{
  "ticker": {
    "uuid": "1108e239-1c89-48d8-9c05-9fcf958557cc",
    "symbol": "1451",
    "name": "Nien Hsing Textile Co., Ltd.",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 49.427,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.091,
    "architecture_energy": 57.798,
    "architecture_maturity": 11.927,
    "architecture_confidence": 67.815,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 14.86,
        "rotation_up": 68.15,
        "upward_expansion": 87.31,
        "deceleration": 44.41,
        "rotation_down": 11.69,
        "downward_expansion": 11.65
      },
      "activity_lines": [
        17.52,
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        17.166709,
        17.114582
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 17.450001,
    "trend_reference": 17.039477,
    "distance_from_trend": 0.024093,
    "trend_direction": "Improving",
    "fair_value": 17.304698,
    "distance_from_fair_value": 0.008397,
    "fair_value_direction": "Improving",
    "relative_strength": -26.317861,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.062748,
    "excess_performance": -0.378624,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.024093,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017452,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.008397,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020776,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.263179,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.07005,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.062748,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.281944,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 583616,
      "relative_activity": 0.670295,
      "balance": 1.281944,
      "dry_up": 0.7329,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026008,
      "annualized_volatility": 0.123991,
      "from_high_reference": -0.022409,
      "from_low_reference": 0.114119
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    "levels": {
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      "fair_value_reference": 17.304698,
      "structural_low": 16.299999,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.012369,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.421053,
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        "worst_return": -0.152381,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "worst_return": -0.214679,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 5,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.122556,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 998814.45,
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        "stage": 3,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 17.5,
        "volume": 709385,
        "typical_volume": 874508.55,
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        "fair_value": 17.302385,
        "relative_strength": -23.574771,
        "stage": 1,
        "regime": "upward_expansion",
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        "gate": "up",
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        "energy": 62.760874,
        "activity_lines": [
          17.39,
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      },
      {
        "date": "2026-08-07",
        "close": 17.75,
        "volume": 571213,
        "typical_volume": 874900.1,
        "trend": 17.000402,
        "fair_value": 17.305063,
        "relative_strength": -23.406756,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.625732,
        "energy": 68.351488,
        "activity_lines": [
          17.516667,
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          17.129686,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 17.450001,
        "volume": 583616,
        "typical_volume": 870685.25,
        "trend": 17.039477,
        "fair_value": 17.304698,
        "relative_strength": -26.317861,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.09075,
        "energy": 57.798206,
        "activity_lines": [
          17.52,
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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."
    }
  }
}