{
  "ticker": {
    "uuid": "c92fd92b-f6bf-4773-bbb4-ead0b06ad941",
    "symbol": "OYY",
    "name": "PropNex 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": 63.452,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -6.228,
    "architecture_energy": 6.361,
    "architecture_maturity": 15.727,
    "architecture_confidence": 44.731,
    "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": 56.97,
        "rotation_up": 18.11,
        "upward_expansion": 24.57,
        "deceleration": 62.09,
        "rotation_down": 38.64,
        "downward_expansion": 53.24
      },
      "activity_lines": [
        1.828,
        1.831818,
        1.819722,
        1.816576
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 1.86,
    "trend_reference": 1.852913,
    "distance_from_trend": 0.003825,
    "trend_direction": "Weakening",
    "fair_value": 1.217246,
    "distance_from_fair_value": 0.528039,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.268733,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.09626,
    "excess_performance": -0.251096,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.003825,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.02695,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.528039,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.066772,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.212687,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.137818,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.09626,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.810103,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3172200,
      "relative_activity": 0.80161,
      "balance": 1.810103,
      "dry_up": 0.853243,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.04177,
      "annualized_volatility": 0.354497,
      "from_high_reference": -0.274947,
      "from_low_reference": 0.291543
    },
    "levels": {
      "trend_reference": 1.852913,
      "fair_value_reference": 1.217246,
      "structural_low": 1.57041,
      "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": 13,
        "median_return": -0.02907,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.051827,
        "regime_survival": 0.153846,
        "best_return": 0.15,
        "worst_return": -0.219626,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.058824,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.032909,
        "regime_survival": 0.0,
        "best_return": 0.3125,
        "worst_return": -0.123302,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.029043,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.045231,
        "regime_survival": 0.166667,
        "best_return": 0.434446,
        "worst_return": -0.074354,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.322353,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.078512,
        "regime_survival": 0.0,
        "best_return": 0.356334,
        "worst_return": -0.05727,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-05",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": -0.011148,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-07-05",
        "tenure": "New",
        "return": -0.034884,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-12",
        "end": "2024-10-18",
        "tenure": "Established",
        "return": -0.026689,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.05,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": -0.005436,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": 0.144386,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.052632,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-10-31",
        "tenure": "Established",
        "return": 0.893314,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-07",
        "end": "2026-02-06",
        "tenure": "Established",
        "return": -0.094421,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.046729,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-06",
        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.065986,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.039106,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.005376,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "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": 4400970.0,
        "trend": 0.784776,
        "fair_value": 0.554132,
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        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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      },
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5516335.0,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.842122,
        "energy": 13.436402,
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          1.827333,
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          1.804066,
          1.822167
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      },
      {
        "date": "2026-07-24",
        "close": 1.78,
        "volume": 2279000,
        "typical_volume": 4486280.0,
        "trend": 1.858325,
        "fair_value": 1.204566,
        "relative_strength": -23.192686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.37488,
        "energy": 21.062315,
        "activity_lines": [
          1.804,
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          1.805075,
          1.816998
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.85,
        "volume": 5720000,
        "typical_volume": 4199890.0,
        "trend": 1.858216,
        "fair_value": 1.210768,
        "relative_strength": -20.743048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.618685,
        "energy": 14.360883,
        "activity_lines": [
          1.814,
          1.825273,
          1.812449,
          1.816461
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.86,
        "volume": 3172200,
        "typical_volume": 3957285.0,
        "trend": 1.852913,
        "fair_value": 1.217246,
        "relative_strength": -21.268733,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.227925,
        "energy": 6.361078,
        "activity_lines": [
          1.828,
          1.831818,
          1.819722,
          1.816576
        ]
      }
    ],
    "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."
    }
  }
}