{ "ticker": { "uuid": "a6904f92-58b0-493a-9e3a-5d096867b889", "symbol": "4510", "name": "Kao Fong Machinery 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": 84.362, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -39.729, "architecture_energy": 27.152, "architecture_maturity": 11.986, "architecture_confidence": 91.32, "architecture_tenure": "New", "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": 35.78, "rotation_up": 20.23, "upward_expansion": 5.12, "deceleration": 48.91, "rotation_down": 49.53, "downward_expansion": 76.12 }, "activity_lines": [ 40.93, 41.045454, 43.145, 43.71 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 46.450001, "trend_reference": 44.7, "distance_from_trend": 0.03915, "trend_direction": "Improving", "fair_value": 35.640036, "distance_from_fair_value": 0.30331, "fair_value_direction": "Weakening", "relative_strength": -25.186433, "relative_strength_direction": "Improving", "price_momentum": -0.042268, "excess_performance": -0.48364, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.03915, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017258, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.30331, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.155547, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.251864, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.033066, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.042268, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.314984, "read": "Demand-led" } ], "volume": { "latest": 16321920, "relative_activity": 1.281938, "balance": 1.314984, "dry_up": 0.49956, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.117165, "annualized_volatility": 0.516661, "from_high_reference": -0.182218, "from_low_reference": 0.407576 }, "levels": { "trend_reference": 44.7, "fair_value_reference": 35.640036, "structural_low": 33.0, "invalidation": "A decisive 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"date": "2026-07-17", "close": 39.0, "volume": 3851255, "typical_volume": 12772706.95, "trend": 44.793334, "fair_value": 35.032997, "relative_strength": -36.627266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.968176, "energy": 44.990847, "activity_lines": [ 41.716667, 43.705455, 44.759048, 44.897097 ] }, { "date": "2026-07-24", "close": 38.349998, "volume": 2108584, "typical_volume": 12637837.0, "trend": 44.721667, "fair_value": 35.167756, "relative_strength": -38.122144, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.896608, "energy": 61.596798, "activity_lines": [ 40.34, 42.419091, 44.160953, 44.481398 ] }, { "date": "2026-07-31", "close": 35.200001, "volume": 2844145, "typical_volume": 12604387.1, "trend": 44.495, "fair_value": 35.287153, "relative_strength": -41.562196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.778181, "energy": 73.425976, "activity_lines": [ 38.376666, 40.745455, 43.280953, 43.867097 ] }, { "date": "2026-08-07", "close": 40.099998, "volume": 4167396, "typical_volume": 12582911.9, "trend": 44.49, "fair_value": 35.440978, "relative_strength": -34.093517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.211297, "energy": 64.687537, "activity_lines": [ 38.459999, 40.224545, 42.905714, 43.583548 ] }, { "date": "2026-08-14", "close": 46.450001, "volume": 16321920, "typical_volume": 12732220.3, "trend": 44.7, "fair_value": 35.640036, "relative_strength": -25.186433, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.728827, "energy": 27.151712, "activity_lines": [ 40.93, 41.045454, 43.145, 43.71 ] } ], "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." } } }