{
  "ticker": {
    "uuid": "0950b30b-7a55-4f70-b19e-745151527f92",
    "symbol": "6240",
    "name": "Sung Gang Corp.Limited",
    "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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 83.484,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 42.988,
    "architecture_energy": 39.336,
    "architecture_maturity": 12.793,
    "architecture_confidence": 49.473,
    "architecture_tenure": "New",
    "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": 30.1,
        "rotation_up": 58.11,
        "upward_expansion": 53.6,
        "deceleration": 27.36,
        "rotation_down": 22.41,
        "downward_expansion": 16.6
      },
      "activity_lines": [
        19.17,
        18.775454,
        18.518571,
        18.516989
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 20.6,
    "trend_reference": 18.56,
    "distance_from_trend": 0.109914,
    "trend_direction": "Weakening",
    "fair_value": 20.658654,
    "distance_from_fair_value": -0.002839,
    "fair_value_direction": "Improving",
    "relative_strength": -22.498479,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.081365,
    "excess_performance": -0.360007,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.109914,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.007133,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.002839,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.151143,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.224985,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.163775,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081365,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.783017,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 107024,
      "relative_activity": 0.662467,
      "balance": 5.783017,
      "dry_up": 0.936869,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.070202,
      "annualized_volatility": 0.204161,
      "from_high_reference": -0.052874,
      "from_low_reference": 0.218935
    },
    "levels": {
      "trend_reference": 18.56,
      "fair_value_reference": 20.658654,
      "structural_low": 16.9,
      "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": 20,
        "median_return": -0.032552,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.059216,
        "regime_survival": 0.55,
        "best_return": 0.161725,
        "worst_return": -0.227907,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.018568,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.098388,
        "regime_survival": 0.272727,
        "best_return": 0.207547,
        "worst_return": -0.172093,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.020134,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.02947,
        "regime_survival": 0.285714,
        "best_return": 0.79661,
        "worst_return": -0.163972,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.054968,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.225004,
        "regime_survival": 0.5,
        "best_return": 0.210169,
        "worst_return": -0.161435,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-05",
        "end": "2024-01-19",
        "tenure": "New",
        "return": 0.14,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-01-26",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.077568,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-01",
        "end": "2024-03-15",
        "tenure": "New",
        "return": -0.013423,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.047727,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-05",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.066116,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.074236,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-03-14",
        "tenure": "Established",
        "return": 0.045673,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.044843,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.178977,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": -0.035088,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-26",
        "end": "2025-12-26",
        "tenure": "Established",
        "return": 0.060774,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-05-22",
        "tenure": "Established",
        "return": -0.080729,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-29",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.005587,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.092838,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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        "typical_volume": 554100.0,
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        "close": 18.5,
        "volume": 123001,
        "typical_volume": 181075.95,
        "trend": 18.82,
        "fair_value": 21.072436,
        "relative_strength": -37.998272,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.111414,
        "energy": 12.336937,
        "activity_lines": [
          18.756667,
          18.71,
          18.749048,
          18.785054
        ]
      },
      {
        "date": "2026-05-15",
        "close": 17.799999,
        "volume": 112399,
        "typical_volume": 185440.9,
        "trend": 18.775,
        "fair_value": 21.039744,
        "relative_strength": -38.875929,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.609577,
        "energy": 27.74206,
        "activity_lines": [
          18.43,
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          18.650952,
          18.719247
        ]
      },
      {
        "date": "2026-05-22",
        "close": 17.65,
        "volume": 43000,
        "typical_volume": 186488.4,
        "trend": 18.735,
        "fair_value": 21.004487,
        "relative_strength": -40.155418,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.098836,
        "energy": 42.706816,
        "activity_lines": [
          18.123333,
          18.368182,
          18.544048,
          18.646667
        ]
      },
      {
        "date": "2026-05-29",
        "close": 17.9,
        "volume": 1428000,
        "typical_volume": 256785.9,
        "trend": 18.706667,
        "fair_value": 20.972756,
        "relative_strength": -41.820082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.63293,
        "energy": 46.583709,
        "activity_lines": [
          17.973333,
          18.26,
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          18.592796
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.4,
        "volume": 101000,
        "typical_volume": 247735.9,
        "trend": 18.693333,
        "fair_value": 20.947115,
        "relative_strength": -39.692794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.014139,
        "energy": 42.080235,
        "activity_lines": [
          18.043333,
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          18.446429,
          18.573011
        ]
      },
      {
        "date": "2026-06-12",
        "close": 17.85,
        "volume": 66000,
        "typical_volume": 234835.9,
        "trend": 18.661667,
        "fair_value": 20.914744,
        "relative_strength": -39.411139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.982007,
        "energy": 38.715074,
        "activity_lines": [
          17.976667,
          18.163636,
          18.376905,
          18.518602
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      },
      {
        "date": "2026-06-19",
        "close": 18.450001,
        "volume": 58000,
        "typical_volume": 224135.9,
        "trend": 18.643334,
        "fair_value": 20.885897,
        "relative_strength": -39.586618,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.228248,
        "energy": 21.217344,
        "activity_lines": [
          18.153334,
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          18.504946
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      },
      {
        "date": "2026-06-26",
        "close": 18.049999,
        "volume": 48100,
        "typical_volume": 222240.9,
        "trend": 18.641667,
        "fair_value": 20.845833,
        "relative_strength": -37.432997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.254629,
        "energy": 17.085212,
        "activity_lines": [
          18.153333,
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          18.325714,
          18.466667
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.049999,
        "volume": 73000,
        "typical_volume": 223440.9,
        "trend": 18.613333,
        "fair_value": 20.804808,
        "relative_strength": -39.395407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.26222,
        "energy": 18.354198,
        "activity_lines": [
          18.126666,
          18.1,
          18.285476,
          18.428495
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.5,
        "volume": 40000,
        "typical_volume": 212340.2,
        "trend": 18.598333,
        "fair_value": 20.76859,
        "relative_strength": -34.795664,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.206425,
        "energy": 13.045262,
        "activity_lines": [
          18.24,
          18.159091,
          18.292857,
          18.421183
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.549999,
        "volume": 143056,
        "typical_volume": 216793.0,
        "trend": 18.593333,
        "fair_value": 20.746795,
        "relative_strength": -29.555272,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.128729,
        "energy": 11.310768,
        "activity_lines": [
          18.363333,
          18.238181,
          18.305476,
          18.418064
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.299999,
        "volume": 135000,
        "typical_volume": 220258.8,
        "trend": 18.571667,
        "fair_value": 20.720833,
        "relative_strength": -31.041334,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.757081,
        "energy": 11.952923,
        "activity_lines": [
          18.356666,
          18.270909,
          18.294524,
          18.39914
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.0,
        "volume": 81270,
        "typical_volume": 220957.3,
        "trend": 18.531667,
        "fair_value": 20.692949,
        "relative_strength": -30.215458,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.415344,
        "energy": 13.687312,
        "activity_lines": [
          18.259999,
          18.24,
          18.256904,
          18.362258
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.85,
        "volume": 282125,
        "typical_volume": 234308.3,
        "trend": 18.52,
        "fair_value": 20.671474,
        "relative_strength": -27.589484,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.54615,
        "energy": 5.813593,
        "activity_lines": [
          18.45,
          18.357272,
          18.304524,
          18.382796
        ]
      },
      {
        "date": "2026-08-14",
        "close": 20.6,
        "volume": 107024,
        "typical_volume": 161553.75,
        "trend": 18.56,
        "fair_value": 20.658654,
        "relative_strength": -22.498479,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 42.987922,
        "energy": 39.336376,
        "activity_lines": [
          19.17,
          18.775454,
          18.518571,
          18.516989
        ]
      }
    ],
    "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."
    }
  }
}