{
  "ticker": {
    "uuid": "34a42965-c343-4447-8669-69eb46a52213",
    "symbol": "2477",
    "name": "Meiloon Industrial 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": 82.293,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.381,
    "architecture_energy": 22.363,
    "architecture_maturity": 42.812,
    "architecture_confidence": 80.182,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 32.36,
        "rotation_up": 24.32,
        "upward_expansion": 8.06,
        "deceleration": 52.59,
        "rotation_down": 43.17,
        "downward_expansion": 70.06
      },
      "activity_lines": [
        21.533333,
        21.541818,
        21.638265,
        21.837905
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 21.049999,
    "trend_reference": 22.209238,
    "distance_from_trend": -0.052196,
    "trend_direction": "Weakening",
    "fair_value": 21.525972,
    "distance_from_fair_value": -0.022112,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.022165,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.045908,
    "excess_performance": -0.48728,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.052196,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.013751,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.022112,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.007025,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.340222,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019743,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.045908,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.133027,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 895101,
      "relative_activity": 0.804782,
      "balance": 2.133027,
      "dry_up": 0.683789,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.064133,
      "annualized_volatility": 0.231706,
      "from_high_reference": -0.209708,
      "from_low_reference": 0.045703
    },
    "levels": {
      "trend_reference": 22.209238,
      "fair_value_reference": 21.525972,
      "structural_low": 20.35,
      "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": 26,
        "median_return": 0.032539,
        "positive_rate": 0.576923,
        "directional_follow_through": 0.423077,
        "median_excess_return": -0.001625,
        "regime_survival": 0.846154,
        "best_return": 0.258216,
        "worst_return": -0.261261,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.007177,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.010527,
        "regime_survival": 0.555556,
        "best_return": 0.191326,
        "worst_return": -0.23077,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.034282,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.18901,
        "regime_survival": 0.2,
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        "worst_return": -0.149867,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "best_return": 0.608666,
        "worst_return": -0.189645,
        "sufficient": false
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        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-03-08",
        "tenure": "Developing",
        "return": 0.025641,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.11,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
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        "regime": "upward_expansion",
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      {
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": 0.043053,
        "active": false
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      {
        "regime": "downward_expansion",
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        "color": "red",
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        "return": -0.177325,
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        "regime": "rotation_up",
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        "date": "2026-04-24",
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      },
      {
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        "stage": 4,
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          21.698156,
          21.961988
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      },
      {
        "date": "2026-07-31",
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        "volume": 646664,
        "typical_volume": 1103160.2,
        "trend": 22.294714,
        "fair_value": 21.47822,
        "relative_strength": -29.509217,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -48.319772,
        "energy": 35.165792,
        "activity_lines": [
          21.396666,
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          21.665891,
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      },
      {
        "date": "2026-08-07",
        "close": 22.35,
        "volume": 922314,
        "typical_volume": 1100111.1,
        "trend": 22.293286,
        "fair_value": 21.505287,
        "relative_strength": -28.202743,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.567828,
        "energy": 16.057278,
        "activity_lines": [
          21.683333,
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          21.712197,
          21.918117
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      },
      {
        "date": "2026-08-14",
        "close": 21.049999,
        "volume": 895101,
        "typical_volume": 1112228.45,
        "trend": 22.209238,
        "fair_value": 21.525972,
        "relative_strength": -34.022165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.380717,
        "energy": 22.362884,
        "activity_lines": [
          21.533333,
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          21.638265,
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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."
    }
  }
}