{
  "ticker": {
    "uuid": "27f972f4-0f7e-4e07-b1cb-e52e8425b362",
    "symbol": "3528",
    "name": "Macnica Anstek 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 83.74,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 4.841,
    "architecture_energy": 15.873,
    "architecture_maturity": 46.581,
    "architecture_confidence": 73.551,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 55.66,
        "rotation_up": 16.33,
        "upward_expansion": 41.42,
        "deceleration": 84.78,
        "rotation_down": 40.28,
        "downward_expansion": 35.42
      },
      "activity_lines": [
        87.393333,
        90.749091,
        95.329524,
        90.564301
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 90.0,
    "trend_reference": 83.983334,
    "distance_from_trend": 0.071641,
    "trend_direction": "Improving",
    "fair_value": 62.374261,
    "distance_from_fair_value": 0.442903,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.251502,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.339286,
    "excess_performance": -0.102086,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071641,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.120973,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.442903,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.042759,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.162515,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.051325,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.339286,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.543906,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2213565,
      "relative_activity": 0.652464,
      "balance": 1.543906,
      "dry_up": 0.547764,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.164872,
      "annualized_volatility": 0.642741,
      "from_high_reference": -0.368421,
      "from_low_reference": 0.480263
    },
    "levels": {
      "trend_reference": 83.983334,
      "fair_value_reference": 62.374261,
      "structural_low": 60.799999,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.004,
        "positive_rate": 0.565217,
        "directional_follow_through": 0.565217,
        "median_excess_return": -0.003029,
        "regime_survival": 0.73913,
        "best_return": 0.147606,
        "worst_return": -0.140209,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.001059,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.031029,
        "regime_survival": 0.375,
        "best_return": 0.036511,
        "worst_return": -0.030632,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.029666,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.023247,
        "regime_survival": 0.166667,
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        "worst_return": -0.057483,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 1.0,
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        "median_excess_return": 0.231677,
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        "worst_return": 0.078873,
        "sufficient": false
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      {
        "regime": "upward_expansion",
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        "end": "2025-06-13",
        "tenure": "Established",
        "return": -0.028777,
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      },
      {
        "regime": "deceleration",
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      {
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": 0.037921,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.00133,
        "active": false
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      {
        "regime": "balance",
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        "active": false
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        "label": "Downward Expansion",
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        "return": 0.068148,
        "active": false
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      },
      {
        "date": "2026-04-24",
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      },
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      },
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      },
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      },
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        "date": "2026-06-05",
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      {
        "date": "2026-07-10",
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      },
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        "energy": 25.077298,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 3238347.5,
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        "fair_value": 61.657402,
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        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 13.874831,
        "energy": 21.931649,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 83.300003,
        "volume": 1641160,
        "typical_volume": 3237217.05,
        "trend": 82.500001,
        "fair_value": 61.867447,
        "relative_strength": -19.678428,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 0.305901,
        "energy": 17.690206,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 89.199997,
        "volume": 2250393,
        "typical_volume": 3313076.2,
        "trend": 83.226667,
        "fair_value": 62.117099,
        "relative_strength": -15.08339,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.193479,
        "energy": 19.471106,
        "activity_lines": [
          86.786666,
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      },
      {
        "date": "2026-08-14",
        "close": 90.0,
        "volume": 2213565,
        "typical_volume": 3392622.5,
        "trend": 83.983334,
        "fair_value": 62.374261,
        "relative_strength": -16.251502,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.840637,
        "energy": 15.872557,
        "activity_lines": [
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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."
    }
  }
}