{
  "ticker": {
    "uuid": "2fa6d067-6180-4170-a871-a51510312d3f",
    "symbol": "6534",
    "name": "CH Biotech R&D 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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 44.378,
    "architecture_energy": 38.89,
    "architecture_maturity": 22.349,
    "architecture_confidence": 59.208,
    "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": 37.67,
        "rotation_up": 58.55,
        "upward_expansion": 74.01,
        "deceleration": 45.09,
        "rotation_down": 11.56,
        "downward_expansion": 12.68
      },
      "activity_lines": [
        94.26,
        93.207273,
        93.298095,
        92.085694
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 94.599998,
    "trend_reference": 89.722947,
    "distance_from_trend": 0.054357,
    "trend_direction": "Improving",
    "fair_value": 80.599043,
    "distance_from_fair_value": 0.173711,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.230152,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.172168,
    "excess_performance": -0.269204,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.054357,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021243,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.173711,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.060052,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.282302,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.016142,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.172168,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.719539,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 678052,
      "relative_activity": 0.960663,
      "balance": 0.719539,
      "dry_up": 0.881267,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.042446,
      "annualized_volatility": 0.235674,
      "from_high_reference": -0.197041,
      "from_low_reference": 0.277905
    },
    "levels": {
      "trend_reference": 89.722947,
      "fair_value_reference": 80.599043,
      "structural_low": 74.027408,
      "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": 17,
        "median_return": 0.0,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.010824,
        "regime_survival": 0.470588,
        "best_return": 0.111524,
        "worst_return": -0.202797,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.111111,
        "best_return": 0.22138,
        "worst_return": -0.167593,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.017538,
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        "worst_return": -0.095862,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "worst_return": 0.078197,
        "sufficient": false
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        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
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      {
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        "modifier": "Value reclamation",
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        "direction": 34.018046,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 889088.45,
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 912646.35,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 931671.35,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
        "close": 89.699997,
        "volume": 503000,
        "typical_volume": 1025666.05,
        "trend": 87.666726,
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        "relative_strength": -34.638654,
        "stage": 4,
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      },
      {
        "date": "2026-06-19",
        "close": 93.0,
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        "typical_volume": 1022715.55,
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        "relative_strength": -35.052489,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 19.965524,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 960584.2,
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        "fair_value": 79.903422,
        "relative_strength": -27.961005,
        "stage": 3,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 933919.25,
        "trend": 88.787262,
        "fair_value": 80.053104,
        "relative_strength": -28.793416,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.342059,
        "energy": 14.300789,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 94.5,
        "volume": 603000,
        "typical_volume": 886855.35,
        "trend": 89.103996,
        "fair_value": 80.216426,
        "relative_strength": -25.420313,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 40.131356,
        "energy": 24.283759,
        "activity_lines": [
          92.853333,
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      },
      {
        "date": "2026-08-07",
        "close": 95.300003,
        "volume": 789000,
        "typical_volume": 748673.35,
        "trend": 89.431498,
        "fair_value": 80.413564,
        "relative_strength": -25.905544,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 45.51649,
        "energy": 34.840408,
        "activity_lines": [
          93.846667,
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          93.171429,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 94.599998,
        "volume": 678052,
        "typical_volume": 705816.9,
        "trend": 89.722947,
        "fair_value": 80.599043,
        "relative_strength": -28.230152,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 44.377525,
        "energy": 38.889698,
        "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."
    }
  }
}