{
  "ticker": {
    "uuid": "06719b02-f798-4ee4-833b-59f165dad92c",
    "symbol": "6208",
    "name": "Highlight Tech Corp.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 15.784,
    "architecture_energy": 17.789,
    "architecture_maturity": 59.908,
    "architecture_confidence": 85.829,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 60.8,
        "rotation_up": 18.11,
        "upward_expansion": 46.35,
        "deceleration": 86.22,
        "rotation_down": 31.02,
        "downward_expansion": 24.35
      },
      "activity_lines": [
        81.993333,
        85.381334,
        86.290762,
        79.99507
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 82.0,
    "trend_reference": 70.187365,
    "distance_from_trend": 0.168301,
    "trend_direction": "Improving",
    "fair_value": 55.950472,
    "distance_from_fair_value": 0.465582,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.287644,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.876369,
    "excess_performance": 0.434997,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.168301,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.27159,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.465582,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.360086,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.032876,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.350281,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.876369,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.827937,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1589831,
      "relative_activity": 0.23142,
      "balance": 0.827937,
      "dry_up": 0.323699,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.124972,
      "annualized_volatility": 0.73644,
      "from_high_reference": -0.229565,
      "from_low_reference": 1.081998
    },
    "levels": {
      "trend_reference": 70.187365,
      "fair_value_reference": 55.950472,
      "structural_low": 42.769524,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.039773,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.02873,
        "regime_survival": 0.545455,
        "best_return": 0.039211,
        "worst_return": -0.095331,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.045798,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.130303,
        "regime_survival": 0.2,
        "best_return": 0.001001,
        "worst_return": -0.14663,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.080399,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.159556,
        "regime_survival": 0.0,
        "best_return": 0.167728,
        "worst_return": -0.163653,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.027749,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.276906,
        "regime_survival": 0.333333,
        "best_return": 0.029685,
        "worst_return": -0.312312,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-17",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": -0.063752,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-19",
        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.060606,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-09-06",
        "tenure": "New",
        "return": 0.133404,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.077603,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-05-30",
        "tenure": "Extended",
        "return": -0.209898,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.090589,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.141071,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.065817,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.001208,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-01-02",
        "tenure": "New",
        "return": -0.037353,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-20",
        "tenure": "Developing",
        "return": 0.066079,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.101998,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-10",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": 0.542101,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "tenure": "New",
        "return": 0.006135,
        "active": true
      }
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      },
      {
        "date": "2026-07-24",
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        "energy": 26.404114,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 81.5,
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        "typical_volume": 6676652.7,
        "trend": 67.696572,
        "fair_value": 55.659044,
        "relative_strength": 8.87133,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 33.433866,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 81.5,
        "volume": 3191075,
        "typical_volume": 6807390.75,
        "trend": 68.93854,
        "fair_value": 55.803886,
        "relative_strength": 6.115137,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.856573,
        "energy": 21.443986,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 82.0,
        "volume": 1589831,
        "typical_volume": 6869905.55,
        "trend": 70.187365,
        "fair_value": 55.950472,
        "relative_strength": 3.287644,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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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."
    }
  }
}