{
  "ticker": {
    "uuid": "5bd20a7a-5616-47c9-b9d0-38e9438a8562",
    "symbol": "4117",
    "name": "General Biologicals 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 42.549,
    "architecture_energy": 33.314,
    "architecture_maturity": 55.622,
    "architecture_confidence": 59.823,
    "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": 45.22,
        "rotation_up": 33.01,
        "upward_expansion": 59.49,
        "deceleration": 73.19,
        "rotation_down": 23.95,
        "downward_expansion": 16.49
      },
      "activity_lines": [
        10.416667,
        10.6,
        9.085714,
        8.326774
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 10.25,
    "trend_reference": 8.278333,
    "distance_from_trend": 0.238172,
    "trend_direction": "Weakening",
    "fair_value": 17.314923,
    "distance_from_fair_value": -0.408025,
    "fair_value_direction": "Improving",
    "relative_strength": -36.194573,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.166667,
    "excess_performance": -0.608039,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.238172,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.060881,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.408025,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.360051,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.361946,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.428812,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.166667,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.259708,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 349546,
      "relative_activity": 0.38453,
      "balance": 1.259708,
      "dry_up": 0.681444,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.201951,
      "annualized_volatility": 1.994472,
      "from_high_reference": -0.42577,
      "from_low_reference": 1.928571
    },
    "levels": {
      "trend_reference": 8.278333,
      "fair_value_reference": 17.314923,
      "structural_low": 3.5,
      "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": 3,
        "median_return": -0.051613,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.1094,
        "regime_survival": 0.333333,
        "best_return": -0.027837,
        "worst_return": -0.07,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.017642,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.058381,
        "regime_survival": 0.0,
        "best_return": 0.201285,
        "worst_return": -0.166,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.025696,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.111943,
        "regime_survival": 0.0,
        "best_return": 0.025696,
        "worst_return": 0.025696,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.154176,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.492005,
        "regime_survival": 0.0,
        "best_return": -0.154176,
        "worst_return": -0.154176,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-22",
        "end": "2024-01-12",
        "tenure": "New",
        "return": -0.07037,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-19",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.082,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-01",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": -0.085595,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-05",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.046083,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.096847,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": -0.123737,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.123543,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.122396,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.269091,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": -0.129187,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": -0.009494,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2026-06-05",
        "tenure": "Extended",
        "return": -0.723473,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": -0.117155,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.02381,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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      },
      {
        "date": "2026-07-10",
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        "stage": 1,
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        "gate": "mixed",
        "direction": 27.07324,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1538517.65,
        "trend": 8.513333,
        "fair_value": 17.561077,
        "relative_strength": -35.875314,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.159405,
        "energy": 39.502718,
        "activity_lines": [
          10.583333,
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      },
      {
        "date": "2026-07-31",
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        "volume": 643702,
        "typical_volume": 868563.85,
        "trend": 8.43,
        "fair_value": 17.480949,
        "relative_strength": -33.832247,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 29.292551,
        "energy": 34.696964,
        "activity_lines": [
          10.533333,
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          8.469524,
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      },
      {
        "date": "2026-08-07",
        "close": 10.5,
        "volume": 459608,
        "typical_volume": 891544.25,
        "trend": 8.36,
        "fair_value": 17.398897,
        "relative_strength": -33.972748,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 16.975966,
        "energy": 26.54554,
        "activity_lines": [
          10.53,
          10.607273,
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          8.204839
        ]
      },
      {
        "date": "2026-08-14",
        "close": 10.25,
        "volume": 349546,
        "typical_volume": 909021.55,
        "trend": 8.278333,
        "fair_value": 17.314923,
        "relative_strength": -36.194573,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.548665,
        "energy": 33.314236,
        "activity_lines": [
          10.416667,
          10.6,
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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."
    }
  }
}