{
  "ticker": {
    "uuid": "1e86fc7f-7abc-429f-a927-b911071a1c3f",
    "symbol": "6523",
    "name": "Dr. Wu Skincare Co., Ltd.",
    "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": -67.032,
    "architecture_energy": 65.309,
    "architecture_maturity": 82.983,
    "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": 9.26,
        "rotation_up": 28.61,
        "upward_expansion": 12.0,
        "deceleration": 60.02,
        "rotation_down": 55.63,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        90.246666,
        91.028237,
        93.496083,
        97.210619
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 90.099998,
    "trend_reference": 102.20632,
    "distance_from_trend": -0.11845,
    "trend_direction": "Weakening",
    "fair_value": 121.324847,
    "distance_from_fair_value": -0.257366,
    "fair_value_direction": "Weakening",
    "relative_strength": -41.155864,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.193482,
    "excess_performance": -0.634854,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.11845,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.066218,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.257366,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.048533,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.411559,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.025642,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.193482,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.285276,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 162110,
      "relative_activity": 0.701741,
      "balance": 0.285276,
      "dry_up": 0.532266,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.028587,
      "annualized_volatility": 0.157347,
      "from_high_reference": -0.236178,
      "from_low_reference": 0.01236
    },
    "levels": {
      "trend_reference": 102.20632,
      "fair_value_reference": 121.324847,
      "structural_low": 89.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": -0.007498,
        "positive_rate": 0.45,
        "directional_follow_through": 0.55,
        "median_excess_return": -0.032098,
        "regime_survival": 0.85,
        "best_return": 0.221001,
        "worst_return": -0.110245,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.039472,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.128595,
        "regime_survival": 0.571429,
        "best_return": 0.107103,
        "worst_return": -0.124721,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.035064,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.200387,
        "regime_survival": 0.5,
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        "worst_return": -0.128202,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.331238,
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        "worst_return": -0.084467,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-07-21",
        "tenure": "Developing",
        "return": 0.096247,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2023-10-27",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "deceleration",
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        "return": 0.020339,
        "active": false
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      {
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        "end": "2024-07-26",
        "tenure": "New",
        "return": -0.088758,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2024-09-06",
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        "return": -0.019802,
        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2024-11-22",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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      {
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-24",
        "close": 90.099998,
        "volume": 77537,
        "typical_volume": 230164.55,
        "trend": 104.533745,
        "fair_value": 121.70481,
        "relative_strength": -41.230571,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 85.593037,
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          90.808026,
          92.72,
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          99.802518
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      },
      {
        "date": "2026-07-31",
        "close": 90.599998,
        "volume": 106154,
        "typical_volume": 229014.35,
        "trend": 103.765715,
        "fair_value": 121.576187,
        "relative_strength": -39.177158,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.045922,
        "energy": 82.037818,
        "activity_lines": [
          90.453332,
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          95.060612,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 90.400002,
        "volume": 146036,
        "typical_volume": 228461.0,
        "trend": 102.974967,
        "fair_value": 121.438486,
        "relative_strength": -39.842132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.443822,
        "energy": 75.802953,
        "activity_lines": [
          90.326666,
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          94.237298,
          98.041262
        ]
      },
      {
        "date": "2026-08-14",
        "close": 90.099998,
        "volume": 162110,
        "typical_volume": 231011.0,
        "trend": 102.20632,
        "fair_value": 121.324847,
        "relative_strength": -41.155864,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.032065,
        "energy": 65.308719,
        "activity_lines": [
          90.246666,
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          97.210619
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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."
    }
  }
}