{ "ticker": { "uuid": "2d8257e2-7407-4f60-9b79-991a2334d9dd", "symbol": "6668", "name": "Zhong Yang Technology 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": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 56.482, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -12.503, "architecture_energy": 14.255, "architecture_maturity": 7.076, "architecture_confidence": 48.199, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 55.5, "rotation_up": 21.0, "upward_expansion": 14.15, "deceleration": 63.07, "rotation_down": 45.04, "downward_expansion": 39.15 }, "activity_lines": [ 35.550001, 36.056364, 37.220239, 37.013441 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 36.400002, "trend_reference": 36.831667, "distance_from_trend": -0.01172, "trend_direction": "Weakening", "fair_value": 45.853526, "distance_from_fair_value": -0.206168, "fair_value_direction": "Weakening", "relative_strength": -32.199219, "relative_strength_direction": "Improving", "price_momentum": 0.002755, "excess_performance": -0.342977, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01172, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.00692, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.206168, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.067602, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.321992, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.0452, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.002755, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.779904, "read": "Demand-led" } ], "volume": { "latest": 2220015, "relative_activity": 0.482514, "balance": 1.779904, "dry_up": 1.028244, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.116336, "annualized_volatility": 0.530139, "from_high_reference": -0.2749, "from_low_reference": 0.126935 }, "levels": { "trend_reference": 36.831667, "fair_value_reference": 45.853526, "structural_low": 32.299999, "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": 7, "median_return": -0.00969, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.005212, "regime_survival": 0.285714, "best_return": 0.024625, "worst_return": -0.116426, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.042827, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": 0.003778, "regime_survival": 0.0, "best_return": 0.160343, "worst_return": -0.102888, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.071735, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.095763, "regime_survival": 0.0, "best_return": 0.285714, "worst_return": -0.078759, "sufficient": true }, { "horizon": "Full 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"regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-27", "tenure": "Developing", "return": 0.522411, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": -0.021739, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-10-03", "tenure": "Developing", "return": -0.085714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.125298, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-15", "tenure": "Established", "return": -0.02356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", 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] }, { "date": "2026-07-24", "close": 33.950001, "volume": 1501236, "typical_volume": 3874553.15, "trend": 37.233333, "fair_value": 45.896154, "relative_strength": -38.900043, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.985308, "energy": 20.277807, "activity_lines": [ 36.046667, 38.03, 37.835, 37.414731 ] }, { "date": "2026-07-31", "close": 35.549999, "volume": 11147096, "typical_volume": 4375247.7, "trend": 37.136666, "fair_value": 45.875641, "relative_strength": -34.130287, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.24438, "energy": 22.566267, "activity_lines": [ 35.536667, 37.423636, 37.691905, 37.306129 ] }, { "date": "2026-08-07", "close": 34.400002, "volume": 2723303, "typical_volume": 4458552.85, "trend": 37.03, "fair_value": 45.858333, "relative_strength": -36.723876, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.242786, "energy": 34.874615, "activity_lines": [ 34.876667, 36.682728, 37.433334, 37.12957 ] }, { "date": "2026-08-14", "close": 35.75, "volume": 2833112, "typical_volume": 4534707.45, "trend": 36.92, "fair_value": 45.850961, "relative_strength": -35.394501, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.670008, "energy": 31.452517, "activity_lines": [ 35.033334, 36.280909, 37.299286, 37.046989 ] }, { "date": "2026-08-21", "close": 36.400002, "volume": 2220015, "typical_volume": 4600931.75, "trend": 36.831667, "fair_value": 45.853526, "relative_strength": -32.199219, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.502653, "energy": 14.25537, "activity_lines": [ 35.550001, 36.056364, 37.220239, 37.013441 ] } ], "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." } } }