{
  "ticker": {
    "uuid": "dacc1885-d058-4f46-a802-71992d1ef947",
    "symbol": "BUOU",
    "name": "Frasers Logistics & Commercial Trust",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 48.326,
    "architecture_energy": 29.593,
    "architecture_maturity": 6.033,
    "architecture_confidence": 57.004,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 51.16,
        "rotation_up": 41.19,
        "upward_expansion": 71.98,
        "deceleration": 61.89,
        "rotation_down": 21.39,
        "downward_expansion": 3.31
      },
      "activity_lines": [
        0.978,
        0.975636,
        0.970511,
        0.961167
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 0.97,
    "trend_reference": 0.95748,
    "distance_from_trend": 0.013076,
    "trend_direction": "Improving",
    "fair_value": 0.891422,
    "distance_from_fair_value": 0.088149,
    "fair_value_direction": "Improving",
    "relative_strength": -12.999005,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.009639,
    "excess_performance": -0.164474,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.013076,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.01086,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.088149,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010473,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.12999,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.119545,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.009639,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.861671,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 59130600,
      "relative_activity": 1.243765,
      "balance": 1.861671,
      "dry_up": 1.199998,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.031316,
      "annualized_volatility": 0.165866,
      "from_high_reference": -0.04902,
      "from_low_reference": 0.185984
    },
    "levels": {
      "trend_reference": 0.95748,
      "fair_value_reference": 0.891422,
      "structural_low": 0.853374,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.00329,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.000312,
        "regime_survival": 0.714286,
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        "worst_return": -0.115044,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.213194,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "regime_survival": 0.25,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.13432,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
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        "regime": "downward_expansion",
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        "tenure": "Established",
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      },
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-04-10",
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      {
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "volume": 35810700,
        "typical_volume": 46931040.0,
        "trend": 0.957096,
        "fair_value": 0.892074,
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        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 7.712383,
        "energy": 7.9763,
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          0.968333,
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      },
      {
        "date": "2026-07-24",
        "close": 0.985,
        "volume": 53490400,
        "typical_volume": 45968660.0,
        "trend": 0.957766,
        "fair_value": 0.891773,
        "relative_strength": -10.307748,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.029997,
        "energy": 22.400898,
        "activity_lines": [
          0.973667,
          0.975091,
          0.964885,
          0.958321
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      },
      {
        "date": "2026-07-31",
        "close": 0.99,
        "volume": 79767800,
        "typical_volume": 46978345.0,
        "trend": 0.958118,
        "fair_value": 0.891609,
        "relative_strength": -10.331184,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.232726,
        "energy": 35.079516,
        "activity_lines": [
          0.979667,
          0.977273,
          0.968849,
          0.9604
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.97,
        "volume": 59130600,
        "typical_volume": 47541625.0,
        "trend": 0.95748,
        "fair_value": 0.891422,
        "relative_strength": -12.999005,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.326269,
        "energy": 29.593066,
        "activity_lines": [
          0.978,
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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."
    }
  }
}