{
  "ticker": {
    "uuid": "ee00f8c5-09df-43a7-ac87-d0d32dce501f",
    "symbol": "ANIKINDS",
    "name": "Anik Industries Limited",
    "exchange": "NSI",
    "country": "IN",
    "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": "^NSEI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -38.597,
    "architecture_energy": 29.658,
    "architecture_maturity": 25.788,
    "architecture_confidence": 75.675,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 45.86,
        "rotation_up": 11.25,
        "upward_expansion": 11.48,
        "deceleration": 50.32,
        "rotation_down": 57.09,
        "downward_expansion": 68.15
      },
      "activity_lines": [
        42.287334,
        43.242728,
        43.682476,
        43.518624
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 43.0,
    "trend_reference": 43.983,
    "distance_from_trend": -0.02235,
    "trend_direction": "Weakening",
    "fair_value": 68.169616,
    "distance_from_fair_value": -0.36922,
    "fair_value_direction": "Weakening",
    "relative_strength": -20.978973,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.134112,
    "excess_performance": -0.090403,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.02235,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.109896,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.36922,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.067272,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.20979,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.099702,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.134112,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.770764,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 17016,
      "relative_activity": 0.33228,
      "balance": 0.770764,
      "dry_up": 0.569207,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.090877,
      "annualized_volatility": 0.415049,
      "from_high_reference": -0.564997,
      "from_low_reference": 0.323077
    },
    "levels": {
      "trend_reference": 43.983,
      "fair_value_reference": 68.169616,
      "structural_low": 32.5,
      "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": 11,
        "median_return": 0.041958,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.028331,
        "regime_survival": 0.636364,
        "best_return": 0.491611,
        "worst_return": -0.142429,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.187143,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.150328,
        "regime_survival": 0.2,
        "best_return": 0.675158,
        "worst_return": -0.39083,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.380885,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.252971,
        "regime_survival": 0.0,
        "best_return": 1.245053,
        "worst_return": -0.512441,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.264188,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.103712,
        "regime_survival": 0.333333,
        "best_return": 1.354947,
        "worst_return": -0.575063,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-11-10",
        "end": "2023-12-29",
        "tenure": "Developing",
        "return": 0.164109,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-05",
        "end": "2024-03-22",
        "tenure": "Developing",
        "return": -0.135242,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-29",
        "end": "2024-04-26",
        "tenure": "Developing",
        "return": 0.285041,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-03",
        "end": "2024-05-24",
        "tenure": "New",
        "return": -0.063148,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-31",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": 0.338105,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-10-11",
        "tenure": "Established",
        "return": 0.08388,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-18",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.165859,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-08",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.035432,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": 0.300042,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-11",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.002946,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.102414,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.027781,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-29",
        "end": "2026-05-15",
        "tenure": "Extended",
        "return": -0.527044,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.012175,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 343039.3,
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      },
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      },
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        "date": "2026-04-24",
        "close": 43.25,
        "volume": 24308,
        "typical_volume": 194555.7,
        "trend": 54.124334,
        "fair_value": 67.092564,
        "relative_strength": -37.78734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.747881,
        "energy": 28.889357,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 154561.6,
        "trend": 53.413667,
        "fair_value": 67.164744,
        "relative_strength": -34.946406,
        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 24.627276,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 46.950001,
        "volume": 43018,
        "typical_volume": 128482.95,
        "trend": 52.704334,
        "fair_value": 67.258654,
        "relative_strength": -30.94919,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 21.358061,
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      },
      {
        "date": "2026-05-15",
        "close": 44.07,
        "volume": 28806,
        "typical_volume": 124742.65,
        "trend": 51.490667,
        "fair_value": 67.339552,
        "relative_strength": -32.543648,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.818632,
        "energy": 17.809763,
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          44.865334,
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          43.452858,
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      },
      {
        "date": "2026-05-22",
        "close": 43.529999,
        "volume": 16033,
        "typical_volume": 120086.8,
        "trend": 50.444667,
        "fair_value": 67.415064,
        "relative_strength": -32.369567,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.536085,
        "energy": 12.156778,
        "activity_lines": [
          44.483333,
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          45.476194
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      },
      {
        "date": "2026-05-29",
        "close": 44.470001,
        "volume": 18183,
        "typical_volume": 114230.25,
        "trend": 49.413334,
        "fair_value": 67.49468,
        "relative_strength": -29.083537,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.884828,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 44.0,
        "volume": 4577,
        "typical_volume": 97010.85,
        "trend": 48.383,
        "fair_value": 67.565513,
        "relative_strength": -27.962812,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.952522,
        "energy": 10.260178,
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      },
      {
        "date": "2026-06-12",
        "close": 42.98,
        "volume": 1730,
        "typical_volume": 76650.65,
        "trend": 47.377667,
        "fair_value": 67.636218,
        "relative_strength": -29.085308,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 67.821218,
        "relative_strength": -23.425357,
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        "modifier": "Balance after decline",
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        "energy": 7.303714,
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      },
      {
        "date": "2026-07-03",
        "close": 44.779999,
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        "trend": 45.553667,
        "fair_value": 67.909872,
        "relative_strength": -24.036941,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -12.083514,
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          45.062666,
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      },
      {
        "date": "2026-07-10",
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        "volume": 15035,
        "typical_volume": 64637.65,
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        "fair_value": 67.996987,
        "relative_strength": -21.537974,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 15.469569,
        "activity_lines": [
          45.231333,
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      },
      {
        "date": "2026-07-17",
        "close": 43.299999,
        "volume": 47122,
        "typical_volume": 65851.9,
        "trend": 44.867,
        "fair_value": 68.076795,
        "relative_strength": -23.964825,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.482818,
        "energy": 8.596097,
        "activity_lines": [
          44.650666,
          44.597272,
          44.049952,
          44.063613
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.700001,
        "volume": 20234,
        "typical_volume": 64153.05,
        "trend": 44.479667,
        "fair_value": 68.138975,
        "relative_strength": -25.500071,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.937159,
        "energy": 20.572866,
        "activity_lines": [
          43.182,
          43.914,
          43.826,
          43.794774
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.330002,
        "volume": 32224,
        "typical_volume": 58429.9,
        "trend": 44.130667,
        "fair_value": 68.140769,
        "relative_strength": -24.874033,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.397559,
        "energy": 30.72467,
        "activity_lines": [
          42.314001,
          43.406546,
          43.678095,
          43.59157
        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.0,
        "volume": 17016,
        "typical_volume": 51209.85,
        "trend": 43.983,
        "fair_value": 68.169616,
        "relative_strength": -20.978973,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.596522,
        "energy": 29.657593,
        "activity_lines": [
          42.287334,
          43.242728,
          43.682476,
          43.518624
        ]
      }
    ],
    "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."
    }
  }
}