{
  "ticker": {
    "uuid": "beeb7232-bbc4-48f5-86fd-b33322ef9aae",
    "symbol": "SND",
    "name": "Saunders International 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 35.123,
    "architecture_energy": 26.111,
    "architecture_maturity": 55.46,
    "architecture_confidence": 88.909,
    "architecture_tenure": "New",
    "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": 27.11,
        "rotation_up": 28.0,
        "upward_expansion": 65.05,
        "deceleration": 88.06,
        "rotation_down": 30.31,
        "downward_expansion": 19.71
      },
      "activity_lines": [
        0.999,
        1.020273,
        0.984167,
        0.955742
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 0.945,
    "trend_reference": 0.930833,
    "distance_from_trend": 0.015219,
    "trend_direction": "Improving",
    "fair_value": 0.865512,
    "distance_from_fair_value": 0.091839,
    "fair_value_direction": "Improving",
    "relative_strength": 2.551389,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.0,
    "excess_performance": -0.063706,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.015219,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.089544,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.091839,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.10989,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.025514,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011254,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.121243,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14078,
      "relative_activity": 0.03197,
      "balance": 12.121243,
      "dry_up": 0.082573,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.054131,
      "annualized_volatility": 0.331812,
      "from_high_reference": -0.140909,
      "from_low_reference": 0.394416
    },
    "levels": {
      "trend_reference": 0.930833,
      "fair_value_reference": 0.865512,
      "structural_low": 0.78,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.001035,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.015645,
        "regime_survival": 0.416667,
        "best_return": 0.239999,
        "worst_return": -0.136364,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.039248,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.04155,
        "regime_survival": 0.166667,
        "best_return": 0.290322,
        "worst_return": -0.181818,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.048735,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.036608,
        "regime_survival": 0.0,
        "best_return": 0.328704,
        "worst_return": -0.159091,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.052033,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.008293,
        "regime_survival": 0.666667,
        "best_return": 0.415802,
        "worst_return": 0.00339,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 0.177913,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-03",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.138613,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-14",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.090909,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": -0.012121,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.012739,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.037975,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2026-01-09",
        "tenure": "Established",
        "return": 0.095726,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.045455,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-06",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": -0.046512,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-05-01",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.012048,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-05-29",
        "tenure": "New",
        "return": 0.046243,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-05",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.038095,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 81825.95,
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 1.04,
        "volume": 11592,
        "typical_volume": 450097.0,
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          0.976405,
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      },
      {
        "date": "2026-07-31",
        "close": 1.01,
        "volume": 5162,
        "typical_volume": 442199.2,
        "trend": 0.929,
        "fair_value": 0.865707,
        "relative_strength": 13.308932,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.134262,
        "energy": 40.066577,
        "activity_lines": [
          1.027667,
          1.035727,
          0.98369,
          0.95471
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.945,
        "volume": 14078,
        "typical_volume": 440352.05,
        "trend": 0.930833,
        "fair_value": 0.865512,
        "relative_strength": 2.551389,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.123033,
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        "activity_lines": [
          0.999,
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          0.955742
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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."
    }
  }
}