{
  "ticker": {
    "uuid": "a77aa892-3150-4b80-9df0-55f15676e27a",
    "symbol": "6506",
    "name": "Shuang-Bang Industrial Corp.",
    "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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "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": 9.424,
    "architecture_energy": 13.981,
    "architecture_maturity": 44.327,
    "architecture_confidence": 74.461,
    "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": 55.08,
        "rotation_up": 17.71,
        "upward_expansion": 40.62,
        "deceleration": 84.44,
        "rotation_down": 35.61,
        "downward_expansion": 32.28
      },
      "activity_lines": [
        16.937935,
        17.155415,
        17.350388,
        17.027821
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 17.25,
    "trend_reference": 16.48558,
    "distance_from_trend": 0.046369,
    "trend_direction": "Improving",
    "fair_value": 15.487957,
    "distance_from_fair_value": 0.113769,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.489827,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.173079,
    "excess_performance": -0.268293,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046369,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.057722,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.113769,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.074301,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.214898,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.026223,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.173079,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.752224,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 412105,
      "relative_activity": 0.409084,
      "balance": 0.752224,
      "dry_up": 0.411464,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.061614,
      "annualized_volatility": 0.259216,
      "from_high_reference": -0.143597,
      "from_low_reference": 0.212052
    },
    "levels": {
      "trend_reference": 16.48558,
      "fair_value_reference": 15.487957,
      "structural_low": 14.515761,
      "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": 11,
        "median_return": 0.010417,
        "positive_rate": 0.727273,
        "directional_follow_through": 0.727273,
        "median_excess_return": 0.00849,
        "regime_survival": 0.363636,
        "best_return": 0.195965,
        "worst_return": -0.060966,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.045236,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.018685,
        "regime_survival": 0.166667,
        "best_return": 0.111111,
        "worst_return": -0.007833,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.020294,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.009802,
        "regime_survival": 0.0,
        "best_return": 0.141141,
        "worst_return": -0.068376,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.037421,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.101273,
        "regime_survival": 0.0,
        "best_return": 0.352853,
        "worst_return": -0.079623,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-19",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.099715,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.096447,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.045326,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.018018,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": 0.030581,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.014925,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2025-10-17",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
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      {
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        "label": "Rotation Down",
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        "active": false
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        "return": 0.032154,
        "active": false
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        "active": true
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      },
      {
        "date": "2026-07-24",
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        "volume": 440756,
        "typical_volume": 995380.0,
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        "fair_value": 15.471371,
        "relative_strength": -19.886689,
        "stage": 3,
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        "modifier": "Recompressing",
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        "energy": 18.224282,
        "activity_lines": [
          17.39413,
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      },
      {
        "date": "2026-07-31",
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        "volume": 634037,
        "typical_volume": 1015372.85,
        "trend": 16.326449,
        "fair_value": 15.476035,
        "relative_strength": -21.456662,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 17.474462,
        "energy": 14.561293,
        "activity_lines": [
          17.095579,
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      },
      {
        "date": "2026-08-07",
        "close": 16.65,
        "volume": 171113,
        "typical_volume": 999337.7,
        "trend": 16.397591,
        "fair_value": 15.47965,
        "relative_strength": -22.220987,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.196305,
        "energy": 14.166596,
        "activity_lines": [
          16.871268,
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      },
      {
        "date": "2026-08-14",
        "close": 17.25,
        "volume": 412105,
        "typical_volume": 1007384.0,
        "trend": 16.48558,
        "fair_value": 15.487957,
        "relative_strength": -21.489827,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.423569,
        "energy": 13.981436,
        "activity_lines": [
          16.937935,
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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."
    }
  }
}