{
  "ticker": {
    "uuid": "1b91b3f3-d347-41eb-b638-5e7bb822fcd6",
    "symbol": "9910",
    "name": "Feng Tay Enterprises 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": 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": -45.509,
    "architecture_energy": 24.065,
    "architecture_maturity": 88.031,
    "architecture_confidence": 67.11,
    "architecture_tenure": "Extended",
    "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": 42.97,
        "rotation_up": 23.84,
        "upward_expansion": 6.68,
        "deceleration": 58.95,
        "rotation_down": 36.02,
        "downward_expansion": 66.35
      },
      "activity_lines": [
        68.933335,
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        70.006443,
        71.913997
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 69.400002,
    "trend_reference": 76.204462,
    "distance_from_trend": -0.089292,
    "trend_direction": "Weakening",
    "fair_value": 120.962953,
    "distance_from_fair_value": -0.426271,
    "fair_value_direction": "Improving",
    "relative_strength": -49.387367,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.218916,
    "excess_performance": -0.660288,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089292,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.161919,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.426271,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.048086,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.493874,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.083502,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.218916,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.408884,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6965682,
      "relative_activity": 0.447727,
      "balance": 1.408884,
      "dry_up": 0.513772,
      "accumulation_observations": 2,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.107446,
      "annualized_volatility": 0.443536,
      "from_high_reference": -0.465877,
      "from_low_reference": 0.093988
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    "levels": {
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      "fair_value_reference": 120.962953,
      "structural_low": 63.437653,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Near term",
        "sample_count": 33,
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        "positive_rate": 0.424242,
        "directional_follow_through": 0.575758,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "trend": 78.564705,
        "fair_value": 122.190207,
        "relative_strength": -49.158318,
        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 69.5,
        "volume": 5933537,
        "typical_volume": 15514002.05,
        "trend": 77.298673,
        "fair_value": 121.598084,
        "relative_strength": -48.593506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.304092,
        "energy": 30.126483,
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      },
      {
        "date": "2026-08-14",
        "close": 69.400002,
        "volume": 6965682,
        "typical_volume": 15557880.85,
        "trend": 76.204462,
        "fair_value": 120.962953,
        "relative_strength": -49.387367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.508687,
        "energy": 24.065069,
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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."
    }
  }
}