{
  "ticker": {
    "uuid": "803707f5-e686-476c-98b5-b846c3c86c73",
    "symbol": "8091",
    "name": "Feedback Technology Corp.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 22.918,
    "architecture_energy": 25.091,
    "architecture_maturity": 71.732,
    "architecture_confidence": 92.671,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 47.99,
        "rotation_up": 20.28,
        "upward_expansion": 54.45,
        "deceleration": 91.15,
        "rotation_down": 40.05,
        "downward_expansion": 20.45
      },
      "activity_lines": [
        229.1,
        246.089898,
        243.665407,
        225.125405
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 230.0,
    "trend_reference": 198.421261,
    "distance_from_trend": 0.15915,
    "trend_direction": "Improving",
    "fair_value": 125.437131,
    "distance_from_fair_value": 0.833588,
    "fair_value_direction": "Weakening",
    "relative_strength": 8.906708,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.778924,
    "excess_performance": 0.337552,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.15915,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.313442,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.833588,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.26854,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.089067,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.211745,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.778924,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.339774,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2421930,
      "relative_activity": 0.387781,
      "balance": 1.339774,
      "dry_up": 0.547532,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.159611,
      "annualized_volatility": 0.639911,
      "from_high_reference": -0.242175,
      "from_low_reference": 1.35104
    },
    "levels": {
      "trend_reference": 198.421261,
      "fair_value_reference": 125.437131,
      "structural_low": 123.884042,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.030315,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.009229,
        "regime_survival": 0.428571,
        "best_return": 0.144068,
        "worst_return": -0.105991,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.055556,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.098919,
        "regime_survival": 0.142857,
        "best_return": 0.392583,
        "worst_return": -0.023003,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.068614,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.077815,
        "regime_survival": 0.333333,
        "best_return": 0.636701,
        "worst_return": -0.074074,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.140841,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.075918,
        "regime_survival": 0.0,
        "best_return": 0.375938,
        "worst_return": 0.070343,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-05",
        "end": "2024-01-26",
        "tenure": "New",
        "return": 0.005388,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-02-09",
        "tenure": "New",
        "return": 0.013771,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-16",
        "end": "2024-08-02",
        "tenure": "Established",
        "return": 0.55281,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.218519,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.044872,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.073171,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.019011,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.035714,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.194853,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-08-22",
        "tenure": "Established",
        "return": -0.02439,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.059322,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.097674,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-31",
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        "return": 0.87803,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
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        "tenure": "New",
        "return": 0.022222,
        "active": true
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    ],
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        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 123.517427,
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        "energy": 22.418006,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 225.0,
        "volume": 2275957,
        "typical_volume": 6424533.45,
        "trend": 194.654647,
        "fair_value": 124.454524,
        "relative_strength": 10.672491,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.163954,
        "energy": 24.485471,
        "activity_lines": [
          235.233333,
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      },
      {
        "date": "2026-08-14",
        "close": 230.0,
        "volume": 2421930,
        "typical_volume": 6245613.35,
        "trend": 198.421261,
        "fair_value": 125.437131,
        "relative_strength": 8.906708,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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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."
    }
  }
}