{
  "ticker": {
    "uuid": "2531d5d3-9ef6-459e-8f46-359f6077177a",
    "symbol": "2471",
    "name": "Ares International Corp.",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 59.478,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Neutral compression",
    "architecture_gate": "up",
    "architecture_direction": 34.712,
    "architecture_energy": 14.979,
    "architecture_maturity": 66.836,
    "architecture_confidence": 77.182,
    "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": 39.75,
        "rotation_up": 33.15,
        "upward_expansion": 49.59,
        "deceleration": 80.65,
        "rotation_down": 32.88,
        "downward_expansion": 29.26
      },
      "activity_lines": [
        48.953393,
        49.089448,
        49.038244,
        48.919952
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 50.099998,
    "trend_reference": 48.746981,
    "distance_from_trend": 0.027756,
    "trend_direction": "Improving",
    "fair_value": 47.628643,
    "distance_from_fair_value": 0.051888,
    "fair_value_direction": "Improving",
    "relative_strength": -25.780142,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.075535,
    "excess_performance": -0.365837,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.027756,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017316,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.051888,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.074842,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.257801,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.100253,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.075535,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.939478,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 746200,
      "relative_activity": 0.654624,
      "balance": 2.939478,
      "dry_up": 0.859085,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.043552,
      "annualized_volatility": 0.211818,
      "from_high_reference": -0.047903,
      "from_low_reference": 0.138465
    },
    "levels": {
      "trend_reference": 48.746981,
      "fair_value_reference": 47.628643,
      "structural_low": 44.006609,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.004673,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.025157,
        "regime_survival": 0.666667,
        "best_return": 0.202811,
        "worst_return": -0.081481,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.001677,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.122975,
        "regime_survival": 0.285714,
        "best_return": 0.516484,
        "worst_return": -0.063255,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.070382,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.14663,
        "regime_survival": 0.5,
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        "worst_return": -0.093922,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.144288,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.236453,
        "regime_survival": 0.666667,
        "best_return": 1.133643,
        "worst_return": -0.106911,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": 0.017699,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.001984,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-11-29",
        "tenure": "Established",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      {
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        "active": true
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    ],
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      },
      {
        "date": "2026-04-24",
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        "modifier": "Balance after decline",
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      },
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      },
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        "trend": 47.814273,
        "fair_value": 47.50799,
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        "gate": "up",
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        "energy": 12.728362,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1108497.55,
        "trend": 47.826757,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.788168,
        "energy": 10.084908,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1321255.95,
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        "fair_value": 47.490694,
        "relative_strength": -33.812097,
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        "gate": "up",
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      },
      {
        "date": "2026-06-12",
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        "volume": 1113200,
        "typical_volume": 1319396.6,
        "trend": 48.045229,
        "fair_value": 47.486293,
        "relative_strength": -32.172287,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 21.616489,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 1282416.0,
        "trend": 48.163829,
        "fair_value": 47.500363,
        "relative_strength": -33.760097,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-26",
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        "energy": 30.009486,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -32.279401,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 54.435348,
        "energy": 41.977013,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 49.811737,
        "volume": 0,
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        "fair_value": 47.525948,
        "relative_strength": -30.121691,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.211097,
        "energy": 34.683941,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 924081,
        "typical_volume": 1221821.4,
        "trend": 48.482175,
        "fair_value": 47.551457,
        "relative_strength": -26.718651,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 38.601862,
        "energy": 16.979779,
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      },
      {
        "date": "2026-07-24",
        "close": 48.700001,
        "volume": 1746523,
        "typical_volume": 1245185.05,
        "trend": 48.548111,
        "fair_value": 47.565502,
        "relative_strength": -27.150476,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 27.761255,
        "energy": 13.024772,
        "activity_lines": [
          49.08536,
          49.272531,
          49.05891,
          48.86602
        ]
      },
      {
        "date": "2026-07-31",
        "close": 48.099998,
        "volume": 973080,
        "typical_volume": 1197296.8,
        "trend": 48.584684,
        "fair_value": 47.59255,
        "relative_strength": -26.250851,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 15.716943,
        "energy": 10.896179,
        "activity_lines": [
          48.726222,
          49.085365,
          48.973411,
          48.83711
        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.400002,
        "volume": 451251,
        "typical_volume": 1141001.9,
        "trend": 48.631257,
        "fair_value": 47.593606,
        "relative_strength": -26.659325,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": 0.921327,
        "energy": 8.67875,
        "activity_lines": [
          48.487569,
          48.937902,
          48.920623,
          48.825195
        ]
      },
      {
        "date": "2026-08-14",
        "close": 50.099998,
        "volume": 746200,
        "typical_volume": 1139891.0,
        "trend": 48.746981,
        "fair_value": 47.628643,
        "relative_strength": -25.780142,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 34.711869,
        "energy": 14.979198,
        "activity_lines": [
          48.953393,
          49.089448,
          49.038244,
          48.919952
        ]
      }
    ],
    "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."
    }
  }
}