{ "ticker": { "uuid": "b52355b8-845d-4545-96b1-451a9c11a062", "symbol": "TCEHYN", "name": "Tencent Holdings Limited", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -32.738, "architecture_energy": 17.42, "architecture_maturity": 100.0, "architecture_confidence": 70.252, "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": 48.86, "rotation_up": 27.28, "upward_expansion": 18.29, "deceleration": 46.96, "rotation_down": 23.63, "downward_expansion": 54.62 }, "activity_lines": [ 1026.660002, 1015.939094, 1018.655483, 1050.017202 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 1045.0, "trend_reference": 1104.731221, "distance_from_trend": -0.054069, "trend_direction": "Weakening", "fair_value": 1040.859008, "distance_from_fair_value": 0.003978, "fair_value_direction": "Weakening", "relative_strength": -19.667172, "relative_strength_direction": "Improving", "price_momentum": -0.151364, "excess_performance": -0.096697, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054069, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.115597, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.003978, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.011315, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196672, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102198, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.151364, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.366465, "read": "Supply-led" } ], "volume": { "latest": 484, "relative_activity": 0.314746, "balance": 0.366465, "dry_up": 0.557145, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.054146, "annualized_volatility": 0.297961, "from_high_reference": -0.384888, "from_low_reference": 0.108989 }, "levels": { "trend_reference": 1104.731221, "fair_value_reference": 1040.859008, 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"relative_strength": -21.948165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.629325, "energy": 47.922047, "activity_lines": [ 1002.966675, 998.269449, 1033.574941, 1079.987613 ] }, { "date": "2026-07-17", "close": 1040.0, "volume": 1466, "typical_volume": 1998.95, "trend": 1146.336601, "fair_value": 1035.675595, "relative_strength": -21.39859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.961573, "energy": 34.318151, "activity_lines": [ 1017.17334, 1005.61137, 1030.38094, 1072.30555 ] }, { "date": "2026-07-24", "close": 970.0, "volume": 1150, "typical_volume": 1760.45, "trend": 1131.267891, "fair_value": 1036.997582, "relative_strength": -25.832328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.230262, "energy": 35.739571, "activity_lines": [ 1005.713338, 1000.122732, 1020.971467, 1060.928995 ] }, { "date": "2026-07-31", "close": 1037.0, "volume": 327, "typical_volume": 1712.05, "trend": 1119.864905, "fair_value": 1038.877054, "relative_strength": -20.866216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.540789, "energy": 21.925796, "activity_lines": [ 1017.253337, 1007.821822, 1018.915447, 1054.847196 ] }, { "date": "2026-08-07", "close": 1045.0, "volume": 484, "typical_volume": 1537.75, "trend": 1104.731221, "fair_value": 1040.859008, "relative_strength": -19.667172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.737502, "energy": 17.420198, "activity_lines": [ 1026.660002, 1015.939094, 1018.655483, 1050.017202 ] } ], "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." } } }