{
  "ticker": {
    "uuid": "4902a982-4728-4ccb-b36e-8a732a35eb9a",
    "symbol": "5248",
    "name": "Pixon Technologies Corporation",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 31.383,
    "architecture_energy": 18.532,
    "architecture_maturity": 32.772,
    "architecture_confidence": 64.527,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 49.18,
        "rotation_up": 45.43,
        "upward_expansion": 66.34,
        "deceleration": 53.1,
        "rotation_down": 16.95,
        "downward_expansion": 9.68
      },
      "activity_lines": [
        38.186667,
        37.063636,
        38.898095,
        37.137419
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      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 38.200001,
    "trend_reference": 33.666667,
    "distance_from_trend": 0.134653,
    "trend_direction": "Improving",
    "fair_value": 27.568077,
    "distance_from_fair_value": 0.385661,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.839961,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.705357,
    "excess_performance": 0.263985,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.134653,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.14234,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.385661,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.242536,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.0584,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.209954,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.705357,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.873287,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 801708,
      "relative_activity": 0.31674,
      "balance": 1.873287,
      "dry_up": 0.901898,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.242247,
      "annualized_volatility": 1.435959,
      "from_high_reference": -0.691935,
      "from_low_reference": 1.104683
    },
    "levels": {
      "trend_reference": 33.666667,
      "fair_value_reference": 27.568077,
      "structural_low": 18.15,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.062718,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.095658,
        "regime_survival": 0.333333,
        "best_return": 0.302406,
        "worst_return": -0.274314,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.185353,
        "regime_survival": 0.0,
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        "worst_return": -0.209261,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.021772,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.098872,
        "regime_survival": 0.0,
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        "worst_return": -0.067815,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.318329,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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      },
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-10",
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      },
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      },
      {
        "date": "2026-07-24",
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        "volume": 4819045,
        "typical_volume": 2420451.05,
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        "fair_value": 27.462227,
        "relative_strength": 10.185836,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 35.199945,
        "energy": 16.752456,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
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        "volume": 1965574,
        "typical_volume": 2506493.8,
        "trend": 32.77,
        "fair_value": 27.504744,
        "relative_strength": -1.213427,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.766287,
        "energy": 20.320225,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 35.849998,
        "volume": 1544933,
        "typical_volume": 2566069.5,
        "trend": 33.148333,
        "fair_value": 27.533229,
        "relative_strength": -8.623926,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.740265,
        "energy": 18.762028,
        "activity_lines": [
          38.366666,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 38.200001,
        "volume": 801708,
        "typical_volume": 2531122.0,
        "trend": 33.666667,
        "fair_value": 27.568077,
        "relative_strength": -5.839961,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 31.383317,
        "energy": 18.531929,
        "activity_lines": [
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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."
    }
  }
}