{
  "ticker": {
    "uuid": "7079ffe5-db77-4382-a090-de435a49a874",
    "symbol": "6569",
    "name": "Onyx Healthcare Inc.",
    "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": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 76.371,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -23.596,
    "architecture_energy": 21.205,
    "architecture_maturity": 15.64,
    "architecture_confidence": 61.197,
    "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": 53.85,
        "rotation_up": 16.12,
        "upward_expansion": 14.23,
        "deceleration": 61.19,
        "rotation_down": 57.59,
        "downward_expansion": 41.57
      },
      "activity_lines": [
        96.753334,
        99.999366,
        100.793684,
        99.748467
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 92.5,
    "trend_reference": 99.256761,
    "distance_from_trend": -0.068074,
    "trend_direction": "Weakening",
    "fair_value": 130.317568,
    "distance_from_fair_value": -0.290195,
    "fair_value_direction": "Weakening",
    "relative_strength": -39.379839,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.075785,
    "excess_performance": -0.517157,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.068074,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014969,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.290195,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.018217,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.393798,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.01958,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.075785,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.553544,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 332167,
      "relative_activity": 0.792508,
      "balance": 1.553544,
      "dry_up": 0.705277,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.106759,
      "annualized_volatility": 0.343457,
      "from_high_reference": -0.397505,
      "from_low_reference": 0.035845
    },
    "levels": {
      "trend_reference": 99.256761,
      "fair_value_reference": 130.317568,
      "structural_low": 89.299061,
      "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": 17,
        "median_return": -0.014837,
        "positive_rate": 0.352941,
        "directional_follow_through": 0.352941,
        "median_excess_return": -0.017742,
        "regime_survival": 0.470588,
        "best_return": 0.162791,
        "worst_return": -0.206452,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.000563,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.002881,
        "regime_survival": 0.0,
        "best_return": 0.582317,
        "worst_return": -0.267442,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.073956,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.092407,
        "regime_survival": 0.166667,
        "best_return": 0.195846,
        "worst_return": -0.344366,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.035772,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.10472,
        "regime_survival": 0.25,
        "best_return": 1.470651,
        "worst_return": -0.407523,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.163265,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-25",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": -0.051359,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.132258,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.052325,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": -0.096491,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": -0.045161,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-08-22",
        "tenure": "Established",
        "return": -0.180351,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.107639,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.176923,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "tenure": "New",
        "return": -0.017857,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": -0.077982,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2026-06-12",
        "tenure": "New",
        "return": 0.013453,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "tenure": "New",
        "return": -0.04694,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": true
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    ],
    "chart_path": [
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        "typical_volume": 155828.1,
        "trend": 105.665692,
        "fair_value": 132.006674,
        "relative_strength": -42.600355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 33.552115,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 156585.15,
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 132.192891,
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      },
      {
        "date": "2026-05-15",
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        "volume": 251188,
        "typical_volume": 189308.4,
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        "fair_value": 132.269843,
        "relative_strength": -41.337827,
        "stage": 4,
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      },
      {
        "date": "2026-05-22",
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        "trend": 101.914937,
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        "relative_strength": -45.455765,
        "stage": 4,
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        "energy": 31.369188,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 264981.85,
        "trend": 101.040409,
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        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 22.76897,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 302541.7,
        "trend": 100.765094,
        "fair_value": 132.378265,
        "relative_strength": -36.921826,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 109.801888,
        "volume": 1000016,
        "typical_volume": 343088.3,
        "trend": 100.732704,
        "fair_value": 132.308814,
        "relative_strength": -33.90497,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.307541,
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      },
      {
        "date": "2026-06-19",
        "close": 111.745285,
        "volume": 291572,
        "typical_volume": 351307.65,
        "trend": 100.862264,
        "fair_value": 132.343527,
        "relative_strength": -35.170855,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 32.932798,
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      },
      {
        "date": "2026-06-26",
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        "volume": 464776,
        "typical_volume": 364897.45,
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        "fair_value": 132.324088,
        "relative_strength": -35.976197,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.686883,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 373008.85,
        "trend": 100.767453,
        "fair_value": 132.311332,
        "relative_strength": -37.484986,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.048443,
        "energy": 45.334218,
        "activity_lines": [
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          100.117055
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      },
      {
        "date": "2026-07-10",
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        "volume": 317580,
        "typical_volume": 380577.85,
        "trend": 100.65739,
        "fair_value": 132.292593,
        "relative_strength": -34.029005,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.833359,
        "energy": 28.866211,
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      },
      {
        "date": "2026-07-17",
        "close": 98.0,
        "volume": 284593,
        "typical_volume": 386394.95,
        "trend": 100.361164,
        "fair_value": 132.216818,
        "relative_strength": -34.567509,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.284215,
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        "activity_lines": [
          103.544026,
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          100.315452
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      },
      {
        "date": "2026-07-24",
        "close": 104.0,
        "volume": 326806,
        "typical_volume": 392075.6,
        "trend": 100.264937,
        "fair_value": 131.914871,
        "relative_strength": -31.25456,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.451002,
        "energy": 15.242517,
        "activity_lines": [
          103.130503,
          104.508886,
          101.864448,
          100.550216
        ]
      },
      {
        "date": "2026-07-31",
        "close": 97.199997,
        "volume": 239228,
        "typical_volume": 397744.95,
        "trend": 99.974434,
        "fair_value": 131.289283,
        "relative_strength": -34.095849,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.690101,
        "energy": 13.054438,
        "activity_lines": [
          100.966666,
          103.336707,
          101.659295,
          100.352478
        ]
      },
      {
        "date": "2026-08-07",
        "close": 97.800003,
        "volume": 284221,
        "typical_volume": 405901.4,
        "trend": 99.687736,
        "fair_value": 130.734342,
        "relative_strength": -34.51295,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.255352,
        "energy": 11.740466,
        "activity_lines": [
          99.486667,
          102.151167,
          101.495409,
          100.212192
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      },
      {
        "date": "2026-08-14",
        "close": 92.5,
        "volume": 332167,
        "typical_volume": 419133.8,
        "trend": 99.256761,
        "fair_value": 130.317568,
        "relative_strength": -39.379839,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.595647,
        "energy": 21.2049,
        "activity_lines": [
          96.753334,
          99.999366,
          100.793684,
          99.748467
        ]
      }
    ],
    "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."
    }
  }
}