{
  "ticker": {
    "uuid": "b29cd36b-58ef-4fc0-a83a-087dbc438a20",
    "symbol": "9791",
    "name": "Biken Techno Corporation",
    "exchange": "JPX",
    "country": "JP",
    "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": "2026-08-28",
    "benchmark": "^N225",
    "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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -40.608,
    "architecture_energy": 31.378,
    "architecture_maturity": 45.823,
    "architecture_confidence": 63.464,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 41.25,
        "rotation_up": 24.03,
        "upward_expansion": 14.65,
        "deceleration": 60.43,
        "rotation_down": 39.25,
        "downward_expansion": 62.32
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 1209.0,
    "trend_reference": 1266.676689,
    "distance_from_trend": -0.045534,
    "trend_direction": "Weakening",
    "fair_value": 1062.049125,
    "distance_from_fair_value": 0.138365,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.106177,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.146927,
    "excess_performance": -0.275187,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.045534,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.042872,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.138365,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.005558,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.211062,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.057525,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.146927,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.621572,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9300,
      "relative_activity": 0.608838,
      "balance": 0.621572,
      "dry_up": 1.050736,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.03563,
      "annualized_volatility": 0.294512,
      "from_high_reference": -0.172847,
      "from_low_reference": 0.127799
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    "levels": {
      "trend_reference": 1266.676689,
      "fair_value_reference": 1062.049125,
      "structural_low": 1072.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
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        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.000882,
        "regime_survival": 0.8,
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        "worst_return": -0.050633,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "worst_return": 0.004612,
        "sufficient": false
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        "horizon": "Extended",
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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        "regime": "balance",
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        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 20.787385,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 23690.0,
        "trend": 1335.261873,
        "fair_value": 1042.92641,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 23475.0,
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        "fair_value": 1044.94257,
        "relative_strength": -13.928716,
        "stage": 3,
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        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 22120.0,
        "trend": 1342.232463,
        "fair_value": 1047.19348,
        "relative_strength": -15.13518,
        "stage": 3,
        "regime": "rotation_down",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 21315.0,
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        "stage": 3,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 26350.0,
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        "relative_strength": -27.881156,
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      },
      {
        "date": "2026-05-29",
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        "volume": 7700,
        "typical_volume": 24950.0,
        "trend": 1337.071025,
        "fair_value": 1051.643816,
        "relative_strength": -26.858726,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
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      },
      {
        "date": "2026-06-05",
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        "stage": 4,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 22960.0,
        "trend": 1328.12026,
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      },
      {
        "date": "2026-06-19",
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        "volume": 2600,
        "typical_volume": 22655.0,
        "trend": 1323.41394,
        "fair_value": 1053.843685,
        "relative_strength": -34.86187,
        "stage": 4,
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      },
      {
        "date": "2026-06-26",
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        "volume": 2900,
        "typical_volume": 21865.0,
        "trend": 1317.35577,
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      },
      {
        "date": "2026-07-03",
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        "trend": 1314.123962,
        "fair_value": 1054.384706,
        "relative_strength": -28.930924,
        "stage": 4,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 19260.0,
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "volume": 2100,
        "typical_volume": 18200.0,
        "trend": 1300.36449,
        "fair_value": 1057.095118,
        "relative_strength": -20.302388,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
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        "volume": 5600,
        "typical_volume": 15325.0,
        "trend": 1294.910022,
        "fair_value": 1058.336369,
        "relative_strength": -19.599281,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.926502,
        "energy": 24.515705,
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      },
      {
        "date": "2026-08-07",
        "close": 1213.0,
        "volume": 10100,
        "typical_volume": 15015.0,
        "trend": 1288.003703,
        "fair_value": 1059.383441,
        "relative_strength": -21.448947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.761286,
        "energy": 21.684959,
        "activity_lines": [
          1212.6,
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          1204.8,
          1240.256856
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      },
      {
        "date": "2026-08-14",
        "close": 1158.0,
        "volume": 34700,
        "typical_volume": 16020.0,
        "trend": 1280.51416,
        "fair_value": 1060.462269,
        "relative_strength": -27.94326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.960006,
        "energy": 22.959924,
        "activity_lines": [
          1195.866667,
          1189.6,
          1196.838095,
          1231.86952
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      },
      {
        "date": "2026-08-21",
        "close": 1160.0,
        "volume": 10100,
        "typical_volume": 15335.0,
        "trend": 1272.762309,
        "fair_value": 1061.346976,
        "relative_strength": -24.349307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.728101,
        "energy": 38.650299,
        "activity_lines": [
          1182.533333,
          1186.8,
          1190.02381,
          1224.094413
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      },
      {
        "date": "2026-08-28",
        "close": 1209.0,
        "volume": 9300,
        "typical_volume": 15275.0,
        "trend": 1266.676689,
        "fair_value": 1062.049125,
        "relative_strength": -21.106177,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.608319,
        "energy": 31.37806,
        "activity_lines": [
          1187.2,
          1192.109091,
          1189.061905,
          1219.980716
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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."
    }
  }
}