{
  "ticker": {
    "uuid": "a25f70be-18fa-479d-ae05-c42ed4fbf4bd",
    "symbol": "6278",
    "name": "Taiwan Surface Mounting Technology Corp.",
    "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": "2026-08-21",
    "benchmark": "^TWII",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 13.472,
    "architecture_energy": 15.604,
    "architecture_maturity": 59.227,
    "architecture_confidence": 76.922,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 43.85,
        "rotation_up": 21.85,
        "upward_expansion": 43.52,
        "deceleration": 80.5,
        "rotation_down": 37.18,
        "downward_expansion": 35.18
      },
      "activity_lines": [
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        170.506985
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 187.0,
    "trend_reference": 151.418193,
    "distance_from_trend": 0.23499,
    "trend_direction": "Improving",
    "fair_value": 107.259557,
    "distance_from_fair_value": 0.743434,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.333786,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.974868,
    "excess_performance": 0.629136,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.23499,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.219321,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.743434,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.668406,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.113338,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.366167,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.974868,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.7864,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 39020844,
      "relative_activity": 0.777881,
      "balance": 0.7864,
      "dry_up": 0.563167,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.135785,
      "annualized_volatility": 0.851918,
      "from_high_reference": -0.244196,
      "from_low_reference": 1.104509
    },
    "levels": {
      "trend_reference": 151.418193,
      "fair_value_reference": 107.259557,
      "structural_low": 89.926208,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.046083,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.142857,
        "median_excess_return": -0.051073,
        "regime_survival": 0.571429,
        "best_return": 0.026558,
        "worst_return": -0.320722,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.029379,
        "regime_survival": 0.0,
        "best_return": -0.016619,
        "worst_return": -0.11588,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.042918,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.048683,
        "regime_survival": 0.0,
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        "worst_return": -0.07557,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.333333,
        "median_excess_return": -0.039295,
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        "worst_return": -0.163915,
        "sufficient": false
      }
    ],
    "ledger": [
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        "start": "2024-11-08",
        "end": "2025-02-14",
        "tenure": "Established",
        "return": 0.033816,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "start": "2025-02-21",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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        "return": -0.022422,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-04-04",
        "tenure": "New",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      {
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      },
      {
        "date": "2026-08-07",
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      },
      {
        "date": "2026-08-14",
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        "typical_volume": 48452525.15,
        "trend": 148.318505,
        "fair_value": 106.575643,
        "relative_strength": 1.679521,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 1.242404,
        "energy": 21.218736,
        "activity_lines": [
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      },
      {
        "date": "2026-08-21",
        "close": 187.0,
        "volume": 39020844,
        "typical_volume": 50162973.75,
        "trend": 151.418193,
        "fair_value": 107.259557,
        "relative_strength": 11.333786,
        "stage": 2,
        "regime": "deceleration",
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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."
    }
  }
}