{
  "ticker": {
    "uuid": "36d97e5b-8ba3-4ff2-a348-c08db854d79a",
    "symbol": "2302",
    "name": "Rectron Limited",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 39.906,
    "architecture_energy": 26.742,
    "architecture_maturity": 74.86,
    "architecture_confidence": 96,
    "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": 33.52,
        "rotation_up": 28.0,
        "upward_expansion": 61.4,
        "deceleration": 91.13,
        "rotation_down": 27.04,
        "downward_expansion": 16.07
      },
      "activity_lines": [
        41.276667,
        42.775008,
        38.681284,
        33.957501
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 42.200001,
    "trend_reference": 28.423442,
    "distance_from_trend": 0.48469,
    "trend_direction": "Improving",
    "fair_value": 19.363379,
    "distance_from_fair_value": 1.179372,
    "fair_value_direction": "Improving",
    "relative_strength": 35.087963,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.310378,
    "excess_performance": 0.869006,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.48469,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.418405,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.179372,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.769274,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.35088,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.398485,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.310378,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.872162,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26904982,
      "relative_activity": 1.031212,
      "balance": 3.872162,
      "dry_up": 0.862369,
      "accumulation_observations": 6,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.204685,
      "annualized_volatility": 0.842115,
      "from_high_reference": -0.273666,
      "from_low_reference": 1.742642
    },
    "levels": {
      "trend_reference": 28.423442,
      "fair_value_reference": 19.363379,
      "structural_low": 16.528213,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.019791,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043394,
        "regime_survival": 0.5,
        "best_return": 0.099744,
        "worst_return": -0.060465,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.016893,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.150114,
        "regime_survival": 0.0,
        "best_return": 0.04298,
        "worst_return": -0.076765,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.825821,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.483102,
        "regime_survival": 0.0,
        "best_return": 1.69914,
        "worst_return": -0.047498,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.079426,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.415276,
        "regime_survival": 0.0,
        "best_return": -0.079426,
        "worst_return": -0.079426,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.085097,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.060109,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.037037,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.024133,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.046154,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.155425,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.038265,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "return": -0.016317,
        "active": true
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    ],
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 18.905281,
        "relative_strength": 47.659684,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 36.75,
        "volume": 14345983,
        "typical_volume": 24073267.05,
        "trend": 26.756489,
        "fair_value": 19.031886,
        "relative_strength": 27.053975,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 44.866728,
        "energy": 34.295013,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 42.900002,
        "volume": 20467240,
        "typical_volume": 24890688.15,
        "trend": 27.60246,
        "fair_value": 19.197008,
        "relative_strength": 43.301386,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.959721,
        "energy": 27.492174,
        "activity_lines": [
          41.163334,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 42.200001,
        "volume": 26904982,
        "typical_volume": 26090639.0,
        "trend": 28.423442,
        "fair_value": 19.363379,
        "relative_strength": 35.087963,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.906477,
        "energy": 26.741693,
        "activity_lines": [
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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."
    }
  }
}