date": "2026-07-31",
        "close": 1359.800049,
        "volume": 819759,
        "typical_volume": 477863.8,
        "trend": 1387.285795,
        "fair_value": 1266.80187,
        "relative_strength": -7.172158,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 22.305513,
        "energy": 11.571245,
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      },
      {
        "date": "2026-08-07",
        "close": 1382.400024,
        "volume": 345493,
        "typical_volume": 477269.15,
        "trend": 1383.072461,
        "fair_value": 1270.428068,
        "relative_strength": -5.909565,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}