{
  "ticker": {
    "uuid": "3800feb0-c721-4339-85a4-d98fcf6cca62",
    "symbol": "6649",
    "name": "Taiwan Biomaterial 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -67.132,
    "architecture_energy": 57.788,
    "architecture_maturity": 64.076,
    "architecture_confidence": 89.45,
    "architecture_tenure": "Extended",
    "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": 26.33,
        "rotation_up": 13.91,
        "upward_expansion": 10.47,
        "deceleration": 40.96,
        "rotation_down": 64.85,
        "downward_expansion": 83.8
      },
      "activity_lines": [
        36.53,
        37.367273,
        38.122987,
        38.996055
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 35.450001,
    "trend_reference": 40.558195,
    "distance_from_trend": -0.125947,
    "trend_direction": "Weakening",
    "fair_value": 37.406458,
    "distance_from_fair_value": -0.052303,
    "fair_value_direction": "Weakening",
    "relative_strength": -47.767285,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.20941,
    "excess_performance": -0.650782,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.125947,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.077583,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.052303,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.094734,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.477673,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.041335,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.20941,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.349219,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 133001,
      "relative_activity": 0.394553,
      "balance": 0.349219,
      "dry_up": 1.756365,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.077683,
      "annualized_volatility": 0.292179,
      "from_high_reference": -0.548656,
      "from_low_reference": 0.038067
    },
    "levels": {
      "trend_reference": 40.558195,
      "fair_value_reference": 37.406458,
      "structural_low": 34.150002,
      "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": 27,
        "median_return": -0.013536,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.62963,
        "median_excess_return": -0.034431,
        "regime_survival": 0.925926,
        "best_return": 0.141264,
        "worst_return": -0.115468,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.067114,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.103568,
        "regime_survival": 0.777778,
        "best_return": 0.229508,
        "worst_return": -0.129125,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.119435,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.19472,
        "regime_survival": 0.6,
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        "worst_return": -0.20941,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.007992,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.068003,
        "regime_survival": 0.0,
        "best_return": 0.124126,
        "worst_return": -0.140109,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-02-03",
        "end": "2023-03-10",
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        "return": -0.086813,
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      {
        "regime": "deceleration",
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        "color": "amber",
        "start": "2023-03-17",
        "end": "2023-07-14",
        "tenure": "Established",
        "return": -0.105968,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2023-07-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-04",
        "end": "2024-04-19",
        "tenure": "Extended",
        "return": -0.141569,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-09-20",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-02-07",
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        "return": 0.090909,
        "active": false
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      {
        "regime": "upward_expansion",
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      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.158114,
        "active": false
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      {
        "date": "2026-05-01",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-24",
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        "trend": 41.586597,
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        "energy": 29.737639,
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          39.106219,
          39.97133
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      },
      {
        "date": "2026-07-31",
        "close": 37.0,
        "volume": 1396001,
        "typical_volume": 423501.25,
        "trend": 41.256882,
        "fair_value": 37.388558,
        "relative_strength": -43.418336,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 32.985505,
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          38.013333,
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      },
      {
        "date": "2026-08-07",
        "close": 36.200001,
        "volume": 286009,
        "typical_volume": 392601.0,
        "trend": 40.923295,
        "fair_value": 37.393687,
        "relative_strength": -45.405401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.792221,
        "energy": 39.255097,
        "activity_lines": [
          37.323333,
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      },
      {
        "date": "2026-08-14",
        "close": 35.450001,
        "volume": 133001,
        "typical_volume": 337092.45,
        "trend": 40.558195,
        "fair_value": 37.406458,
        "relative_strength": -47.767285,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.132013,
        "energy": 57.788209,
        "activity_lines": [
          36.53,
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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."
    }
  }
}