{
  "ticker": {
    "uuid": "23eba71b-62e5-4f22-81a9-2e7df94b40c4",
    "symbol": "8045",
    "name": "TWOWAY Communications, Inc.",
    "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": -73.236,
    "architecture_energy": 53.237,
    "architecture_maturity": 48.113,
    "architecture_confidence": 89.941,
    "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": 9.04,
        "rotation_up": 19.64,
        "upward_expansion": 7.39,
        "deceleration": 50.29,
        "rotation_down": 63.49,
        "downward_expansion": 83.06
      },
      "activity_lines": [
        54.153333,
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        60.095453,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": -0.833333
    },
    "latest_close": 50.799999,
    "trend_reference": 68.418175,
    "distance_from_trend": -0.257507,
    "trend_direction": "Weakening",
    "fair_value": 94.108195,
    "distance_from_fair_value": -0.460196,
    "fair_value_direction": "Weakening",
    "relative_strength": -55.049965,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.311868,
    "excess_performance": -0.75324,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.257507,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.089023,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.460196,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.194858,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.5505,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.097222,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.311868,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.453456,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1114043,
      "relative_activity": 0.839364,
      "balance": 0.453456,
      "dry_up": 1.186297,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.139573,
      "annualized_volatility": 0.365076,
      "from_high_reference": -0.620009,
      "from_low_reference": 0.013972
    },
    "levels": {
      "trend_reference": 68.418175,
      "fair_value_reference": 94.108195,
      "structural_low": 50.099998,
      "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": -0.022936,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.588235,
        "median_excess_return": -0.054875,
        "regime_survival": 0.705882,
        "best_return": 0.782032,
        "worst_return": -0.227273,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.166667,
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        "worst_return": -0.264135,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.099024,
        "positive_rate": 0.75,
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        "worst_return": -0.255511,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
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        "worst_return": 0.043348,
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        "active": false
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 93.92249,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -59.573651,
        "energy": 45.524903,
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      },
      {
        "date": "2026-07-31",
        "close": 55.5,
        "volume": 1208293,
        "typical_volume": 1380493.3,
        "trend": 69.918745,
        "fair_value": 94.020235,
        "relative_strength": -50.458565,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.646579,
        "energy": 47.030747,
        "activity_lines": [
          57.78,
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          62.685103,
          66.001827
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      },
      {
        "date": "2026-08-07",
        "close": 53.5,
        "volume": 542419,
        "typical_volume": 1355656.65,
        "trend": 69.087309,
        "fair_value": 94.06961,
        "relative_strength": -52.249837,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.603181,
        "energy": 49.304686,
        "activity_lines": [
          56.166667,
          57.570151,
          61.463674,
          64.942554
        ]
      },
      {
        "date": "2026-08-14",
        "close": 50.799999,
        "volume": 1114043,
        "typical_volume": 1327246.85,
        "trend": 68.418175,
        "fair_value": 94.108195,
        "relative_strength": -55.049965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.235973,
        "energy": 53.236622,
        "activity_lines": [
          54.153333,
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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."
    }
  }
}