{
  "ticker": {
    "uuid": "ae117be9-3175-4fb8-b1f7-e776608a9de2",
    "symbol": "GNG",
    "name": "GR Engineering Services Limited",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 76.79,
    "architecture_energy": 55.107,
    "architecture_maturity": 28.0,
    "architecture_confidence": 81.762,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 25.85,
        "rotation_up": 64.13,
        "upward_expansion": 77.91,
        "deceleration": 59.17,
        "rotation_down": 15.61,
        "downward_expansion": 6.91
      },
      "activity_lines": [
        5.655333,
        5.486364,
        5.326476,
        5.081532
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 6.04,
    "trend_reference": 4.785408,
    "distance_from_trend": 0.26217,
    "trend_direction": "Improving",
    "fair_value": 2.926181,
    "distance_from_fair_value": 1.064124,
    "fair_value_direction": "Improving",
    "relative_strength": 29.611161,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.501559,
    "excess_performance": 0.437854,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.26217,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10853,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.064124,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.266192,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.296112,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.074589,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.501559,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.405556,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 851095,
      "relative_activity": 0.847368,
      "balance": 2.405556,
      "dry_up": 1.169335,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.077305,
      "annualized_volatility": 0.493692,
      "from_high_reference": -0.027375,
      "from_low_reference": 0.880372
    },
    "levels": {
      "trend_reference": 4.785408,
      "fair_value_reference": 2.926181,
      "structural_low": 3.7,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.043165,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.047037,
        "regime_survival": 0.444444,
        "best_return": 0.209059,
        "worst_return": -0.056701,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.131443,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.160328,
        "regime_survival": 0.0,
        "best_return": 0.302817,
        "worst_return": -0.080752,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.18428,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.189661,
        "regime_survival": 0.2,
        "best_return": 0.555883,
        "worst_return": 0.087462,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.607157,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.502257,
        "regime_survival": 0.0,
        "best_return": 0.646493,
        "worst_return": -0.056191,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-14",
        "end": "2023-09-15",
        "tenure": "Developing",
        "return": 0.019266,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-09-22",
        "end": "2023-10-13",
        "tenure": "New",
        "return": 0.004651,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-10-20",
        "end": "2024-05-17",
        "tenure": "Extended",
        "return": 0.0533,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-24",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": -0.036036,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-12",
        "end": "2024-10-11",
        "tenure": "Established",
        "return": 0.05033,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.126829,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": 0.20922,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.158451,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.280319,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.074742,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Established",
        "return": -0.002205,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-08",
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        "return": 0.233596,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.024194,
        "active": false
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      {
        "regime": "deceleration",
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        "tenure": "New",
        "return": 0.203187,
        "active": true
      }
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    "chart_path": [
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        "date": "2026-04-17",
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      },
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      {
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      {
        "date": "2026-06-05",
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      {
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 2.807916,
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        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 2.828193,
        "relative_strength": 12.735512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.956182,
        "energy": 26.12476,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 5.02,
        "volume": 1550447,
        "typical_volume": 1076364.4,
        "trend": 4.629144,
        "fair_value": 2.849573,
        "relative_strength": 16.274431,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.456002,
        "energy": 29.583192,
        "activity_lines": [
          5.069333,
          5.264182,
          5.060667,
          4.864635
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.65,
        "volume": 962954,
        "typical_volume": 1031007.5,
        "trend": 4.675909,
        "fair_value": 2.87422,
        "relative_strength": 30.09203,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.301167,
        "energy": 27.631868,
        "activity_lines": [
          5.230667,
          5.323273,
          5.142857,
          4.930497
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.7,
        "volume": 1333414,
        "typical_volume": 1014247.6,
        "trend": 4.723039,
        "fair_value": 2.899188,
        "relative_strength": 27.249712,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 66.673382,
        "energy": 38.381806,
        "activity_lines": [
          5.406,
          5.378909,
          5.222571,
          4.996567
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.04,
        "volume": 851095,
        "typical_volume": 1004397.75,
        "trend": 4.785408,
        "fair_value": 2.926181,
        "relative_strength": 29.611161,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 76.789681,
        "energy": 55.106563,
        "activity_lines": [
          5.655333,
          5.486364,
          5.326476,
          5.081532
        ]
      }
    ],
    "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."
    }
  }
}