{ "ticker": { "uuid": "3207bc4f-639c-4c2f-8774-4651a2c7ce09", "symbol": "4994", "name": "X-Legend Entertainment 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": 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -53.586, "architecture_energy": 28.813, "architecture_maturity": 14.628, "architecture_confidence": 95.092, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 38.86, "rotation_up": 25.43, "upward_expansion": 9.77, "deceleration": 39.17, "rotation_down": 44.89, "downward_expansion": 71.44 }, "activity_lines": [ 88.693332, 89.758181, 89.911538, 90.944378 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 85.099998, "trend_reference": 92.787998, "distance_from_trend": -0.082856, "trend_direction": "Weakening", "fair_value": 88.473035, "distance_from_fair_value": -0.038125, "fair_value_direction": "Weakening", "relative_strength": -35.187818, "relative_strength_direction": "Improving", "price_momentum": -0.117891, "excess_performance": -0.559263, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.082856, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010403, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.038125, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.063597, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.351878, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006939, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.117891, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.669346, "read": "Supply-led" } ], "volume": { "latest": 66300, "relative_activity": 0.486872, "balance": 0.669346, "dry_up": 0.906605, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.07564, "annualized_volatility": 0.241255, "from_high_reference": -0.199687, "from_low_reference": 0.115773 }, "levels": { "trend_reference": 92.787998, "fair_value_reference": 88.473035, "structural_low": 76.270001, "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": 17, "median_return": -0.006129, "positive_rate": 0.235294, "directional_follow_through": 0.235294, "median_excess_return": -0.044897, "regime_survival": 0.588235, "best_return": 0.149817, "worst_return": -0.106667, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.007194, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.106676, "regime_survival": 0.444444, "best_return": 0.080918, "worst_return": -0.115768, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.049691, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.104505, "regime_survival": 0.4, "best_return": 0.073142, "worst_return": -0.162835, "sufficient": 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"activity_lines": [ 91.746666, 90.527151, 90.735681, 91.912758 ] }, { "date": "2026-07-31", "close": 92.800003, "volume": 105034, "typical_volume": 133263.0, "trend": 93.440775, "fair_value": 88.15448, "relative_strength": -26.792252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.512231, "energy": 10.338743, "activity_lines": [ 92.293334, 91.149576, 90.877983, 91.871002 ] }, { "date": "2026-08-07", "close": 87.199997, "volume": 218230, "typical_volume": 138166.1, "trend": 93.221886, "fair_value": 88.318253, "relative_strength": -32.076384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.17388, "energy": 12.000485, "activity_lines": [ 90.726666, 90.637818, 90.491554, 91.468371 ] }, { "date": "2026-08-14", "close": 85.099998, "volume": 66300, "typical_volume": 136175.4, "trend": 92.787998, "fair_value": 88.473035, "relative_strength": -35.187818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.585588, "energy": 28.813377, "activity_lines": [ 88.693332, 89.758181, 89.911538, 90.944378 ] } ], "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." } } }