{
  "ticker": {
    "uuid": "33d9effb-cdbd-474c-b9d1-24d184422bbe",
    "symbol": "6405",
    "name": "Onano Industrial Corp.",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 50.779,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -26.319,
    "architecture_energy": 57.088,
    "architecture_maturity": 11.915,
    "architecture_confidence": 76.991,
    "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": 32.76,
        "rotation_up": 14.14,
        "upward_expansion": 27.06,
        "deceleration": 50.14,
        "rotation_down": 68.87,
        "downward_expansion": 54.39
      },
      "activity_lines": [
        38.7,
        45.141818,
        52.536191,
        50.09656
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 39.900002,
    "trend_reference": 45.545,
    "distance_from_trend": -0.123943,
    "trend_direction": "Improving",
    "fair_value": 30.881312,
    "distance_from_fair_value": 0.292044,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.976434,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.361775,
    "excess_performance": -0.079597,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.123943,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.220991,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.292044,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.787869,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.189764,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.558908,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.361775,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.451612,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2104321,
      "relative_activity": 0.279056,
      "balance": 1.451612,
      "dry_up": 0.473036,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.277039,
      "annualized_volatility": 0.950101,
      "from_high_reference": -0.552189,
      "from_low_reference": 0.712447
    },
    "levels": {
      "trend_reference": 45.545,
      "fair_value_reference": 30.881312,
      "structural_low": 28.799999,
      "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": 6,
        "median_return": 0.028351,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.026105,
        "regime_survival": 0.333333,
        "best_return": 0.146199,
        "worst_return": -0.061688,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.025086,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.033894,
        "regime_survival": 0.0,
        "best_return": 0.08055,
        "worst_return": -0.280468,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.013429,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.070704,
        "regime_survival": 0.25,
        "best_return": 0.959092,
        "worst_return": -0.166945,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.052633,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.085239,
        "regime_survival": 0.0,
        "best_return": 0.884696,
        "worst_return": -0.097574,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-24",
        "end": "2024-06-14",
        "tenure": "New",
        "return": 0.027601,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-21",
        "end": "2024-07-05",
        "tenure": "New",
        "return": 0.149798,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.098665,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.305011,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-12-06",
        "tenure": "Established",
        "return": -0.082487,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.092486,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-10",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.001669,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-09-12",
        "tenure": "Extended",
        "return": -0.130194,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.020913,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-17",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.013208,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.166016,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.974522,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.31149,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-14",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 24.756931,
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        "typical_volume": 936389.7,
        "trend": 22.424798,
        "fair_value": 22.116301,
        "relative_strength": 5.178488,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
        "date": "2023-09-08",
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      },
      {
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      },
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      },
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      },
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      },
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      },
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      },
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        "date": "2026-05-01",
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 30.546179,
        "relative_strength": -5.213983,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-24",
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        "volume": 4165726,
        "typical_volume": 7364963.6,
        "trend": 44.663334,
        "fair_value": 30.646378,
        "relative_strength": -17.943233,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.193218,
        "energy": 21.368899,
        "activity_lines": [
          48.123333,
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          56.553572,
          51.465377
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      },
      {
        "date": "2026-07-31",
        "close": 35.299999,
        "volume": 4331346,
        "typical_volume": 7434998.35,
        "trend": 44.893334,
        "fair_value": 30.718096,
        "relative_strength": -24.215729,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -34.559798,
        "energy": 40.675625,
        "activity_lines": [
          42.486666,
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          54.998572,
          50.861291
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.349998,
        "volume": 3667019,
        "typical_volume": 7555994.3,
        "trend": 45.21,
        "fair_value": 30.792828,
        "relative_strength": -19.514334,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.377947,
        "energy": 47.384092,
        "activity_lines": [
          39.546665,
          47.914545,
          53.712857,
          50.43914
        ]
      },
      {
        "date": "2026-08-14",
        "close": 39.900002,
        "volume": 2104321,
        "typical_volume": 7540864.45,
        "trend": 45.545,
        "fair_value": 30.881312,
        "relative_strength": -18.976434,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.318994,
        "energy": 57.088151,
        "activity_lines": [
          38.7,
          45.141818,
          52.536191,
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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."
    }
  }
}