{
  "ticker": {
    "uuid": "42d835bf-186f-43f8-9088-29581bf53182",
    "symbol": "6197",
    "name": "JPC Connectivity Inc.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 30.889,
    "architecture_energy": 23.774,
    "architecture_maturity": 78.959,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 45.72,
        "rotation_up": 19.57,
        "upward_expansion": 53.84,
        "deceleration": 93.9,
        "rotation_down": 31.76,
        "downward_expansion": 19.84
      },
      "activity_lines": [
        296.6,
        309.583701,
        303.050307,
        275.556133
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 290.5,
    "trend_reference": 237.243156,
    "distance_from_trend": 0.224482,
    "trend_direction": "Improving",
    "fair_value": 148.303313,
    "distance_from_fair_value": 0.958823,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.920337,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.065482,
    "excess_performance": 0.719749,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.224482,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.348141,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.958823,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.024847,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.119203,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.036706,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.065482,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 11.00064,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4071184,
      "relative_activity": 0.219617,
      "balance": 11.00064,
      "dry_up": 0.44288,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.132029,
      "annualized_volatility": 0.643324,
      "from_high_reference": -0.229137,
      "from_low_reference": 1.333832
    },
    "levels": {
      "trend_reference": 237.243156,
      "fair_value_reference": 148.303313,
      "structural_low": 135.744623,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.003912,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.011264,
        "regime_survival": 0.5,
        "best_return": 0.205047,
        "worst_return": -0.161725,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.043576,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.007718,
        "regime_survival": 0.166667,
        "best_return": 1.121588,
        "worst_return": -0.17096,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.101539,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.200912,
        "regime_survival": 0.0,
        "best_return": 1.360425,
        "worst_return": -0.083067,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.604284,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.501229,
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        "best_return": 0.852807,
        "worst_return": 0.355761,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-31",
        "tenure": "New",
        "return": -0.025237,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.067844,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-02",
        "end": "2024-11-15",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-13",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": -0.056856,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.118948,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.16,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-01-09",
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        "return": 0.034843,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "New",
        "return": -0.043919,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": 0.181818,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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        "end": "2026-04-03",
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        "return": -0.194373,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-08-07",
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      },
      {
        "date": "2026-08-14",
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        "stage": 2,
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      },
      {
        "date": "2026-08-21",
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        "typical_volume": 18537648.85,
        "trend": 237.243156,
        "fair_value": 148.303313,
        "relative_strength": 11.920337,
        "stage": 2,
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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."
    }
  }
}