{
  "ticker": {
    "uuid": "bed69a48-ab86-44e7-8921-26a288a2a555",
    "symbol": "JK8",
    "name": "UOBAM FTSE China A50 Index ETF",
    "exchange": "SES",
    "country": "SG",
    "assetType": "etf"
  },
  "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": "^STI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 11.476,
    "architecture_energy": 13.611,
    "architecture_maturity": 39.657,
    "architecture_confidence": 75.969,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 58.0,
        "rotation_up": 21.78,
        "upward_expansion": 42.63,
        "deceleration": 82.96,
        "rotation_down": 34.25,
        "downward_expansion": 31.96
      },
      "activity_lines": [
        2.5198,
        2.533418,
        2.547419,
        2.524101
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 2.532,
    "trend_reference": 2.490367,
    "distance_from_trend": 0.016718,
    "trend_direction": "Improving",
    "fair_value": 2.145075,
    "distance_from_fair_value": 0.180378,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.236452,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.061635,
    "excess_performance": -0.0932,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.016718,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.012982,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.180378,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.033352,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.132365,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.123162,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.061635,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.774779,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 121630,
      "relative_activity": 0.807074,
      "balance": 0.774779,
      "dry_up": 1.256414,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.033115,
      "annualized_volatility": 0.125998,
      "from_high_reference": -0.051685,
      "from_low_reference": 0.171832
    },
    "levels": {
      "trend_reference": 2.490367,
      "fair_value_reference": 2.145075,
      "structural_low": 2.34,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.004903,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.019176,
        "regime_survival": 0.5,
        "best_return": 0.023585,
        "worst_return": -0.07907,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.017103,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.063305,
        "regime_survival": 0.0,
        "best_return": 0.060986,
        "worst_return": -0.13913,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.023611,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.050136,
        "regime_survival": 0.333333,
        "best_return": 0.113402,
        "worst_return": -0.121739,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.03253,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.110718,
        "regime_survival": 0.0,
        "best_return": 0.087113,
        "worst_return": -0.152174,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-02",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2024-09-20",
        "tenure": "New",
        "return": -0.021164,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-27",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.187793,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.075949,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-15",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.004608,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.050691,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.0311,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.003175,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2026-02-13",
        "tenure": "Extended",
        "return": 0.106491,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.007519,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.009664,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.069052,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.015252,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.002757,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 46907.4,
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      },
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 139696.2,
        "trend": 2.431205,
        "fair_value": 2.091777,
        "relative_strength": -0.124147,
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      },
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        "date": "2026-05-01",
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        "relative_strength": -0.37891,
        "stage": 2,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 138597.35,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 147691.5,
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "trend": 2.463061,
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        "relative_strength": -0.747086,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -4.657295,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 46.141317,
        "activity_lines": [
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          2.511753
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      },
      {
        "date": "2026-07-03",
        "close": 2.518,
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        "typical_volume": 126742.5,
        "trend": 2.483575,
        "fair_value": 2.128917,
        "relative_strength": -7.368896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 132979.0,
        "trend": 2.486733,
        "fair_value": 2.132658,
        "relative_strength": -10.228536,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.193913,
        "energy": 20.525107,
        "activity_lines": [
          2.5566,
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          2.517733
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      },
      {
        "date": "2026-07-17",
        "close": 2.46,
        "volume": 207086,
        "typical_volume": 139279.85,
        "trend": 2.487133,
        "fair_value": 2.135955,
        "relative_strength": -13.432539,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.265438,
        "energy": 17.810062,
        "activity_lines": [
          2.519067,
          2.551745,
          2.545243,
          2.516009
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.562,
        "volume": 107983,
        "typical_volume": 139763.55,
        "trend": 2.489667,
        "fair_value": 2.139279,
        "relative_strength": -10.95323,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.815464,
        "energy": 22.225563,
        "activity_lines": [
          2.524867,
          2.550764,
          2.549681,
          2.520839
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.498,
        "volume": 320692,
        "typical_volume": 153052.95,
        "trend": 2.489767,
        "fair_value": 2.141755,
        "relative_strength": -13.558191,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.547765,
        "energy": 13.677069,
        "activity_lines": [
          2.514267,
          2.538618,
          2.547157,
          2.521376
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.532,
        "volume": 121630,
        "typical_volume": 150704.85,
        "trend": 2.490367,
        "fair_value": 2.145075,
        "relative_strength": -13.236452,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.475681,
        "energy": 13.610976,
        "activity_lines": [
          2.5198,
          2.533418,
          2.547419,
          2.524101
        ]
      }
    ],
    "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."
    }
  }
}