{
  "ticker": {
    "uuid": "623846c1-8a6e-4e0b-8ad2-5c8f48d03c1b",
    "symbol": "9941",
    "name": "Taiwan Acceptance Corporation",
    "exchange": "TAI",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.288,
    "architecture_energy": 48.498,
    "architecture_maturity": 9.827,
    "architecture_confidence": 75.954,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 22.32,
        "rotation_up": 61.01,
        "upward_expansion": 84.07,
        "deceleration": 48.21,
        "rotation_down": 16.38,
        "downward_expansion": 8.4
      },
      "activity_lines": [
        83.400001,
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        80.744762,
        79.664732
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 84.400002,
    "trend_reference": 78.67,
    "distance_from_trend": 0.072836,
    "trend_direction": "Weakening",
    "fair_value": 113.198656,
    "distance_from_fair_value": -0.254408,
    "fair_value_direction": "Improving",
    "relative_strength": -31.45105,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.072427,
    "excess_performance": -0.368945,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072836,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.037519,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.254408,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.133985,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.31451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.147114,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.072427,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.571455,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5637561,
      "relative_activity": 0.611128,
      "balance": 3.571455,
      "dry_up": 0.548757,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.05195,
      "annualized_volatility": 0.242377,
      "from_high_reference": -0.180583,
      "from_low_reference": 0.175487
    },
    "levels": {
      "trend_reference": 78.67,
      "fair_value_reference": 113.198656,
      "structural_low": 71.800003,
      "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": 19,
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        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": 0.024719,
        "regime_survival": 0.789474,
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        "worst_return": -0.090439,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.571429,
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        "worst_return": -0.206434,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.201072,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.065886,
        "sufficient": false
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 10141062.35,
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        "fair_value": 114.250286,
        "relative_strength": -31.146242,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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        "direction": 54.785463,
        "energy": 33.667073,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 84.300003,
        "volume": 5416104,
        "typical_volume": 9888717.9,
        "trend": 78.6,
        "fair_value": 113.707355,
        "relative_strength": -30.099532,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.077085,
        "energy": 46.454099,
        "activity_lines": [
          82.693334,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 84.400002,
        "volume": 5637561,
        "typical_volume": 9224841.2,
        "trend": 78.67,
        "fair_value": 113.198656,
        "relative_strength": -31.45105,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.288238,
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        "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."
    }
  }
}