{
  "ticker": {
    "uuid": "a8f4a610-e065-476d-8ab8-317aae390de0",
    "symbol": "SPLIL",
    "name": "SPL Industries 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 93.471,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 54.558,
    "architecture_energy": 27.256,
    "architecture_maturity": 17.674,
    "architecture_confidence": 74.758,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 29.78,
        "rotation_up": 46.35,
        "upward_expansion": 75.47,
        "deceleration": 57.88,
        "rotation_down": 23.75,
        "downward_expansion": 4.47
      },
      "activity_lines": [
        31.714,
        31.576545,
        31.238428,
        30.520279
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 32.689999,
    "trend_reference": 29.773333,
    "distance_from_trend": 0.097962,
    "trend_direction": "Weakening",
    "fair_value": 48.983141,
    "distance_from_fair_value": -0.332628,
    "fair_value_direction": "Improving",
    "relative_strength": -0.824399,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.104392,
    "excess_performance": 0.148101,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.097962,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.05702,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.332628,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.027171,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008244,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024753,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.104392,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.399522,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 41260,
      "relative_activity": 0.842522,
      "balance": 1.399522,
      "dry_up": 1.176269,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.093183,
      "annualized_volatility": 0.480901,
      "from_high_reference": -0.27677,
      "from_low_reference": 0.618317
    },
    "levels": {
      "trend_reference": 29.773333,
      "fair_value_reference": 48.983141,
      "structural_low": 20.200001,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.066616,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.070529,
        "regime_survival": 0.533333,
        "best_return": 0.286938,
        "worst_return": -0.20288,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.027978,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.054675,
        "regime_survival": 0.428571,
        "best_return": 0.079179,
        "worst_return": -0.192935,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.076253,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.074528,
        "regime_survival": 0.0,
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        "worst_return": -0.129032,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.023181,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.112263,
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        "best_return": 0.03212,
        "worst_return": -0.161877,
        "sufficient": false
      }
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        "regime": "rotation_up",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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        "regime": "downward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-07-25",
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      {
        "regime": "deceleration",
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.611381,
        "energy": 16.564059,
        "activity_lines": [
          30.153333,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 31.209999,
        "volume": 57465,
        "typical_volume": 62778.85,
        "trend": 32.751333,
        "fair_value": 52.018718,
        "relative_strength": -8.484289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 21.88011,
        "activity_lines": [
          31.125333,
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      },
      {
        "date": "2026-05-08",
        "close": 33.169998,
        "volume": 70124,
        "typical_volume": 65391.95,
        "trend": 32.560333,
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        "relative_strength": -3.299669,
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        "energy": 24.575539,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 28.940001,
        "volume": 24526,
        "typical_volume": 62828.35,
        "trend": 32.256667,
        "fair_value": 51.589616,
        "relative_strength": -13.323312,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.614409,
        "energy": 17.485705,
        "activity_lines": [
          31.321333,
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      },
      {
        "date": "2026-05-22",
        "close": 29.809999,
        "volume": 32877,
        "typical_volume": 62545.3,
        "trend": 31.967333,
        "fair_value": 51.406987,
        "relative_strength": -10.689512,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.448852,
        "energy": 10.116685,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 32.279999,
        "volume": 29289,
        "typical_volume": 58901.1,
        "trend": 31.573667,
        "fair_value": 51.202693,
        "relative_strength": -2.365937,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 6.710948,
        "activity_lines": [
          31.000666,
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      },
      {
        "date": "2026-06-05",
        "close": 30.5,
        "volume": 3355,
        "typical_volume": 54860.0,
        "trend": 31.286667,
        "fair_value": 50.978013,
        "relative_strength": -6.789131,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.141508,
        "energy": 10.444744,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 9554,
        "typical_volume": 51847.5,
        "trend": 30.986667,
        "fair_value": 50.751282,
        "relative_strength": -9.137368,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 50.509039,
        "relative_strength": -10.465756,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 7.988104,
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      },
      {
        "date": "2026-06-26",
        "close": 31.99,
        "volume": 0,
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        "relative_strength": -3.762204,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.462617,
        "energy": 11.051483,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 31.629999,
        "volume": 4587,
        "typical_volume": 47430.25,
        "trend": 30.258333,
        "fair_value": 50.044103,
        "relative_strength": -5.117098,
        "stage": 1,
        "regime": "balance",
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        "gate": "mixed",
        "direction": 22.479109,
        "energy": 13.808938,
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          31.07,
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      },
      {
        "date": "2026-07-10",
        "close": 32.110001,
        "volume": 31281,
        "typical_volume": 47317.25,
        "trend": 30.103666,
        "fair_value": 49.825577,
        "relative_strength": -3.010251,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.220629,
        "energy": 24.819277,
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          31.512667,
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          30.057183
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      },
      {
        "date": "2026-07-17",
        "close": 32.68,
        "volume": 81207,
        "typical_volume": 50701.95,
        "trend": 29.982,
        "fair_value": 49.611987,
        "relative_strength": -1.33759,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 56.335007,
        "energy": 45.137938,
        "activity_lines": [
          32.038,
          31.435818,
          30.823571,
          30.223398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.25,
        "volume": 74940,
        "typical_volume": 52379.35,
        "trend": 29.873666,
        "fair_value": 49.402051,
        "relative_strength": -2.971782,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.304492,
        "energy": 38.262184,
        "activity_lines": [
          31.903333,
          31.486182,
          30.966714,
          30.305204
        ]
      },
      {
        "date": "2026-07-31",
        "close": 30.26,
        "volume": 33010,
        "typical_volume": 51940.6,
        "trend": 29.742666,
        "fair_value": 49.191218,
        "relative_strength": -7.84349,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.378543,
        "energy": 23.163984,
        "activity_lines": [
          31.346,
          31.314546,
          30.996381,
          30.330129
        ]
      },
      {
        "date": "2026-08-07",
        "close": 32.689999,
        "volume": 41260,
        "typical_volume": 48972.0,
        "trend": 29.773333,
        "fair_value": 48.983141,
        "relative_strength": -0.824399,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.557564,
        "energy": 27.256239,
        "activity_lines": [
          31.714,
          31.576545,
          31.238428,
          30.520279
        ]
      }
    ],
    "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."
    }
  }
}