{
  "ticker": {
    "uuid": "472db754-e698-4ca6-8a54-677a916c86a4",
    "symbol": "3567",
    "name": "ETREND Hightech 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": 1,
    "stage_name": "Basing",
    "phase": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 71.27,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -19.055,
    "architecture_energy": 27.444,
    "architecture_maturity": 7.287,
    "architecture_confidence": 61.032,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 43.26,
        "rotation_up": 18.03,
        "upward_expansion": 19.42,
        "deceleration": 54.57,
        "rotation_down": 59.08,
        "downward_expansion": 44.42
      },
      "activity_lines": [
        26.146667,
        26.895649,
        27.202542,
        26.99098
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 25.75,
    "trend_reference": 26.853299,
    "distance_from_trend": -0.041086,
    "trend_direction": "Improving",
    "fair_value": 29.736293,
    "distance_from_fair_value": -0.134055,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.486669,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.034634,
    "excess_performance": -0.476006,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.041086,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031711,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.134055,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.059982,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.294867,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.016994,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.034634,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.89181,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 258056,
      "relative_activity": 0.273051,
      "balance": 2.89181,
      "dry_up": 0.29444,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.082055,
      "annualized_volatility": 0.274172,
      "from_high_reference": -0.205839,
      "from_low_reference": 0.078708
    },
    "levels": {
      "trend_reference": 26.853299,
      "fair_value_reference": 29.736293,
      "structural_low": 24.016107,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.006039,
        "positive_rate": 0.608696,
        "directional_follow_through": 0.608696,
        "median_excess_return": -0.023176,
        "regime_survival": 0.652174,
        "best_return": 0.148515,
        "worst_return": -0.094467,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.032394,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.089602,
        "regime_survival": 0.363636,
        "best_return": 0.125468,
        "worst_return": -0.127132,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.084214,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.214929,
        "regime_survival": 0.333333,
        "best_return": 0.085967,
        "worst_return": -0.17139,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.149694,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.502662,
        "regime_survival": 0.0,
        "best_return": -0.082493,
        "worst_return": -0.193494,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-01-12",
        "tenure": "Developing",
        "return": -0.084746,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.094828,
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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      },
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      },
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-02",
        "end": "2025-02-28",
        "tenure": "Extended",
        "return": -0.086037,
        "active": false
      },
      {
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        "return": -0.023256,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-09-26",
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        "return": 0.051213,
        "active": false
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 950288.9,
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        "energy": 18.579908,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 25.6,
        "volume": 405001,
        "typical_volume": 955984.1,
        "trend": 26.745089,
        "fair_value": 29.76986,
        "relative_strength": -27.145625,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 12.346354,
        "energy": 11.106906,
        "activity_lines": [
          26.945212,
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      },
      {
        "date": "2026-08-07",
        "close": 26.35,
        "volume": 155014,
        "typical_volume": 944182.55,
        "trend": 26.81161,
        "fair_value": 29.755407,
        "relative_strength": -26.08815,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.66935,
        "energy": 18.21325,
        "activity_lines": [
          26.55944,
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          27.324015,
          27.059471
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      },
      {
        "date": "2026-08-14",
        "close": 25.75,
        "volume": 258056,
        "typical_volume": 945083.7,
        "trend": 26.853299,
        "fair_value": 29.736293,
        "relative_strength": -29.486669,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.054986,
        "energy": 27.4436,
        "activity_lines": [
          26.146667,
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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."
    }
  }
}