{
  "ticker": {
    "uuid": "832f3899-65ee-4314-8585-3f816455204d",
    "symbol": "6791",
    "name": "Taiwan Auto-Design Co.",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 85.066,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -28.101,
    "architecture_energy": 24.042,
    "architecture_maturity": 28.181,
    "architecture_confidence": 68.738,
    "architecture_tenure": "Developing",
    "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": 44.9,
        "rotation_up": 25.46,
        "upward_expansion": 10.47,
        "deceleration": 52.34,
        "rotation_down": 44.23,
        "downward_expansion": 47.47
      },
      "activity_lines": [
        102.7,
        103.5,
        107.06988,
        107.232647
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 101.0,
    "trend_reference": 106.710791,
    "distance_from_trend": -0.053517,
    "trend_direction": "Improving",
    "fair_value": 100.063993,
    "distance_from_fair_value": 0.009354,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.212858,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.004326,
    "excess_performance": -0.437046,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.053517,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.003422,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.009354,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.16986,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.352129,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.077576,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.004326,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.461918,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 122099,
      "relative_activity": 0.288812,
      "balance": 0.461918,
      "dry_up": 0.33567,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.089718,
      "annualized_volatility": 0.538455,
      "from_high_reference": -0.329369,
      "from_low_reference": 0.094187
    },
    "levels": {
      "trend_reference": 106.710791,
      "fair_value_reference": 100.063993,
      "structural_low": 92.30597,
      "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": 9,
        "median_return": -0.048673,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.035271,
        "regime_survival": 0.666667,
        "best_return": -0.008299,
        "worst_return": -0.096234,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.161268,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.151243,
        "regime_survival": 0.0,
        "best_return": -0.128631,
        "worst_return": -0.172527,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.170124,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.204197,
        "regime_survival": 0.0,
        "best_return": 0.047411,
        "worst_return": -0.18193,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.18376,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.574331,
        "regime_survival": 0.0,
        "best_return": -0.181334,
        "worst_return": -0.186186,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-15",
        "end": "2024-06-21",
        "tenure": "Extended",
        "return": 0.075004,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": -0.037931,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.044186,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.011152,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.214008,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.009091,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-16",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.071749,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-15",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.020408,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.161826,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.027778,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
        "end": "2026-04-10",
        "tenure": "Established",
        "return": -0.033816,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-17",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.12963,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-22",
        "end": "2026-05-29",
        "tenure": "New",
        "return": -0.008696,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-05",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": -0.106195,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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        "typical_volume": 1337850.0,
        "trend": 84.559466,
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      },
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        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
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      },
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      },
      {
        "date": "2026-05-01",
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        "volume": 215450,
        "typical_volume": 313650.05,
        "trend": 106.786909,
        "fair_value": 99.539331,
        "relative_strength": -20.906052,
        "stage": 1,
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 327459.0,
        "trend": 106.884148,
        "fair_value": 99.579267,
        "relative_strength": -27.496544,
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      },
      {
        "date": "2026-05-15",
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        "volume": 464060,
        "typical_volume": 346860.0,
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        "fair_value": 99.642598,
        "relative_strength": -27.4553,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 367226.15,
        "trend": 106.569521,
        "fair_value": 99.55756,
        "relative_strength": -30.073852,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 380426.25,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 411588.8,
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        "relative_strength": -34.02871,
        "stage": 1,
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      },
      {
        "date": "2026-06-12",
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        "volume": 501262,
        "typical_volume": 395784.8,
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        "fair_value": 99.602933,
        "relative_strength": -38.196624,
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      },
      {
        "date": "2026-06-19",
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        "volume": 153048,
        "typical_volume": 394782.6,
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        "fair_value": 99.646916,
        "relative_strength": -39.934164,
        "stage": 4,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-06-26",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "trend": 106.235716,
        "fair_value": 99.740903,
        "relative_strength": -36.584263,
        "stage": 4,
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        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.429107,
        "energy": 20.046204,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 108.5,
        "volume": 585023,
        "typical_volume": 417443.1,
        "trend": 106.322084,
        "fair_value": 99.777516,
        "relative_strength": -33.295656,
        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 101.5,
        "volume": 330065,
        "typical_volume": 426649.6,
        "trend": 106.337059,
        "fair_value": 99.805862,
        "relative_strength": -32.972067,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.798684,
        "energy": 20.54877,
        "activity_lines": [
          104.5,
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      },
      {
        "date": "2026-07-24",
        "close": 105.0,
        "volume": 193135,
        "typical_volume": 426822.85,
        "trend": 106.533477,
        "fair_value": 99.881689,
        "relative_strength": -31.527383,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -11.255785,
        "energy": 10.724223,
        "activity_lines": [
          104.766667,
          105.336364,
          108.938478,
          108.028999
        ]
      },
      {
        "date": "2026-07-31",
        "close": 102.0,
        "volume": 190353,
        "typical_volume": 430027.65,
        "trend": 106.613701,
        "fair_value": 99.949883,
        "relative_strength": -31.959393,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -17.225661,
        "energy": 14.924147,
        "activity_lines": [
          103.933333,
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          108.289591,
          107.736517
        ]
      },
      {
        "date": "2026-08-07",
        "close": 104.5,
        "volume": 62049,
        "typical_volume": 424769.6,
        "trend": 106.696288,
        "fair_value": 100.00221,
        "relative_strength": -31.334264,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -12.095668,
        "energy": 18.023734,
        "activity_lines": [
          103.8,
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          107.865025,
          107.600149
        ]
      },
      {
        "date": "2026-08-14",
        "close": 101.0,
        "volume": 122099,
        "typical_volume": 422763.55,
        "trend": 106.710791,
        "fair_value": 100.063993,
        "relative_strength": -35.212858,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.100665,
        "energy": 24.042149,
        "activity_lines": [
          102.7,
          103.5,
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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."
    }
  }
}