{
  "ticker": {
    "uuid": "59f8307b-2f06-412e-aadb-2eb03c3988b3",
    "symbol": "6620",
    "name": "Handa Pharmaceuticals, 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 75.583,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 24.968,
    "architecture_energy": 18.181,
    "architecture_maturity": 50.72,
    "architecture_confidence": 73.998,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 56.56,
        "rotation_up": 22.16,
        "upward_expansion": 58.94,
        "deceleration": 91.06,
        "rotation_down": 32.58,
        "downward_expansion": 15.94
      },
      "activity_lines": [
        82.906667,
        86.320569,
        82.253588,
        79.913062
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 77.400002,
    "trend_reference": 78.451219,
    "distance_from_trend": -0.0134,
    "trend_direction": "Weakening",
    "fair_value": 101.771137,
    "distance_from_fair_value": -0.23947,
    "fair_value_direction": "Improving",
    "relative_strength": -40.659337,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.019334,
    "excess_performance": -0.422038,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.0134,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.064296,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.23947,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.125972,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.406593,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.085414,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.019334,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.120683,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3359128,
      "relative_activity": 0.974743,
      "balance": 1.120683,
      "dry_up": 1.325477,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.14552,
      "annualized_volatility": 0.523185,
      "from_high_reference": -0.487024,
      "from_low_reference": 0.232424
    },
    "levels": {
      "trend_reference": 78.451219,
      "fair_value_reference": 101.771137,
      "structural_low": 62.803087,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.015015,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.026507,
        "regime_survival": 0.6,
        "best_return": 0.185799,
        "worst_return": -0.29484,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.144578,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.132533,
        "regime_survival": 0.285714,
        "best_return": 0.481657,
        "worst_return": -0.375,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.163851,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.199503,
        "regime_survival": 0.0,
        "best_return": 1.29926,
        "worst_return": -0.504572,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.262247,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.511802,
        "regime_survival": 0.0,
        "best_return": 1.138943,
        "worst_return": -0.220302,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-12",
        "end": "2024-05-03",
        "tenure": "New",
        "return": -0.237734,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-10",
        "end": "2025-01-24",
        "tenure": "Extended",
        "return": -0.430325,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-07",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.171428,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.02506,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.282642,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": -0.020558,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-05",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-07",
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        "return": 0.12844,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.2625,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": 0.02378,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
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      {
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        "active": true
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2904251.55,
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        "direction": 62.507197,
        "energy": 69.692888,
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      },
      {
        "date": "2026-07-31",
        "close": 87.900002,
        "volume": 9153593,
        "typical_volume": 3256464.7,
        "trend": 78.632694,
        "fair_value": 102.748604,
        "relative_strength": -29.91109,
        "stage": 1,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.865105,
        "energy": 38.935129,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 84.5,
        "volume": 3667407,
        "typical_volume": 3337394.0,
        "trend": 78.66029,
        "fair_value": 102.273439,
        "relative_strength": -33.63406,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.024827,
        "energy": 21.260518,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 77.400002,
        "volume": 3359128,
        "typical_volume": 3446167.2,
        "trend": 78.451219,
        "fair_value": 101.771137,
        "relative_strength": -40.659337,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.967762,
        "energy": 18.181303,
        "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."
    }
  }
}