{
  "ticker": {
    "uuid": "528f8777-71cf-43ca-bd41-3a48b09eddb7",
    "symbol": "4951",
    "name": "Feature Integration Technology 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 55.173,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -26.701,
    "architecture_energy": 50.267,
    "architecture_maturity": 9.114,
    "architecture_confidence": 78.174,
    "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": 23.58,
        "rotation_up": 15.12,
        "upward_expansion": 25.94,
        "deceleration": 50.28,
        "rotation_down": 69.29,
        "downward_expansion": 57.94
      },
      "activity_lines": [
        79.406665,
        83.465453,
        92.658505,
        90.075443
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 79.199997,
    "trend_reference": 84.608131,
    "distance_from_trend": -0.06392,
    "trend_direction": "Improving",
    "fair_value": 69.140539,
    "distance_from_fair_value": 0.145493,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.773075,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.19795,
    "excess_performance": -0.243423,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.06392,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10173,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.145493,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.599343,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.257731,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.387975,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.19795,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.430277,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 734000,
      "relative_activity": 0.20812,
      "balance": 0.430277,
      "dry_up": 0.341104,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.155434,
      "annualized_volatility": 0.706643,
      "from_high_reference": -0.426487,
      "from_low_reference": 0.296049
    },
    "levels": {
      "trend_reference": 84.608131,
      "fair_value_reference": 69.140539,
      "structural_low": 63.418412,
      "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": 4,
        "median_return": -0.003653,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.028222,
        "regime_survival": 0.0,
        "best_return": 0.103279,
        "worst_return": -0.036765,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.004701,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.054957,
        "regime_survival": 0.0,
        "best_return": 0.159196,
        "worst_return": -0.081717,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.103254,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.003879,
        "regime_survival": 0.0,
        "best_return": 0.72679,
        "worst_return": -0.205738,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.134345,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.045369,
        "regime_survival": 0.0,
        "best_return": 0.321518,
        "worst_return": 0.130126,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.138827,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.069731,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.092567,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.066002,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.121379,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.016176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.00458,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.104524,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.005594,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.023055,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-03",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.079104,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": 0.249748,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.173545,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.002532,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 57.861443,
        "volume": 735000,
        "typical_volume": 1949200.0,
        "trend": 56.279742,
        "fair_value": 43.217354,
        "relative_strength": 2.763595,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 1859050.0,
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      },
      {
        "date": "2023-09-01",
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        "relative_strength": 1.353639,
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        "modifier": "Momentum cooling",
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        "direction": -19.216581,
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      },
      {
        "date": "2023-09-08",
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        "typical_volume": 1492100.0,
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        "relative_strength": 3.091499,
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      },
      {
        "date": "2023-09-15",
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      },
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      },
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        "date": "2023-09-29",
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      },
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      },
      {
        "date": "2023-10-13",
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      },
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      },
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 3451621.05,
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        "stage": 3,
        "regime": "deceleration",
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      },
      {
        "date": "2026-07-31",
        "close": 78.099998,
        "volume": 1472572,
        "typical_volume": 3492434.95,
        "trend": 83.501743,
        "fair_value": 68.929877,
        "relative_strength": -23.702972,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -28.724387,
        "energy": 35.014739,
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      },
      {
        "date": "2026-08-07",
        "close": 79.0,
        "volume": 1089152,
        "typical_volume": 3514184.7,
        "trend": 84.024337,
        "fair_value": 69.026578,
        "relative_strength": -24.051633,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.484391,
        "energy": 50.030638,
        "activity_lines": [
          80.139999,
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      },
      {
        "date": "2026-08-14",
        "close": 79.199997,
        "volume": 734000,
        "typical_volume": 3526809.65,
        "trend": 84.608131,
        "fair_value": 69.140539,
        "relative_strength": -25.773075,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.701027,
        "energy": 50.267156,
        "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."
    }
  }
}