{
  "ticker": {
    "uuid": "938044e8-e937-48a4-a44e-09ad3f2a46d8",
    "symbol": "7402",
    "name": "Brinno Incorporated",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 94.733,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -26.721,
    "architecture_energy": 18.082,
    "architecture_maturity": 17.625,
    "architecture_confidence": 65.162,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 52.27,
        "rotation_up": 17.55,
        "upward_expansion": 16.11,
        "deceleration": 58.89,
        "rotation_down": 47.92,
        "downward_expansion": 61.44
      },
      "activity_lines": [
        108.9,
        111.733193,
        109.60318,
        111.791229
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 115.5,
    "trend_reference": 115.923443,
    "distance_from_trend": -0.003653,
    "trend_direction": "Weakening",
    "fair_value": 96.246019,
    "distance_from_fair_value": 0.20005,
    "fair_value_direction": "Improving",
    "relative_strength": -33.103306,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.021925,
    "excess_performance": -0.463297,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003653,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.036737,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.20005,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.117347,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.331033,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.069711,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.021925,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.509628,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3534204,
      "relative_activity": 0.681999,
      "balance": 0.509628,
      "dry_up": 0.914087,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.145031,
      "annualized_volatility": 0.722243,
      "from_high_reference": -0.326152,
      "from_low_reference": 0.309626
    },
    "levels": {
      "trend_reference": 115.923443,
      "fair_value_reference": 96.246019,
      "structural_low": 88.193103,
      "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": 13,
        "median_return": 0.041509,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": 0.024614,
        "regime_survival": 0.307692,
        "best_return": 0.452619,
        "worst_return": -0.081986,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.091744,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.133393,
        "regime_survival": 0.166667,
        "best_return": 0.339743,
        "worst_return": -0.23983,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.260351,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.192598,
        "regime_survival": 0.25,
        "best_return": 0.64604,
        "worst_return": 0.07267,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.765657,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.400765,
        "regime_survival": 0.0,
        "best_return": 0.79078,
        "worst_return": -0.096492,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.174026,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-02-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-05-02",
        "tenure": "Developing",
        "return": -0.02439,
        "active": false
      },
      {
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-06-20",
        "tenure": "New",
        "return": 0.008761,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.004854,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.420705,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.090301,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-03-06",
        "tenure": "Established",
        "return": 0.086957,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": 0.008475,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "active": false
      },
      {
        "regime": "rotation_up",
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      {
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        "active": true
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    ],
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      },
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
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      },
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "trend": 119.264974,
        "fair_value": 94.718329,
        "relative_strength": -24.351814,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
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        "energy": 10.273599,
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      },
      {
        "date": "2026-07-10",
        "close": 130.545715,
        "volume": 19209332,
        "typical_volume": 4372049.05,
        "trend": 119.281582,
        "fair_value": 95.052495,
        "relative_strength": -25.942396,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "direction": -3.830015,
        "energy": 19.103505,
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      },
      {
        "date": "2026-07-17",
        "close": 117.0,
        "volume": 16441679,
        "typical_volume": 4855300.65,
        "trend": 118.863276,
        "fair_value": 95.346052,
        "relative_strength": -29.128842,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 2.069173,
        "energy": 21.785745,
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      },
      {
        "date": "2026-07-24",
        "close": 109.5,
        "volume": 10380791,
        "typical_volume": 5099883.65,
        "trend": 118.49393,
        "fair_value": 95.60771,
        "relative_strength": -34.86349,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 8.80018,
        "energy": 23.449414,
        "activity_lines": [
          118.802171,
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          113.824205
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      },
      {
        "date": "2026-07-31",
        "close": 102.0,
        "volume": 3123169,
        "typical_volume": 5171327.85,
        "trend": 117.509188,
        "fair_value": 95.81898,
        "relative_strength": -38.152524,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -25.913525,
        "energy": 14.837221,
        "activity_lines": [
          113.20741,
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          112.76008
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      },
      {
        "date": "2026-08-07",
        "close": 103.5,
        "volume": 1909498,
        "typical_volume": 5200794.0,
        "trend": 116.508011,
        "fair_value": 96.014067,
        "relative_strength": -38.297256,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.953637,
        "energy": 21.854907,
        "activity_lines": [
          107.903048,
          110.34863,
          109.180199,
          111.856262
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      },
      {
        "date": "2026-08-14",
        "close": 115.5,
        "volume": 3534204,
        "typical_volume": 5182126.95,
        "trend": 115.923443,
        "fair_value": 96.246019,
        "relative_strength": -33.103306,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -26.721297,
        "energy": 18.082199,
        "activity_lines": [
          108.9,
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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."
    }
  }
}