{
  "ticker": {
    "uuid": "c38cd12a-6650-407d-989f-a11f3a58c8a8",
    "symbol": "RQ1",
    "name": "Overseas Education Limited",
    "exchange": "SES",
    "country": "SG",
    "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": "^STI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -10.886,
    "architecture_energy": 11.314,
    "architecture_maturity": 15.561,
    "architecture_confidence": 63.786,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 63.26,
        "rotation_up": 31.66,
        "upward_expansion": 31.42,
        "deceleration": 43.37,
        "rotation_down": 20.61,
        "downward_expansion": 39.76
      },
      "activity_lines": [
        0.160733,
        0.159291,
        0.158819,
        0.159548
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 0.159,
    "trend_reference": 0.162331,
    "distance_from_trend": -0.020517,
    "trend_direction": "Weakening",
    "fair_value": 0.178665,
    "distance_from_fair_value": -0.110065,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.488027,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.088392,
    "excess_performance": -0.243227,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.020517,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.039196,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.110065,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.016847,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.21488,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.060325,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.088392,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.272092,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 100200,
      "relative_activity": 1.278306,
      "balance": 0.272092,
      "dry_up": 0.798622,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.05225,
      "annualized_volatility": 0.278699,
      "from_high_reference": -0.14478,
      "from_low_reference": 0.074324
    },
    "levels": {
      "trend_reference": 0.162331,
      "fair_value_reference": 0.178665,
      "structural_low": 0.148,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.010523,
        "positive_rate": 0.391304,
        "directional_follow_through": 0.391304,
        "median_excess_return": -0.004836,
        "regime_survival": 0.608696,
        "best_return": 0.06,
        "worst_return": -0.122342,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.023806,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.181818,
        "median_excess_return": -0.052392,
        "regime_survival": 0.545455,
        "best_return": 0.049998,
        "worst_return": -0.092626,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.027042,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.064644,
        "regime_survival": 0.571429,
        "best_return": 0.049998,
        "worst_return": -0.089733,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.008266,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.174962,
        "regime_survival": 0.333333,
        "best_return": 0.042,
        "worst_return": -0.110127,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.010101,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.074999,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.07442,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-13",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.030155,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-17",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.069767,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.033021,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.005049,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.010523,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-29",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2025-11-28",
        "tenure": "New",
        "return": -0.041668,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.005439,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.042555,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": 0.011858,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
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        "tenure": "New",
        "return": -0.030488,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "trend": 0.164536,
        "fair_value": 0.179633,
        "relative_strength": -20.313931,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-07-17",
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        "volume": 25100,
        "typical_volume": 108275.0,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.407303,
        "energy": 16.324488,
        "activity_lines": [
          0.158267,
          0.157455,
          0.158098,
          0.160018
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      },
      {
        "date": "2026-07-24",
        "close": 0.16,
        "volume": 0,
        "typical_volume": 85085.0,
        "trend": 0.163383,
        "fair_value": 0.17914,
        "relative_strength": -20.694719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.24948,
        "energy": 18.028091,
        "activity_lines": [
          0.159333,
          0.157909,
          0.158241,
          0.159763
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.164,
        "volume": 125100,
        "typical_volume": 76670.0,
        "trend": 0.16294,
        "fair_value": 0.178918,
        "relative_strength": -18.65524,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.550193,
        "energy": 11.644487,
        "activity_lines": [
          0.161333,
          0.159091,
          0.158794,
          0.159802
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.159,
        "volume": 100200,
        "typical_volume": 78385.0,
        "trend": 0.162331,
        "fair_value": 0.178665,
        "relative_strength": -21.488027,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.886015,
        "energy": 11.314273,
        "activity_lines": [
          0.160733,
          0.159291,
          0.158819,
          0.159548
        ]
      }
    ],
    "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."
    }
  }
}