{
  "ticker": {
    "uuid": "8d959b17-cd08-414c-a9da-d8c592f57865",
    "symbol": "6518",
    "name": "Concord Medical 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 73.919,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 21.131,
    "architecture_energy": 11.14,
    "architecture_maturity": 18.23,
    "architecture_confidence": 54.406,
    "architecture_tenure": "New",
    "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": 62.35,
        "rotation_up": 25.4,
        "upward_expansion": 51.89,
        "deceleration": 74.15,
        "rotation_down": 22.59,
        "downward_expansion": 18.56
      },
      "activity_lines": [
        31.339999,
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        31.610496,
        30.980922
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 31.049999,
    "trend_reference": 29.652515,
    "distance_from_trend": 0.047129,
    "trend_direction": "Improving",
    "fair_value": 24.517245,
    "distance_from_fair_value": 0.266455,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.138978,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.234123,
    "excess_performance": -0.207249,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.047129,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.080275,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.266455,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.041535,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.19139,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000222,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.234123,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.768121,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 19220,
      "relative_activity": 0.108801,
      "balance": 0.768121,
      "dry_up": 0.081238,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.053759,
      "annualized_volatility": 1.161943,
      "from_high_reference": -0.420709,
      "from_low_reference": 0.28736
    },
    "levels": {
      "trend_reference": 29.652515,
      "fair_value_reference": 24.517245,
      "structural_low": 24.402886,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.003953,
        "positive_rate": 0.565217,
        "directional_follow_through": 0.565217,
        "median_excess_return": -0.011494,
        "regime_survival": 0.652174,
        "best_return": 0.217391,
        "worst_return": -0.070671,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
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        "best_return": 0.373418,
        "worst_return": -0.116608,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.046185,
        "positive_rate": 0.857143,
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        "worst_return": -0.166078,
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      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.029972,
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        "typical_volume": 136884.85,
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      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Recompressing",
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        "direction": 38.540065,
        "energy": 17.427894,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 32.799999,
        "volume": 55048,
        "typical_volume": 184727.85,
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        "relative_strength": -16.872776,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 184925.4,
        "trend": 28.763887,
        "fair_value": 24.296934,
        "relative_strength": -14.519319,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 38.282058,
        "energy": 28.90211,
        "activity_lines": [
          32.02,
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      },
      {
        "date": "2026-07-24",
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        "volume": 20001,
        "typical_volume": 181556.75,
        "trend": 28.98163,
        "fair_value": 24.364539,
        "relative_strength": -15.695008,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.296091,
        "energy": 44.11775,
        "activity_lines": [
          31.956666,
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          31.606213,
          30.574739
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      },
      {
        "date": "2026-07-31",
        "close": 31.35,
        "volume": 9607,
        "typical_volume": 181486.8,
        "trend": 29.222659,
        "fair_value": 24.411946,
        "relative_strength": -14.636341,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.187551,
        "energy": 32.961268,
        "activity_lines": [
          31.723333,
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          31.640311,
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      },
      {
        "date": "2026-08-07",
        "close": 31.549999,
        "volume": 8576,
        "typical_volume": 178259.7,
        "trend": 29.449861,
        "fair_value": 24.465642,
        "relative_strength": -15.600117,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 25.447314,
        "energy": 22.289053,
        "activity_lines": [
          31.573333,
          31.605454,
          31.664428,
          30.877688
        ]
      },
      {
        "date": "2026-08-14",
        "close": 31.049999,
        "volume": 19220,
        "typical_volume": 176653.1,
        "trend": 29.652515,
        "fair_value": 24.517245,
        "relative_strength": -19.138978,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.131437,
        "energy": 11.140441,
        "activity_lines": [
          31.339999,
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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."
    }
  }
}