{ "ticker": { "uuid": "6919061b-5626-4fe1-bd04-8a01632fdd4c", "symbol": "6932", "name": "Merdury Biopharmaceutical 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": 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.972, "architecture_energy": 51.482, "architecture_maturity": 55.852, "architecture_confidence": 90.864, "architecture_tenure": "Established", "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": 8.35, "rotation_up": 19.51, "upward_expansion": 7.49, "deceleration": 58.9, "rotation_down": 62.5, "downward_expansion": 83.16 }, "activity_lines": [ 5.523333, 5.716, 6.257571, 6.722796 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 6.02, "trend_reference": 7.394, "distance_from_trend": -0.185826, "trend_direction": "Weakening", "fair_value": 12.996282, "distance_from_fair_value": -0.536791, "fair_value_direction": "Weakening", "relative_strength": -44.855744, "relative_strength_direction": "Improving", "price_momentum": -0.315131, "excess_performance": -0.756503, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.185826, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.13148, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.536791, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.020599, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.448557, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027601, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.315131, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.577972, "read": "Supply-led" } ], "volume": { "latest": 5932100, "relative_activity": 3.059044, "balance": 0.577972, "dry_up": 1.219335, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.145029, "annualized_volatility": 0.417997, "from_high_reference": -0.506557, "from_low_reference": 0.278132 }, "levels": { "trend_reference": 7.394, "fair_value_reference": 12.996282, "structural_low": 4.71, 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7.789667, "fair_value": 13.422628, "relative_strength": -47.354293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.832216, "energy": 78.553574, "activity_lines": [ 6.054, 6.320364, 6.869762, 7.282237 ] }, { "date": "2026-07-24", "close": 5.67, "volume": 641504, "typical_volume": 1801178.05, "trend": 7.687, "fair_value": 13.311218, "relative_strength": -48.830091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.365568, "energy": 80.47904, "activity_lines": [ 5.892, 6.162364, 6.716619, 7.145484 ] }, { "date": "2026-07-31", "close": 5.02, "volume": 1664848, "typical_volume": 1771692.6, "trend": 7.573667, "fair_value": 13.198526, "relative_strength": -53.113775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.615673, "energy": 85.123565, "activity_lines": [ 5.568, 5.910364, 6.514048, 6.973419 ] }, { "date": "2026-08-07", "close": 5.13, "volume": 1219687, "typical_volume": 1754647.1, "trend": 7.461, "fair_value": 13.091667, "relative_strength": -52.287946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.514178, "energy": 85.628056, "activity_lines": [ 5.365333, 5.715273, 6.337286, 6.815763 ] }, { "date": "2026-08-14", "close": 6.02, "volume": 5932100, "typical_volume": 1939200.9, "trend": 7.394, "fair_value": 12.996282, "relative_strength": -44.855744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.971605, "energy": 51.482417, "activity_lines": [ 5.523333, 5.716, 6.257571, 6.722796 ] } ], "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." } } }