{
  "ticker": {
    "uuid": "1fb9dad8-fdfa-4ade-acab-da8e4df508c2",
    "symbol": "4419",
    "name": "King House 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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 55.701,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Neutral compression",
    "architecture_gate": "down",
    "architecture_direction": -43.835,
    "architecture_energy": 28.877,
    "architecture_maturity": 54.017,
    "architecture_confidence": 92.368,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 52.63,
        "rotation_up": 16.0,
        "upward_expansion": 5.15,
        "deceleration": 43.78,
        "rotation_down": 51.85,
        "downward_expansion": 73.81
      },
      "activity_lines": [
        45.860001,
        46.228183,
        46.287381,
        46.389678
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 46.5,
    "trend_reference": 46.49,
    "distance_from_trend": 0.000215,
    "trend_direction": "Improving",
    "fair_value": 45.095513,
    "distance_from_fair_value": 0.031145,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.099061,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.015284,
    "excess_performance": -0.426088,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.000215,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.008168,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.031145,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.028243,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.290991,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.048314,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.015284,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.42886,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31000,
      "relative_activity": 0.299546,
      "balance": 0.42886,
      "dry_up": 0.173031,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.049297,
      "annualized_volatility": 0.36471,
      "from_high_reference": -0.154545,
      "from_low_reference": 0.142506
    },
    "levels": {
      "trend_reference": 46.49,
      "fair_value_reference": 45.095513,
      "structural_low": 43.5,
      "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": 17,
        "median_return": -0.016376,
        "positive_rate": 0.352941,
        "directional_follow_through": 0.352941,
        "median_excess_return": -0.052061,
        "regime_survival": 0.588235,
        "best_return": 0.607317,
        "worst_return": -0.121739,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.00934,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.092545,
        "regime_survival": 0.375,
        "best_return": 0.219512,
        "worst_return": -0.154128,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.051984,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.032214,
        "regime_survival": 0.5,
        "best_return": 0.195122,
        "worst_return": -0.101563,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.146341,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.136525,
        "regime_survival": 0.333333,
        "best_return": 0.251376,
        "worst_return": -0.066184,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-14",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.056569,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.019802,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.004,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": -0.029703,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": -0.082031,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.021277,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.018614,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.02449,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.041667,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-19",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.077088,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.075393,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-14",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.174792,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-02",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.007099,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-08-14",
        "tenure": "Extended",
        "return": 0.015284,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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        "typical_volume": 131853.6,
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      },
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 138903.6,
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      },
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        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
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        "energy": 16.409572,
        "activity_lines": [
          45.800001,
          46.69091,
          46.69881,
          46.518925
        ]
      },
      {
        "date": "2026-05-15",
        "close": 46.299999,
        "volume": 37152,
        "typical_volume": 72029.9,
        "trend": 46.17,
        "fair_value": 43.704487,
        "relative_strength": -33.930468,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -10.483802,
        "energy": 12.772045,
        "activity_lines": [
          46.0,
          46.608182,
          46.628571,
          46.52215
        ]
      },
      {
        "date": "2026-05-22",
        "close": 45.099998,
        "volume": 60100,
        "typical_volume": 72154.9,
        "trend": 46.123333,
        "fair_value": 43.826923,
        "relative_strength": -36.533245,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.155166,
        "energy": 24.04211,
        "activity_lines": [
          45.693333,
          46.285454,
          46.452143,
          46.453118
        ]
      },
      {
        "date": "2026-05-29",
        "close": 46.099998,
        "volume": 74840,
        "typical_volume": 55534.75,
        "trend": 46.131667,
        "fair_value": 43.952564,
        "relative_strength": -37.924062,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.559239,
        "energy": 17.676234,
        "activity_lines": [
          45.806666,
          46.143636,
          46.391428,
          46.451613
        ]
      },
      {
        "date": "2026-06-05",
        "close": 45.599998,
        "volume": 173245,
        "typical_volume": 62731.45,
        "trend": 46.113333,
        "fair_value": 44.070833,
        "relative_strength": -38.24003,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.261241,
        "energy": 12.820271,
        "activity_lines": [
          45.699998,
          45.905454,
          46.298333,
          46.417311
        ]
      },
      {
        "date": "2026-06-12",
        "close": 46.400002,
        "volume": 148068,
        "typical_volume": 69633.0,
        "trend": 46.188333,
        "fair_value": 44.196474,
        "relative_strength": -35.055125,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.311114,
        "energy": 7.764052,
        "activity_lines": [
          45.946666,
          45.885454,
          46.291666,
          46.435806
        ]
      },
      {
        "date": "2026-06-19",
        "close": 46.200001,
        "volume": 155612,
        "typical_volume": 76203.35,
        "trend": 46.326666,
        "fair_value": 44.304167,
        "relative_strength": -37.689778,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.050436,
        "energy": 3.636161,
        "activity_lines": [
          46.046667,
          45.958182,
          46.278095,
          46.436559
        ]
      },
      {
        "date": "2026-06-26",
        "close": 50.299999,
        "volume": 164321,
        "typical_volume": 83800.7,
        "trend": 46.62,
        "fair_value": 44.445833,
        "relative_strength": -28.42044,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 50.389061,
        "energy": 29.30372,
        "activity_lines": [
          47.52,
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          46.651666,
          46.692903
        ]
      },
      {
        "date": "2026-07-03",
        "close": 47.049999,
        "volume": 658628,
        "typical_volume": 115258.05,
        "trend": 46.755,
        "fair_value": 44.569231,
        "relative_strength": -35.238078,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 6.980274,
        "energy": 14.091143,
        "activity_lines": [
          47.563333,
          46.878181,
          46.709285,
          46.720645
        ]
      },
      {
        "date": "2026-07-10",
        "close": 45.950001,
        "volume": 12000,
        "typical_volume": 115157.9,
        "trend": 46.858333,
        "fair_value": 44.68141,
        "relative_strength": -33.849652,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.948593,
        "energy": 9.910878,
        "activity_lines": [
          47.176667,
          46.775454,
          46.65619,
          46.668709
        ]
      },
      {
        "date": "2026-07-17",
        "close": 46.900002,
        "volume": 10000,
        "typical_volume": 112267.85,
        "trend": 46.888333,
        "fair_value": 44.805769,
        "relative_strength": -27.313778,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 14.778132,
        "energy": 14.342073,
        "activity_lines": [
          47.083334,
          46.862727,
          46.687857,
          46.671398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 45.150002,
        "volume": 10108,
        "typical_volume": 111272.85,
        "trend": 46.793333,
        "fair_value": 44.854808,
        "relative_strength": -30.691548,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.312439,
        "energy": 20.22756,
        "activity_lines": [
          46.373335,
          46.60091,
          46.542857,
          46.559247
        ]
      },
      {
        "date": "2026-07-31",
        "close": 45.200001,
        "volume": 13480,
        "typical_volume": 108014.75,
        "trend": 46.653333,
        "fair_value": 44.927885,
        "relative_strength": -28.783188,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.158158,
        "energy": 30.032994,
        "activity_lines": [
          45.750001,
          46.369092,
          46.402381,
          46.456452
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.650002,
        "volume": 17040,
        "typical_volume": 107215.65,
        "trend": 46.531667,
        "fair_value": 45.005769,
        "relative_strength": -28.879444,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.52051,
        "energy": 34.352607,
        "activity_lines": [
          45.616668,
          46.217274,
          46.304048,
          46.391721
        ]
      },
      {
        "date": "2026-08-14",
        "close": 46.5,
        "volume": 31000,
        "typical_volume": 103490.05,
        "trend": 46.49,
        "fair_value": 45.095513,
        "relative_strength": -29.099061,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -43.835451,
        "energy": 28.877352,
        "activity_lines": [
          45.860001,
          46.228183,
          46.287381,
          46.389678
        ]
      }
    ],
    "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."
    }
  }
}