{
  "ticker": {
    "uuid": "6c75545e-66f5-4d7f-87be-80c0bb52d88c",
    "symbol": "2938",
    "name": "Bedding World 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": 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": 52.919,
    "architecture_energy": 30.245,
    "architecture_maturity": 28.539,
    "architecture_confidence": 45.694,
    "architecture_tenure": "Developing",
    "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": 37.41,
        "rotation_up": 44.84,
        "upward_expansion": 69.57,
        "deceleration": 67.46,
        "rotation_down": 21.15,
        "downward_expansion": 7.57
      },
      "activity_lines": [
        25.530001,
        25.515455,
        24.709048,
        24.323226
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 25.700001,
    "trend_reference": 23.885,
    "distance_from_trend": 0.075989,
    "trend_direction": "Improving",
    "fair_value": 33.670456,
    "distance_from_fair_value": -0.23672,
    "fair_value_direction": "Improving",
    "relative_strength": -29.586185,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.119826,
    "excess_performance": -0.321546,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075989,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.003431,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.23672,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.100692,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.295862,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.150233,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.119826,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.119876,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 162682,
      "relative_activity": 1.828417,
      "balance": 3.119876,
      "dry_up": 0.736536,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.083508,
      "annualized_volatility": 0.238617,
      "from_high_reference": -0.244118,
      "from_low_reference": 0.21513
    },
    "levels": {
      "trend_reference": 23.885,
      "fair_value_reference": 33.670456,
      "structural_low": 21.15,
      "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": 21,
        "median_return": -0.001167,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.019943,
        "regime_survival": 0.666667,
        "best_return": 0.107692,
        "worst_return": -0.164314,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.0,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.006182,
        "regime_survival": 0.375,
        "best_return": 0.173709,
        "worst_return": -0.183267,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.143323,
        "positive_rate": 0.8,
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        "median_excess_return": 0.016579,
        "regime_survival": 0.4,
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        "worst_return": -0.290837,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.104924,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.100133,
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        "best_return": 0.177167,
        "worst_return": -0.154288,
        "sufficient": false
      }
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      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-04",
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        "date": "2026-04-24",
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        "relative_strength": -43.779045,
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        "modifier": "Established contraction",
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        "energy": 33.32191,
        "activity_lines": [
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
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        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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        "stage": 4,
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 34.068152,
        "relative_strength": -31.183057,
        "stage": 1,
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        "direction": 57.60842,
        "energy": 62.191603,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 26.25,
        "volume": 15339,
        "typical_volume": 86800.9,
        "trend": 23.766667,
        "fair_value": 33.972534,
        "relative_strength": -28.659832,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 63.602738,
        "energy": 65.687046,
        "activity_lines": [
          25.913334,
          25.101819,
          24.299762,
          24.011291
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      },
      {
        "date": "2026-07-31",
        "close": 25.450001,
        "volume": 37776,
        "typical_volume": 87045.15,
        "trend": 23.815,
        "fair_value": 33.869123,
        "relative_strength": -28.66186,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.858136,
        "energy": 47.260917,
        "activity_lines": [
          25.753334,
          25.283637,
          24.447619,
          24.119893
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      },
      {
        "date": "2026-08-07",
        "close": 25.1,
        "volume": 46334,
        "typical_volume": 83475.05,
        "trend": 23.833333,
        "fair_value": 33.763468,
        "relative_strength": -30.070204,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.041491,
        "energy": 31.582727,
        "activity_lines": [
          25.506667,
          25.364546,
          24.552381,
          24.202796
        ]
      },
      {
        "date": "2026-08-14",
        "close": 25.700001,
        "volume": 162682,
        "typical_volume": 88974.25,
        "trend": 23.885,
        "fair_value": 33.670456,
        "relative_strength": -29.586185,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.918905,
        "energy": 30.245048,
        "activity_lines": [
          25.530001,
          25.515455,
          24.709048,
          24.323226
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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."
    }
  }
}