{
  "ticker": {
    "uuid": "25748bbc-7516-4961-9685-3efeb283532a",
    "symbol": "4907",
    "name": "Fu Yu Property 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": 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 71.783,
    "architecture_energy": 72.771,
    "architecture_maturity": 23.787,
    "architecture_confidence": 63.247,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 24.2,
        "rotation_up": 73.43,
        "upward_expansion": 89.11,
        "deceleration": 45.03,
        "rotation_down": 9.08,
        "downward_expansion": 15.78
      },
      "activity_lines": [
        44.636667,
        43.197273,
        41.461904,
        41.040645
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 45.900002,
    "trend_reference": 40.896666,
    "distance_from_trend": 0.122341,
    "trend_direction": "Weakening",
    "fair_value": 49.963212,
    "distance_from_fair_value": -0.081324,
    "fair_value_direction": "Improving",
    "relative_strength": -21.655576,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.108696,
    "excess_performance": -0.332676,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.122341,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008726,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.081324,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.129097,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.216556,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.157637,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108696,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.381619,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 911365,
      "relative_activity": 1.774859,
      "balance": 1.381619,
      "dry_up": 1.763625,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.065527,
      "annualized_volatility": 0.31491,
      "from_high_reference": -0.101761,
      "from_low_reference": 0.307692
    },
    "levels": {
      "trend_reference": 40.896666,
      "fair_value_reference": 49.963212,
      "structural_low": 35.099998,
      "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": 13,
        "median_return": -0.00905,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.384615,
        "median_excess_return": -0.002672,
        "regime_survival": 0.615385,
        "best_return": 0.121827,
        "worst_return": -0.144645,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.036246,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.005234,
        "regime_survival": 0.0,
        "best_return": 0.16152,
        "worst_return": -0.125176,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.01109,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.159341,
        "regime_survival": 0.0,
        "best_return": 0.131701,
        "worst_return": -0.400844,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.112092,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.122245,
        "regime_survival": 0.5,
        "best_return": 0.12539,
        "worst_return": -0.349575,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-04-05",
        "tenure": "New",
        "return": 0.126173,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-12",
        "end": "2024-08-30",
        "tenure": "Established",
        "return": 0.458022,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-06",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.175553,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.049849,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.12093,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-13",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.015471,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.019512,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": -0.181137,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2025-12-19",
        "tenure": "Established",
        "return": 0.049881,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.153374,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.051765,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": 0.002439,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.027094,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": 0.11138,
        "active": true
      }
    ],
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        "fair_value": 49.095261,
        "relative_strength": -36.443631,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.624317,
        "energy": 48.964114,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 270248.05,
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        "fair_value": 49.135921,
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        "energy": 64.937752,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 267962.4,
        "trend": 41.6,
        "fair_value": 49.165437,
        "relative_strength": -41.493753,
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        "modifier": "Early contraction",
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        "energy": 79.576449,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 339020,
        "typical_volume": 273012.15,
        "trend": 41.548333,
        "fair_value": 49.203459,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 71.582431,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 38.400002,
        "volume": 131716,
        "typical_volume": 228941.3,
        "trend": 41.468333,
        "fair_value": 49.239472,
        "relative_strength": -38.796699,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.880345,
        "energy": 68.745005,
        "activity_lines": [
          38.256667,
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          39.971666,
          40.887419
        ]
      },
      {
        "date": "2026-05-29",
        "close": 35.599998,
        "volume": 748144,
        "typical_volume": 258293.5,
        "trend": 41.283333,
        "fair_value": 49.258704,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.902497,
        "energy": 75.631252,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 39.0,
        "volume": 752300,
        "typical_volume": 280811.2,
        "trend": 41.256666,
        "fair_value": 49.293017,
        "relative_strength": -39.642087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.432758,
        "energy": 43.617227,
        "activity_lines": [
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          40.361505
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      },
      {
        "date": "2026-06-12",
        "close": 39.0,
        "volume": 931733,
        "typical_volume": 311392.05,
        "trend": 41.245,
        "fair_value": 49.330542,
        "relative_strength": -37.428566,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.244968,
        "energy": 36.675718,
        "activity_lines": [
          38.23,
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          39.171666,
          40.215914
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      },
      {
        "date": "2026-06-19",
        "close": 42.5,
        "volume": 573079,
        "typical_volume": 326646.0,
        "trend": 41.366666,
        "fair_value": 49.392836,
        "relative_strength": -34.217096,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.200354,
        "energy": 9.996262,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 41.700001,
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        "typical_volume": 324418.5,
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        "fair_value": 49.467807,
        "relative_strength": -31.854539,
        "stage": 4,
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        "direction": -8.169957,
        "energy": 19.763862,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 328254,
        "typical_volume": 333072.8,
        "trend": 41.415,
        "fair_value": 49.529122,
        "relative_strength": -34.829743,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.15729,
        "energy": 21.214524,
        "activity_lines": [
          41.186667,
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          39.704523,
          40.309139
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      },
      {
        "date": "2026-07-10",
        "close": 41.349998,
        "volume": 427100,
        "typical_volume": 347872.8,
        "trend": 41.35,
        "fair_value": 49.596304,
        "relative_strength": -31.821676,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.251,
        "energy": 27.669586,
        "activity_lines": [
          41.403333,
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        ]
      },
      {
        "date": "2026-07-17",
        "close": 39.849998,
        "volume": 466000,
        "typical_volume": 364920.05,
        "trend": 41.263333,
        "fair_value": 49.64774,
        "relative_strength": -29.29726,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.746141,
        "energy": 15.136252,
        "activity_lines": [
          40.963332,
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          40.208171
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      },
      {
        "date": "2026-07-24",
        "close": 41.299999,
        "volume": 349000,
        "typical_volume": 375142.15,
        "trend": 41.166666,
        "fair_value": 49.708472,
        "relative_strength": -27.615078,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.16963,
        "energy": 9.706667,
        "activity_lines": [
          40.949999,
          40.669999,
          39.96619,
          40.210537
        ]
      },
      {
        "date": "2026-07-31",
        "close": 42.400002,
        "volume": 1044414,
        "typical_volume": 419589.85,
        "trend": 40.949999,
        "fair_value": 49.777714,
        "relative_strength": -24.164151,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.393959,
        "energy": 18.371616,
        "activity_lines": [
          41.383333,
          41.106363,
          40.205714,
          40.290107
        ]
      },
      {
        "date": "2026-08-07",
        "close": 47.599998,
        "volume": 1317607,
        "typical_volume": 475717.7,
        "trend": 40.916666,
        "fair_value": 49.876204,
        "relative_strength": -16.49739,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 56.336707,
        "energy": 54.824374,
        "activity_lines": [
          43.503333,
          42.415454,
          40.930476,
          40.719139
        ]
      },
      {
        "date": "2026-08-14",
        "close": 45.900002,
        "volume": 911365,
        "typical_volume": 513485.95,
        "trend": 40.896666,
        "fair_value": 49.963212,
        "relative_strength": -21.655576,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 71.783167,
        "energy": 72.770952,
        "activity_lines": [
          44.636667,
          43.197273,
          41.461904,
          41.040645
        ]
      }
    ],
    "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."
    }
  }
}