{
  "ticker": {
    "uuid": "c9d37223-1087-4faa-b3e6-5f01aeab624c",
    "symbol": "BQC",
    "name": "A-Smart Holdings Ltd.",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -77.982,
    "architecture_energy": 88.926,
    "architecture_maturity": 30.097,
    "architecture_confidence": 86.585,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 4.52,
        "rotation_up": 10.12,
        "upward_expansion": 21.46,
        "deceleration": 37.24,
        "rotation_down": 82.77,
        "downward_expansion": 99.46
      },
      "activity_lines": [
        0.090467,
        0.094855,
        0.101881,
        0.105759
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 0.088,
    "trend_reference": 0.110167,
    "distance_from_trend": -0.20121,
    "trend_direction": "Weakening",
    "fair_value": 0.104232,
    "distance_from_fair_value": -0.155726,
    "fair_value_direction": "Weakening",
    "relative_strength": -31.33409,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.22807,
    "excess_performance": -0.382905,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.20121,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041751,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.155726,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.171078,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.313341,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.338591,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.22807,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.019904,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8000,
      "relative_activity": 0.306748,
      "balance": 0.019904,
      "dry_up": 0.333589,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.072552,
      "annualized_volatility": 0.56412,
      "from_high_reference": -0.388889,
      "from_low_reference": 0.08642
    },
    "levels": {
      "trend_reference": 0.110167,
      "fair_value_reference": 0.104232,
      "structural_low": 0.088,
      "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": 37,
        "median_return": -0.015788,
        "positive_rate": 0.351351,
        "directional_follow_through": 0.594595,
        "median_excess_return": -0.042813,
        "regime_survival": 0.837838,
        "best_return": 1.076936,
        "worst_return": -0.289066,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.031576,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.025639,
        "regime_survival": 0.769231,
        "best_return": 1.850003,
        "worst_return": -0.461675,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.045453,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.001429,
        "regime_survival": 0.571429,
        "best_return": 1.908172,
        "worst_return": -0.568274,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.260178,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.348524,
        "regime_survival": 0.75,
        "best_return": 1.244909,
        "worst_return": -0.577722,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.164706,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-16",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
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        "active": false
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      {
        "regime": "rotation_up",
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        "color": "teal",
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        "end": "2025-07-18",
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-26",
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        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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        "end": "2026-01-23",
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        "return": 0.090909,
        "active": false
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      {
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        "energy": 15.64876,
        "activity_lines": [
          0.116267,
          0.115964,
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          0.115602
        ]
      },
      {
        "date": "2026-05-01",
        "close": 0.117,
        "volume": 77600,
        "typical_volume": 55095.0,
        "trend": 0.1157,
        "fair_value": 0.112949,
        "relative_strength": 5.856814,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.139525,
        "energy": 16.246175,
        "activity_lines": [
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          0.115714
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 21200,
        "typical_volume": 51785.0,
        "trend": 0.115733,
        "fair_value": 0.112276,
        "relative_strength": 2.524969,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 4.763065,
        "activity_lines": [
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          0.115604
        ]
      },
      {
        "date": "2026-05-15",
        "close": 0.112,
        "volume": 39200,
        "typical_volume": 51755.0,
        "trend": 0.1158,
        "fair_value": 0.11182,
        "relative_strength": -1.008436,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.022269,
        "energy": 16.739186,
        "activity_lines": [
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          0.115363
        ]
      },
      {
        "date": "2026-05-22",
        "close": 0.112,
        "volume": 26200,
        "typical_volume": 49810.0,
        "trend": 0.115367,
        "fair_value": 0.111393,
        "relative_strength": -2.866763,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.215724,
        "energy": 27.13742,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 1600,
        "typical_volume": 48765.0,
        "trend": 0.114967,
        "fair_value": 0.110765,
        "relative_strength": -2.569989,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 35.521839,
        "activity_lines": [
          0.1126,
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          0.114901
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      },
      {
        "date": "2026-06-05",
        "close": 0.11,
        "volume": 0,
        "typical_volume": 48520.0,
        "trend": 0.114533,
        "fair_value": 0.110325,
        "relative_strength": -4.614655,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.116929,
        "energy": 40.640331,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 0.108,
        "volume": 0,
        "typical_volume": 45520.0,
        "trend": 0.113967,
        "fair_value": 0.109757,
        "relative_strength": -5.960543,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -39.271782,
        "energy": 49.420731,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
        "typical_volume": 41460.0,
        "trend": 0.114133,
        "fair_value": 0.109253,
        "relative_strength": -0.647066,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.512768,
        "energy": 17.007633,
        "activity_lines": [
          0.112533,
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          0.114419
        ]
      },
      {
        "date": "2026-06-26",
        "close": 0.095,
        "volume": 23000,
        "typical_volume": 39265.0,
        "trend": 0.113733,
        "fair_value": 0.108746,
        "relative_strength": -19.769185,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.426175,
        "energy": 72.629232,
        "activity_lines": [
          0.106867,
          0.109473,
          0.112086,
          0.113185
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.104,
        "volume": 0,
        "typical_volume": 36165.0,
        "trend": 0.113467,
        "fair_value": 0.108152,
        "relative_strength": -13.041241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.870636,
        "energy": 66.234524,
        "activity_lines": [
          0.105333,
          0.108073,
          0.111152,
          0.112557
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.09,
        "volume": 39100,
        "typical_volume": 35445.0,
        "trend": 0.1128,
        "fair_value": 0.107269,
        "relative_strength": -27.667966,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.013244,
        "energy": 84.970235,
        "activity_lines": [
          0.099667,
          0.1044,
          0.108919,
          0.111043
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.095,
        "volume": 2500,
        "typical_volume": 31970.0,
        "trend": 0.112267,
        "fair_value": 0.106589,
        "relative_strength": -24.10227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.396115,
        "energy": 84.841147,
        "activity_lines": [
          0.097,
          0.102127,
          0.107338,
          0.109895
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.095,
        "volume": 0,
        "typical_volume": 28265.0,
        "trend": 0.111833,
        "fair_value": 0.10591,
        "relative_strength": -25.031555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.291724,
        "energy": 83.768971,
        "activity_lines": [
          0.0952,
          0.1002,
          0.105862,
          0.108781
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.088,
        "volume": 24300,
        "typical_volume": 27365.0,
        "trend": 0.111,
        "fair_value": 0.104985,
        "relative_strength": -30.76755,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.936024,
        "energy": 91.684594,
        "activity_lines": [
          0.0926,
          0.097309,
          0.103824,
          0.107243
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.088,
        "volume": 8000,
        "typical_volume": 26080.0,
        "trend": 0.110167,
        "fair_value": 0.104232,
        "relative_strength": -31.33409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.981536,
        "energy": 88.926375,
        "activity_lines": [
          0.090467,
          0.094855,
          0.101881,
          0.105759
        ]
      }
    ],
    "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."
    }
  }
}