{ "ticker": { "uuid": "9a9710c5-ff91-4103-a875-a02ac251fc32", "symbol": "6785", "name": "Alar Pharmaceuticals Inc.", "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": -69.452, "architecture_energy": 70.921, "architecture_maturity": 70.913, "architecture_confidence": 96, "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": 2.08, "rotation_up": 25.36, "upward_expansion": 13.65, "deceleration": 46.47, "rotation_down": 65.96, "downward_expansion": 91.65 }, "activity_lines": [ 100.22, 106.096364, 115.541905, 131.29957 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -1.0 }, "latest_close": 100.0, "trend_reference": 160.363333, "distance_from_trend": -0.376416, "trend_direction": "Weakening", "fair_value": 198.158068, "distance_from_fair_value": -0.495352, "fair_value_direction": "Weakening", "relative_strength": -66.516713, "relative_strength_direction": "Weakening", "price_momentum": -0.615385, "excess_performance": -1.056757, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.376416, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.256257, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.495352, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.123802, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.665167, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.075412, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.615385, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.413044, "read": "Supply-led" } ], "volume": { "latest": 220116, "relative_activity": 0.428531, "balance": 0.413044, "dry_up": 0.586248, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.112462, "annualized_volatility": 0.43349, "from_high_reference": -0.684543, "from_low_reference": 0.086957 }, "levels": { "trend_reference": 160.363333, "fair_value_reference": 198.158068, "structural_low": 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"relative_strength": -62.774134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.766556, "energy": 67.993196, "activity_lines": [ 115.433333, 117.727273, 129.361905, 151.006452 ] }, { "date": "2026-07-24", "close": 108.5, "volume": 218151, "typical_volume": 541069.9, "trend": 180.533333, "fair_value": 198.854876, "relative_strength": -63.372014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.096453, "energy": 67.321711, "activity_lines": [ 112.666667, 115.627273, 126.085714, 145.973118 ] }, { "date": "2026-07-31", "close": 94.300003, "volume": 568024, "typical_volume": 555805.5, "trend": 173.41, "fair_value": 198.670186, "relative_strength": -67.361298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.216066, "energy": 73.290946, "activity_lines": [ 106.000001, 111.281819, 121.854762, 140.409678 ] }, { "date": "2026-08-07", "close": 98.599998, "volume": 198219, "typical_volume": 529698.6, "trend": 166.396667, "fair_value": 198.446235, "relative_strength": -66.329649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.098129, "energy": 74.286326, "activity_lines": [ 102.046667, 108.34, 118.450952, 135.583226 ] }, { "date": "2026-08-14", "close": 100.0, "volume": 220116, "typical_volume": 513652.4, "trend": 160.363333, "fair_value": 198.158068, "relative_strength": -66.516713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.452019, "energy": 70.920581, "activity_lines": [ 100.22, 106.096364, 115.541905, 131.29957 ] } ], "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." } } }