{
  "ticker": {
    "uuid": "3afe22f8-b8ec-4af1-ad34-181acc0ea0a3",
    "symbol": "6842",
    "name": "Nexora 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 59.83,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -37.055,
    "architecture_energy": 62.074,
    "architecture_maturity": 22.377,
    "architecture_confidence": 63.394,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 22.31,
        "rotation_up": 18.76,
        "upward_expansion": 22.86,
        "deceleration": 43.38,
        "rotation_down": 67.8,
        "downward_expansion": 64.53
      },
      "activity_lines": [
        69.306668,
        74.738182,
        88.153334,
        89.69785
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 70.400002,
    "trend_reference": 85.823333,
    "distance_from_trend": -0.17971,
    "trend_direction": "Improving",
    "fair_value": 55.258627,
    "distance_from_fair_value": 0.274009,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.560862,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.137318,
    "excess_performance": -0.304054,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.17971,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.148984,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.274009,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.813974,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.235609,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.696418,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.137318,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.938875,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 410418,
      "relative_activity": 0.238883,
      "balance": 0.938875,
      "dry_up": 0.309751,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.206949,
      "annualized_volatility": 0.824583,
      "from_high_reference": -0.590698,
      "from_low_reference": 1.05848
    },
    "levels": {
      "trend_reference": 85.823333,
      "fair_value_reference": 55.258627,
      "structural_low": 57.200001,
      "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": 1,
        "median_return": -0.018461,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.000967,
        "regime_survival": 0.0,
        "best_return": -0.018461,
        "worst_return": -0.018461,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.015767,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.031899,
        "regime_survival": 0.0,
        "best_return": 0.015767,
        "worst_return": 0.015767,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.1743,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.311938,
        "regime_survival": 0.0,
        "best_return": -0.1743,
        "worst_return": -0.1743,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.291923,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.629752,
        "regime_survival": 0.0,
        "best_return": -0.291923,
        "worst_return": -0.291923,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-09-01",
        "end": "2023-09-22",
        "tenure": "New",
        "return": -0.027692,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-29",
        "end": "2023-12-22",
        "tenure": "Established",
        "return": -0.019093,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-29",
        "end": "2024-01-12",
        "tenure": "New",
        "return": -0.056291,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-19",
        "end": "2024-05-03",
        "tenure": "Established",
        "return": 0.032787,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-10",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": -0.097122,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2025-01-03",
        "tenure": "Extended",
        "return": -0.031283,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.110988,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.038835,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-15",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.241636,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.033405,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2026-02-06",
        "tenure": "Established",
        "return": 0.318424,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-13",
        "end": "2026-06-05",
        "tenure": "Established",
        "return": 0.726496,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-12",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.238303,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.038251,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 66.445084,
        "volume": 440905,
        "typical_volume": 738997.8,
        "trend": 69.330244,
        "fair_value": 66.413132,
        "relative_strength": 2.073562,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -13.725092,
        "energy": 19.150507,
        "activity_lines": [
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      },
      {
        "date": "2023-08-18",
        "close": 67.742958,
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        "typical_volume": 640070.8,
        "trend": 69.68241,
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        "relative_strength": 4.952128,
        "stage": 2,
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        "modifier": "Momentum cooling",
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        "direction": -10.783651,
        "energy": 38.233512,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 601000.85,
        "trend": 69.894752,
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        "relative_strength": -5.812696,
        "stage": 4,
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        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -45.509281,
        "energy": 65.722515,
        "activity_lines": [
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      },
      {
        "date": "2023-09-01",
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        "stage": 4,
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        "direction": -41.604265,
        "energy": 66.815433,
        "activity_lines": [
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      },
      {
        "date": "2023-09-08",
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        "typical_volume": 441086.25,
        "trend": 70.349928,
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      },
      {
        "date": "2023-09-15",
        "close": 64.484184,
        "volume": 142807,
        "typical_volume": 403773.65,
        "trend": 70.612002,
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        "stage": 3,
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      },
      {
        "date": "2023-09-22",
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      },
      {
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      },
      {
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      },
      {
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      },
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      },
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      },
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      },
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      },
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        "date": "2023-11-17",
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      },
      {
        "date": "2023-11-24",
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      },
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        "date": "2023-12-08",
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        "date": "2023-12-29",
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      },
      {
        "date": "2026-05-01",
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      },
      {
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      },
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        "relative_strength": -17.788608,
        "stage": 3,
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      },
      {
        "date": "2026-07-24",
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        "volume": 811384,
        "typical_volume": 2072316.1,
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        "fair_value": 55.379283,
        "relative_strength": -16.257548,
        "stage": 3,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.864664,
        "energy": 48.065105,
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          77.239999,
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      },
      {
        "date": "2026-07-31",
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        "volume": 514755,
        "typical_volume": 1986223.1,
        "trend": 84.303333,
        "fair_value": 55.310491,
        "relative_strength": -23.688089,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.339134,
        "energy": 57.571703,
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      },
      {
        "date": "2026-08-07",
        "close": 68.300003,
        "volume": 392143,
        "typical_volume": 1900897.65,
        "trend": 85.053333,
        "fair_value": 55.271294,
        "relative_strength": -23.113735,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.730573,
        "energy": 57.570641,
        "activity_lines": [
          69.793334,
          77.1,
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          90.643226
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      },
      {
        "date": "2026-08-14",
        "close": 70.400002,
        "volume": 410418,
        "typical_volume": 1718074.45,
        "trend": 85.823333,
        "fair_value": 55.258627,
        "relative_strength": -23.560862,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.054506,
        "energy": 62.074432,
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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."
    }
  }
}