{
  "ticker": {
    "uuid": "aefa2f94-ea0a-4a25-b7ab-25f040e2803f",
    "symbol": "3703",
    "name": "Continental Holdings Corporation",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 57.572,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -41.093,
    "architecture_energy": 19.907,
    "architecture_maturity": 17.366,
    "architecture_confidence": 59.056,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 52.48,
        "rotation_up": 17.79,
        "upward_expansion": 13.92,
        "deceleration": 56.23,
        "rotation_down": 40.38,
        "downward_expansion": 56.92
      },
      "activity_lines": [
        20.35,
        20.477292,
        20.336294,
        20.457976
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 19.950001,
    "trend_reference": 20.740676,
    "distance_from_trend": -0.038122,
    "trend_direction": "Weakening",
    "fair_value": 24.398615,
    "distance_from_fair_value": -0.182331,
    "fair_value_direction": "Improving",
    "relative_strength": -33.331368,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.071821,
    "excess_performance": -0.513193,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.038122,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.013426,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.182331,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.044712,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.333314,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.069766,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.071821,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.049772,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11167431,
      "relative_activity": 1.805593,
      "balance": 1.049772,
      "dry_up": 1.213397,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.035582,
      "annualized_volatility": 0.151273,
      "from_high_reference": -0.159245,
      "from_low_reference": 0.059436
    },
    "levels": {
      "trend_reference": 20.740676,
      "fair_value_reference": 24.398615,
      "structural_low": 18.830769,
      "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": 28,
        "median_return": -0.007986,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.038275,
        "regime_survival": 0.571429,
        "best_return": 0.136126,
        "worst_return": -0.145359,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.0153,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.117406,
        "regime_survival": 0.25,
        "best_return": 0.455882,
        "worst_return": -0.204839,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.024314,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.075232,
        "regime_survival": 0.5,
        "best_return": 0.329263,
        "worst_return": -0.245236,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.071102,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.15951,
        "regime_survival": 0.25,
        "best_return": 0.250406,
        "worst_return": -0.226894,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-03-22",
        "tenure": "New",
        "return": 0.006981,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-05-31",
        "tenure": "Developing",
        "return": 0.140984,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-07",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.013605,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.081712,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.089051,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-27",
        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.0448,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-18",
        "end": "2025-02-07",
        "tenure": "Established",
        "return": 0.038462,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.090323,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-08-29",
        "tenure": "Established",
        "return": -0.110039,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
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    ],
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      },
      {
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      },
      {
        "date": "2026-07-31",
        "close": 20.6,
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        "typical_volume": 5834422.05,
        "trend": 20.8381,
        "fair_value": 24.440458,
        "relative_strength": -28.74423,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.759228,
        "energy": 9.48845,
        "activity_lines": [
          20.65,
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      },
      {
        "date": "2026-08-07",
        "close": 20.4,
        "volume": 5993571,
        "typical_volume": 5865063.05,
        "trend": 20.806399,
        "fair_value": 24.421118,
        "relative_strength": -30.326314,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.620738,
        "energy": 10.676657,
        "activity_lines": [
          20.56,
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      },
      {
        "date": "2026-08-14",
        "close": 19.950001,
        "volume": 11167431,
        "typical_volume": 6184909.4,
        "trend": 20.740676,
        "fair_value": 24.398615,
        "relative_strength": -33.331368,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.093446,
        "energy": 19.906884,
        "activity_lines": [
          20.35,
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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."
    }
  }
}