{
  "ticker": {
    "uuid": "878e3d07-2904-4d6e-b0da-918a242fa3ae",
    "symbol": "2641",
    "name": "Franbo Lines 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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.162,
    "architecture_energy": 38.899,
    "architecture_maturity": 8.894,
    "architecture_confidence": 89.717,
    "architecture_tenure": "New",
    "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": 37.69,
        "rotation_up": 14.14,
        "upward_expansion": 6.22,
        "deceleration": 43.56,
        "rotation_down": 53.72,
        "downward_expansion": 77.22
      },
      "activity_lines": [
        17.166666,
        17.36349,
        17.505599,
        17.633962
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 17.35,
    "trend_reference": 18.001265,
    "distance_from_trend": -0.036179,
    "trend_direction": "Weakening",
    "fair_value": 18.585906,
    "distance_from_fair_value": -0.066497,
    "fair_value_direction": "Improving",
    "relative_strength": -36.014391,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.081101,
    "excess_performance": -0.522473,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.036179,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.042164,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.066497,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.018236,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.360144,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.057183,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.081101,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.607708,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4887244,
      "relative_activity": 0.49083,
      "balance": 1.607708,
      "dry_up": 0.485109,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056722,
      "annualized_volatility": 0.261504,
      "from_high_reference": -0.228284,
      "from_low_reference": 0.064417
    },
    "levels": {
      "trend_reference": 18.001265,
      "fair_value_reference": 18.585906,
      "structural_low": 16.299999,
      "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": 24,
        "median_return": -0.0002,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.016551,
        "regime_survival": 0.708333,
        "best_return": 0.30618,
        "worst_return": -0.167553,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.016871,
        "positive_rate": 0.625,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.049945,
        "regime_survival": 0.25,
        "best_return": 0.206128,
        "worst_return": -0.123762,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.005181,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.060146,
        "regime_survival": 0.0,
        "best_return": 0.271461,
        "worst_return": -0.201017,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.233877,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.015534,
        "regime_survival": 0.0,
        "best_return": 0.243106,
        "worst_return": -0.214324,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-13",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.098092,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.103275,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.130919,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.178495,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.006906,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.058981,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.093264,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.036408,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      {
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        "active": true
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      },
      {
        "date": "2026-04-24",
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      },
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      {
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      },
      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "volume": 4839650,
        "typical_volume": 10915598.7,
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        "fair_value": 18.548173,
        "relative_strength": -35.788111,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.668087,
        "energy": 28.019348,
        "activity_lines": [
          17.42,
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      },
      {
        "date": "2026-07-31",
        "close": 16.75,
        "volume": 5504991,
        "typical_volume": 10417115.2,
        "trend": 18.17639,
        "fair_value": 18.559372,
        "relative_strength": -36.00718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.720342,
        "energy": 47.225485,
        "activity_lines": [
          17.15,
          17.515683,
          17.544212,
          17.739058
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.299999,
        "volume": 4089224,
        "typical_volume": 10055425.75,
        "trend": 18.102593,
        "fair_value": 18.571743,
        "relative_strength": -34.766734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.114662,
        "energy": 49.150706,
        "activity_lines": [
          17.12,
          17.435707,
          17.520729,
          17.682516
        ]
      },
      {
        "date": "2026-08-14",
        "close": 17.35,
        "volume": 4887244,
        "typical_volume": 9957096.35,
        "trend": 18.001265,
        "fair_value": 18.585906,
        "relative_strength": -36.014391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.162498,
        "energy": 38.898505,
        "activity_lines": [
          17.166666,
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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."
    }
  }
}