{ "ticker": { "uuid": "8b4ea537-2af7-4b0c-808a-9497e7b0835a", "symbol": "2801", "name": "Chang Hwa Commercial Bank, 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.771, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.282, "architecture_energy": 64.528, "architecture_maturity": 39.432, "architecture_confidence": 61.342, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.1, "rotation_up": 73.22, "upward_expansion": 86.65, "deceleration": 60.64, "rotation_down": 14.24, "downward_expansion": 10.98 }, "activity_lines": [ 23.348707, 22.955589, 21.90246, 21.290313 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 23.549999, "trend_reference": 20.578667, "distance_from_trend": 0.144389, "trend_direction": "Improving", "fair_value": 16.847197, "distance_from_fair_value": 0.397859, "fair_value_direction": "Improving", "relative_strength": -15.204572, "relative_strength_direction": "Improving", "price_momentum": 0.217104, "excess_performance": -0.224268, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.144389, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055134, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.397859, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.219555, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152046, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.156968, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.217104, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.763734, "read": "Demand-led" } ], "volume": { "latest": 86875956, "relative_activity": 0.631879, "balance": 1.763734, "dry_up": 1.332074, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.043408, "annualized_volatility": 0.177278, "from_high_reference": -0.031043, "from_low_reference": 0.299512 }, "levels": { "trend_reference": 20.578667, "fair_value_reference": 16.847197, "structural_low": 18.924467, 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20.308801, "fair_value": 16.734576, "relative_strength": -10.445624, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.46294, "energy": 84.023763, "activity_lines": [ 23.061737, 22.478544, 21.422785, 20.906277 ] }, { "date": "2026-08-07", "close": 23.15, "volume": 242525479, "typical_volume": 137380231.6, "trend": 20.438641, "fair_value": 16.78923, "relative_strength": -14.3477, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.518211, "energy": 63.360566, "activity_lines": [ 23.177155, 22.717401, 21.652625, 21.08958 ] }, { "date": "2026-08-14", "close": 23.549999, "volume": 86875956, "typical_volume": 137488333.6, "trend": 20.578667, "fair_value": 16.847197, "relative_strength": -15.204572, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.28179, "energy": 64.528148, "activity_lines": [ 23.348707, 22.955589, 21.90246, 21.290313 ] } ], "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." } } }