{
  "ticker": {
    "uuid": "9bc2cfbd-e875-43f0-89ff-283cf6b1820d",
    "symbol": "1538",
    "name": "Jenn Feng Industrial Tools 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": -85.394,
    "architecture_energy": 73.569,
    "architecture_maturity": 88.207,
    "architecture_confidence": 94.693,
    "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": 8.57,
        "rotation_up": 28.85,
        "upward_expansion": 12.0,
        "deceleration": 49.66,
        "rotation_down": 61.26,
        "downward_expansion": 85.33
      },
      "activity_lines": [
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        10.93,
        12.220968
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 9.2,
    "trend_reference": 15.008333,
    "distance_from_trend": -0.387007,
    "trend_direction": "Weakening",
    "fair_value": 26.500856,
    "distance_from_fair_value": -0.652841,
    "fair_value_direction": "Weakening",
    "relative_strength": -69.233558,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.648184,
    "excess_performance": -1.089556,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.387007,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.259396,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.652841,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.104737,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.692336,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.02758,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.648184,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.729649,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2204,
      "relative_activity": 0.040274,
      "balance": 0.729649,
      "dry_up": 0.309296,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.079264,
      "annualized_volatility": 0.527359,
      "from_high_reference": -0.687075,
      "from_low_reference": 0.0
    },
    "levels": {
      "trend_reference": 15.008333,
      "fair_value_reference": 26.500856,
      "structural_low": 9.2,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.022989,
        "positive_rate": 0.434783,
        "directional_follow_through": 0.521739,
        "median_excess_return": -0.00758,
        "regime_survival": 0.73913,
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        "worst_return": -0.289326,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.325843,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.51145,
        "sufficient": true
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        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2023-12-22",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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        "date": "2026-07-10",
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        "relative_strength": -66.929588,
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      },
      {
        "date": "2026-07-24",
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        "volume": 35501,
        "typical_volume": 76017.95,
        "trend": 16.655,
        "fair_value": 26.740819,
        "relative_strength": -67.621987,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.520956,
        "energy": 70.361797,
        "activity_lines": [
          10.3,
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          11.565476,
          13.430645
        ]
      },
      {
        "date": "2026-07-31",
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        "volume": 30000,
        "typical_volume": 73604.7,
        "trend": 16.116667,
        "fair_value": 26.662466,
        "relative_strength": -65.652601,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.779793,
        "energy": 67.285255,
        "activity_lines": [
          10.196667,
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          11.35119,
          13.014194
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      },
      {
        "date": "2026-08-07",
        "close": 10.2,
        "volume": 0,
        "typical_volume": 65931.9,
        "trend": 15.578333,
        "fair_value": 26.584866,
        "relative_strength": -65.618798,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.466422,
        "energy": 66.715354,
        "activity_lines": [
          10.153333,
          10.486364,
          11.172381,
          12.632473
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      },
      {
        "date": "2026-08-14",
        "close": 9.2,
        "volume": 2204,
        "typical_volume": 54725.0,
        "trend": 15.008333,
        "fair_value": 26.500856,
        "relative_strength": -69.233558,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.393962,
        "energy": 73.568938,
        "activity_lines": [
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          10.187273,
          10.93,
          12.220968
        ]
      }
    ],
    "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."
    }
  }
}