{
  "ticker": {
    "uuid": "0cabc5d4-3205-42b5-b02f-9ad171070da0",
    "symbol": "8409",
    "name": "EBM Technologies Incorporated",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -76.666,
    "architecture_energy": 76.012,
    "architecture_maturity": 77.077,
    "architecture_confidence": 86.199,
    "architecture_tenure": "Extended",
    "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": 0.0,
        "rotation_up": 14.79,
        "upward_expansion": 16.31,
        "deceleration": 38.57,
        "rotation_down": 75.14,
        "downward_expansion": 94.31
      },
      "activity_lines": [
        18.386667,
        18.651818,
        19.0,
        19.369247
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 18.1,
    "trend_reference": 19.856667,
    "distance_from_trend": -0.088467,
    "trend_direction": "Weakening",
    "fair_value": 22.634936,
    "distance_from_fair_value": -0.200351,
    "fair_value_direction": "Weakening",
    "relative_strength": -39.503348,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.106173,
    "excess_performance": -0.547545,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.088467,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.04627,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.200351,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.029528,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.395033,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.022203,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.106173,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.961386,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 24001,
      "relative_activity": 0.332735,
      "balance": 0.961386,
      "dry_up": 0.45475,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034637,
      "annualized_volatility": 0.139162,
      "from_high_reference": -0.30916,
      "from_low_reference": 0.011173
    },
    "levels": {
      "trend_reference": 19.856667,
      "fair_value_reference": 22.634936,
      "structural_low": 17.9,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.004184,
        "positive_rate": 0.516129,
        "directional_follow_through": 0.483871,
        "median_excess_return": -0.034884,
        "regime_survival": 0.806452,
        "best_return": 0.147196,
        "worst_return": -0.101833,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.027778,
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        "directional_follow_through": 0.454545,
        "median_excess_return": -0.1003,
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        "best_return": 0.306667,
        "worst_return": -0.083933,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.007241,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.101176,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.1,
        "sufficient": false
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        "relative_strength": -41.789265,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 64.62085,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "trend": 21.22,
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        "activity_lines": [
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      },
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        "date": "2026-05-22",
        "close": 19.950001,
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        "typical_volume": 82887.8,
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        "stage": 4,
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        "gate": "down",
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        "energy": 66.88277,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 84888.35,
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        "fair_value": 23.061218,
        "relative_strength": -45.120897,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 74.735496,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 115010,
        "typical_volume": 85332.8,
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        "relative_strength": -43.870937,
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        "gate": "down",
        "direction": -64.544596,
        "energy": 65.737152,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -42.603169,
        "stage": 4,
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        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 82542.55,
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        "relative_strength": -44.487744,
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        "energy": 64.009083,
        "activity_lines": [
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        "date": "2026-06-26",
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      },
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        "date": "2026-07-03",
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        "relative_strength": -42.688899,
        "stage": 4,
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        "gate": "down",
        "direction": -59.807908,
        "energy": 46.025806,
        "activity_lines": [
          19.163334,
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          19.666667,
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      },
      {
        "date": "2026-07-10",
        "close": 19.1,
        "volume": 48041,
        "typical_volume": 84141.35,
        "trend": 20.381667,
        "fair_value": 22.899679,
        "relative_strength": -40.211867,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.951044,
        "energy": 43.669242,
        "activity_lines": [
          19.136667,
          19.2,
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          19.909677
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      },
      {
        "date": "2026-07-17",
        "close": 18.9,
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        "typical_volume": 83391.3,
        "trend": 20.303333,
        "fair_value": 22.873397,
        "relative_strength": -36.165915,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.830836,
        "energy": 44.130286,
        "activity_lines": [
          19.06,
          19.131818,
          19.480952,
          19.814086
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      },
      {
        "date": "2026-07-24",
        "close": 18.75,
        "volume": 43004,
        "typical_volume": 82390.55,
        "trend": 20.211667,
        "fair_value": 22.849038,
        "relative_strength": -37.14901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.167008,
        "energy": 46.688199,
        "activity_lines": [
          18.946667,
          19.049091,
          19.377857,
          19.713871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.5,
        "volume": 35100,
        "typical_volume": 79394.7,
        "trend": 20.108333,
        "fair_value": 22.782051,
        "relative_strength": -36.283069,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.960867,
        "energy": 49.513277,
        "activity_lines": [
          18.773333,
          18.928182,
          19.26,
          19.603441
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.35,
        "volume": 29104,
        "typical_volume": 73038.0,
        "trend": 19.971667,
        "fair_value": 22.701282,
        "relative_strength": -37.429005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.376593,
        "energy": 62.641257,
        "activity_lines": [
          18.593333,
          18.806364,
          19.135952,
          19.49
        ]
      },
      {
        "date": "2026-08-14",
        "close": 18.1,
        "volume": 24001,
        "typical_volume": 72132.45,
        "trend": 19.856667,
        "fair_value": 22.634936,
        "relative_strength": -39.503348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.666072,
        "energy": 76.01225,
        "activity_lines": [
          18.386667,
          18.651818,
          19.0,
          19.369247
        ]
      }
    ],
    "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."
    }
  }
}