{
  "ticker": {
    "uuid": "bc7a232b-f625-4cc9-ab77-117b25c30ebd",
    "symbol": "PGIL",
    "name": "Pearl Global Industries 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 92.924,
    "architecture_energy": 77.365,
    "architecture_maturity": 34.0,
    "architecture_confidence": 74.335,
    "architecture_tenure": "Developing",
    "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": 4.72,
        "rotation_up": 81.02,
        "upward_expansion": 89.25,
        "deceleration": 50.66,
        "rotation_down": 11.82,
        "downward_expansion": 13.59
      },
      "activity_lines": [
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        1900.313594,
        1798.725949
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 2464.100098,
    "trend_reference": 1688.071696,
    "distance_from_trend": 0.459713,
    "trend_direction": "Improving",
    "fair_value": 1139.07889,
    "distance_from_fair_value": 1.163239,
    "fair_value_direction": "Improving",
    "relative_strength": 56.766711,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.350191,
    "excess_performance": 0.3939,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.459713,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.079705,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.163239,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.574319,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.567667,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.436643,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.350191,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.061422,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3091083,
      "relative_activity": 7.035292,
      "balance": 5.061422,
      "dry_up": 2.495164,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.071828,
      "annualized_volatility": 0.466857,
      "from_high_reference": -0.029729,
      "from_low_reference": 1.110319
    },
    "levels": {
      "trend_reference": 1688.071696,
      "fair_value_reference": 1139.07889,
      "structural_low": 1342.790283,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.004529,
        "positive_rate": 0.517241,
        "directional_follow_through": 0.517241,
        "median_excess_return": 0.007976,
        "regime_survival": 0.724138,
        "best_return": 0.842316,
        "worst_return": -0.241538,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
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        "regime_survival": 0.416667,
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        "worst_return": -0.26839,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.038161,
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        "median_excess_return": 0.07097,
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        "worst_return": -0.213612,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": 0.280169,
        "sufficient": false
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        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "tenure": "New",
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        "active": false
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        "regime": "balance",
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 1114.353582,
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      },
      {
        "date": "2026-07-31",
        "close": 2064.800049,
        "volume": 404103,
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        "trend": 1655.99624,
        "fair_value": 1125.450909,
        "relative_strength": 34.230025,
        "stage": 2,
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        "energy": 62.152333,
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      },
      {
        "date": "2026-08-07",
        "close": 2464.100098,
        "volume": 3091083,
        "typical_volume": 439368.1,
        "trend": 1688.071696,
        "fair_value": 1139.07889,
        "relative_strength": 56.766711,
        "stage": 2,
        "regime": "upward_expansion",
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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."
    }
  }
}