{
  "ticker": {
    "uuid": "d5e455ba-9f5b-418d-a5fa-38c421a32846",
    "symbol": "3591",
    "name": "Wacoal Holdings Corp.",
    "exchange": "JPX",
    "country": "JP",
    "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": "2026-09-04",
    "benchmark": "^N225",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 75.688,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -48.172,
    "architecture_energy": 58.22,
    "architecture_maturity": 8.812,
    "architecture_confidence": 72.266,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 27.87,
        "rotation_up": 17.89,
        "upward_expansion": 19.56,
        "deceleration": 43.49,
        "rotation_down": 69.59,
        "downward_expansion": 61.23
      },
      "activity_lines": [
        4249.866667,
        4318.581818,
        4385.714286,
        4394.819542
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 4128.0,
    "trend_reference": 4392.202856,
    "distance_from_trend": -0.060153,
    "trend_direction": "Weakening",
    "fair_value": 4366.056221,
    "distance_from_fair_value": -0.054524,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.723817,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.045245,
    "excess_performance": -0.214248,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.060153,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.003142,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.054524,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.112311,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.237238,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.081428,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.045245,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.707581,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 523500,
      "relative_activity": 1.074133,
      "balance": 0.707581,
      "dry_up": 1.064335,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042598,
      "annualized_volatility": 0.248524,
      "from_high_reference": -0.292413,
      "from_low_reference": 0.059548
    },
    "levels": {
      "trend_reference": 4392.202856,
      "fair_value_reference": 4366.056221,
      "structural_low": 3896.0,
      "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": 3,
        "median_return": -0.015632,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.105093,
        "regime_survival": 0.333333,
        "best_return": -0.006027,
        "worst_return": -0.112916,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.113439,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.217841,
        "regime_survival": 0.0,
        "best_return": -0.109152,
        "worst_return": -0.117725,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.12449,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.254713,
        "regime_survival": 0.0,
        "best_return": -0.102165,
        "worst_return": -0.146816,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.010782,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.046969,
        "regime_survival": 0.0,
        "best_return": -0.010782,
        "worst_return": -0.010782,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.06909,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.108431,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": 0.199411,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": -0.001159,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": -0.052315,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.058786,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.083714,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
        "start": "2025-08-01",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.069856,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.011128,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.053502,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-21",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.112916,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": 0.085144,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-08-21",
        "tenure": "Established",
        "return": -0.079221,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-28",
        "end": "2026-09-04",
        "tenure": "New",
        "return": -0.040892,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-09-15",
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        "typical_volume": 759430.0,
        "trend": 2631.882918,
        "fair_value": 2099.819506,
        "relative_strength": 10.713754,
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      },
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      },
      {
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      },
      {
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      },
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      },
      {
        "date": "2026-08-14",
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        "volume": 730000,
        "typical_volume": 482045.0,
        "trend": 4405.978882,
        "fair_value": 4341.805487,
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        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 18.747017,
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      },
      {
        "date": "2026-08-21",
        "close": 4254.0,
        "volume": 444700,
        "typical_volume": 485720.0,
        "trend": 4403.954484,
        "fair_value": 4350.553644,
        "relative_strength": -24.827783,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -25.877563,
        "energy": 34.301048,
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      },
      {
        "date": "2026-08-28",
        "close": 4304.0,
        "volume": 376700,
        "typical_volume": 480060.0,
        "trend": 4403.95896,
        "fair_value": 4358.940776,
        "relative_strength": -23.347286,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.417041,
        "energy": 36.090798,
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          4324.133333,
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          4417.528571,
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      },
      {
        "date": "2026-09-04",
        "close": 4128.0,
        "volume": 523500,
        "typical_volume": 487370.0,
        "trend": 4392.202856,
        "fair_value": 4366.056221,
        "relative_strength": -23.723817,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.172433,
        "energy": 58.219996,
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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."
    }
  }
}