{
  "ticker": {
    "uuid": "86a13e0b-e275-4c84-a9aa-ecb553fbd4ee",
    "symbol": "1473",
    "name": "Tainan Enterprises Co., Ltd.",
    "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": -57.962,
    "architecture_energy": 43.901,
    "architecture_maturity": 97.041,
    "architecture_confidence": 91.53,
    "architecture_tenure": "Extended",
    "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": 21.98,
        "rotation_up": 26.51,
        "upward_expansion": 6.49,
        "deceleration": 55.01,
        "rotation_down": 48.31,
        "downward_expansion": 79.82
      },
      "activity_lines": [
        19.98,
        20.083636,
        20.296746,
        20.932533
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 20.0,
    "trend_reference": 21.928899,
    "distance_from_trend": -0.087962,
    "trend_direction": "Weakening",
    "fair_value": 27.739349,
    "distance_from_fair_value": -0.279003,
    "fair_value_direction": "Improving",
    "relative_strength": -40.463122,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.172113,
    "excess_performance": -0.613485,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.087962,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.057882,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.279003,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.011653,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.404631,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.072119,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.172113,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.271986,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 374386,
      "relative_activity": 0.767526,
      "balance": 1.271986,
      "dry_up": 0.686052,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.04003,
      "annualized_volatility": 0.1588,
      "from_high_reference": -0.381895,
      "from_low_reference": 0.030928
    },
    "levels": {
      "trend_reference": 21.928899,
      "fair_value_reference": 27.739349,
      "structural_low": 19.4,
      "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": 21,
        "median_return": -0.006122,
        "positive_rate": 0.47619,
        "directional_follow_through": 0.52381,
        "median_excess_return": -0.030867,
        "regime_survival": 0.857143,
        "best_return": 0.146245,
        "worst_return": -0.109015,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.024304,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.135348,
        "regime_survival": 0.5,
        "best_return": 0.065693,
        "worst_return": -0.139244,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.137249,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.230951,
        "regime_survival": 0.5,
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        "worst_return": -0.157224,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "best_return": 0.22017,
        "worst_return": -0.268252,
        "sufficient": false
      }
    ],
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        "color": "green",
        "start": "2023-02-24",
        "end": "2023-03-31",
        "tenure": "Developing",
        "return": -0.070476,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-06-16",
        "tenure": "Developing",
        "return": 0.050633,
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.075214,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.03576,
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        "regime": "balance",
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        "end": "2024-11-08",
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        "return": -0.037685,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "active": false
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.014726,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 507949.65,
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        "relative_strength": -39.103175,
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      },
      {
        "date": "2026-08-07",
        "close": 19.85,
        "volume": 227849,
        "typical_volume": 486165.8,
        "trend": 22.047974,
        "fair_value": 27.750643,
        "relative_strength": -39.755156,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.232443,
        "energy": 47.441729,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 20.0,
        "volume": 374386,
        "typical_volume": 487782.6,
        "trend": 21.928899,
        "fair_value": 27.739349,
        "relative_strength": -40.463122,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.962115,
        "energy": 43.900754,
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          19.98,
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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."
    }
  }
}