{
  "ticker": {
    "uuid": "85887540-bf37-493c-ae5c-4436d3d4c00c",
    "symbol": "5345",
    "name": "Fullhome Development Co., Ltd.",
    "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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -14.784,
    "architecture_energy": 13.06,
    "architecture_maturity": 15.798,
    "architecture_confidence": 54.1,
    "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": 46.98,
        "rotation_up": 21.37,
        "upward_expansion": 16.05,
        "deceleration": 61.74,
        "rotation_down": 52.2,
        "downward_expansion": 43.38
      },
      "activity_lines": [
        23.056667,
        24.420909,
        24.707857,
        24.343871
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 22.15,
    "trend_reference": 23.956667,
    "distance_from_trend": -0.075414,
    "trend_direction": "Improving",
    "fair_value": 21.649199,
    "distance_from_fair_value": 0.023133,
    "fair_value_direction": "Improving",
    "relative_strength": -34.822797,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.041126,
    "excess_performance": -0.482498,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.075414,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025323,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.023133,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.030683,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.348228,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06895,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.041126,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.25146,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 121137,
      "relative_activity": 0.433128,
      "balance": 1.25146,
      "dry_up": 0.836828,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.237541,
      "annualized_volatility": 0.857036,
      "from_high_reference": -0.417871,
      "from_low_reference": 0.213699
    },
    "levels": {
      "trend_reference": 23.956667,
      "fair_value_reference": 21.649199,
      "structural_low": 18.25,
      "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": 18,
        "median_return": -0.012243,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.036969,
        "regime_survival": 0.5,
        "best_return": 0.770833,
        "worst_return": -0.154739,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.045231,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.050031,
        "regime_survival": 0.0,
        "best_return": 1.912281,
        "worst_return": -0.1875,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.015385,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.043777,
        "regime_survival": 0.428571,
        "best_return": 1.434211,
        "worst_return": -0.377099,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.104078,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.108513,
        "regime_survival": 0.25,
        "best_return": 0.648855,
        "worst_return": -0.15257,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-05",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.162281,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-09-27",
        "tenure": "Established",
        "return": 0.303529,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": -0.037838,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.013308,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.16441,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-04",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.148741,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.068893,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.05653,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-28",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.098592,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-27",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.019272,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-05",
        "tenure": "Established",
        "return": 0.047619,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-12",
        "end": "2026-06-19",
        "tenure": "New",
        "return": -0.022659,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-26",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.084297,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.055437,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
        "close": 16.125,
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        "trend": 17.190625,
        "fair_value": 20.340946,
        "relative_strength": -17.729588,
        "stage": 4,
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        "direction": -20.404638,
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        "activity_lines": [
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      },
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        "date": "2023-08-18",
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        "trend": 23.825,
        "fair_value": 20.830769,
        "relative_strength": -40.340097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.697579,
        "energy": 62.262018,
        "activity_lines": [
          22.29,
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          22.972143,
          23.321398
        ]
      },
      {
        "date": "2026-05-15",
        "close": 20.700001,
        "volume": 66288,
        "typical_volume": 62453.15,
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        "fair_value": 20.857492,
        "relative_strength": -41.717831,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 79.476216,
        "activity_lines": [
          21.653334,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 19.4,
        "volume": 95834,
        "typical_volume": 62617.5,
        "trend": 23.496667,
        "fair_value": 20.885296,
        "relative_strength": -45.917723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.168777,
        "energy": 91.719323,
        "activity_lines": [
          20.77,
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          22.372619,
          22.841936
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 70135.0,
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        "fair_value": 20.932051,
        "relative_strength": -39.975951,
        "stage": 4,
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        "direction": -62.936854,
        "energy": 68.568461,
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        ]
      },
      {
        "date": "2026-06-05",
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        "typical_volume": 86981.95,
        "trend": 23.365,
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        "relative_strength": -34.76392,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.268439,
        "energy": 20.101054,
        "activity_lines": [
          22.143334,
          22.09091,
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      },
      {
        "date": "2026-06-12",
        "close": 33.099998,
        "volume": 1861274,
        "typical_volume": 174230.75,
        "trend": 23.613334,
        "fair_value": 21.104848,
        "relative_strength": -7.995686,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 45.69934,
        "energy": 42.162668,
        "activity_lines": [
          25.943333,
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      },
      {
        "date": "2026-06-19",
        "close": 32.349998,
        "volume": 480641,
        "typical_volume": 197604.0,
        "trend": 23.863333,
        "fair_value": 21.216066,
        "relative_strength": -13.573363,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 207107.65,
        "trend": 24.065,
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        "relative_strength": -14.959776,
        "stage": 3,
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        "direction": 66.388274,
        "energy": 83.51841,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 28.0,
        "volume": 468997,
        "typical_volume": 229693.0,
        "trend": 24.17,
        "fair_value": 21.375921,
        "relative_strength": -24.349083,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.400306,
        "energy": 81.283592,
        "activity_lines": [
          29.896666,
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          25.320714,
          24.682903
        ]
      },
      {
        "date": "2026-07-10",
        "close": 24.049999,
        "volume": 146079,
        "typical_volume": 235413.4,
        "trend": 24.145,
        "fair_value": 21.425921,
        "relative_strength": -32.255715,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.49399,
        "energy": 42.599717,
        "activity_lines": [
          28.053333,
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          25.303571,
          24.675161
        ]
      },
      {
        "date": "2026-07-17",
        "close": 19.549999,
        "volume": 234725,
        "typical_volume": 243773.5,
        "trend": 23.985,
        "fair_value": 21.451082,
        "relative_strength": -40.740405,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 5.951166,
        "energy": 11.432988,
        "activity_lines": [
          24.719999,
          26.017272,
          24.85,
          24.37871
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.700001,
        "volume": 335558,
        "typical_volume": 259651.4,
        "trend": 24.115,
        "fair_value": 21.526482,
        "relative_strength": -17.24021,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 34.603829,
        "energy": 24.14366,
        "activity_lines": [
          25.006667,
          26.434545,
          25.190714,
          24.618387
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.450001,
        "volume": 285384,
        "typical_volume": 271062.45,
        "trend": 24.123333,
        "fair_value": 21.570633,
        "relative_strength": -28.349885,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.7134,
        "energy": 20.152064,
        "activity_lines": [
          24.186667,
          25.951818,
          25.10381,
          24.575484
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.450001,
        "volume": 194096,
        "typical_volume": 276333.95,
        "trend": 24.066667,
        "fair_value": 21.612179,
        "relative_strength": -32.341631,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.001941,
        "energy": 15.167236,
        "activity_lines": [
          23.486667,
          25.213636,
          24.92,
          24.467527
        ]
      },
      {
        "date": "2026-08-14",
        "close": 22.15,
        "volume": 121137,
        "typical_volume": 279679.6,
        "trend": 23.956667,
        "fair_value": 21.649199,
        "relative_strength": -34.822797,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.783792,
        "energy": 13.06044,
        "activity_lines": [
          23.056667,
          24.420909,
          24.707857,
          24.343871
        ]
      }
    ],
    "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."
    }
  }
}