{
  "ticker": {
    "uuid": "08270616-cf8c-4bac-8a00-6e9706a6992a",
    "symbol": "6662",
    "name": "BioLASCO Taiwan 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 53.153,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 46.097,
    "architecture_energy": 35.285,
    "architecture_maturity": 16.435,
    "architecture_confidence": 72.369,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 40.92,
        "rotation_up": 50.25,
        "upward_expansion": 77.31,
        "deceleration": 52.62,
        "rotation_down": 17.14,
        "downward_expansion": 8.64
      },
      "activity_lines": [
        28.817936,
        28.655988,
        28.434203,
        28.366447
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 28.5,
    "trend_reference": 28.34574,
    "distance_from_trend": 0.005442,
    "trend_direction": "Weakening",
    "fair_value": 30.296918,
    "distance_from_fair_value": -0.05931,
    "fair_value_direction": "Improving",
    "relative_strength": -31.361693,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.006428,
    "excess_performance": -0.434944,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.005442,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011438,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.05931,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.011225,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.313617,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06272,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.006428,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.849952,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 21000,
      "relative_activity": 0.516187,
      "balance": 0.849952,
      "dry_up": 1.287388,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.053141,
      "annualized_volatility": 0.185769,
      "from_high_reference": -0.129221,
      "from_low_reference": 0.072924
    },
    "levels": {
      "trend_reference": 28.34574,
      "fair_value_reference": 30.296918,
      "structural_low": 26.562914,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.001518,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.010265,
        "regime_survival": 0.714286,
        "best_return": 0.066385,
        "worst_return": -0.021024,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.009313,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.101461,
        "regime_survival": 0.4,
        "best_return": 0.064516,
        "worst_return": -0.057522,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.007901,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.064912,
        "regime_survival": 0.0,
        "best_return": 0.048387,
        "worst_return": -0.036521,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.02865,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.005254,
        "regime_survival": 0.333333,
        "best_return": 0.162021,
        "worst_return": -0.074662,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-21",
        "end": "2023-11-10",
        "tenure": "Established",
        "return": 0.025861,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-17",
        "end": "2023-12-22",
        "tenure": "Developing",
        "return": 0.010869,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-29",
        "end": "2024-03-29",
        "tenure": "Established",
        "return": 0.081325,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-05",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": -0.008141,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-21",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.0216,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-30",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": -0.027778,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": -0.005831,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.040229,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.021148,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.011041,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.001603,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-06-19",
        "tenure": "Extended",
        "return": -0.006667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": 0.004745,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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        "typical_volume": 119100.0,
        "trend": 25.774404,
        "fair_value": 24.838687,
        "relative_strength": -0.322193,
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      },
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      },
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      },
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        "trend": 29.236598,
        "fair_value": 30.050345,
        "relative_strength": -36.568769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.132655,
        "energy": 16.446872,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "energy": 13.122969,
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        ]
      },
      {
        "date": "2026-05-08",
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        "fair_value": 30.094916,
        "relative_strength": -39.064425,
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        ]
      },
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        "date": "2026-05-15",
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        "typical_volume": 56204.1,
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        "energy": 14.630297,
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      },
      {
        "date": "2026-05-22",
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        "fair_value": 30.122624,
        "relative_strength": -39.299917,
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        "energy": 22.012728,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 57461.1,
        "trend": 28.749612,
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        "relative_strength": -42.786204,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.854511,
        "energy": 39.438006,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 27.985928,
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        "typical_volume": 56612.6,
        "trend": 28.673718,
        "fair_value": 30.150477,
        "relative_strength": -40.563911,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 35.345599,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 55651.85,
        "trend": 28.637352,
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        "relative_strength": -37.008344,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.744878,
        "energy": 20.683422,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 19010,
        "typical_volume": 50648.8,
        "trend": 28.59308,
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        "relative_strength": -40.045764,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.484831,
        "energy": 13.339926,
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 30.205263,
        "relative_strength": -36.340409,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 11.971877,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -39.862795,
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        "regime": "balance",
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        "direction": -31.277259,
        "energy": 13.434603,
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          28.234828
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      },
      {
        "date": "2026-07-10",
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        "volume": 10002,
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        "fair_value": 30.231909,
        "relative_strength": -36.616138,
        "stage": 4,
        "regime": "balance",
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        "energy": 12.448433,
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      },
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        "typical_volume": 43117.15,
        "trend": 28.404926,
        "fair_value": 30.251202,
        "relative_strength": -29.108353,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.845493,
        "energy": 3.91472,
        "activity_lines": [
          28.289504,
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      },
      {
        "date": "2026-07-24",
        "close": 29.219206,
        "volume": 32021,
        "typical_volume": 41118.2,
        "trend": 28.378047,
        "fair_value": 30.269931,
        "relative_strength": -29.110242,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.224569,
        "energy": 15.6411,
        "activity_lines": [
          28.618378,
          28.392996,
          28.268724,
          28.277467
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.598677,
        "volume": 35058,
        "typical_volume": 39918.6,
        "trend": 28.385953,
        "fair_value": 30.285517,
        "relative_strength": -26.36096,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.638045,
        "energy": 34.639966,
        "activity_lines": [
          29.010498,
          28.651726,
          28.40199,
          28.356217
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.4,
        "volume": 121420,
        "typical_volume": 41239.4,
        "trend": 28.355484,
        "fair_value": 30.290498,
        "relative_strength": -30.140231,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.453706,
        "energy": 39.20027,
        "activity_lines": [
          28.920839,
          28.656292,
          28.415224,
          28.357124
        ]
      },
      {
        "date": "2026-08-14",
        "close": 28.5,
        "volume": 21000,
        "typical_volume": 40682.95,
        "trend": 28.34574,
        "fair_value": 30.296918,
        "relative_strength": -31.361693,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.09677,
        "energy": 35.285119,
        "activity_lines": [
          28.817936,
          28.655988,
          28.434203,
          28.366447
        ]
      }
    ],
    "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."
    }
  }
}