{
  "ticker": {
    "uuid": "592d4a49-2cf3-48c1-800d-b62c76e73d4c",
    "symbol": "4197",
    "name": "Visgeneer 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.442,
    "architecture_energy": 69.758,
    "architecture_maturity": 17.912,
    "architecture_confidence": 96,
    "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": 8.98,
        "rotation_up": 15.29,
        "upward_expansion": 16.33,
        "deceleration": 37.14,
        "rotation_down": 66.84,
        "downward_expansion": 92.0
      },
      "activity_lines": [
        8.318667,
        8.576909,
        9.084905,
        9.365097
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 8.17,
    "trend_reference": 9.599333,
    "distance_from_trend": -0.148899,
    "trend_direction": "Weakening",
    "fair_value": 10.339679,
    "distance_from_fair_value": -0.20984,
    "fair_value_direction": "Weakening",
    "relative_strength": -42.153043,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.134534,
    "excess_performance": -0.575906,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.148899,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.040131,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.20984,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.120096,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.42153,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050561,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.134534,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.35034,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 26205,
      "relative_activity": 0.041446,
      "balance": 0.35034,
      "dry_up": 0.147994,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.104416,
      "annualized_volatility": 0.949325,
      "from_high_reference": -0.636889,
      "from_low_reference": 0.05148
    },
    "levels": {
      "trend_reference": 9.599333,
      "fair_value_reference": 10.339679,
      "structural_low": 7.77,
      "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": 29,
        "median_return": 0.001075,
        "positive_rate": 0.517241,
        "directional_follow_through": 0.448276,
        "median_excess_return": -0.028921,
        "regime_survival": 0.758621,
        "best_return": 0.56383,
        "worst_return": -0.12,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.040984,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.727273,
        "median_excess_return": -0.049379,
        "regime_survival": 0.363636,
        "best_return": 0.266667,
        "worst_return": -0.139918,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.1,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.123162,
        "regime_survival": 0.285714,
        "best_return": 0.216216,
        "worst_return": -0.176955,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.035876,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.034892,
        "regime_survival": 0.5,
        "best_return": 0.136364,
        "worst_return": -0.207207,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": -0.017951,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.001024,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": -0.040359,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-28",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.106667,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.004975,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-10-31",
        "tenure": "New",
        "return": -0.047619,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-11-14",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "activity_lines": [
          12.05,
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          10.500857,
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 548304.65,
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        "fair_value": 10.656346,
        "relative_strength": -37.096969,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 25.94675,
        "activity_lines": [
          11.35,
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 571273.65,
        "trend": 10.058667,
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        "relative_strength": -42.046917,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 10.608939,
        "activity_lines": [
          10.333333,
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 597298.85,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.046245,
        "energy": 14.204286,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
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        "typical_volume": 606941.75,
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        "relative_strength": -42.084532,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.682674,
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-12",
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        "typical_volume": 615411.1,
        "trend": 9.947,
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        "relative_strength": -44.278477,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.991612,
        "energy": 21.384442,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 619553.45,
        "trend": 9.911333,
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        "relative_strength": -44.967434,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.122746,
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 16.377144,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-03",
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        "typical_volume": 615236.2,
        "trend": 9.885,
        "fair_value": 10.495769,
        "relative_strength": -41.161681,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -46.489984,
        "energy": 23.413211,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
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        "volume": 152012,
        "typical_volume": 622474.3,
        "trend": 9.837667,
        "fair_value": 10.468526,
        "relative_strength": -43.318917,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.016688,
        "energy": 24.716958,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-17",
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        "volume": 80553,
        "typical_volume": 625789.85,
        "trend": 9.808,
        "fair_value": 10.434423,
        "relative_strength": -35.094865,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.060125,
        "energy": 23.057172,
        "activity_lines": [
          9.027333,
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          9.629714,
          9.727376
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.75,
        "volume": 75306,
        "typical_volume": 627701.75,
        "trend": 9.767333,
        "fair_value": 10.408462,
        "relative_strength": -37.958224,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.341002,
        "energy": 43.619558,
        "activity_lines": [
          8.922,
          8.980364,
          9.527095,
          9.659118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.25,
        "volume": 118726,
        "typical_volume": 625086.45,
        "trend": 9.71,
        "fair_value": 10.384423,
        "relative_strength": -39.876922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.478285,
        "energy": 60.397987,
        "activity_lines": [
          8.659333,
          8.842545,
          9.379714,
          9.561226
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.15,
        "volume": 154052,
        "typical_volume": 631063.4,
        "trend": 9.65,
        "fair_value": 10.363269,
        "relative_strength": -41.1609,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.24699,
        "energy": 64.435726,
        "activity_lines": [
          8.447333,
          8.701091,
          9.228381,
          9.460581
        ]
      },
      {
        "date": "2026-08-14",
        "close": 8.17,
        "volume": 26205,
        "typical_volume": 632270.8,
        "trend": 9.599333,
        "fair_value": 10.339679,
        "relative_strength": -42.153043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.441923,
        "energy": 69.758215,
        "activity_lines": [
          8.318667,
          8.576909,
          9.084905,
          9.365097
        ]
      }
    ],
    "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."
    }
  }
}