{
  "ticker": {
    "uuid": "b58ebfd3-e7cc-4c57-b81d-56ac636c19ba",
    "symbol": "1615",
    "name": "Dah San Electric Wire & Cable Corp.",
    "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": "2026-08-21",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 50.675,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 19.288,
    "architecture_energy": 12.847,
    "architecture_maturity": 15.128,
    "architecture_confidence": 46.859,
    "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": 45.58,
        "rotation_up": 42.69,
        "upward_expansion": 34.31,
        "deceleration": 33.17,
        "rotation_down": 27.74,
        "downward_expansion": 22.98
      },
      "activity_lines": [
        43.396667,
        43.18234,
        42.686112,
        42.738342
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 44.450001,
    "trend_reference": 43.132715,
    "distance_from_trend": 0.03054,
    "trend_direction": "Weakening",
    "fair_value": 43.528005,
    "distance_from_fair_value": 0.021182,
    "fair_value_direction": "Improving",
    "relative_strength": -27.214294,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.007955,
    "excess_performance": -0.353687,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03054,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021645,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.021182,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.066319,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.272143,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.135865,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.007955,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.19773,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 496120,
      "relative_activity": 0.536657,
      "balance": 3.19773,
      "dry_up": 0.841992,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.048183,
      "annualized_volatility": 0.187419,
      "from_high_reference": -0.087128,
      "from_low_reference": 0.115614
    },
    "levels": {
      "trend_reference": 43.132715,
      "fair_value_reference": 43.528005,
      "structural_low": 39.843536,
      "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": 23,
        "median_return": -0.001709,
        "positive_rate": 0.347826,
        "directional_follow_through": 0.347826,
        "median_excess_return": -0.015837,
        "regime_survival": 0.608696,
        "best_return": 0.10888,
        "worst_return": -0.073066,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.006683,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.043762,
        "regime_survival": 0.3,
        "best_return": 0.212766,
        "worst_return": -0.057916,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.019078,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.017641,
        "regime_survival": 0.5,
        "best_return": 0.161711,
        "worst_return": -0.099145,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.060661,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.22528,
        "regime_survival": 0.0,
        "best_return": 0.406263,
        "worst_return": -0.144878,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-15",
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        "return": -0.008547,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-06",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.047368,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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      },
      {
        "regime": "rotation_down",
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        "return": 0.001923,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-08-01",
        "tenure": "Established",
        "return": 0.05646,
        "active": false
      },
      {
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "balance",
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      {
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        "active": true
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      },
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      },
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      },
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      },
      {
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      },
      {
        "date": "2026-07-17",
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      },
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      },
      {
        "date": "2026-07-31",
        "close": 42.0,
        "volume": 689930,
        "typical_volume": 864364.85,
        "trend": 43.363346,
        "fair_value": 43.198468,
        "relative_strength": -30.785988,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "direction": -17.20224,
        "energy": 14.383276,
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          42.9131,
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          42.693588
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      },
      {
        "date": "2026-08-07",
        "close": 42.200001,
        "volume": 515647,
        "typical_volume": 860681.15,
        "trend": 43.220281,
        "fair_value": 43.303146,
        "relative_strength": -31.184997,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.41341,
        "energy": 9.975628,
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          42.648765,
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          42.36395,
          42.618534
        ]
      },
      {
        "date": "2026-08-14",
        "close": 43.799999,
        "volume": 1411871,
        "typical_volume": 913424.15,
        "trend": 43.172688,
        "fair_value": 43.413813,
        "relative_strength": -30.137396,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.914055,
        "energy": 3.259755,
        "activity_lines": [
          42.926094,
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          42.655935
        ]
      },
      {
        "date": "2026-08-21",
        "close": 44.450001,
        "volume": 496120,
        "typical_volume": 924464.65,
        "trend": 43.132715,
        "fair_value": 43.528005,
        "relative_strength": -27.214294,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.287579,
        "energy": 12.847078,
        "activity_lines": [
          43.396667,
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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."
    }
  }
}