{
  "ticker": {
    "uuid": "2cb09b51-6674-4ef9-9ad3-b1c590a5b27c",
    "symbol": "6709",
    "name": "Advagene Biopharma 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": 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": -40.694,
    "architecture_energy": 26.205,
    "architecture_maturity": 68.504,
    "architecture_confidence": 65.517,
    "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": 38.56,
        "rotation_up": 22.56,
        "upward_expansion": 9.36,
        "deceleration": 65.54,
        "rotation_down": 40.3,
        "downward_expansion": 68.36
      },
      "activity_lines": [
        24.71,
        24.678182,
        25.007468,
        25.84108
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 25.0,
    "trend_reference": 27.118946,
    "distance_from_trend": -0.078135,
    "trend_direction": "Weakening",
    "fair_value": 24.584733,
    "distance_from_fair_value": 0.016891,
    "fair_value_direction": "Improving",
    "relative_strength": -37.991492,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.244713,
    "excess_performance": -0.686085,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.078135,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052523,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.016891,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.012286,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.379915,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.014381,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.244713,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.516846,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 86346,
      "relative_activity": 0.285029,
      "balance": 0.516846,
      "dry_up": 0.664395,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.075538,
      "annualized_volatility": 0.301876,
      "from_high_reference": -0.390244,
      "from_low_reference": 0.157407
    },
    "levels": {
      "trend_reference": 27.118946,
      "fair_value_reference": 24.584733,
      "structural_low": 22.5,
      "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": 37,
        "median_return": 0.0,
        "positive_rate": 0.486486,
        "directional_follow_through": 0.486486,
        "median_excess_return": -0.018965,
        "regime_survival": 0.783784,
        "best_return": 0.410995,
        "worst_return": -0.158562,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.016452,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.083755,
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        "best_return": 0.24,
        "worst_return": -0.130435,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.106856,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.857143,
        "median_excess_return": -0.13354,
        "regime_survival": 0.714286,
        "best_return": 0.808824,
        "worst_return": -0.225,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.201458,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.234986,
        "regime_survival": 0.75,
        "best_return": 0.548718,
        "worst_return": -0.3134,
        "sufficient": false
      }
    ],
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        "start": "2024-09-06",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.045643,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-15",
        "tenure": "New",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.137097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-05-15",
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      },
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        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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        "date": "2026-07-03",
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        "energy": 54.683656,
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 24.688735,
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        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 46.213742,
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      },
      {
        "date": "2026-07-24",
        "close": 24.0,
        "volume": 83667,
        "typical_volume": 295796.75,
        "trend": 27.403946,
        "fair_value": 24.658669,
        "relative_strength": -38.870697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.351337,
        "energy": 44.357068,
        "activity_lines": [
          24.466667,
          24.75,
          25.311541,
          26.333242
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.299999,
        "volume": 252455,
        "typical_volume": 301411.0,
        "trend": 27.242279,
        "fair_value": 24.626974,
        "relative_strength": -39.511688,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.869032,
        "energy": 49.750966,
        "activity_lines": [
          24.046666,
          24.416363,
          25.042643,
          26.068471
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.9,
        "volume": 382612,
        "typical_volume": 310395.75,
        "trend": 27.182279,
        "fair_value": 24.608451,
        "relative_strength": -34.002521,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.022457,
        "energy": 35.69614,
        "activity_lines": [
          24.553333,
          24.629091,
          25.057794,
          25.981872
        ]
      },
      {
        "date": "2026-08-14",
        "close": 25.0,
        "volume": 86346,
        "typical_volume": 302937.15,
        "trend": 27.118946,
        "fair_value": 24.584733,
        "relative_strength": -37.991492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.694349,
        "energy": 26.205376,
        "activity_lines": [
          24.71,
          24.678182,
          25.007468,
          25.84108
        ]
      }
    ],
    "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."
    }
  }
}