{
  "ticker": {
    "uuid": "5f332b9a-2593-4f82-974b-858f21144ce4",
    "symbol": "6547",
    "name": "Medigen Vaccine Biologics 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 54.12,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": 59.533,
    "architecture_energy": 44.616,
    "architecture_maturity": 38.232,
    "architecture_confidence": 66.352,
    "architecture_tenure": "Established",
    "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": 33.04,
        "rotation_up": 58.19,
        "upward_expansion": 75.22,
        "deceleration": 56.81,
        "rotation_down": 16.07,
        "downward_expansion": 11.22
      },
      "activity_lines": [
        49.45,
        48.143636,
        47.764048,
        47.419462
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 51.5,
    "trend_reference": 45.66,
    "distance_from_trend": 0.127902,
    "trend_direction": "Improving",
    "fair_value": 49.698397,
    "distance_from_fair_value": 0.036251,
    "fair_value_direction": "Improving",
    "relative_strength": -12.471735,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.412894,
    "excess_performance": -0.028478,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.127902,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.071999,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.036251,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.092992,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124717,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.111543,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.412894,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.516977,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12926888,
      "relative_activity": 1.079267,
      "balance": 1.516977,
      "dry_up": 1.190371,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.075131,
      "annualized_volatility": 0.554432,
      "from_high_reference": -0.158497,
      "from_low_reference": 0.537313
    },
    "levels": {
      "trend_reference": 45.66,
      "fair_value_reference": 49.698397,
      "structural_low": 35.25,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.010189,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.007697,
        "regime_survival": 0.8,
        "best_return": 0.088608,
        "worst_return": -0.039666,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.032337,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.146322,
        "regime_survival": 0.5,
        "best_return": 0.075157,
        "worst_return": -0.139831,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.275424,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.522464,
        "regime_survival": 0.0,
        "best_return": -0.275424,
        "worst_return": -0.275424,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.399011,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.846115,
        "regime_survival": 0.0,
        "best_return": -0.399011,
        "worst_return": -0.399011,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2023-09-01",
        "end": "2023-10-20",
        "tenure": "Developing",
        "return": -0.114691,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-27",
        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.070621,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2023-12-29",
        "tenure": "New",
        "return": 0.005739,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-05",
        "end": "2024-01-19",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-01-26",
        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.026273,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-23",
        "end": "2025-01-10",
        "tenure": "Extended",
        "return": -0.259901,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-17",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.103233,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": -0.095455,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-04",
        "tenure": "New",
        "return": -0.119227,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.010702,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-01",
        "end": "2025-12-05",
        "tenure": "Established",
        "return": -0.061485,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Established",
        "return": -0.036458,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Established",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 14665396.2,
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        "fair_value": 49.883654,
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        "energy": 13.793375,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 14795551.4,
        "trend": 44.663333,
        "fair_value": 49.790064,
        "relative_strength": -18.811541,
        "stage": 3,
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        "modifier": "Recompressing",
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        "energy": 10.086166,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 51.599998,
        "volume": 25461708,
        "typical_volume": 15638424.1,
        "trend": 45.16,
        "fair_value": 49.746474,
        "relative_strength": -9.927519,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.293628,
        "energy": 27.090548,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 51.5,
        "volume": 12926888,
        "typical_volume": 11977466.75,
        "trend": 45.66,
        "fair_value": 49.698397,
        "relative_strength": -12.471735,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 59.532828,
        "energy": 44.616171,
        "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."
    }
  }
}