{
  "ticker": {
    "uuid": "36d639f4-4905-4663-9571-2c86e7cc0488",
    "symbol": "3114",
    "name": "Howteh Technology Co., Ltd.",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 65.307,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 16.092,
    "architecture_energy": 19.832,
    "architecture_maturity": 66.084,
    "architecture_confidence": 75.195,
    "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": 44.34,
        "rotation_up": 19.02,
        "upward_expansion": 53.44,
        "deceleration": 91.02,
        "rotation_down": 46.73,
        "downward_expansion": 26.44
      },
      "activity_lines": [
        34.076666,
        37.0,
        36.630714,
        34.344839
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 33.5,
    "trend_reference": 31.498333,
    "distance_from_trend": 0.063548,
    "trend_direction": "Improving",
    "fair_value": 25.942958,
    "distance_from_fair_value": 0.291295,
    "fair_value_direction": "Improving",
    "relative_strength": -14.441869,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.306043,
    "excess_performance": -0.135329,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.063548,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.178095,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.291295,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.196791,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.144419,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.115916,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.306043,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.264795,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4183118,
      "relative_activity": 0.805146,
      "balance": 1.264795,
      "dry_up": 0.890524,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.226406,
      "annualized_volatility": 0.818765,
      "from_high_reference": -0.42735,
      "from_low_reference": 0.419492
    },
    "levels": {
      "trend_reference": 31.498333,
      "fair_value_reference": 25.942958,
      "structural_low": 24.65,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.016729,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.016034,
        "regime_survival": 0.533333,
        "best_return": 0.161654,
        "worst_return": -0.091589,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.039855,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.027221,
        "regime_survival": 0.142857,
        "best_return": 0.168224,
        "worst_return": -0.035714,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.047793,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.152357,
        "regime_survival": 0.333333,
        "best_return": 0.072106,
        "worst_return": -0.023098,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.069932,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.134516,
        "regime_survival": 0.0,
        "best_return": 0.090285,
        "worst_return": 0.026458,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-29",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.050725,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-07-26",
        "tenure": "Developing",
        "return": -0.033606,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-08-16",
        "tenure": "New",
        "return": -0.015038,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-11-22",
        "tenure": "Established",
        "return": 0.065666,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-29",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.05914,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.005792,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-07-25",
        "tenure": "Extended",
        "return": -0.016506,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.018868,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.014257,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.017078,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": -0.013944,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "New",
        "return": 0.03629,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": 0.184358,
        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "New",
        "return": 0.098361,
        "active": true
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 4442617.25,
        "trend": 30.646667,
        "fair_value": 25.756484,
        "relative_strength": -16.125738,
        "stage": 1,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.026642,
        "energy": 23.770148,
        "activity_lines": [
          37.346666,
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          33.694624
        ]
      },
      {
        "date": "2026-07-31",
        "close": 30.5,
        "volume": 2789108,
        "typical_volume": 4560410.45,
        "trend": 30.836667,
        "fair_value": 25.795744,
        "relative_strength": -18.010527,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.058247,
        "energy": 26.237405,
        "activity_lines": [
          33.843333,
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      },
      {
        "date": "2026-08-07",
        "close": 38.799999,
        "volume": 9305166,
        "typical_volume": 4997986.15,
        "trend": 31.238333,
        "fair_value": 25.883646,
        "relative_strength": 2.01193,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.314485,
        "energy": 26.869454,
        "activity_lines": [
          34.539999,
          38.322727,
          36.665476,
          34.198925
        ]
      },
      {
        "date": "2026-08-14",
        "close": 33.5,
        "volume": 4183118,
        "typical_volume": 5195476.2,
        "trend": 31.498333,
        "fair_value": 25.942958,
        "relative_strength": -14.441869,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.091918,
        "energy": 19.832467,
        "activity_lines": [
          34.076666,
          37.0,
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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."
    }
  }
}