{
  "ticker": {
    "uuid": "d8b90ac0-2f95-409d-8dc5-4aa92fd56ec6",
    "symbol": "CC3",
    "name": "StarHub 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 61.059,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 40.748,
    "architecture_energy": 52.009,
    "architecture_maturity": 7.238,
    "architecture_confidence": 48.79,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 26.07,
        "rotation_up": 60.15,
        "upward_expansion": 55.74,
        "deceleration": 28.34,
        "rotation_down": 24.18,
        "downward_expansion": 23.4
      },
      "activity_lines": [
        1.062,
        1.049818,
        1.037329,
        1.032351
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 1.08,
    "trend_reference": 1.03799,
    "distance_from_trend": 0.040472,
    "trend_direction": "Weakening",
    "fair_value": 1.062999,
    "distance_from_fair_value": 0.015994,
    "fair_value_direction": "Improving",
    "relative_strength": -15.167032,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.065744,
    "excess_performance": -0.220579,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.040472,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.020288,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.015994,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.053559,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.15167,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004672,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.065744,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.046967,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5189900,
      "relative_activity": 0.958183,
      "balance": 2.046967,
      "dry_up": 1.589789,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02849,
      "annualized_volatility": 0.185595,
      "from_high_reference": -0.088718,
      "from_low_reference": 0.111764
    },
    "levels": {
      "trend_reference": 1.03799,
      "fair_value_reference": 1.062999,
      "structural_low": 0.971429,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.036621,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.032673,
        "regime_survival": 0.0,
        "best_return": 0.023923,
        "worst_return": -0.056911,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.003975,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.010159,
        "regime_survival": 0.0,
        "best_return": 0.08829,
        "worst_return": -0.054795,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.064077,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.08461,
        "regime_survival": 0.0,
        "best_return": 0.123972,
        "worst_return": -0.030137,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.131124,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.031414,
        "regime_survival": 0.0,
        "best_return": 0.308823,
        "worst_return": -0.046575,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-02-28",
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        "return": -0.04,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.01869,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.033899,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": 0.035398,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "balance",
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      {
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        "active": true
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    ],
    "chart_path": [
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      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-04-24",
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      },
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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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      },
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        "date": "2026-05-22",
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      },
      {
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "regime": "balance",
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          1.030241
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 1.057932,
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      },
      {
        "date": "2026-07-10",
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        "volume": 3717700,
        "typical_volume": 6840590.0,
        "trend": 1.043686,
        "fair_value": 1.058877,
        "relative_strength": -18.160757,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 16.764368,
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          1.036667,
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          1.028684
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      },
      {
        "date": "2026-07-17",
        "close": 1.02,
        "volume": 3317100,
        "typical_volume": 5549550.0,
        "trend": 1.041419,
        "fair_value": 1.059867,
        "relative_strength": -18.93313,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.437582,
        "energy": 11.069482,
        "activity_lines": [
          1.031333,
          1.029818,
          1.023518,
          1.027156
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.02,
        "volume": 3801600,
        "typical_volume": 4866435.0,
        "trend": 1.039152,
        "fair_value": 1.060748,
        "relative_strength": -19.463143,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.852699,
        "energy": 13.952522,
        "activity_lines": [
          1.026,
          1.028727,
          1.023974,
          1.025774
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.1,
        "volume": 22135100,
        "typical_volume": 5449660.0,
        "trend": 1.038905,
        "fair_value": 1.061924,
        "relative_strength": -13.141391,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.119317,
        "energy": 34.581691,
        "activity_lines": [
          1.049333,
          1.041818,
          1.03191,
          1.0297
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.08,
        "volume": 5189900,
        "typical_volume": 5416395.0,
        "trend": 1.03799,
        "fair_value": 1.062999,
        "relative_strength": -15.167032,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.747911,
        "energy": 52.008843,
        "activity_lines": [
          1.062,
          1.049818,
          1.037329,
          1.032351
        ]
      }
    ],
    "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."
    }
  }
}