{
  "ticker": {
    "uuid": "1346fed7-165a-494f-891a-d0b87da2f2cb",
    "symbol": "2483",
    "name": "Excel Cell Electronic 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": "2026-08-21",
    "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": 22.808,
    "architecture_energy": 28.86,
    "architecture_maturity": 74.809,
    "architecture_confidence": 94.673,
    "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": 55.64,
        "rotation_up": 17.52,
        "upward_expansion": 52.86,
        "deceleration": 94.0,
        "rotation_down": 39.51,
        "downward_expansion": 18.86
      },
      "activity_lines": [
        36.659999,
        42.127272,
        40.182857,
        36.042841
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 36.099998,
    "trend_reference": 30.785898,
    "distance_from_trend": 0.172615,
    "trend_direction": "Improving",
    "fair_value": 23.252731,
    "distance_from_fair_value": 0.552506,
    "fair_value_direction": "Improving",
    "relative_strength": 7.816625,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.803913,
    "excess_performance": 0.45818,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.172615,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.41625,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.552506,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.363324,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.078166,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.198523,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.803913,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.322043,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5146458,
      "relative_activity": 0.402273,
      "balance": 9.322043,
      "dry_up": 0.574164,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.238334,
      "annualized_volatility": 0.97694,
      "from_high_reference": -0.469118,
      "from_low_reference": 1.001061
    },
    "levels": {
      "trend_reference": 30.785898,
      "fair_value_reference": 23.252731,
      "structural_low": 20.061347,
      "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": 0.00289,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.048171,
        "regime_survival": 0.25,
        "best_return": 0.237425,
        "worst_return": -0.072682,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.010798,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.067516,
        "regime_survival": 0.166667,
        "best_return": 2.170163,
        "worst_return": -0.081188,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.034281,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.120912,
        "regime_survival": 0.0,
        "best_return": 0.319468,
        "worst_return": -0.0875,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.065992,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.174269,
        "regime_survival": 0.0,
        "best_return": 0.027252,
        "worst_return": -0.159237,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-12",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": 0.04898,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.118868,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-08-30",
        "tenure": "New",
        "return": -0.020833,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-10-11",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-18",
        "end": "2025-08-08",
        "tenure": "Extended",
        "return": -0.204844,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.0375,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.024331,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.072682,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": 0.034301,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-02-27",
        "tenure": "Developing",
        "return": 0.1,
        "active": false
      },
      {
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        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.078634,
        "active": false
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      {
        "regime": "deceleration",
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        "active": false
      },
      {
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        "tenure": "Established",
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        "active": false
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      {
        "regime": "deceleration",
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        "return": 0.018336,
        "active": true
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      },
      {
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 11490608.4,
        "trend": 29.015449,
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        "energy": 38.955914,
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      },
      {
        "date": "2026-08-07",
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        "volume": 10131252,
        "typical_volume": 11965867.5,
        "trend": 29.577695,
        "fair_value": 23.078949,
        "relative_strength": 8.453118,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 32.05206,
        "energy": 36.908844,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 38.099998,
        "volume": 12022730,
        "typical_volume": 12549743.9,
        "trend": 30.226631,
        "fair_value": 23.169635,
        "relative_strength": 12.29755,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.754578,
        "energy": 33.489673,
        "activity_lines": [
          37.456667,
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        ]
      },
      {
        "date": "2026-08-21",
        "close": 36.099998,
        "volume": 5146458,
        "typical_volume": 12793443.95,
        "trend": 30.785898,
        "fair_value": 23.252731,
        "relative_strength": 7.816625,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.807597,
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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."
    }
  }
}