{
  "ticker": {
    "uuid": "56efc87b-3fad-47b9-81e2-f284391d2eb2",
    "symbol": "5301",
    "name": "CJW International Co., Ltd.",
    "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": -68.166,
    "architecture_energy": 84.344,
    "architecture_maturity": 96.55,
    "architecture_confidence": 96,
    "architecture_tenure": "Extended",
    "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": 3.33,
        "rotation_up": 25.16,
        "upward_expansion": 20.21,
        "deceleration": 38.16,
        "rotation_down": 63.78,
        "downward_expansion": 95.88
      },
      "activity_lines": [
        5.534,
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        6.402095,
        7.163613
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 5.54,
    "trend_reference": 8.291333,
    "distance_from_trend": -0.331832,
    "trend_direction": "Weakening",
    "fair_value": 17.203507,
    "distance_from_fair_value": -0.677973,
    "fair_value_direction": "Weakening",
    "relative_strength": -61.412901,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.540249,
    "excess_performance": -0.981621,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.331832,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.176923,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.677973,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.05461,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.614129,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.042616,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.540249,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.411085,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 50699,
      "relative_activity": 0.71339,
      "balance": 0.411085,
      "dry_up": 0.746559,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.08456,
      "annualized_volatility": 0.404467,
      "from_high_reference": -0.662652,
      "from_low_reference": 0.073643
    },
    "levels": {
      "trend_reference": 8.291333,
      "fair_value_reference": 17.203507,
      "structural_low": 5.16,
      "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": 36,
        "median_return": -0.022617,
        "positive_rate": 0.361111,
        "directional_follow_through": 0.638889,
        "median_excess_return": -0.053367,
        "regime_survival": 0.861111,
        "best_return": 0.872749,
        "worst_return": -0.210805,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.002995,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.583333,
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        "worst_return": -0.334746,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
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        "worst_return": -0.429091,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.428734,
        "sufficient": false
      }
    ],
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        "color": "red",
        "start": "2023-10-06",
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      {
        "regime": "rotation_up",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
      },
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      {
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      },
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        "date": "2026-05-01",
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        "date": "2026-05-22",
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        "relative_strength": -58.581149,
        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "volume": 28227,
        "typical_volume": 72753.35,
        "trend": 8.812,
        "fair_value": 17.749798,
        "relative_strength": -60.361709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.235821,
        "energy": 80.323628,
        "activity_lines": [
          6.054,
          6.313818,
          6.991667,
          7.785914
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      },
      {
        "date": "2026-07-31",
        "close": 5.4,
        "volume": 96143,
        "typical_volume": 69843.55,
        "trend": 8.638667,
        "fair_value": 17.569845,
        "relative_strength": -61.953832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.578932,
        "energy": 71.714351,
        "activity_lines": [
          5.814667,
          6.112182,
          6.774238,
          7.565785
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.34,
        "volume": 37156,
        "typical_volume": 69789.35,
        "trend": 8.475,
        "fair_value": 17.377008,
        "relative_strength": -62.390603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.206307,
        "energy": 90.981849,
        "activity_lines": [
          5.614,
          5.928,
          6.568857,
          7.352968
        ]
      },
      {
        "date": "2026-08-14",
        "close": 5.54,
        "volume": 50699,
        "typical_volume": 71067.75,
        "trend": 8.291333,
        "fair_value": 17.203507,
        "relative_strength": -61.412901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.166228,
        "energy": 84.343677,
        "activity_lines": [
          5.534,
          5.808182,
          6.402095,
          7.163613
        ]
      }
    ],
    "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."
    }
  }
}