{
  "ticker": {
    "uuid": "766f00ac-6d52-4c7f-8e80-db338a02d426",
    "symbol": "6235",
    "name": "Waffer Technology Corporation",
    "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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.015,
    "architecture_energy": 49.457,
    "architecture_maturity": 61.981,
    "architecture_confidence": 89.377,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.34,
        "rotation_up": 16.91,
        "upward_expansion": 7.48,
        "deceleration": 46.43,
        "rotation_down": 57.92,
        "downward_expansion": 78.48
      },
      "activity_lines": [
        38.636667,
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        42.565594
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 39.049999,
    "trend_reference": 45.928151,
    "distance_from_trend": -0.149759,
    "trend_direction": "Weakening",
    "fair_value": 71.608768,
    "distance_from_fair_value": -0.454676,
    "fair_value_direction": "Improving",
    "relative_strength": -49.752962,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.295277,
    "excess_performance": -0.736649,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.149759,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.126589,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.454676,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.035262,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.49753,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.02252,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.295277,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.783354,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2163596,
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      "balance": 0.783354,
      "dry_up": 0.634803,
      "accumulation_observations": 2,
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    "risk": {
      "range_context": 0.094553,
      "annualized_volatility": 0.35879,
      "from_high_reference": -0.490086,
      "from_low_reference": 0.146843
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    "levels": {
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      "structural_low": 34.049999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "rotation_up",
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      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 36.650002,
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        "typical_volume": 4505470.65,
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        "fair_value": 72.55247,
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        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 39.299999,
        "volume": 2483277,
        "typical_volume": 4466265.05,
        "trend": 46.662153,
        "fair_value": 72.084433,
        "relative_strength": -48.428715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.527823,
        "energy": 49.632895,
        "activity_lines": [
          38.740001,
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      },
      {
        "date": "2026-08-14",
        "close": 39.049999,
        "volume": 2163596,
        "typical_volume": 4490561.1,
        "trend": 45.928151,
        "fair_value": 71.608768,
        "relative_strength": -49.752962,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.015487,
        "energy": 49.457088,
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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."
    }
  }
}