{
  "ticker": {
    "uuid": "4c1c89e5-0e35-4c67-b4ec-a030b17be6af",
    "symbol": "7595",
    "name": "Pharmigene, Inc.",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.767,
    "architecture_energy": 42.254,
    "architecture_maturity": 52.381,
    "architecture_confidence": 96,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 12.68,
        "rotation_up": 23.01,
        "upward_expansion": 5.39,
        "deceleration": 56.31,
        "rotation_down": 54.56,
        "downward_expansion": 81.05
      },
      "activity_lines": [
        7.275333,
        7.311636,
        7.946667,
        8.501183
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 7.25,
    "trend_reference": 9.142,
    "distance_from_trend": -0.206957,
    "trend_direction": "Weakening",
    "fair_value": 14.700769,
    "distance_from_fair_value": -0.506829,
    "fair_value_direction": "Weakening",
    "relative_strength": -49.728729,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.309524,
    "excess_performance": -0.750896,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.206957,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.099872,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.506829,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.148405,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.497287,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.11277,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.309524,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.394289,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 81490,
      "relative_activity": 0.301116,
      "balance": 0.394289,
      "dry_up": 0.841205,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.171247,
      "annualized_volatility": 0.643319,
      "from_high_reference": -0.485816,
      "from_low_reference": 0.228814
    },
    "levels": {
      "trend_reference": 9.142,
      "fair_value_reference": 14.700769,
      "structural_low": 5.9,
      "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": 35,
        "median_return": -0.03,
        "positive_rate": 0.371429,
        "directional_follow_through": 0.628571,
        "median_excess_return": -0.046102,
        "regime_survival": 0.857143,
        "best_return": 0.279605,
        "worst_return": -0.205814,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.061688,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.818182,
        "median_excess_return": -0.143707,
        "regime_survival": 0.727273,
        "best_return": 0.393728,
        "worst_return": -0.2825,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.153331,
        "positive_rate": 0.0,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.315044,
        "regime_survival": 0.833333,
        "best_return": 0.0,
        "worst_return": -0.243304,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.280277,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.496061,
        "regime_survival": 0.666667,
        "best_return": 0.15,
        "worst_return": -0.354911,
        "sufficient": false
      }
    ],
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        "color": "green",
        "start": "2023-03-17",
        "end": "2023-06-02",
        "tenure": "Developing",
        "return": 0.096618,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-06-09",
        "end": "2023-06-30",
        "tenure": "New",
        "return": 0.091743,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-08",
        "end": "2025-02-14",
        "tenure": "Extended",
        "return": -0.368304,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": -0.084507,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
        "start": "2025-03-14",
        "end": "2025-06-13",
        "tenure": "Established",
        "return": -0.028,
        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.092,
        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-09-05",
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        "return": 0.009091,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-19",
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        "return": -0.098485,
        "active": false
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      },
      {
        "date": "2026-05-08",
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        "relative_strength": -43.00105,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "activity_lines": [
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      },
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        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -58.63911,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 87.626979,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 330128,
        "typical_volume": 202657.75,
        "trend": 9.570333,
        "fair_value": 15.214487,
        "relative_strength": -58.827479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -82.18719,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 1004972,
        "typical_volume": 250005.85,
        "trend": 9.522,
        "fair_value": 15.123141,
        "relative_strength": -38.267657,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.056657,
        "energy": 51.022913,
        "activity_lines": [
          7.576,
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          8.656524,
          9.080925
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      },
      {
        "date": "2026-07-24",
        "close": 7.05,
        "volume": 616127,
        "typical_volume": 276496.65,
        "trend": 9.426667,
        "fair_value": 15.0225,
        "relative_strength": -51.580783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.481165,
        "energy": 49.598357,
        "activity_lines": [
          7.417333,
          7.644727,
          8.448667,
          8.921441
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.01,
        "volume": 195808,
        "typical_volume": 279600.0,
        "trend": 9.320333,
        "fair_value": 14.92,
        "relative_strength": -50.376145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.921472,
        "energy": 45.385387,
        "activity_lines": [
          7.322,
          7.466364,
          8.252,
          8.765527
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.2,
        "volume": 17186,
        "typical_volume": 276779.65,
        "trend": 9.227,
        "fair_value": 14.81359,
        "relative_strength": -49.291711,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.177973,
        "energy": 37.401135,
        "activity_lines": [
          7.302667,
          7.368545,
          8.089571,
          8.628731
        ]
      },
      {
        "date": "2026-08-14",
        "close": 7.25,
        "volume": 81490,
        "typical_volume": 270626.9,
        "trend": 9.142,
        "fair_value": 14.700769,
        "relative_strength": -49.728729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.766964,
        "energy": 42.253673,
        "activity_lines": [
          7.275333,
          7.311636,
          7.946667,
          8.501183
        ]
      }
    ],
    "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."
    }
  }
}