{ "ticker": { "uuid": "f3610e57-4cc4-4b92-92c7-a9e0ec2fe2db", "symbol": "QC7", "name": "Q & M Dental Group (Singapore) 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -19.875, "architecture_energy": 21.633, "architecture_maturity": 8.199, "architecture_confidence": 66.404, "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": 44.03, "rotation_up": 18.73, "upward_expansion": 15.27, "deceleration": 62.07, "rotation_down": 54.08, "downward_expansion": 42.6 }, "activity_lines": [ 0.552333, 0.555909, 0.569167, 0.566608 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 0.55, "trend_reference": 0.557707, "distance_from_trend": -0.013818, "trend_direction": "Improving", "fair_value": 0.355362, "distance_from_fair_value": 0.547717, "fair_value_direction": "Weakening", "relative_strength": -12.583772, "relative_strength_direction": "Weakening", "price_momentum": 0.076658, "excess_performance": -0.078177, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.013818, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.029027, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.547717, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.22287, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.125838, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.234831, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.076658, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.679754, "read": "Demand-led" } ], "volume": { "latest": 1718600, "relative_activity": 0.277384, "balance": 1.679754, "dry_up": 0.463782, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.051049, "annualized_volatility": 0.267919, "from_high_reference": -0.133858, "from_low_reference": 0.381091 }, "levels": { "trend_reference": 0.557707, "fair_value_reference": 0.355362, "structural_low": 0.500921, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.07377, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.115382, "regime_survival": 0.0, "best_return": -0.07377, "worst_return": -0.07377, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.016949, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.01275, "regime_survival": 0.0, "best_return": 0.016949, "worst_return": 0.016949, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.108396, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.195285, "regime_survival": 0.0, "best_return": -0.108396, "worst_return": -0.108396, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.426485, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.437086, "regime_survival": 0.0, "best_return": -0.426485, "worst_return": -0.426485, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-02-17", "end": "2023-05-05", "tenure": "Developing", "return": -0.07103, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-12", "end": "2023-07-07", "tenure": "Developing", "return": -0.016391, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-07-14", "end": "2023-07-21", "tenure": "New", "return": 0.068964, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-28", "end": "2024-01-05", "tenure": "Established", "return": -0.172855, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-07-05", "tenure": "Established", "return": 0.003015, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-11-29", "tenure": "Established", "return": -0.002737, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-02-07", "tenure": "Developing", "return": -0.017858, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": 0.09747, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-10-10", "tenure": "Extended", "return": 0.600124, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.106383, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-01-30", "tenure": "Established", "return": -0.037384, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": 0.086446, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-07-17", "tenure": "Established", "return": -0.035714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.017857, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.266674, "volume": 618100, "typical_volume": 1098305.0, "trend": 0.289167, "fair_value": 0.393192, "relative_strength": -8.677487, "stage": 4, "regime": "downward_expansion", "modifier": "Early 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"close": 0.54, "volume": 4393000, "typical_volume": 6891610.0, "trend": 0.555275, "fair_value": 0.350024, "relative_strength": -11.04061, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.761858, "energy": 38.393489, "activity_lines": [ 0.551, 0.566364, 0.574313, 0.56685 ] }, { "date": "2026-07-24", "close": 0.56, "volume": 3879900, "typical_volume": 6878875.0, "trend": 0.556583, "fair_value": 0.351786, "relative_strength": -9.137228, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.342025, "energy": 34.675047, "activity_lines": [ 0.552333, 0.563364, 0.573214, 0.567155 ] }, { "date": "2026-07-31", "close": 0.555, "volume": 1502400, "typical_volume": 6505385.0, "trend": 0.556897, "fair_value": 0.353546, "relative_strength": -10.6889, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.855629, "energy": 31.44052, "activity_lines": [ 0.553, 0.559727, 0.571429, 0.567053 ] }, { "date": "2026-08-07", "close": 0.55, "volume": 1718600, "typical_volume": 6195740.0, "trend": 0.557707, "fair_value": 0.355362, "relative_strength": -12.583772, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.874745, "energy": 21.63283, "activity_lines": [ 0.552333, 0.555909, 0.569167, 0.566608 ] } ], "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." } } }