{
  "ticker": {
    "uuid": "7299a0bf-5500-42eb-931c-11a32fb7c3ed",
    "symbol": "2528",
    "name": "Crowell Development Corp.",
    "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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -11.802,
    "architecture_energy": 10.786,
    "architecture_maturity": 24.408,
    "architecture_confidence": 65.111,
    "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": 65.99,
        "rotation_up": 32.49,
        "upward_expansion": 27.27,
        "deceleration": 46.12,
        "rotation_down": 21.53,
        "downward_expansion": 46.94
      },
      "activity_lines": [
        19.976956,
        19.710118,
        19.597266,
        20.012006
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 20.15,
    "trend_reference": 20.785005,
    "distance_from_trend": -0.030551,
    "trend_direction": "Weakening",
    "fair_value": 26.766539,
    "distance_from_fair_value": -0.247194,
    "fair_value_direction": "Improving",
    "relative_strength": -37.35183,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.091175,
    "excess_performance": -0.532547,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.030551,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.078604,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.247194,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.024906,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.373518,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086112,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.091175,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.59534,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1603035,
      "relative_activity": 0.446982,
      "balance": 0.59534,
      "dry_up": 0.698348,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.070076,
      "annualized_volatility": 0.292495,
      "from_high_reference": -0.239124,
      "from_low_reference": 0.158625
    },
    "levels": {
      "trend_reference": 20.785005,
      "fair_value_reference": 26.766539,
      "structural_low": 17.391304,
      "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": 13,
        "median_return": -0.00463,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.029219,
        "regime_survival": 0.615385,
        "best_return": 0.054808,
        "worst_return": -0.129032,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.089958,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.150764,
        "regime_survival": 0.166667,
        "best_return": -0.013761,
        "worst_return": -0.197773,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.050418,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.036678,
        "regime_survival": 0.0,
        "best_return": 0.043821,
        "worst_return": -0.212359,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.204368,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.213293,
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        "best_return": -0.163993,
        "worst_return": -0.244744,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-05-31",
        "tenure": "Extended",
        "return": 0.586142,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-07",
        "end": "2024-08-30",
        "tenure": "Established",
        "return": -0.115234,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-09-13",
        "tenure": "New",
        "return": -0.013889,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": -0.014724,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-04",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.087629,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.162562,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.053917,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.064965,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      {
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "active": true
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      },
      {
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        "energy": 22.906364,
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      },
      {
        "date": "2026-07-31",
        "close": 19.4,
        "volume": 3595910,
        "typical_volume": 3771842.1,
        "trend": 21.099114,
        "fair_value": 26.758964,
        "relative_strength": -37.572145,
        "stage": 4,
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        "energy": 22.618797,
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      },
      {
        "date": "2026-08-07",
        "close": 20.6,
        "volume": 2129681,
        "typical_volume": 3683757.8,
        "trend": 20.961877,
        "fair_value": 26.764905,
        "relative_strength": -34.596233,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.667817,
        "energy": 7.389284,
        "activity_lines": [
          19.811014,
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      },
      {
        "date": "2026-08-14",
        "close": 20.15,
        "volume": 1603035,
        "typical_volume": 3586354.0,
        "trend": 20.785005,
        "fair_value": 26.766539,
        "relative_strength": -37.35183,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.802254,
        "energy": 10.785516,
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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."
    }
  }
}