{
  "ticker": {
    "uuid": "370ee3ef-ae40-428e-bc9f-39b86a24884d",
    "symbol": "2207",
    "name": "Hotai Motor 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": "2026-08-21",
    "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": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 33.089,
    "architecture_energy": 57.306,
    "architecture_maturity": 12.782,
    "architecture_confidence": 50.518,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 30.29,
        "rotation_up": 63.61,
        "upward_expansion": 57.45,
        "deceleration": 27.29,
        "rotation_down": 17.34,
        "downward_expansion": 20.45
      },
      "activity_lines": [
        520.233333,
        509.090909,
        492.490681,
        488.284047
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 518.0,
    "trend_reference": 488.780196,
    "distance_from_trend": 0.059781,
    "trend_direction": "Weakening",
    "fair_value": 556.976074,
    "distance_from_fair_value": -0.069978,
    "fair_value_direction": "Improving",
    "relative_strength": -28.012346,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.016273,
    "excess_performance": -0.362005,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.059781,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.03601,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.069978,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.158228,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.280123,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.171851,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.016273,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.791255,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1069289,
      "relative_activity": 0.351715,
      "balance": 1.791255,
      "dry_up": 0.789135,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058086,
      "annualized_volatility": 0.346489,
      "from_high_reference": -0.146815,
      "from_low_reference": 0.184355
    },
    "levels": {
      "trend_reference": 488.780196,
      "fair_value_reference": 556.976074,
      "structural_low": 437.368727,
      "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": 9,
        "median_return": -0.022913,
        "positive_rate": 0.111111,
        "directional_follow_through": 0.111111,
        "median_excess_return": -0.030729,
        "regime_survival": 0.333333,
        "best_return": 0.023451,
        "worst_return": -0.101881,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.062055,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.092165,
        "regime_survival": 0.0,
        "best_return": 0.020062,
        "worst_return": -0.105738,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.009982,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.120672,
        "regime_survival": 0.0,
        "best_return": 0.045226,
        "worst_return": -0.109397,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.053072,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.141709,
        "regime_survival": 0.25,
        "best_return": 0.289831,
        "worst_return": -0.196625,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.003268,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": 0.018062,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.032457,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.015583,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.02649,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
        "return": 0.003472,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.04811,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-09",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.007299,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "active": false
      },
      {
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      {
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        "active": true
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    ],
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      },
      {
        "date": "2026-07-31",
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        "volume": 4969708,
        "typical_volume": 3134997.45,
        "trend": 489.549349,
        "fair_value": 559.627465,
        "relative_strength": -21.708141,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.493608,
        "energy": 60.837007,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 516.0,
        "volume": 2134621,
        "typical_volume": 3104248.75,
        "trend": 489.292965,
        "fair_value": 558.655406,
        "relative_strength": -28.520306,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.509778,
        "energy": 57.192577,
        "activity_lines": [
          516.066667,
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      },
      {
        "date": "2026-08-14",
        "close": 514.0,
        "volume": 1422943,
        "typical_volume": 3076553.75,
        "trend": 489.033856,
        "fair_value": 557.814424,
        "relative_strength": -30.370073,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.961989,
        "energy": 58.365581,
        "activity_lines": [
          518.733333,
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      },
      {
        "date": "2026-08-21",
        "close": 518.0,
        "volume": 1069289,
        "typical_volume": 3040215.75,
        "trend": 488.780196,
        "fair_value": 556.976074,
        "relative_strength": -28.012346,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.088726,
        "energy": 57.306329,
        "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."
    }
  }
}