{
  "ticker": {
    "uuid": "1552de83-2f8c-42c4-9be2-36bd89486ba8",
    "symbol": "1784",
    "name": "BIONET Corp.",
    "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": -63.52,
    "architecture_energy": 73.578,
    "architecture_maturity": 51.044,
    "architecture_confidence": 96,
    "architecture_tenure": "Established",
    "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": 11.56,
        "rotation_up": 17.72,
        "upward_expansion": 16.7,
        "deceleration": 40.52,
        "rotation_down": 62.75,
        "downward_expansion": 87.7
      },
      "activity_lines": [
        59.659999,
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        69.662795
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 60.599998,
    "trend_reference": 77.006666,
    "distance_from_trend": -0.213055,
    "trend_direction": "Weakening",
    "fair_value": 76.24265,
    "distance_from_fair_value": -0.205169,
    "fair_value_direction": "Weakening",
    "relative_strength": -49.269593,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.346278,
    "excess_performance": -0.78765,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.213055,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.140966,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.205169,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.171929,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.492696,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.079687,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.346278,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.361015,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 464509,
      "relative_activity": 0.46569,
      "balance": 0.361015,
      "dry_up": 0.640919,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.083778,
      "annualized_volatility": 0.338959,
      "from_high_reference": -0.486441,
      "from_low_reference": 0.122222
    },
    "levels": {
      "trend_reference": 77.006666,
      "fair_value_reference": 76.24265,
      "structural_low": 54.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.010257,
        "positive_rate": 0.44,
        "directional_follow_through": 0.56,
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        "worst_return": -0.177494,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.666667,
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        "worst_return": -0.215556,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "balance",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
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        "direction": -80.002699,
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      },
      {
        "date": "2026-07-31",
        "close": 57.099998,
        "volume": 864067,
        "typical_volume": 1070058.2,
        "trend": 79.996666,
        "fair_value": 76.189867,
        "relative_strength": -50.491047,
        "stage": 4,
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        "direction": -80.710546,
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      },
      {
        "date": "2026-08-07",
        "close": 60.200001,
        "volume": 428397,
        "typical_volume": 1021048.75,
        "trend": 78.486666,
        "fair_value": 76.219705,
        "relative_strength": -48.477188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.980238,
        "energy": 78.050543,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 60.599998,
        "volume": 464509,
        "typical_volume": 997464.75,
        "trend": 77.006666,
        "fair_value": 76.24265,
        "relative_strength": -49.269593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.520199,
        "energy": 73.577562,
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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."
    }
  }
}