{ "ticker": { "uuid": "b3abea89-d348-4af7-b488-d711ae33584b", "symbol": "QAL", "name": "Qualitas 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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 50.86, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 75.493, "architecture_energy": 61.013, "architecture_maturity": 21.993, "architecture_confidence": 74.089, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 18.29, "rotation_up": 67.23, "upward_expansion": 83.38, "deceleration": 53.82, "rotation_down": 15.34, "downward_expansion": 10.04 }, "activity_lines": [ 3.184, 3.119091, 2.952381, 2.874607 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 3.3, "trend_reference": 2.869783, "distance_from_trend": 0.149913, "trend_direction": "Weakening", "fair_value": 2.672023, "distance_from_fair_value": 0.235019, "fair_value_direction": "Improving", "relative_strength": -0.980788, "relative_strength_direction": "Improving", "price_momentum": 0.108989, "excess_performance": 0.045283, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.149913, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.069661, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.235019, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.242089, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009808, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.179283, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.108989, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.284153, "read": "Demand-led" } ], "volume": { "latest": 1811049, "relative_activity": 1.561657, "balance": 2.284153, "dry_up": 1.235885, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.062471, "annualized_volatility": 0.376552, "from_high_reference": -0.18584, "from_low_reference": 0.460177 }, "levels": { "trend_reference": 2.869783, "fair_value_reference": 2.672023, "structural_low": 2.26, "invalidation": "A renewed 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"activity_lines": [ 3.048667, 2.943091, 2.778498, 2.801366 ] }, { "date": "2026-07-17", "close": 3.27, "volume": 1598047, "typical_volume": 1367290.45, "trend": 2.91133, "fair_value": 2.654255, "relative_strength": 2.464696, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.498087, "energy": 76.170242, "activity_lines": [ 3.145333, 3.015091, 2.831952, 2.82346 ] }, { "date": "2026-07-24", "close": 3.14, "volume": 1024223, "typical_volume": 1351803.3, "trend": 2.891763, "fair_value": 2.660129, "relative_strength": -1.167446, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.039163, "energy": 69.305844, "activity_lines": [ 3.164667, 3.051273, 2.872048, 2.838213 ] }, { "date": "2026-07-31", "close": 3.03, "volume": 1299688, "typical_volume": 1251779.0, "trend": 2.874131, "fair_value": 2.665356, "relative_strength": -6.491037, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.951423, "energy": 56.563829, "activity_lines": [ 3.13, 3.061636, 2.90019, 2.847131 ] }, { "date": "2026-08-07", "close": 3.3, "volume": 1811049, "typical_volume": 1159696.75, "trend": 2.869783, "fair_value": 2.672023, "relative_strength": -0.980788, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.492694, "energy": 61.013041, "activity_lines": [ 3.184, 3.119091, 2.952381, 2.874607 ] } ], "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." } } }