{
  "ticker": {
    "uuid": "555da6b0-1b94-4918-862f-bc6ee489bab3",
    "symbol": "6564",
    "name": "Enimmune 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": "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": -40.398,
    "architecture_energy": 25.545,
    "architecture_maturity": 57.457,
    "architecture_confidence": 84.822,
    "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": 39.8,
        "rotation_up": 25.13,
        "upward_expansion": 14.51,
        "deceleration": 46.02,
        "rotation_down": 33.68,
        "downward_expansion": 62.18
      },
      "activity_lines": [
        16.5,
        16.39909,
        16.868809,
        17.259032
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 16.75,
    "trend_reference": 17.938333,
    "distance_from_trend": -0.066245,
    "trend_direction": "Weakening",
    "fair_value": 27.036177,
    "distance_from_fair_value": -0.38046,
    "fair_value_direction": "Improving",
    "relative_strength": -38.129936,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.156171,
    "excess_performance": -0.597543,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.066245,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.069669,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.38046,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004837,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.381299,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.036991,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.156171,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.496194,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 178197,
      "relative_activity": 0.452226,
      "balance": 0.496194,
      "dry_up": 0.815554,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.069805,
      "annualized_volatility": 0.26379,
      "from_high_reference": -0.299163,
      "from_low_reference": 0.124161
    },
    "levels": {
      "trend_reference": 17.938333,
      "fair_value_reference": 27.036177,
      "structural_low": 14.9,
      "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": 39,
        "median_return": -0.003824,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.041723,
        "regime_survival": 0.846154,
        "best_return": 0.465296,
        "worst_return": -0.279694,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": -0.061119,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.119449,
        "regime_survival": 0.642857,
        "best_return": 0.468354,
        "worst_return": -0.238659,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.087298,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.250661,
        "regime_survival": 0.625,
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        "worst_return": -0.394035,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.094392,
        "positive_rate": 0.0,
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        "worst_return": -0.348509,
        "sufficient": false
      }
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        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-04-28",
        "end": "2024-02-09",
        "tenure": "Extended",
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        "active": false
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      {
        "regime": "balance",
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      {
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      {
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.00241,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-30",
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      },
      {
        "date": "2026-05-01",
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      },
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      },
      {
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      },
      {
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        "typical_volume": 476755.65,
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        "fair_value": 27.827523,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 462436.6,
        "trend": 18.335,
        "fair_value": 27.6256,
        "relative_strength": -38.809247,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.131958,
        "energy": 44.459926,
        "activity_lines": [
          16.243333,
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          17.140714,
          17.581935
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      },
      {
        "date": "2026-07-31",
        "close": 16.0,
        "volume": 299670,
        "typical_volume": 462970.7,
        "trend": 18.171667,
        "fair_value": 27.422715,
        "relative_strength": -38.507408,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.745758,
        "energy": 42.871089,
        "activity_lines": [
          16.18,
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          16.997381,
          17.43129
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      },
      {
        "date": "2026-08-07",
        "close": 16.799999,
        "volume": 361419,
        "typical_volume": 437463.35,
        "trend": 18.048333,
        "fair_value": 27.227523,
        "relative_strength": -36.390438,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.977959,
        "energy": 32.232116,
        "activity_lines": [
          16.356666,
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          16.934047,
          17.342795
        ]
      },
      {
        "date": "2026-08-14",
        "close": 16.75,
        "volume": 178197,
        "typical_volume": 394044.15,
        "trend": 17.938333,
        "fair_value": 27.036177,
        "relative_strength": -38.129936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.398289,
        "energy": 25.54453,
        "activity_lines": [
          16.5,
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          17.259032
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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."
    }
  }
}