{
  "ticker": {
    "uuid": "99725f8a-e750-4707-bfbe-b5b557fe6cdd",
    "symbol": "1220",
    "name": "Tai Roun Products Co.,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": 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": -76.03,
    "architecture_energy": 69.541,
    "architecture_maturity": 36.082,
    "architecture_confidence": 94.235,
    "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": 4.37,
        "rotation_up": 20.29,
        "upward_expansion": 13.91,
        "deceleration": 42.04,
        "rotation_down": 65.82,
        "downward_expansion": 89.58
      },
      "activity_lines": [
        11.156667,
        11.260686,
        11.453872,
        11.680311
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 11.0,
    "trend_reference": 11.971287,
    "distance_from_trend": -0.081135,
    "trend_direction": "Weakening",
    "fair_value": 13.413957,
    "distance_from_fair_value": -0.179959,
    "fair_value_direction": "Weakening",
    "relative_strength": -36.884428,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.118391,
    "excess_performance": -0.559763,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.081135,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.0274,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.179959,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.047965,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.368844,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011737,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.118391,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.745996,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 436103,
      "relative_activity": 0.911233,
      "balance": 0.745996,
      "dry_up": 0.741672,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.028309,
      "annualized_volatility": 0.128768,
      "from_high_reference": -0.197389,
      "from_low_reference": 0.004566
    },
    "levels": {
      "trend_reference": 11.971287,
      "fair_value_reference": 13.413957,
      "structural_low": 10.95,
      "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": 24,
        "median_return": -0.005492,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.037263,
        "regime_survival": 0.875,
        "best_return": 0.062271,
        "worst_return": -0.093023,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.028052,
        "positive_rate": 0.25,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.117769,
        "regime_survival": 0.625,
        "best_return": 0.028777,
        "worst_return": -0.066964,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.035011,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.191856,
        "regime_survival": 0.25,
        "best_return": 0.086379,
        "worst_return": -0.055323,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.060436,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.218765,
        "regime_survival": 0.333333,
        "best_return": 0.20984,
        "worst_return": -0.102018,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-06-02",
        "end": "2023-06-30",
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        "return": -0.019802,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
        "start": "2023-07-07",
        "end": "2023-12-08",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": -0.034247,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-23",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.04908,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-24",
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        "trend": 12.090965,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.791553,
        "energy": 46.517654,
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      },
      {
        "date": "2026-07-31",
        "close": 11.2,
        "volume": 403865,
        "typical_volume": 512624.5,
        "trend": 12.053304,
        "fair_value": 13.442572,
        "relative_strength": -33.786246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.684283,
        "energy": 53.316767,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.15,
        "volume": 305968,
        "typical_volume": 489819.65,
        "trend": 12.015614,
        "fair_value": 13.427141,
        "relative_strength": -34.739865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.176574,
        "energy": 55.180645,
        "activity_lines": [
          11.253158,
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      },
      {
        "date": "2026-08-14",
        "close": 11.0,
        "volume": 436103,
        "typical_volume": 478585.45,
        "trend": 11.971287,
        "fair_value": 13.413957,
        "relative_strength": -36.884428,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.030358,
        "energy": 69.541237,
        "activity_lines": [
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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."
    }
  }
}