{
  "ticker": {
    "uuid": "d978e5a1-c87e-4b1a-a6df-c52baaee11f3",
    "symbol": "HOVR",
    "name": "New Horizon Aircraft Ltd",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 81.904,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -15.795,
    "architecture_energy": 19.53,
    "architecture_maturity": 6.581,
    "architecture_confidence": 72.342,
    "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": 48.19,
        "rotation_up": 19.49,
        "upward_expansion": 15.24,
        "deceleration": 59.71,
        "rotation_down": 51.63,
        "downward_expansion": 42.57
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
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    "latest_close": 2.01,
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    "distance_from_trend": 0.007266,
    "trend_direction": "Improving",
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    "relative_strength_direction": "Weakening",
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        "read": "Above"
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        "label": "Trend direction",
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.353195,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.120743,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
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        "read": "Weakening"
      },
      {
        "label": "Price momentum",
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        "value": 0.086486,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.485223,
        "read": "Supply-led"
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      "accumulation_observations": 1,
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "regime": "deceleration",
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        "end": "2026-01-02",
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 41.120401,
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      },
      {
        "date": "2026-05-15",
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        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "direction": 31.993948,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "modifier": "Value reclamation",
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      {
        "date": "2026-05-29",
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 7775941.1,
        "trend": 1.944167,
        "fair_value": 1.407342,
        "relative_strength": -1.038918,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.893293,
        "energy": 54.362331,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 7812471.85,
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        "relative_strength": -5.974872,
        "stage": 3,
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        "modifier": "Early expansion",
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        "direction": 55.727377,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 7721684.05,
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        "relative_strength": -6.481903,
        "stage": 3,
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        "modifier": "Early expansion",
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        "direction": 38.950574,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 7115408,
        "typical_volume": 7878891.1,
        "trend": 1.992833,
        "fair_value": 1.423733,
        "relative_strength": -15.505695,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.490431,
        "energy": 18.779794,
        "activity_lines": [
          2.163,
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          2.09172
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      },
      {
        "date": "2026-07-03",
        "close": 1.94,
        "volume": 2894059,
        "typical_volume": 7921568.25,
        "trend": 1.9985,
        "fair_value": 1.427735,
        "relative_strength": -14.844954,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.283927,
        "energy": 19.214554,
        "activity_lines": [
          2.042667,
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          2.163071,
          2.088312
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      },
      {
        "date": "2026-07-10",
        "close": 1.76,
        "volume": 5302695,
        "typical_volume": 8113273.15,
        "trend": 1.9995,
        "fair_value": 1.430291,
        "relative_strength": -23.962815,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -10.14017,
        "energy": 18.637732,
        "activity_lines": [
          1.928,
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          2.135381,
          2.072925
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      },
      {
        "date": "2026-07-17",
        "close": 1.57,
        "volume": 7876720,
        "typical_volume": 8380072.2,
        "trend": 1.9955,
        "fair_value": 1.431357,
        "relative_strength": -28.861293,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.887127,
        "energy": 28.676963,
        "activity_lines": [
          1.783333,
          2.018273,
          2.090167,
          2.045215
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.78,
        "volume": 9024633,
        "typical_volume": 8632183.7,
        "trend": 2.002833,
        "fair_value": 1.433998,
        "relative_strength": -17.894671,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.455806,
        "energy": 28.38665,
        "activity_lines": [
          1.75,
          1.939636,
          2.066714,
          2.031312
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.72,
        "volume": 4491152,
        "typical_volume": 8770968.7,
        "trend": 2.005833,
        "fair_value": 1.436149,
        "relative_strength": -21.069503,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.920643,
        "energy": 31.606896,
        "activity_lines": [
          1.726,
          1.857909,
          2.038214,
          2.013065
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.01,
        "volume": 8781039,
        "typical_volume": 9105580.7,
        "trend": 1.9955,
        "fair_value": 1.440431,
        "relative_strength": -12.074321,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -15.794612,
        "energy": 19.529608,
        "activity_lines": [
          1.811333,
          1.854727,
          2.03781,
          2.013333
        ]
      }
    ],
    "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."
    }
  }
}