{
  "ticker": {
    "uuid": "0fe57f8e-4b2f-48e7-b119-f69f065145a7",
    "symbol": "6116",
    "name": "HannStar Display 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": "2026-08-21",
    "benchmark": "^TWII",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 12.286,
    "architecture_energy": 16.593,
    "architecture_maturity": 73.266,
    "architecture_confidence": 85.254,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 62.54,
        "rotation_up": 17.55,
        "upward_expansion": 45.19,
        "deceleration": 87.78,
        "rotation_down": 34.99,
        "downward_expansion": 25.52
      },
      "activity_lines": [
        13.596667,
        14.454546,
        14.653619,
        13.47043
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 13.8,
    "trend_reference": 11.928667,
    "distance_from_trend": 0.156877,
    "trend_direction": "Improving",
    "fair_value": 9.734615,
    "distance_from_fair_value": 0.417621,
    "fair_value_direction": "Improving",
    "relative_strength": 4.692638,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.625442,
    "excess_performance": 0.279709,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.156877,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.267659,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.417621,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.171892,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.046926,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.052719,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.625442,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.13748,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 139243839,
      "relative_activity": 0.400212,
      "balance": 1.13748,
      "dry_up": 0.520725,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.213768,
      "annualized_volatility": 0.794292,
      "from_high_reference": -0.392071,
      "from_low_reference": 1.011662
    },
    "levels": {
      "trend_reference": 11.928667,
      "fair_value_reference": 9.734615,
      "structural_low": 7.95,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.052633,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.050425,
        "regime_survival": 0.625,
        "best_return": 0.422569,
        "worst_return": -0.130867,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.034091,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.050927,
        "regime_survival": 0.0,
        "best_return": 0.84466,
        "worst_return": -0.321012,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.147685,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.188659,
        "regime_survival": 0.0,
        "best_return": -0.113636,
        "worst_return": -0.181733,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.326835,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.395415,
        "regime_survival": 0.0,
        "best_return": -0.208333,
        "worst_return": -0.445337,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-03-08",
        "tenure": "Developing",
        "return": -0.073593,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-15",
        "end": "2024-10-18",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.049837,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2025-03-14",
        "tenure": "Established",
        "return": -0.059218,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.057007,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
        "return": 0.091043,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.091755,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.022416,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
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        "regime": "upward_expansion",
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      {
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        "active": true
      }
    ],
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        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 338612411.1,
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      },
      {
        "date": "2026-08-14",
        "close": 13.9,
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        "typical_volume": 344507557.9,
        "trend": 11.796333,
        "fair_value": 9.728205,
        "relative_strength": 4.099465,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.632377,
        "energy": 23.166942,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-21",
        "close": 13.8,
        "volume": 139243839,
        "typical_volume": 347925386.5,
        "trend": 11.928667,
        "fair_value": 9.734615,
        "relative_strength": 4.692638,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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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."
    }
  }
}