{
  "ticker": {
    "uuid": "0c9428ec-7bb8-4fdf-9fe3-468a7d06d52a",
    "symbol": "3587",
    "name": "Materials Analysis Technology Inc.",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 52.226,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -21.952,
    "architecture_energy": 45.943,
    "architecture_maturity": 8.893,
    "architecture_confidence": 74.57,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 39.33,
        "rotation_up": 15.77,
        "upward_expansion": 24.38,
        "deceleration": 51.1,
        "rotation_down": 59.67,
        "downward_expansion": 49.38
      },
      "activity_lines": [
        242.132616,
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        277.488327,
        275.017787
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 246.0,
    "trend_reference": 262.027805,
    "distance_from_trend": -0.061168,
    "trend_direction": "Improving",
    "fair_value": 226.93312,
    "distance_from_fair_value": 0.08402,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.542985,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.171331,
    "excess_performance": -0.270041,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.061168,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.105754,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.08402,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.49192,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.22543,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.396032,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.171331,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.304013,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2967887,
      "relative_activity": 0.323235,
      "balance": 0.304013,
      "dry_up": 0.352268,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.152032,
      "annualized_volatility": 0.806583,
      "from_high_reference": -0.373235,
      "from_low_reference": 0.404939
    },
    "levels": {
      "trend_reference": 262.027805,
      "fair_value_reference": 226.93312,
      "structural_low": 177.485037,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.006545,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.003053,
        "regime_survival": 0.25,
        "best_return": 0.11007,
        "worst_return": -0.07173,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.035842,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.056584,
        "regime_survival": 0.0,
        "best_return": 0.196721,
        "worst_return": -0.245648,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.131327,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.039933,
        "regime_survival": 0.0,
        "best_return": 0.201405,
        "worst_return": -0.357834,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.20649,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.081666,
        "regime_survival": 0.0,
        "best_return": 0.330212,
        "worst_return": -0.18099,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-03-22",
        "tenure": "Developing",
        "return": -0.021661,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-29",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-31",
        "end": "2024-08-23",
        "tenure": "Established",
        "return": 0.125298,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-29",
        "tenure": "New",
        "return": -0.0394,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.03675,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-07-11",
        "tenure": "Extended",
        "return": -0.279208,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.003698,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.076739,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.032432,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-02-27",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Established",
        "return": 0.369159,
        "active": false
      },
      {
        "regime": "deceleration",
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      },
      {
        "regime": "rotation_down",
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        "active": true
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -18.192464,
        "stage": 3,
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        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-07-31",
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        "volume": 2885150,
        "typical_volume": 10908608.9,
        "trend": 257.869563,
        "fair_value": 226.690443,
        "relative_strength": -31.208152,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
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      },
      {
        "date": "2026-08-07",
        "close": 255.5,
        "volume": 4275747,
        "typical_volume": 10843919.25,
        "trend": 260.090622,
        "fair_value": 226.825084,
        "relative_strength": -17.245311,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.685582,
        "energy": 47.896243,
        "activity_lines": [
          243.463768,
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      },
      {
        "date": "2026-08-14",
        "close": 246.0,
        "volume": 2967887,
        "typical_volume": 9181827.4,
        "trend": 262.027805,
        "fair_value": 226.93312,
        "relative_strength": -22.542985,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.951731,
        "energy": 45.942966,
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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."
    }
  }
}