{
  "ticker": {
    "uuid": "6cd8efe6-4f46-45ed-8e59-d39ea1443ff9",
    "symbol": "8423",
    "name": "Polygreen Resources 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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 50.278,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -32.443,
    "architecture_energy": 16.125,
    "architecture_maturity": 16.209,
    "architecture_confidence": 63.408,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 58.75,
        "rotation_up": 25.73,
        "upward_expansion": 19.3,
        "deceleration": 41.4,
        "rotation_down": 31.25,
        "downward_expansion": 55.64
      },
      "activity_lines": [
        17.789999,
        17.76909,
        17.795476,
        17.963441
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 17.799999,
    "trend_reference": 18.193333,
    "distance_from_trend": -0.02162,
    "trend_direction": "Improving",
    "fair_value": 18.690333,
    "distance_from_fair_value": -0.047636,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.161383,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.048128,
    "excess_performance": -0.4895,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.02162,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000825,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.047636,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003941,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.301614,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.041326,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.048128,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.907719,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 44702,
      "relative_activity": 0.504238,
      "balance": 0.907719,
      "dry_up": 0.842082,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.030251,
      "annualized_volatility": 0.125017,
      "from_high_reference": -0.10101,
      "from_low_reference": 0.037901
    },
    "levels": {
      "trend_reference": 18.193333,
      "fair_value_reference": 18.690333,
      "structural_low": 17.25,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.007863,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.034303,
        "regime_survival": 0.5,
        "best_return": 0.039548,
        "worst_return": -0.082774,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.005464,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.111186,
        "regime_survival": 0.142857,
        "best_return": 0.073584,
        "worst_return": -0.080537,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.016866,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.085914,
        "regime_survival": 0.2,
        "best_return": 0.242938,
        "worst_return": -0.167785,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.069982,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.089615,
        "regime_survival": 0.5,
        "best_return": 0.304908,
        "worst_return": -0.164945,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-19",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.188095,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": -0.010734,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.067114,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.037736,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-06-20",
        "tenure": "Established",
        "return": -0.058824,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-11-14",
        "tenure": "Established",
        "return": -0.027944,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.005747,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.016393,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-04-24",
        "tenure": "Developing",
        "return": -0.005405,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-05-15",
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        "return": -0.011142,
        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "return": 0.014085,
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      {
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        "return": 0.0,
        "active": true
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    ],
    "chart_path": [
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        "relative_strength": -30.438167,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 23.529384,
        "energy": 17.078234,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 17.950001,
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        "typical_volume": 95026.8,
        "trend": 18.208333,
        "fair_value": 18.533245,
        "relative_strength": -31.333386,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 17.460362,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 95080.75,
        "trend": 18.205,
        "fair_value": 18.543931,
        "relative_strength": -35.01463,
        "stage": 3,
        "regime": "balance",
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        "gate": "mixed",
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        "energy": 21.517731,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 98812.8,
        "trend": 18.193334,
        "fair_value": 18.561031,
        "relative_strength": -34.294028,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -22.919557,
        "energy": 31.532215,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 103203.5,
        "trend": 18.183333,
        "fair_value": 18.579173,
        "relative_strength": -35.057498,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "direction": -20.46877,
        "energy": 34.664026,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 107561.95,
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        "stage": 4,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -37.674524,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 104435.25,
        "trend": 18.185,
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        "relative_strength": -35.54233,
        "stage": 4,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 103135.75,
        "trend": 18.191667,
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        "relative_strength": -37.892473,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 40.726632,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 103681.45,
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        "fair_value": 18.671454,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-17",
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        "volume": 31101,
        "typical_volume": 101190.3,
        "trend": 18.21,
        "fair_value": 18.676529,
        "relative_strength": -29.393078,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.752295,
        "energy": 34.279709,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 17.799999,
        "volume": 65609,
        "typical_volume": 100507.6,
        "trend": 18.213333,
        "fair_value": 18.680241,
        "relative_strength": -29.380567,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.228592,
        "energy": 22.260019,
        "activity_lines": [
          17.75,
          17.744545,
          17.859286,
          18.045161
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.549999,
        "volume": 123036,
        "typical_volume": 102849.75,
        "trend": 18.206667,
        "fair_value": 18.683071,
        "relative_strength": -28.639107,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.313556,
        "energy": 31.27222,
        "activity_lines": [
          17.686666,
          17.709091,
          17.811667,
          18.002366
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.0,
        "volume": 65264,
        "typical_volume": 89618.2,
        "trend": 18.196667,
        "fair_value": 18.687824,
        "relative_strength": -27.723133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.098923,
        "energy": 19.677689,
        "activity_lines": [
          17.776666,
          17.76,
          17.810476,
          17.989032
        ]
      },
      {
        "date": "2026-08-14",
        "close": 17.799999,
        "volume": 44702,
        "typical_volume": 88652.6,
        "trend": 18.193333,
        "fair_value": 18.690333,
        "relative_strength": -30.161383,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.44254,
        "energy": 16.124712,
        "activity_lines": [
          17.789999,
          17.76909,
          17.795476,
          17.963441
        ]
      }
    ],
    "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."
    }
  }
}