{
  "ticker": {
    "uuid": "f0ecbea4-8208-433d-9acf-566345cb6935",
    "symbol": "9003",
    "name": "Sotetsu Holdings, Inc.",
    "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": "2026-08-21",
    "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": 94.683,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -14.95,
    "architecture_energy": 9.914,
    "architecture_maturity": 66.81,
    "architecture_confidence": 48.179,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 54.73,
        "rotation_up": 26.87,
        "upward_expansion": 26.14,
        "deceleration": 49.89,
        "rotation_down": 24.72,
        "downward_expansion": 50.47
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 2635.0,
    "trend_reference": 2679.88737,
    "distance_from_trend": -0.01675,
    "trend_direction": "Weakening",
    "fair_value": 2477.868332,
    "distance_from_fair_value": 0.063414,
    "fair_value_direction": "Improving",
    "relative_strength": -17.851652,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.082012,
    "excess_performance": -0.243746,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.01675,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.02768,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.063414,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.026237,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.178517,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.063344,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.082012,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.121033,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1256300,
      "relative_activity": 1.282259,
      "balance": 1.121033,
      "dry_up": 1.726044,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.044169,
      "annualized_volatility": 0.261733,
      "from_high_reference": -0.167982,
      "from_low_reference": 0.113223
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    "levels": {
      "trend_reference": 2679.88737,
      "fair_value_reference": 2477.868332,
      "structural_low": 2367.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.004446,
        "positive_rate": 0.55,
        "directional_follow_through": 0.45,
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        "regime_survival": 0.75,
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        "worst_return": -0.055682,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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      {
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        "date": "2026-04-10",
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      },
      {
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      {
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      {
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-17",
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      {
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
        "close": 2472.5,
        "volume": 2074100,
        "typical_volume": 1137910.0,
        "trend": 2695.781559,
        "fair_value": 2477.935281,
        "relative_strength": -23.616543,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.308363,
        "energy": 25.813618,
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      },
      {
        "date": "2026-08-14",
        "close": 2518.0,
        "volume": 1105700,
        "typical_volume": 1038870.0,
        "trend": 2685.711816,
        "fair_value": 2477.53876,
        "relative_strength": -25.136997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.158154,
        "energy": 20.931487,
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      },
      {
        "date": "2026-08-21",
        "close": 2635.0,
        "volume": 1256300,
        "typical_volume": 979755.0,
        "trend": 2679.88737,
        "fair_value": 2477.868332,
        "relative_strength": -17.851652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.950373,
        "energy": 9.913734,
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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."
    }
  }
}