{
  "ticker": {
    "uuid": "65723e2e-700c-47c0-bcd9-e7a66ad7d052",
    "symbol": "6825",
    "name": "Qbic Technology 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 17.211,
    "architecture_energy": 12.585,
    "architecture_maturity": 41.569,
    "architecture_confidence": 72.308,
    "architecture_tenure": "Developing",
    "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": 55.19,
        "rotation_up": 23.43,
        "upward_expansion": 47.5,
        "deceleration": 82.13,
        "rotation_down": 28.39,
        "downward_expansion": 25.5
      },
      "activity_lines": [
        42.736667,
        43.033637,
        43.460238,
        42.077205
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 43.150002,
    "trend_reference": 40.021667,
    "distance_from_trend": 0.078166,
    "trend_direction": "Improving",
    "fair_value": 29.677108,
    "distance_from_fair_value": 0.453983,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.28407,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.327692,
    "excess_performance": -0.11368,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078166,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.086364,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.453983,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.127263,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.192841,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.065915,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.327692,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.818746,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 111055,
      "relative_activity": 0.650314,
      "balance": 0.818746,
      "dry_up": 0.535999,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.080578,
      "annualized_volatility": 0.36529,
      "from_high_reference": -0.153922,
      "from_low_reference": 0.428808
    },
    "levels": {
      "trend_reference": 40.021667,
      "fair_value_reference": 29.677108,
      "structural_low": 30.200001,
      "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": 7,
        "median_return": -0.012539,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.0711,
        "regime_survival": 0.714286,
        "best_return": 0.134921,
        "worst_return": -0.1936,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.049113,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.189764,
        "regime_survival": 0.333333,
        "best_return": -0.009459,
        "worst_return": -0.375,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.181552,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.345067,
        "regime_survival": 0.0,
        "best_return": -0.058108,
        "worst_return": -0.304996,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.370865,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.622363,
        "regime_survival": 0.0,
        "best_return": -0.370865,
        "worst_return": -0.370865,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.155844,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-16",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.004504,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.026646,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.044481,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": 0.025,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.3619,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.148649,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.075441,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.025175,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-02",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.176853,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": 0.139937,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
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        "tenure": "New",
        "return": 0.158192,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.112516,
        "active": false
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      {
        "regime": "deceleration",
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        "return": 0.038508,
        "active": true
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      {
        "date": "2026-05-08",
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        "date": "2026-05-22",
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      },
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
        "close": 44.0,
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        "relative_strength": -20.350542,
        "stage": 3,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 180963.9,
        "trend": 39.345,
        "fair_value": 29.217109,
        "relative_strength": -19.573817,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.556501,
        "energy": 19.573216,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 39.299999,
        "volume": 82969,
        "typical_volume": 179313.25,
        "trend": 39.463333,
        "fair_value": 29.295474,
        "relative_strength": -25.159231,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.642862,
        "energy": 17.091775,
        "activity_lines": [
          41.913333,
          43.421818,
          43.064762,
          41.373548
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.650002,
        "volume": 36955,
        "typical_volume": 171215.25,
        "trend": 39.63,
        "fair_value": 29.411024,
        "relative_strength": -19.096465,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.405675,
        "energy": 18.23504,
        "activity_lines": [
          41.51,
          42.96,
          43.072143,
          41.514624
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.049999,
        "volume": 135154,
        "typical_volume": 167986.5,
        "trend": 39.85,
        "fair_value": 29.550411,
        "relative_strength": -13.920685,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.399452,
        "energy": 19.990473,
        "activity_lines": [
          42.456667,
          43.159091,
          43.377619,
          41.864301
        ]
      },
      {
        "date": "2026-08-14",
        "close": 43.150002,
        "volume": 111055,
        "typical_volume": 170771.4,
        "trend": 40.021667,
        "fair_value": 29.677108,
        "relative_strength": -19.28407,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.211088,
        "energy": 12.584979,
        "activity_lines": [
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          43.033637,
          43.460238,
          42.077205
        ]
      }
    ],
    "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."
    }
  }
}