{
  "ticker": {
    "uuid": "adf65457-4faa-4039-85a9-331d55417c03",
    "symbol": "4767",
    "name": "Cherng Tay Technology 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 65.218,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.911,
    "architecture_energy": 56.952,
    "architecture_maturity": 24.193,
    "architecture_confidence": 69.522,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 15.34,
        "rotation_up": 64.27,
        "upward_expansion": 82.73,
        "deceleration": 50.07,
        "rotation_down": 15.16,
        "downward_expansion": 9.39
      },
      "activity_lines": [
        26.9008,
        26.5848,
        26.298571,
        25.897161
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 28.0,
    "trend_reference": 25.3988,
    "distance_from_trend": 0.102414,
    "trend_direction": "Improving",
    "fair_value": 27.510443,
    "distance_from_fair_value": 0.017795,
    "fair_value_direction": "Improving",
    "relative_strength": -24.536914,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.152833,
    "excess_performance": -0.288539,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.102414,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000142,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.017795,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.078005,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.245369,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.126879,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.152833,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.795635,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 494016,
      "relative_activity": 5.626225,
      "balance": 5.795635,
      "dry_up": 1.742536,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.039725,
      "annualized_volatility": 0.155839,
      "from_high_reference": -0.036145,
      "from_low_reference": 0.205234
    },
    "levels": {
      "trend_reference": 25.3988,
      "fair_value_reference": 27.510443,
      "structural_low": 23.232,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": -0.001401,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.017201,
        "regime_survival": 0.730769,
        "best_return": 0.168571,
        "worst_return": -0.140673,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.035185,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.042119,
        "regime_survival": 0.555556,
        "best_return": 0.19044,
        "worst_return": -0.134557,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.005922,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.02247,
        "regime_survival": 0.2,
        "best_return": 0.157645,
        "worst_return": -0.115367,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.0246,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.046251,
        "regime_survival": 0.0,
        "best_return": 0.069224,
        "worst_return": -0.033588,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-20",
        "end": "2023-12-01",
        "tenure": "Developing",
        "return": 0.035778,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
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        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.069343,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.032895,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-24",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.098202,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.044822,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.051929,
        "active": false
      },
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": -0.074286,
        "active": false
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        "regime": "downward_expansion",
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        "start": "2025-04-25",
        "end": "2026-04-24",
        "tenure": "Extended",
        "return": -0.140016,
        "active": false
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        "regime": "balance",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 72600.5,
        "trend": 25.719999,
        "fair_value": 27.241147,
        "relative_strength": -35.594225,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 75450.5,
        "trend": 25.641599,
        "fair_value": 27.233534,
        "relative_strength": -38.427585,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 29.543471,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 68000,
        "typical_volume": 77550.5,
        "trend": 25.553599,
        "fair_value": 27.223104,
        "relative_strength": -37.224772,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "energy": 30.185589,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 80950.5,
        "trend": 25.491199,
        "fair_value": 27.24474,
        "relative_strength": -37.707033,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 83350.5,
        "trend": 25.430399,
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        "relative_strength": -39.704711,
        "stage": 4,
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        "gate": "mixed",
        "direction": 21.207452,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 81154.95,
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        "fair_value": 27.287294,
        "relative_strength": -38.052503,
        "stage": 4,
        "regime": "rotation_up",
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-12",
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        "volume": 22000,
        "typical_volume": 77204.95,
        "trend": 25.382399,
        "fair_value": 27.31306,
        "relative_strength": -35.68123,
        "stage": 4,
        "regime": "rotation_up",
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        "gate": "mixed",
        "direction": 34.681304,
        "energy": 30.482266,
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      },
      {
        "date": "2026-06-19",
        "close": 25.872,
        "volume": 47000,
        "typical_volume": 77204.95,
        "trend": 25.345599,
        "fair_value": 27.334341,
        "relative_strength": -39.195141,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.51658,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 75404.95,
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        "relative_strength": -35.021396,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 75754.95,
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        "fair_value": 27.373503,
        "relative_strength": -36.694394,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 37.848082,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 26.207998,
        "volume": 35000,
        "typical_volume": 73454.95,
        "trend": 25.260799,
        "fair_value": 27.394824,
        "relative_strength": -33.763717,
        "stage": 1,
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        "energy": 30.099993,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 26.112,
        "volume": 28000,
        "typical_volume": 72754.95,
        "trend": 25.270399,
        "fair_value": 27.415793,
        "relative_strength": -28.773518,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.250246,
        "energy": 31.980054,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 26.4,
        "volume": 33000,
        "typical_volume": 72304.95,
        "trend": 25.279999,
        "fair_value": 27.437287,
        "relative_strength": -28.561617,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.804755,
        "energy": 36.681876,
        "activity_lines": [
          26.2464,
          26.200145,
          25.944457,
          25.585135
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      },
      {
        "date": "2026-07-31",
        "close": 26.200001,
        "volume": 46000,
        "typical_volume": 70704.95,
        "trend": 25.279733,
        "fair_value": 27.457764,
        "relative_strength": -27.147024,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.300008,
        "energy": 29.781815,
        "activity_lines": [
          26.240533,
          26.210909,
          26.007009,
          25.64449
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      },
      {
        "date": "2026-08-07",
        "close": 26.5,
        "volume": 39004,
        "typical_volume": 67605.15,
        "trend": 25.303866,
        "fair_value": 27.478049,
        "relative_strength": -27.044793,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.384425,
        "energy": 32.734654,
        "activity_lines": [
          26.3288,
          26.266764,
          26.086971,
          25.723217
        ]
      },
      {
        "date": "2026-08-14",
        "close": 28.0,
        "volume": 494016,
        "typical_volume": 87805.95,
        "trend": 25.3988,
        "fair_value": 27.510443,
        "relative_strength": -24.536914,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.911299,
        "energy": 56.951922,
        "activity_lines": [
          26.9008,
          26.5848,
          26.298571,
          25.897161
        ]
      }
    ],
    "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."
    }
  }
}