{
  "ticker": {
    "uuid": "f1030888-c37f-4744-8984-6fff2c5752ee",
    "symbol": "C07",
    "name": "Jardine Cycle & Carriage Limited",
    "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": 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -47.349,
    "architecture_energy": 38.77,
    "architecture_maturity": 82.139,
    "architecture_confidence": 93.689,
    "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": 23.63,
        "rotation_up": 27.53,
        "upward_expansion": 18.71,
        "deceleration": 47.0,
        "rotation_down": 38.64,
        "downward_expansion": 68.71
      },
      "activity_lines": [
        28.100001,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 28.290001,
    "trend_reference": 31.062089,
    "distance_from_trend": -0.089243,
    "trend_direction": "Weakening",
    "fair_value": 26.947797,
    "distance_from_fair_value": 0.049808,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.545345,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.130079,
    "excess_performance": -0.284915,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089243,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.048675,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.049808,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.134143,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.225453,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.217684,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.130079,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.190351,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 898600,
      "relative_activity": 1.019789,
      "balance": 0.190351,
      "dry_up": 1.340274,
      "accumulation_observations": 1,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.047914,
      "annualized_volatility": 0.224965,
      "from_high_reference": -0.200057,
      "from_low_reference": 0.134558
    },
    "levels": {
      "trend_reference": 31.062089,
      "fair_value_reference": 26.947797,
      "structural_low": 26.4,
      "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": 20,
        "median_return": 0.024533,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.01034,
        "regime_survival": 0.8,
        "best_return": 0.159196,
        "worst_return": -0.099491,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.001589,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
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        "regime_survival": 0.428571,
        "best_return": 0.20695,
        "worst_return": -0.053076,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.11719,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.021671,
        "regime_survival": 0.2,
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        "worst_return": -0.076977,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.103106,
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        "worst_return": 0.005273,
        "sufficient": false
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    ],
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        "regime": "balance",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
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        "return": 0.0,
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        "regime": "rotation_up",
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        "modifier": "Re-accelerating",
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        "direction": 46.844619,
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        "activity_lines": [
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      },
      {
        "date": "2026-04-17",
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        "typical_volume": 892295.0,
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        "fair_value": 27.003413,
        "relative_strength": 1.057389,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
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        "typical_volume": 1086483.0,
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        "modifier": "Structural failure",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -14.392717,
        "stage": 4,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-06-12",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 27.028955,
        "relative_strength": -21.025848,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 27.41,
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        "typical_volume": 830388.0,
        "trend": 31.901947,
        "fair_value": 27.012924,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -70.860203,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 27.360001,
        "volume": 919900,
        "typical_volume": 864818.0,
        "trend": 31.724094,
        "fair_value": 26.9918,
        "relative_strength": -22.913022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.31635,
        "energy": 87.945536,
        "activity_lines": [
          27.340667,
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      },
      {
        "date": "2026-07-17",
        "close": 27.120001,
        "volume": 1101000,
        "typical_volume": 867013.0,
        "trend": 31.554479,
        "fair_value": 26.976182,
        "relative_strength": -23.891458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.123864,
        "energy": 84.476873,
        "activity_lines": [
          27.211334,
          27.799329,
          29.464649,
          30.454875
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.950001,
        "volume": 1304800,
        "typical_volume": 859748.0,
        "trend": 31.368806,
        "fair_value": 26.956065,
        "relative_strength": -25.139366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.981561,
        "energy": 66.751362,
        "activity_lines": [
          27.124667,
          27.494182,
          29.105702,
          30.157812
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.4,
        "volume": 1419600,
        "typical_volume": 894013.0,
        "trend": 31.244989,
        "fair_value": 26.959437,
        "relative_strength": -18.729713,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.21161,
        "energy": 48.26738,
        "activity_lines": [
          27.886001,
          27.72691,
          29.009769,
          30.030792
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.290001,
        "volume": 898600,
        "typical_volume": 881163.0,
        "trend": 31.062089,
        "fair_value": 26.947797,
        "relative_strength": -22.545345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.349274,
        "energy": 38.769559,
        "activity_lines": [
          28.100001,
          27.798728,
          28.82182,
          29.840148
        ]
      }
    ],
    "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."
    }
  }
}