{ "ticker": { "uuid": "490e56ae-5d2b-40c2-b307-34d02ea86cb6", "symbol": "4116", "name": "BenQ Medical Technology 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 63.94, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 29.189, "architecture_energy": 49.883, "architecture_maturity": 6.751, "architecture_confidence": 61.226, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 30.97, "rotation_up": 70.92, "upward_expansion": 56.58, "deceleration": 13.55, "rotation_down": 14.97, "downward_expansion": 24.58 }, "activity_lines": [ 39.143335, 38.391654, 37.556809, 37.595844 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 39.400002, "trend_reference": 38.090195, "distance_from_trend": 0.034387, "trend_direction": "Weakening", "fair_value": 44.63195, "distance_from_fair_value": -0.117224, "fair_value_direction": "Improving", "relative_strength": -31.853618, "relative_strength_direction": "Improving", "price_momentum": -0.014024, "excess_performance": -0.455396, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.034387, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.042713, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.117224, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.092544, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.318536, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.084263, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.014024, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.37947, "read": "Demand-led" } ], "volume": { "latest": 96283, "relative_activity": 0.437761, "balance": 1.37947, "dry_up": 1.040419, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.045671, "annualized_volatility": 0.162829, "from_high_reference": -0.220283, "from_low_reference": 0.126258 }, "levels": { "trend_reference": 38.090195, "fair_value_reference": 44.63195, "structural_low": 34.983119, "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": 5, "median_return": 0.001613, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.024334, "regime_survival": 0.2, "best_return": 0.109872, "worst_return": -0.054217, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.02226, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.061437, "regime_survival": 0.0, "best_return": 0.010169, "worst_return": -0.038257, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.016949, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.073094, "regime_survival": 0.0, "best_return": 0.947903, "worst_return": -0.140276, "sufficient": false }, { "horizon": "Full cycle", 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"regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.330722, "energy": 31.785876, "activity_lines": [ 38.366668, 37.50797, 37.104765, 37.428363 ] }, { "date": "2026-08-07", "close": 39.650002, "volume": 391023, "typical_volume": 220030.0, "trend": 38.192619, "fair_value": 44.74127, "relative_strength": -29.751526, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.67297, "energy": 44.548748, "activity_lines": [ 38.883335, 38.011949, 37.347709, 37.517948 ] }, { "date": "2026-08-14", "close": 39.400002, "volume": 96283, "typical_volume": 219944.15, "trend": 38.090195, "fair_value": 44.63195, "relative_strength": -31.853618, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.189101, "energy": 49.882847, "activity_lines": [ 39.143335, 38.391654, 37.556809, 37.595844 ] } ], "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." } } }