{
  "ticker": {
    "uuid": "46b81c53-59a9-4111-b6ef-40241369df68",
    "symbol": "5493",
    "name": "Sanlien Technology Corp.",
    "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": 61.853,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -27.957,
    "architecture_energy": 45.237,
    "architecture_maturity": 7.47,
    "architecture_confidence": 63.834,
    "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": 44.25,
        "rotation_up": 17.95,
        "upward_expansion": 17.27,
        "deceleration": 44.71,
        "rotation_down": 58.07,
        "downward_expansion": 54.27
      },
      "activity_lines": [
        78.513333,
        81.20043,
        84.008708,
        83.904213
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 80.300003,
    "trend_reference": 83.941306,
    "distance_from_trend": -0.043379,
    "trend_direction": "Weakening",
    "fair_value": 74.092289,
    "distance_from_fair_value": 0.083784,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.073842,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.006295,
    "excess_performance": -0.435077,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.043379,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004672,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.083784,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.221073,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.320738,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.094398,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.006295,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.99728,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 278210,
      "relative_activity": 0.178875,
      "balance": 0.99728,
      "dry_up": 0.256692,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.101852,
      "annualized_volatility": 0.370868,
      "from_high_reference": -0.229599,
      "from_low_reference": 0.129395
    },
    "levels": {
      "trend_reference": 83.941306,
      "fair_value_reference": 74.092289,
      "structural_low": 71.099998,
      "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": 0.004167,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.012485,
        "regime_survival": 0.0,
        "best_return": 0.004167,
        "worst_return": 0.004167,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.097917,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.049023,
        "regime_survival": 0.0,
        "best_return": 0.097917,
        "worst_return": 0.097917,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.225,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.078921,
        "regime_survival": 0.0,
        "best_return": 0.225,
        "worst_return": 0.225,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 1.03125,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.686837,
        "regime_survival": 0.0,
        "best_return": 1.03125,
        "worst_return": 1.03125,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.09264,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.059172,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.125581,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.018018,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.13125,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.137106,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.13913,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.108021,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.069259,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.015873,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.037778,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.002247,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": -0.067925,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.021629,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
        "close": 43.174049,
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        "typical_volume": 323662.5,
        "trend": 43.361387,
        "fair_value": 36.870061,
        "relative_strength": -7.778236,
        "stage": 3,
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        "modifier": "Upper balance after advance",
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        "activity_lines": [
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      },
      {
        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
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      },
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      },
      {
        "date": "2026-05-01",
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      },
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      },
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1595627.5,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -26.851469,
        "stage": 3,
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      },
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        "date": "2026-06-19",
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        "relative_strength": -31.093471,
        "stage": 3,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 72.702231,
        "relative_strength": -29.989548,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.522841,
        "energy": 27.05098,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 86.100006,
        "volume": 803427,
        "typical_volume": 1820087.8,
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        "fair_value": 72.976837,
        "relative_strength": -30.49772,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 36.320932,
        "energy": 17.199888,
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      },
      {
        "date": "2026-07-17",
        "close": 79.5,
        "volume": 884408,
        "typical_volume": 1749017.3,
        "trend": 85.382275,
        "fair_value": 73.208857,
        "relative_strength": -31.132368,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.683406,
        "energy": 9.240239,
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          85.231577,
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      },
      {
        "date": "2026-07-24",
        "close": 80.0,
        "volume": 405257,
        "typical_volume": 1731495.1,
        "trend": 85.085214,
        "fair_value": 73.441842,
        "relative_strength": -31.601336,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.15972,
        "energy": 18.338354,
        "activity_lines": [
          82.998311,
          85.633262,
          85.95106,
          85.248131
        ]
      },
      {
        "date": "2026-07-31",
        "close": 74.099998,
        "volume": 609275,
        "typical_volume": 1737674.5,
        "trend": 84.533311,
        "fair_value": 73.634769,
        "relative_strength": -35.157265,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.54216,
        "energy": 39.562278,
        "activity_lines": [
          79.42482,
          83.261019,
          84.940244,
          84.539408
        ]
      },
      {
        "date": "2026-08-07",
        "close": 78.599998,
        "volume": 304224,
        "typical_volume": 1579528.1,
        "trend": 84.212207,
        "fair_value": 73.857101,
        "relative_strength": -32.067087,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.04358,
        "energy": 44.498273,
        "activity_lines": [
          78.299999,
          82.006234,
          84.383746,
          84.156613
        ]
      },
      {
        "date": "2026-08-14",
        "close": 80.300003,
        "volume": 278210,
        "typical_volume": 1555335.45,
        "trend": 83.941306,
        "fair_value": 74.092289,
        "relative_strength": -32.073842,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.956597,
        "energy": 45.23727,
        "activity_lines": [
          78.513333,
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          84.008708,
          83.904213
        ]
      }
    ],
    "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."
    }
  }
}