{
  "ticker": {
    "uuid": "8f205d46-2f5d-4cdc-bd44-7f1c0d87f793",
    "symbol": "8929",
    "name": "Fu Burg Industrial 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": 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": -60.586,
    "architecture_energy": 57.639,
    "architecture_maturity": 52.881,
    "architecture_confidence": 87.741,
    "architecture_tenure": "Established",
    "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": 19.19,
        "rotation_up": 14.55,
        "upward_expansion": 11.18,
        "deceleration": 41.05,
        "rotation_down": 66.09,
        "downward_expansion": 86.85
      },
      "activity_lines": [
        13.41,
        13.721818,
        14.027143,
        14.45043
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 13.4,
    "trend_reference": 15.073333,
    "distance_from_trend": -0.111013,
    "trend_direction": "Weakening",
    "fair_value": 19.721795,
    "distance_from_fair_value": -0.320549,
    "fair_value_direction": "Weakening",
    "relative_strength": -41.542426,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.182927,
    "excess_performance": -0.624299,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.111013,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.057328,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.320549,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023384,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.415424,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030211,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.182927,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.088668,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 202878,
      "relative_activity": 1.137407,
      "balance": 1.088668,
      "dry_up": 0.626899,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.074627,
      "annualized_volatility": 0.251903,
      "from_high_reference": -0.334988,
      "from_low_reference": 0.034749
    },
    "levels": {
      "trend_reference": 15.073333,
      "fair_value_reference": 19.721795,
      "structural_low": 12.95,
      "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": 32,
        "median_return": -0.004957,
        "positive_rate": 0.40625,
        "directional_follow_through": 0.59375,
        "median_excess_return": -0.024846,
        "regime_survival": 0.84375,
        "best_return": 0.10355,
        "worst_return": -0.113333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.019512,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.105829,
        "regime_survival": 0.727273,
        "best_return": 0.059172,
        "worst_return": -0.102894,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.01205,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.149615,
        "regime_survival": 0.5,
        "best_return": 0.032099,
        "worst_return": -0.090643,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.042857,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.324901,
        "regime_survival": 0.333333,
        "best_return": 0.019512,
        "worst_return": -0.079882,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-25",
        "end": "2023-09-29",
        "tenure": "Developing",
        "return": 0.002439,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-06",
        "end": "2023-10-13",
        "tenure": "New",
        "return": -0.01699,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-05-17",
        "tenure": "Extended",
        "return": 0.004988,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-05-31",
        "tenure": "New",
        "return": 0.009756,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "return": -0.110656,
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-09-20",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "tenure": "Established",
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        "active": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "start": "2025-01-03",
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        "return": -0.012245,
        "active": false
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      {
        "regime": "balance",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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        "date": "2026-07-03",
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      },
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        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 19.912821,
        "relative_strength": -38.686649,
        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "volume": 81708,
        "typical_volume": 179064.65,
        "trend": 15.436667,
        "fair_value": 19.865064,
        "relative_strength": -40.195525,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 33.056556,
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          14.123333,
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          14.417381,
          14.839892
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      },
      {
        "date": "2026-07-31",
        "close": 13.2,
        "volume": 72631,
        "typical_volume": 174314.95,
        "trend": 15.316667,
        "fair_value": 19.816026,
        "relative_strength": -40.757344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.052934,
        "energy": 42.952029,
        "activity_lines": [
          13.81,
          13.974545,
          14.265238,
          14.695591
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      },
      {
        "date": "2026-08-07",
        "close": 13.3,
        "volume": 90060,
        "typical_volume": 172134.6,
        "trend": 15.183333,
        "fair_value": 19.76891,
        "relative_strength": -40.847777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.813149,
        "energy": 57.087953,
        "activity_lines": [
          13.553333,
          13.836364,
          14.135714,
          14.565484
        ]
      },
      {
        "date": "2026-08-14",
        "close": 13.4,
        "volume": 202878,
        "typical_volume": 178368.9,
        "trend": 15.073333,
        "fair_value": 19.721795,
        "relative_strength": -41.542426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.585538,
        "energy": 57.638501,
        "activity_lines": [
          13.41,
          13.721818,
          14.027143,
          14.45043
        ]
      }
    ],
    "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."
    }
  }
}