{
  "ticker": {
    "uuid": "aa7b006b-b27b-463f-96c1-37f8dc70d12f",
    "symbol": "NEOGEN",
    "name": "Neogen Chemicals 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.331,
    "architecture_energy": 51.179,
    "architecture_maturity": 75.619,
    "architecture_confidence": 74.798,
    "architecture_tenure": "Established",
    "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": 14.33,
        "rotation_up": 50.06,
        "upward_expansion": 79.16,
        "deceleration": 69.93,
        "rotation_down": 25.59,
        "downward_expansion": 8.16
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 2031.900024,
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    "distance_from_trend": 0.25153,
    "trend_direction": "Improving",
    "fair_value": 1603.324374,
    "distance_from_fair_value": 0.267304,
    "fair_value_direction": "Improving",
    "relative_strength": 35.424604,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.501219,
    "excess_performance": 0.544928,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.25153,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.208028,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.267304,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.140312,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.354246,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.061301,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.501219,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.977948,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.977948,
      "dry_up": 1.710399,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.458535,
      "from_high_reference": -0.144103,
      "from_low_reference": 1.101893
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    "levels": {
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      "fair_value_reference": 1603.324374,
      "structural_low": 1101.199951,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 1600.263244,
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      },
      {
        "date": "2026-08-07",
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        "trend": 1623.533342,
        "fair_value": 1603.324374,
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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."
    }
  }
}