{
  "ticker": {
    "uuid": "119f2426-ac28-4554-8013-c4dae18d1161",
    "symbol": "6234",
    "name": "Tera Autotech Corporation",
    "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": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -21.949,
    "architecture_energy": 46.95,
    "architecture_maturity": 4.182,
    "architecture_confidence": 75.361,
    "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": 32.85,
        "rotation_up": 14.86,
        "upward_expansion": 24.85,
        "deceleration": 50.33,
        "rotation_down": 63.21,
        "downward_expansion": 52.19
      },
      "activity_lines": [
        35.226667,
        37.924546,
        41.65,
        40.233978
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 37.400002,
    "trend_reference": 37.315,
    "distance_from_trend": 0.002278,
    "trend_direction": "Improving",
    "fair_value": 28.145633,
    "distance_from_fair_value": 0.328803,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.467525,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.385185,
    "excess_performance": -0.056187,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.002278,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.166641,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.328803,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.598568,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124675,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.450998,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.385185,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.702407,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2761600,
      "relative_activity": 0.211125,
      "balance": 0.702407,
      "dry_up": 0.218825,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.193439,
      "annualized_volatility": 0.720585,
      "from_high_reference": -0.409163,
      "from_low_reference": 0.884131
    },
    "levels": {
      "trend_reference": 37.315,
      "fair_value_reference": 28.145633,
      "structural_low": 24.0,
      "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": 5,
        "median_return": 0.0025,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.025201,
        "regime_survival": 0.4,
        "best_return": 0.198492,
        "worst_return": -0.158562,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.030462,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.012858,
        "regime_survival": 0.0,
        "best_return": 0.167019,
        "worst_return": 0.0025,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.06013,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.125277,
        "regime_survival": 0.0,
        "best_return": 1.232558,
        "worst_return": -0.009196,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.156959,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.183189,
        "regime_survival": 0.0,
        "best_return": 0.230054,
        "worst_return": 0.083864,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.149746,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.002217,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.11036,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": -0.006186,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.057377,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.051948,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.084677,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-24",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.084567,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.119718,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.037433,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-13",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": 0.112621,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.517606,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-19",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.28714,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.098385,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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      },
      {
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        "stage": 3,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 13464532.95,
        "trend": 36.873333,
        "fair_value": 28.069223,
        "relative_strength": -21.58595,
        "stage": 3,
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        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.428577,
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      },
      {
        "date": "2026-08-07",
        "close": 34.049999,
        "volume": 1963495,
        "typical_volume": 13358794.65,
        "trend": 37.025,
        "fair_value": 28.103435,
        "relative_strength": -18.184748,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.511959,
        "energy": 47.851751,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 37.400002,
        "volume": 2761600,
        "typical_volume": 13080413.55,
        "trend": 37.315,
        "fair_value": 28.145633,
        "relative_strength": -12.467525,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.949345,
        "energy": 46.950137,
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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."
    }
  }
}