{
  "ticker": {
    "uuid": "5eb6460c-168b-4625-9ead-fc6945dad4d0",
    "symbol": "6741",
    "name": "91APP, 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": -71.285,
    "architecture_energy": 76.809,
    "architecture_maturity": 14.048,
    "architecture_confidence": 82.013,
    "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": 9.55,
        "rotation_up": 9.05,
        "upward_expansion": 16.93,
        "deceleration": 37.11,
        "rotation_down": 80.39,
        "downward_expansion": 94.93
      },
      "activity_lines": [
        55.106667,
        56.846279,
        58.631067,
        59.25613
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 54.400002,
    "trend_reference": 60.484772,
    "distance_from_trend": -0.1006,
    "trend_direction": "Weakening",
    "fair_value": 80.121231,
    "distance_from_fair_value": -0.321029,
    "fair_value_direction": "Weakening",
    "relative_strength": -42.698914,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.125255,
    "excess_performance": -0.566627,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.1006,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.062314,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.321029,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.012386,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.426989,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.027598,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.125255,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.582467,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1699101,
      "relative_activity": 0.984358,
      "balance": 0.582467,
      "dry_up": 0.835824,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.057661,
      "annualized_volatility": 0.228692,
      "from_high_reference": -0.368021,
      "from_low_reference": 0.026415
    },
    "levels": {
      "trend_reference": 60.484772,
      "fair_value_reference": 80.121231,
      "structural_low": 53.0,
      "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": 26,
        "median_return": -0.006444,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.040511,
        "regime_survival": 0.730769,
        "best_return": 0.287313,
        "worst_return": -0.12517,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.6,
        "best_return": 0.081731,
        "worst_return": -0.145251,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.090153,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.328506,
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        "worst_return": -0.152535,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.190019,
        "sufficient": false
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        "active": false
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      {
        "regime": "balance",
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        "regime": "downward_expansion",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-24",
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        "volume": 2191074,
        "typical_volume": 1800155.4,
        "trend": 62.03528,
        "fair_value": 81.079872,
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        "stage": 4,
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        "energy": 62.780808,
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          57.74,
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          60.024991,
          60.510957
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      },
      {
        "date": "2026-07-31",
        "close": 55.299999,
        "volume": 1205140,
        "typical_volume": 1797302.9,
        "trend": 61.573506,
        "fair_value": 80.764823,
        "relative_strength": -40.640307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.964216,
        "energy": 71.618147,
        "activity_lines": [
          56.506667,
          58.421397,
          59.568658,
          60.076423
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      },
      {
        "date": "2026-08-07",
        "close": 55.5,
        "volume": 675551,
        "typical_volume": 1708602.2,
        "trend": 61.041024,
        "fair_value": 80.442049,
        "relative_strength": -40.746909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.404037,
        "energy": 72.780421,
        "activity_lines": [
          55.806667,
          57.694126,
          59.143915,
          59.684584
        ]
      },
      {
        "date": "2026-08-14",
        "close": 54.400002,
        "volume": 1699101,
        "typical_volume": 1726101.0,
        "trend": 60.484772,
        "fair_value": 80.121231,
        "relative_strength": -42.698914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.285205,
        "energy": 76.808768,
        "activity_lines": [
          55.106667,
          56.846279,
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          59.25613
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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."
    }
  }
}