{
  "ticker": {
    "uuid": "3e532599-1b48-4c87-acd3-fee275722e9e",
    "symbol": "6237",
    "name": "C-Media Electronics Inc.",
    "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": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -37.006,
    "architecture_energy": 62.372,
    "architecture_maturity": 16.443,
    "architecture_confidence": 71.887,
    "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": 22.52,
        "rotation_up": 16.48,
        "upward_expansion": 21.88,
        "deceleration": 43.3,
        "rotation_down": 71.61,
        "downward_expansion": 63.54
      },
      "activity_lines": [
        33.879999,
        36.808091,
        40.46326,
        40.515016
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 34.099998,
    "trend_reference": 40.380823,
    "distance_from_trend": -0.15554,
    "trend_direction": "Weakening",
    "fair_value": 46.329257,
    "distance_from_fair_value": -0.263964,
    "fair_value_direction": "Weakening",
    "relative_strength": -41.504686,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.102815,
    "excess_performance": -0.544187,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.15554,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008236,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.263964,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.250395,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.415047,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.168395,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.102815,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.709055,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1107045,
      "relative_activity": 0.224931,
      "balance": 0.709055,
      "dry_up": 0.27062,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.162916,
      "annualized_volatility": 0.483885,
      "from_high_reference": -0.415679,
      "from_low_reference": 0.136667
    },
    "levels": {
      "trend_reference": 40.380823,
      "fair_value_reference": 46.329257,
      "structural_low": 30.0,
      "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": 7,
        "median_return": 0.021066,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.052286,
        "regime_survival": 0.285714,
        "best_return": 0.237864,
        "worst_return": -0.3408,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.102653,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.202844,
        "regime_survival": 0.0,
        "best_return": -0.05824,
        "worst_return": -0.2064,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.010294,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.279046,
        "regime_survival": 0.0,
        "best_return": 0.231723,
        "worst_return": -0.4176,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.240085,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.294885,
        "regime_survival": 0.333333,
        "best_return": 0.207815,
        "worst_return": -0.600297,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.129662,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.073998,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.256055,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.182675,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.160622,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.109937,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.150794,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.050806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.072993,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.153237,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.199125,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.101392,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.273379,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.019432,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
        "close": 35.667839,
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        "typical_volume": 2140100.0,
        "trend": 43.687313,
        "fair_value": 68.187334,
        "relative_strength": -26.500149,
        "stage": 4,
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      },
      {
        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-04-24",
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      },
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      },
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      },
      {
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      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
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        "relative_strength": -37.505961,
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      },
      {
        "date": "2026-07-24",
        "close": 34.849998,
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        "typical_volume": 4871982.5,
        "trend": 41.105944,
        "fair_value": 46.452865,
        "relative_strength": -39.766098,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -31.68908,
        "energy": 32.760955,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 32.799999,
        "volume": 1830026,
        "typical_volume": 4923479.4,
        "trend": 40.829269,
        "fair_value": 46.397165,
        "relative_strength": -41.857099,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.940111,
        "energy": 51.046687,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 33.450001,
        "volume": 939662,
        "typical_volume": 4908716.45,
        "trend": 40.597538,
        "fair_value": 46.354803,
        "relative_strength": -41.34814,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.373577,
        "energy": 58.564025,
        "activity_lines": [
          34.43322,
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      },
      {
        "date": "2026-08-14",
        "close": 34.099998,
        "volume": 1107045,
        "typical_volume": 4921707.5,
        "trend": 40.380823,
        "fair_value": 46.329257,
        "relative_strength": -41.504686,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.005956,
        "energy": 62.371618,
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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."
    }
  }
}