{
  "ticker": {
    "uuid": "9c1e8a6f-2af9-482c-bbad-5e05efc7c2ff",
    "symbol": "6561",
    "name": "Chief Telecom 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": 90.805,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -56.358,
    "architecture_energy": 31.578,
    "architecture_maturity": 22.079,
    "architecture_confidence": 89.831,
    "architecture_tenure": "Developing",
    "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": 34.77,
        "rotation_up": 20.89,
        "upward_expansion": 3.26,
        "deceleration": 52.39,
        "rotation_down": 43.11,
        "downward_expansion": 71.92
      },
      "activity_lines": [
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        335.497132
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 320.0,
    "trend_reference": 337.661109,
    "distance_from_trend": -0.052304,
    "trend_direction": "Weakening",
    "fair_value": 366.028665,
    "distance_from_fair_value": -0.125752,
    "fair_value_direction": "Weakening",
    "relative_strength": -36.586235,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.029815,
    "excess_performance": -0.411557,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.052304,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.018976,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.125752,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.035265,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.365862,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.041109,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.029815,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.46697,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.47574,
      "balance": 0.46697,
      "dry_up": 0.527145,
      "accumulation_observations": 2,
      "distribution_observations": 4
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    "risk": {
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      "annualized_volatility": 0.285253,
      "from_high_reference": -0.271952,
      "from_low_reference": 0.052995
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    "levels": {
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      "fair_value_reference": 366.028665,
      "structural_low": 306.338113,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "worst_return": -0.106742,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-10",
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        "stage": 4,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 600264.0,
        "trend": 340.352533,
        "fair_value": 365.759063,
        "relative_strength": -36.757177,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 57.234505,
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      },
      {
        "date": "2026-07-24",
        "close": 325.5,
        "volume": 162362,
        "typical_volume": 554712.65,
        "trend": 340.122184,
        "fair_value": 365.816018,
        "relative_strength": -35.767879,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.268856,
        "energy": 44.654359,
        "activity_lines": [
          325.325395,
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      },
      {
        "date": "2026-07-31",
        "close": 330.5,
        "volume": 414242,
        "typical_volume": 555077.95,
        "trend": 339.610164,
        "fair_value": 365.971991,
        "relative_strength": -32.994656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.602614,
        "energy": 35.833679,
        "activity_lines": [
          326.749609,
          328.658468,
          334.721203,
          337.413273
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      },
      {
        "date": "2026-08-07",
        "close": 328.5,
        "volume": 254219,
        "typical_volume": 543780.3,
        "trend": 338.590016,
        "fair_value": 366.058479,
        "relative_strength": -33.858708,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.354977,
        "energy": 29.772477,
        "activity_lines": [
          327.166667,
          327.935413,
          333.681708,
          336.696488
        ]
      },
      {
        "date": "2026-08-14",
        "close": 320.0,
        "volume": 242066,
        "typical_volume": 508820.15,
        "trend": 337.661109,
        "fair_value": 366.028665,
        "relative_strength": -36.586235,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.357731,
        "energy": 31.577807,
        "activity_lines": [
          324.966667,
          326.081216,
          331.903974,
          335.497132
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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."
    }
  }
}