{ "ticker": { "uuid": "0c147dfe-0204-4df9-a1d4-465c7e492b68", "symbol": "3130", "name": "104 Corporation", "exchange": "TAI", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 61.31, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -10.329, "architecture_energy": 5.365, "architecture_maturity": 24.836, "architecture_confidence": 46.89, "architecture_tenure": "New", "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": 58.46, "rotation_up": 23.35, "upward_expansion": 13.79, "deceleration": 40.57, "rotation_down": 32.59, "downward_expansion": 63.79 }, "activity_lines": [ 206.233333, 205.956401, 206.320262, 206.608938 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 211.0, "trend_reference": 207.079839, "distance_from_trend": 0.018931, "trend_direction": "Weakening", "fair_value": 196.776028, "distance_from_fair_value": 0.072285, "fair_value_direction": "Weakening", "relative_strength": -28.409724, "relative_strength_direction": "Improving", "price_momentum": 0.011363, "excess_performance": -0.430009, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018931, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.005424, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.072285, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001326, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.284097, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048822, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011363, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.402252, "read": "Demand-led" } ], "volume": { "latest": 591815, "relative_activity": 2.515522, "balance": 1.402252, "dry_up": 1.942293, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.017705, "annualized_volatility": 0.071016, "from_high_reference": -0.038129, "from_low_reference": 0.041975 }, "levels": { "trend_reference": 207.079839, "fair_value_reference": 196.776028, 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196542.5, "trend": 207.359437, "fair_value": 196.031302, "relative_strength": -29.367584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.884506, "energy": 44.933616, "activity_lines": [ 205.327132, 206.157811, 206.503511, 206.868066 ] }, { "date": "2026-07-31", "close": 203.0, "volume": 309514, "typical_volume": 205690.95, "trend": 207.171794, "fair_value": 196.265804, "relative_strength": -28.669787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.523898, "energy": 57.056539, "activity_lines": [ 204.496899, 205.521461, 206.148796, 206.586812 ] }, { "date": "2026-08-07", "close": 203.5, "volume": 212220, "typical_volume": 210779.85, "trend": 206.985259, "fair_value": 196.498205, "relative_strength": -29.410164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.250556, "energy": 58.127714, "activity_lines": [ 204.021928, 205.035941, 205.866285, 206.349922 ] }, { "date": "2026-08-14", "close": 211.0, "volume": 591815, "typical_volume": 235265.3, "trend": 207.079839, "fair_value": 196.776028, "relative_strength": -28.409724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.329167, "energy": 5.365181, "activity_lines": [ 206.233333, 205.956401, 206.320262, 206.608938 ] } ], "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." } } }