{
  "ticker": {
    "uuid": "27fb8db1-5d40-4e1f-91a8-f31b682fe913",
    "symbol": "2239",
    "name": "Cayman Engley Industrial Co., Ltd.",
    "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": "2026-08-21",
    "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": -63.447,
    "architecture_energy": 54.82,
    "architecture_maturity": 60.257,
    "architecture_confidence": 82.245,
    "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": 10.6,
        "rotation_up": 15.1,
        "upward_expansion": 8.39,
        "deceleration": 47.21,
        "rotation_down": 68.06,
        "downward_expansion": 84.05
      },
      "activity_lines": [
        19.653333,
        20.168182,
        21.174762,
        21.842366
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 20.15,
    "trend_reference": 23.113333,
    "distance_from_trend": -0.128209,
    "trend_direction": "Weakening",
    "fair_value": 40.066515,
    "distance_from_fair_value": -0.497086,
    "fair_value_direction": "Weakening",
    "relative_strength": -48.214526,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.257827,
    "excess_performance": -0.603559,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.128209,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.161598,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.497086,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000669,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.482145,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023928,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.257827,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.864087,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 168000,
      "relative_activity": 0.425787,
      "balance": 0.864087,
      "dry_up": 1.152603,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.082077,
      "annualized_volatility": 0.338171,
      "from_high_reference": -0.483995,
      "from_low_reference": 0.086253
    },
    "levels": {
      "trend_reference": 23.113333,
      "fair_value_reference": 40.066515,
      "structural_low": 18.549999,
      "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": 39,
        "median_return": -0.01406,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.038786,
        "regime_survival": 0.820513,
        "best_return": 0.271605,
        "worst_return": -0.134228,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.003295,
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        "median_excess_return": -0.093304,
        "regime_survival": 0.461538,
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        "worst_return": -0.313194,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.016383,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.102939,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.5,
        "best_return": 0.175849,
        "worst_return": -0.29904,
        "sufficient": false
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        "start": "2023-09-22",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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      {
        "regime": "downward_expansion",
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        "tenure": "Developing",
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      },
      {
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        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "active": false
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        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
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      },
      {
        "date": "2026-08-07",
        "close": 19.65,
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        "typical_volume": 411363.4,
        "trend": 23.953333,
        "fair_value": 40.667439,
        "relative_strength": -50.080981,
        "stage": 4,
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        "modifier": "Established contraction",
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          19.96,
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      },
      {
        "date": "2026-08-14",
        "close": 18.799999,
        "volume": 440000,
        "typical_volume": 409263.35,
        "trend": 23.465,
        "fair_value": 40.347461,
        "relative_strength": -53.097976,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.311011,
        "energy": 73.521173,
        "activity_lines": [
          19.49,
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          21.345,
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      },
      {
        "date": "2026-08-21",
        "close": 20.15,
        "volume": 168000,
        "typical_volume": 394563.35,
        "trend": 23.113333,
        "fair_value": 40.066515,
        "relative_strength": -48.214526,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.447487,
        "energy": 54.819966,
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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."
    }
  }
}