{
  "ticker": {
    "uuid": "b0682d0b-7be4-49c7-82b3-5aa5de746445",
    "symbol": "4174",
    "name": "OBI Pharma, Inc.",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.891,
    "architecture_energy": 69.738,
    "architecture_maturity": 76.275,
    "architecture_confidence": 94.532,
    "architecture_tenure": "Established",
    "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": 15.49,
        "rotation_up": 23.77,
        "upward_expansion": 15.26,
        "deceleration": 41.32,
        "rotation_down": 58.37,
        "downward_expansion": 88.6
      },
      "activity_lines": [
        26.243334,
        27.113637,
        28.531905,
        30.92914
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 26.35,
    "trend_reference": 35.278333,
    "distance_from_trend": -0.253083,
    "trend_direction": "Weakening",
    "fair_value": 98.025129,
    "distance_from_fair_value": -0.731191,
    "fair_value_direction": "Weakening",
    "relative_strength": -59.14137,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.452752,
    "excess_performance": -0.894124,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.253083,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.197551,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.731191,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.025771,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.591414,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.014289,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.452752,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.753366,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1434146,
      "relative_activity": 0.600058,
      "balance": 0.753366,
      "dry_up": 0.659211,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.097358,
      "annualized_volatility": 0.422064,
      "from_high_reference": -0.616448,
      "from_low_reference": 0.066802
    },
    "levels": {
      "trend_reference": 35.278333,
      "fair_value_reference": 98.025129,
      "structural_low": 24.700001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 41,
        "median_return": -0.029283,
        "positive_rate": 0.317073,
        "directional_follow_through": 0.658537,
        "median_excess_return": -0.045916,
        "regime_survival": 0.878049,
        "best_return": 0.178674,
        "worst_return": -0.1875,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.230769,
        "directional_follow_through": 0.769231,
        "median_excess_return": -0.124223,
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        "worst_return": -0.315789,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 0.714286,
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        "worst_return": -0.419861,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
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        "best_return": 0.043995,
        "worst_return": -0.536585,
        "sufficient": false
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        "label": "Rotation Down",
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        "return": -0.00486,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": 0.184492,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.172727,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
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      {
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        "active": false
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        "regime": "downward_expansion",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 25.1,
        "volume": 1793691,
        "typical_volume": 2373883.5,
        "trend": 37.088333,
        "fair_value": 99.888343,
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        "stage": 4,
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          27.276667,
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          29.519762,
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      },
      {
        "date": "2026-08-07",
        "close": 25.950001,
        "volume": 1942742,
        "typical_volume": 2402506.8,
        "trend": 36.173333,
        "fair_value": 98.9357,
        "relative_strength": -59.471447,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.89665,
        "energy": 67.564689,
        "activity_lines": [
          26.56,
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      },
      {
        "date": "2026-08-14",
        "close": 26.35,
        "volume": 1434146,
        "typical_volume": 2390012.65,
        "trend": 35.278333,
        "fair_value": 98.025129,
        "relative_strength": -59.14137,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.890816,
        "energy": 69.738216,
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          26.243334,
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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."
    }
  }
}