{
  "ticker": {
    "uuid": "6f83dfe3-dde7-48c0-92b9-8af20dd1ce25",
    "symbol": "1732",
    "name": "Mao Bao Inc.",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 76.365,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 9.478,
    "architecture_energy": 8.995,
    "architecture_maturity": 19.191,
    "architecture_confidence": 50.63,
    "architecture_tenure": "Developing",
    "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": 52.42,
        "rotation_up": 38.45,
        "upward_expansion": 43.9,
        "deceleration": 38.62,
        "rotation_down": 33.17,
        "downward_expansion": 13.9
      },
      "activity_lines": [
        26.77,
        26.75,
        26.578333,
        26.536989
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 26.299999,
    "trend_reference": 26.655,
    "distance_from_trend": -0.013318,
    "trend_direction": "Weakening",
    "fair_value": 27.456736,
    "distance_from_fair_value": -0.042129,
    "fair_value_direction": "Improving",
    "relative_strength": -32.78017,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.050542,
    "excess_performance": -0.491914,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.013318,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022791,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.042129,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.006747,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.327802,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.042679,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.050542,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.539136,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1105023,
      "relative_activity": 0.899392,
      "balance": 1.539136,
      "dry_up": 1.907261,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.053671,
      "annualized_volatility": 0.171762,
      "from_high_reference": -0.212575,
      "from_low_reference": 0.043651
    },
    "levels": {
      "trend_reference": 26.655,
      "fair_value_reference": 27.456736,
      "structural_low": 25.200001,
      "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": 22,
        "median_return": -0.00435,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.022514,
        "regime_survival": 0.545455,
        "best_return": 0.139493,
        "worst_return": -0.199637,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.001092,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015335,
        "regime_survival": 0.4,
        "best_return": 0.159127,
        "worst_return": -0.183471,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.089474,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.072579,
        "regime_survival": 0.142857,
        "best_return": 0.57686,
        "worst_return": -0.174151,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.03084,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.129948,
        "regime_survival": 0.25,
        "best_return": 0.098246,
        "worst_return": -0.137631,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-24",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": 0.089474,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-05",
        "end": "2024-07-19",
        "tenure": "New",
        "return": -0.07084,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-26",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": -0.088435,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-02-07",
        "tenure": "Developing",
        "return": -0.075806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.084211,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.419501,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.086058,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.125954,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-15",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.005163,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.003509,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-07",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": -0.014159,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-16",
        "end": "2026-02-06",
        "tenure": "New",
        "return": -0.008945,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": -0.047016,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1134281.75,
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        "relative_strength": -27.809769,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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          27.06,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.299999,
        "volume": 1822000,
        "typical_volume": 1194077.35,
        "trend": 26.736667,
        "fair_value": 27.453709,
        "relative_strength": -30.461577,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.500009,
        "energy": 11.272852,
        "activity_lines": [
          26.886666,
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      },
      {
        "date": "2026-08-07",
        "close": 27.200001,
        "volume": 1142221,
        "typical_volume": 1218885.75,
        "trend": 26.706667,
        "fair_value": 27.45732,
        "relative_strength": -29.00015,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.783117,
        "energy": 19.183111,
        "activity_lines": [
          26.993333,
          26.818182,
          26.589048,
          26.563226
        ]
      },
      {
        "date": "2026-08-14",
        "close": 26.299999,
        "volume": 1105023,
        "typical_volume": 1228633.15,
        "trend": 26.655,
        "fair_value": 27.456736,
        "relative_strength": -32.78017,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 9.478188,
        "energy": 8.994519,
        "activity_lines": [
          26.77,
          26.75,
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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."
    }
  }
}