{ "ticker": { "uuid": "04aef3b8-ab88-4f08-b173-cbcea2cd4ccb", "symbol": "8403", "name": "ShareHope Medicine Co., Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "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": -64.697, "architecture_energy": 59.158, "architecture_maturity": 100.0, "architecture_confidence": 94.985, "architecture_tenure": "Extended", "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": 5.93, "rotation_up": 28.77, "upward_expansion": 10.91, "deceleration": 57.45, "rotation_down": 54.76, "downward_expansion": 86.57 }, "activity_lines": [ 19.076667, 19.167273, 19.550238, 20.214839 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 19.200001, "trend_reference": 21.191667, "distance_from_trend": -0.093983, "trend_direction": "Weakening", "fair_value": 26.033825, "distance_from_fair_value": -0.262498, "fair_value_direction": "Improving", "relative_strength": -40.843061, "relative_strength_direction": "Improving", "price_momentum": -0.184713, "excess_performance": -0.626085, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.093983, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064867, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.262498, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.009377, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.408431, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.050962, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.184713, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.685953, "read": "Supply-led" } ], "volume": { "latest": 758737, "relative_activity": 0.891904, "balance": 0.685953, "dry_up": 0.688748, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029647, "annualized_volatility": 0.13763, "from_high_reference": -0.267176, "from_low_reference": 0.021277 }, "levels": { "trend_reference": 21.191667, "fair_value_reference": 26.033825, 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-66.676927, "energy": 63.267775, "activity_lines": [ 19.319999, 19.414545, 20.125476, 20.854409 ] }, { "date": "2026-07-24", "close": 19.299999, "volume": 419781, "typical_volume": 871491.5, "trend": 21.63, "fair_value": 26.28681, "relative_strength": -40.775553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.879388, "energy": 58.435208, "activity_lines": [ 19.316666, 19.376363, 19.976667, 20.695376 ] }, { "date": "2026-07-31", "close": 18.950001, "volume": 774811, "typical_volume": 860396.15, "trend": 21.483333, "fair_value": 26.198071, "relative_strength": -40.141011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.914432, "energy": 62.201002, "activity_lines": [ 19.2, 19.281818, 19.812381, 20.522473 ] }, { "date": "2026-08-07", "close": 18.85, "volume": 390324, "typical_volume": 848043.2, "trend": 21.335, "fair_value": 26.112959, "relative_strength": -40.85575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.705563, "energy": 62.266502, "activity_lines": [ 19.056667, 19.187272, 19.655714, 20.352581 ] }, { "date": "2026-08-14", "close": 19.200001, "volume": 758737, "typical_volume": 850693.3, "trend": 21.191667, "fair_value": 26.033825, "relative_strength": -40.843061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.69659, "energy": 59.158314, "activity_lines": [ 19.076667, 19.167273, 19.550238, 20.214839 ] } ], "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." } } }