{
  "ticker": {
    "uuid": "9ddac16f-34fa-4c7f-9ef1-a2662fe8944c",
    "symbol": "6643",
    "name": "M31 Technology Corporation",
    "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": 91.215,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -30.159,
    "architecture_energy": 33.392,
    "architecture_maturity": 15.121,
    "architecture_confidence": 62.635,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 37.52,
        "rotation_up": 24.11,
        "upward_expansion": 12.59,
        "deceleration": 52.0,
        "rotation_down": 52.75,
        "downward_expansion": 51.92
      },
      "activity_lines": [
        424.234593,
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        475.695558,
        483.793755
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 440.0,
    "trend_reference": 482.994234,
    "distance_from_trend": -0.089016,
    "trend_direction": "Improving",
    "fair_value": 712.217228,
    "distance_from_fair_value": -0.382211,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.225972,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.067152,
    "excess_performance": -0.508524,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089016,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025229,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.382211,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.229698,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.32226,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.191285,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.067152,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.495888,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1981384,
      "relative_activity": 0.474076,
      "balance": 0.495888,
      "dry_up": 0.706492,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.159452,
      "annualized_volatility": 0.588034,
      "from_high_reference": -0.395565,
      "from_low_reference": 0.21547
    },
    "levels": {
      "trend_reference": 482.994234,
      "fair_value_reference": 712.217228,
      "structural_low": 362.0,
      "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": 6,
        "median_return": 0.081863,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.05235,
        "regime_survival": 0.5,
        "best_return": 0.354686,
        "worst_return": -0.203065,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.054463,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.017755,
        "regime_survival": 0.0,
        "best_return": 0.151424,
        "worst_return": -0.186957,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.050974,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.020376,
        "regime_survival": 0.333333,
        "best_return": 0.111726,
        "worst_return": -0.1326,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.083974,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.03767,
        "regime_survival": 0.0,
        "best_return": 0.168395,
        "worst_return": -0.336344,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-06-02",
        "end": "2023-08-11",
        "tenure": "Developing",
        "return": 0.087137,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-08-18",
        "end": "2023-11-10",
        "tenure": "Established",
        "return": 0.095858,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-11-17",
        "end": "2024-03-15",
        "tenure": "Established",
        "return": 0.395349,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-05-03",
        "tenure": "Developing",
        "return": -0.186207,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.554885,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.378947,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": -0.038095,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": -0.209326,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.08628,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2026-01-23",
        "tenure": "Extended",
        "return": -0.277077,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": 0.078891,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.134851,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": true
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    ],
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      {
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 4486246.25,
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        "fair_value": 715.794356,
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        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 437.0,
        "volume": 3398796,
        "typical_volume": 4346586.85,
        "trend": 482.637331,
        "fair_value": 713.751329,
        "relative_strength": -31.326381,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.260602,
        "energy": 48.01662,
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      },
      {
        "date": "2026-08-14",
        "close": 440.0,
        "volume": 1981384,
        "typical_volume": 4179462.35,
        "trend": 482.994234,
        "fair_value": 712.217228,
        "relative_strength": -32.225972,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.158677,
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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."
    }
  }
}