{
  "ticker": {
    "uuid": "33c32109-1f2c-4fa4-8b32-1d87faed5b53",
    "symbol": "6848",
    "name": "RBC Bioscience Corporation",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 85.476,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 54.554,
    "architecture_energy": 29.416,
    "architecture_maturity": 54.612,
    "architecture_confidence": 77.266,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 32.02,
        "rotation_up": 37.2,
        "upward_expansion": 61.87,
        "deceleration": 87.86,
        "rotation_down": 24.55,
        "downward_expansion": 14.2
      },
      "activity_lines": [
        20.066666,
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        19.602769,
        18.766457
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 21.549999,
    "trend_reference": 17.707807,
    "distance_from_trend": 0.216977,
    "trend_direction": "Improving",
    "fair_value": 15.422623,
    "distance_from_fair_value": 0.397298,
    "fair_value_direction": "Improving",
    "relative_strength": -10.051042,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.378619,
    "excess_performance": -0.062753,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.216977,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.081167,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.397298,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.175263,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.10051,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.149744,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.378619,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.606262,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 469741,
      "relative_activity": 2.241895,
      "balance": 1.606262,
      "dry_up": 0.96523,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.095231,
      "annualized_volatility": 0.391682,
      "from_high_reference": -0.091927,
      "from_low_reference": 0.590715
    },
    "levels": {
      "trend_reference": 17.707807,
      "fair_value_reference": 15.422623,
      "structural_low": 13.547369,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.020619,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.006945,
        "regime_survival": 0.333333,
        "best_return": 0.02139,
        "worst_return": -0.045918,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.045844,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.020838,
        "regime_survival": 0.0,
        "best_return": 0.068728,
        "worst_return": 0.022959,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.017835,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.065976,
        "regime_survival": 0.0,
        "best_return": 0.079038,
        "worst_return": -0.043367,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.338705,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.053316,
        "regime_survival": 0.0,
        "best_return": 0.69031,
        "worst_return": -0.0129,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.02551,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.112565,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-21",
        "end": "2025-03-07",
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        "return": 0.012755,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.115385,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.080692,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.046632,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.002507,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.028571,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-01-09",
        "tenure": "Developing",
        "return": -0.014749,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-04-10",
        "tenure": "Developing",
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        "active": false
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      {
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        "active": false
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        "regime": "upward_expansion",
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        "active": false
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        "regime": "deceleration",
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        "active": true
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-10",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 182588.15,
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        "relative_strength": -14.446638,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.43488,
        "energy": 50.558883,
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          20.439649,
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      },
      {
        "date": "2026-07-31",
        "close": 19.049999,
        "volume": 206528,
        "typical_volume": 191652.95,
        "trend": 17.418684,
        "fair_value": 15.333533,
        "relative_strength": -17.167553,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 44.250061,
        "energy": 30.904048,
        "activity_lines": [
          19.950702,
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      },
      {
        "date": "2026-08-07",
        "close": 19.049999,
        "volume": 38645,
        "typical_volume": 187335.05,
        "trend": 17.516842,
        "fair_value": 15.369034,
        "relative_strength": -18.246844,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.619081,
        "energy": 20.173414,
        "activity_lines": [
          19.483333,
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          18.506254
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      },
      {
        "date": "2026-08-14",
        "close": 21.549999,
        "volume": 469741,
        "typical_volume": 209528.55,
        "trend": 17.707807,
        "fair_value": 15.422623,
        "relative_strength": -10.051042,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.553826,
        "energy": 29.415764,
        "activity_lines": [
          20.066666,
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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."
    }
  }
}