{
  "ticker": {
    "uuid": "a34dfa84-5aa1-4b9d-9b60-ffbde0399557",
    "symbol": "3317",
    "name": "Niko Semiconductor Co., Ltd.",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 3.133,
    "architecture_energy": 24.888,
    "architecture_maturity": 63.809,
    "architecture_confidence": 71.812,
    "architecture_tenure": "New",
    "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": 46.86,
        "rotation_up": 17.45,
        "upward_expansion": 44.61,
        "deceleration": 85.12,
        "rotation_down": 47.97,
        "downward_expansion": 36.28
      },
      "activity_lines": [
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        77.198571,
        71.886559
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 68.599998,
    "trend_reference": 64.71,
    "distance_from_trend": 0.060114,
    "trend_direction": "Improving",
    "fair_value": 47.014081,
    "distance_from_fair_value": 0.459137,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.416679,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.470525,
    "excess_performance": 0.029153,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.060114,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.216087,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.459137,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.284366,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.114167,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.210898,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.470525,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.255682,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3009560,
      "relative_activity": 0.131329,
      "balance": 3.255682,
      "dry_up": 0.230009,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.166966,
      "annualized_volatility": 0.571924,
      "from_high_reference": -0.364815,
      "from_low_reference": 0.787098
    },
    "levels": {
      "trend_reference": 64.71,
      "fair_value_reference": 47.014081,
      "structural_low": 43.5,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.011881,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.039004,
        "regime_survival": 0.461538,
        "best_return": 0.183036,
        "worst_return": -0.1625,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
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        "regime_survival": 0.142857,
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        "worst_return": -0.15375,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.034036,
        "regime_survival": 0.0,
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        "worst_return": -0.113402,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.170103,
        "sufficient": false
      }
    ],
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": -0.058947,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-06-20",
        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      {
        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-10",
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      },
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      },
      {
        "date": "2026-07-24",
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        "volume": 8238216,
        "typical_volume": 22848091.8,
        "trend": 62.568333,
        "fair_value": 46.405917,
        "relative_strength": 1.972282,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.667202,
        "energy": 42.623613,
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          85.859999,
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      },
      {
        "date": "2026-07-31",
        "close": 63.700001,
        "volume": 5994833,
        "typical_volume": 22959883.3,
        "trend": 63.198333,
        "fair_value": 46.58566,
        "relative_strength": -12.992753,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 21.608544,
        "energy": 18.295682,
        "activity_lines": [
          77.573333,
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      },
      {
        "date": "2026-08-07",
        "close": 67.300003,
        "volume": 3841083,
        "typical_volume": 22946901.45,
        "trend": 63.93,
        "fair_value": 46.793579,
        "relative_strength": -10.111908,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.51464,
        "energy": 24.763283,
        "activity_lines": [
          72.240001,
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          71.585269
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      },
      {
        "date": "2026-08-14",
        "close": 68.599998,
        "volume": 3009560,
        "typical_volume": 22916209.35,
        "trend": 64.71,
        "fair_value": 47.014081,
        "relative_strength": -11.416679,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.133048,
        "energy": 24.887872,
        "activity_lines": [
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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."
    }
  }
}