{
  "ticker": {
    "uuid": "402d4b7b-a18e-44a4-8428-298a1d56992e",
    "symbol": "4523",
    "name": "Everbrite 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 88.491,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.959,
    "architecture_energy": 53.255,
    "architecture_maturity": 15.71,
    "architecture_confidence": 84.936,
    "architecture_tenure": "New",
    "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": 18.89,
        "rotation_up": 14.85,
        "upward_expansion": 9.25,
        "deceleration": 43.31,
        "rotation_down": 62.52,
        "downward_expansion": 82.58
      },
      "activity_lines": [
        24.863333,
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        26.018424,
        26.522437
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 24.5,
    "trend_reference": 27.112894,
    "distance_from_trend": -0.096371,
    "trend_direction": "Weakening",
    "fair_value": 34.916393,
    "distance_from_fair_value": -0.298324,
    "fair_value_direction": "Weakening",
    "relative_strength": -38.681469,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.059288,
    "excess_performance": -0.50066,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.096371,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023011,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.298324,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003224,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.386815,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.041134,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.059288,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.541757,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 588724,
      "relative_activity": 0.696936,
      "balance": 1.541757,
      "dry_up": 0.606366,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.067924,
      "annualized_volatility": 0.356237,
      "from_high_reference": -0.330241,
      "from_low_reference": 0.051502
    },
    "levels": {
      "trend_reference": 27.112894,
      "fair_value_reference": 34.916393,
      "structural_low": 23.299999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.017755,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.00047,
        "regime_survival": 0.777778,
        "best_return": 0.1843,
        "worst_return": -0.15115,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
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        "regime_survival": 0.428571,
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        "worst_return": -0.118577,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "positive_rate": 0.6,
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        "worst_return": -0.16687,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.205674,
        "sufficient": false
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        "end": "2024-07-26",
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "color": "teal",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "regime": "balance",
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        "active": false
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      {
        "regime": "deceleration",
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        "end": "2025-10-17",
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      {
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 35.595012,
        "relative_strength": -39.101258,
        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1098067.05,
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        "fair_value": 35.458732,
        "relative_strength": -40.425685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.702102,
        "energy": 75.062721,
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          24.942,
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          26.491256,
          26.917934
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.1,
        "volume": 788089,
        "typical_volume": 909476.55,
        "trend": 27.158818,
        "fair_value": 35.299764,
        "relative_strength": -35.498631,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.330442,
        "energy": 70.886451,
        "activity_lines": [
          24.776667,
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          26.31905,
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      },
      {
        "date": "2026-08-07",
        "close": 25.799999,
        "volume": 260008,
        "typical_volume": 854063.0,
        "trend": 27.14764,
        "fair_value": 35.099088,
        "relative_strength": -34.297278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.204239,
        "energy": 63.304751,
        "activity_lines": [
          24.986666,
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          26.225173,
          26.693253
        ]
      },
      {
        "date": "2026-08-14",
        "close": 24.5,
        "volume": 588724,
        "typical_volume": 844732.05,
        "trend": 27.112894,
        "fair_value": 34.916393,
        "relative_strength": -38.681469,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.959466,
        "energy": 53.255104,
        "activity_lines": [
          24.863333,
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          26.018424,
          26.522437
        ]
      }
    ],
    "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."
    }
  }
}