{
  "ticker": {
    "uuid": "5395c700-9569-4461-a9f8-1e82334fa8a5",
    "symbol": "2545",
    "name": "Huang Hsiang Construction Corporation",
    "exchange": "TAI",
    "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": 66.076,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.967,
    "architecture_energy": 61.152,
    "architecture_maturity": 5.906,
    "architecture_confidence": 84.461,
    "architecture_tenure": "New",
    "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": 35.73,
        "rotation_up": 9.14,
        "upward_expansion": 12.81,
        "deceleration": 37.81,
        "rotation_down": 68.75,
        "downward_expansion": 86.15
      },
      "activity_lines": [
        33.043333,
        33.725028,
        34.231865,
        34.281249
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 33.549999,
    "trend_reference": 34.36876,
    "distance_from_trend": -0.023823,
    "trend_direction": "Weakening",
    "fair_value": 41.347931,
    "distance_from_fair_value": -0.188593,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.117273,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.01742,
    "excess_performance": -0.458792,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.023823,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01693,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.188593,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.033096,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.341173,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.04349,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.01742,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.836648,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2069873,
      "relative_activity": 1.181548,
      "balance": 0.836648,
      "dry_up": 0.987184,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.048058,
      "annualized_volatility": 0.170602,
      "from_high_reference": -0.216907,
      "from_low_reference": 0.060032
    },
    "levels": {
      "trend_reference": 34.36876,
      "fair_value_reference": 41.347931,
      "structural_low": 31.65,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.005813,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.028627,
        "regime_survival": 0.772727,
        "best_return": 0.081658,
        "worst_return": -0.089642,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.074781,
        "regime_survival": 0.444444,
        "best_return": 0.127318,
        "worst_return": -0.1852,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.089058,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
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        "regime_survival": 0.0,
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        "worst_return": -0.149101,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.036723,
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        "worst_return": -0.196545,
        "sufficient": false
      }
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        "regime": "rotation_up",
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        "end": "2024-01-05",
        "tenure": "New",
        "return": 0.040146,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-06-28",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-19",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-02-21",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "fair_value": 41.288085,
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      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
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        "trend": 34.8288,
        "fair_value": 41.329775,
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      },
      {
        "date": "2026-07-24",
        "close": 33.299999,
        "volume": 1464720,
        "typical_volume": 1716445.75,
        "trend": 34.742035,
        "fair_value": 41.336882,
        "relative_strength": -34.176378,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.6556,
        "energy": 23.097082,
        "activity_lines": [
          34.300888,
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          34.685118,
          34.624681
        ]
      },
      {
        "date": "2026-07-31",
        "close": 32.799999,
        "volume": 1413492,
        "typical_volume": 1695256.3,
        "trend": 34.606217,
        "fair_value": 41.343639,
        "relative_strength": -33.450709,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.420706,
        "energy": 42.471606,
        "activity_lines": [
          33.697608,
          34.344981,
          34.524819,
          34.499389
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      },
      {
        "date": "2026-08-07",
        "close": 32.150002,
        "volume": 1969433,
        "typical_volume": 1723810.25,
        "trend": 34.474951,
        "fair_value": 41.341298,
        "relative_strength": -35.497307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.693272,
        "energy": 68.744303,
        "activity_lines": [
          33.016667,
          33.894645,
          34.307477,
          34.340923
        ]
      },
      {
        "date": "2026-08-14",
        "close": 33.549999,
        "volume": 2069873,
        "typical_volume": 1751831.4,
        "trend": 34.36876,
        "fair_value": 41.347931,
        "relative_strength": -34.117273,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.966688,
        "energy": 61.151599,
        "activity_lines": [
          33.043333,
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          34.281249
        ]
      }
    ],
    "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."
    }
  }
}