{
  "ticker": {
    "uuid": "5a4e601a-4110-4373-8c1a-d687df1e0ef9",
    "symbol": "6590",
    "name": "Provision Information 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": -58.234,
    "architecture_energy": 57.509,
    "architecture_maturity": 27.736,
    "architecture_confidence": 93.948,
    "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": 24.25,
        "rotation_up": 13.65,
        "upward_expansion": 11.92,
        "deceleration": 39.66,
        "rotation_down": 63.01,
        "downward_expansion": 85.26
      },
      "activity_lines": [
        64.759998,
        65.616362,
        66.43476,
        67.215217
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 65.0,
    "trend_reference": 68.184519,
    "distance_from_trend": -0.046704,
    "trend_direction": "Weakening",
    "fair_value": 66.658818,
    "distance_from_fair_value": -0.024885,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.322215,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.060694,
    "excess_performance": -0.502066,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.046704,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.030794,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.024885,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.028029,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.343222,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002426,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.060694,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.418876,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 38147,
      "relative_activity": 0.613054,
      "balance": 0.418876,
      "dry_up": 0.957352,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.039408,
      "annualized_volatility": 0.136522,
      "from_high_reference": -0.14066,
      "from_low_reference": 0.081531
    },
    "levels": {
      "trend_reference": 68.184519,
      "fair_value_reference": 66.658818,
      "structural_low": 60.099998,
      "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": 19,
        "median_return": -0.005703,
        "positive_rate": 0.315789,
        "directional_follow_through": 0.684211,
        "median_excess_return": 0.00903,
        "regime_survival": 0.789474,
        "best_return": 0.072072,
        "worst_return": -0.067105,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.014482,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.000946,
        "regime_survival": 0.5,
        "best_return": 0.107843,
        "worst_return": -0.068878,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.036697,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.051017,
        "regime_survival": 0.0,
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        "worst_return": -0.048469,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.030093,
        "sufficient": false
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        "color": "red",
        "start": "2024-06-28",
        "end": "2024-12-06",
        "tenure": "Established",
        "return": -0.056122,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.004038,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "end": "2025-10-10",
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        "regime": "upward_expansion",
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        "active": false
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        "end": "2026-03-06",
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        "return": 0.0,
        "active": false
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        "active": true
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 73909.3,
        "trend": 71.26929,
        "fair_value": 67.074872,
        "relative_strength": -29.123675,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 67.032863,
        "relative_strength": -33.734679,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 16.710701,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 67.199997,
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        "typical_volume": 78590.8,
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        "fair_value": 66.989407,
        "relative_strength": -34.564803,
        "stage": 3,
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        "modifier": "Balance after decline",
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        "energy": 36.185864,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 81896.3,
        "trend": 70.923724,
        "fair_value": 66.970769,
        "relative_strength": -35.872355,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -63.591241,
        "energy": 52.761508,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 65.0,
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        "typical_volume": 86562.9,
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        "fair_value": 66.938817,
        "relative_strength": -40.593051,
        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 71.488608,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 83592.25,
        "trend": 70.350928,
        "fair_value": 66.931747,
        "relative_strength": -39.02643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -60.676516,
        "energy": 68.789876,
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      },
      {
        "date": "2026-06-12",
        "close": 66.5,
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        "typical_volume": 82630.6,
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        "relative_strength": -37.097089,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 70.790764,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 81488.6,
        "trend": 69.930298,
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        "relative_strength": -37.55395,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -56.105523,
        "energy": 47.481594,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -38.94215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 34.343097,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 66.794539,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.765886,
        "energy": 20.410306,
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      },
      {
        "date": "2026-07-17",
        "close": 66.199997,
        "volume": 27050,
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        "fair_value": 66.780621,
        "relative_strength": -31.662488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.233515,
        "energy": 29.673112,
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      },
      {
        "date": "2026-07-24",
        "close": 66.099998,
        "volume": 51766,
        "typical_volume": 76280.35,
        "trend": 68.943112,
        "fair_value": 66.756214,
        "relative_strength": -32.559115,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.356353,
        "energy": 34.009736,
        "activity_lines": [
          66.593331,
          66.752725,
          67.433613,
          68.036052
        ]
      },
      {
        "date": "2026-07-31",
        "close": 65.199997,
        "volume": 42073,
        "typical_volume": 68067.15,
        "trend": 68.697649,
        "fair_value": 66.729976,
        "relative_strength": -31.893827,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.586872,
        "energy": 37.906408,
        "activity_lines": [
          66.106664,
          66.479998,
          67.14611,
          67.794561
        ]
      },
      {
        "date": "2026-08-07",
        "close": 63.099998,
        "volume": 106297,
        "typical_volume": 68379.95,
        "trend": 68.382186,
        "fair_value": 66.688307,
        "relative_strength": -34.872963,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.355567,
        "energy": 60.843767,
        "activity_lines": [
          65.013331,
          65.858179,
          66.681774,
          67.433422
        ]
      },
      {
        "date": "2026-08-14",
        "close": 65.0,
        "volume": 38147,
        "typical_volume": 62224.5,
        "trend": 68.184519,
        "fair_value": 66.658818,
        "relative_strength": -34.322215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.233822,
        "energy": 57.508775,
        "activity_lines": [
          64.759998,
          65.616362,
          66.43476,
          67.215217
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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."
    }
  }
}