{
  "ticker": {
    "uuid": "b6affda9-214a-4321-b5ee-82a8f89d11cc",
    "symbol": "6186",
    "name": "Shin Ruenn development 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": 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -59.192,
    "architecture_energy": 36.616,
    "architecture_maturity": 27.372,
    "architecture_confidence": 65.89,
    "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": 35.49,
        "rotation_up": 10.99,
        "upward_expansion": 10.63,
        "deceleration": 56.79,
        "rotation_down": 60.87,
        "downward_expansion": 64.96
      },
      "activity_lines": [
        35.494148,
        36.3302,
        36.237292,
        36.358971
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 33.25,
    "trend_reference": 37.147146,
    "distance_from_trend": -0.104911,
    "trend_direction": "Weakening",
    "fair_value": 46.124837,
    "distance_from_fair_value": -0.27913,
    "fair_value_direction": "Weakening",
    "relative_strength": -47.3327,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.188434,
    "excess_performance": -0.629806,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.104911,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.101693,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.27913,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.038287,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.473327,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.034176,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.188434,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.748594,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4710688,
      "relative_activity": 1.048473,
      "balance": 0.748594,
      "dry_up": 1.101667,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.061828,
      "annualized_volatility": 0.216346,
      "from_high_reference": -0.456028,
      "from_low_reference": 0.009105
    },
    "levels": {
      "trend_reference": 37.147146,
      "fair_value_reference": 46.124837,
      "structural_low": 32.950001,
      "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": 14,
        "median_return": 0.019944,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.007141,
        "regime_survival": 0.5,
        "best_return": 0.143731,
        "worst_return": -0.155462,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.022574,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.076566,
        "regime_survival": 0.166667,
        "best_return": 0.19883,
        "worst_return": -0.120448,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.04071,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.008864,
        "regime_survival": 0.0,
        "best_return": 0.20566,
        "worst_return": -0.040616,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.001583,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.005553,
        "regime_survival": 0.0,
        "best_return": -0.000859,
        "worst_return": -0.002306,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-28",
        "end": "2024-02-09",
        "tenure": "Extended",
        "return": 0.302772,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-16",
        "end": "2024-03-22",
        "tenure": "Developing",
        "return": 0.072539,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-29",
        "end": "2024-09-20",
        "tenure": "Established",
        "return": 0.465382,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-27",
        "end": "2024-10-04",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.048781,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.070234,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-21",
        "tenure": "New",
        "return": 0.040123,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.165007,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-22",
        "tenure": "Established",
        "return": 0.141914,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "return": -0.018099,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.048986,
        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "active": true
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    ],
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      },
      {
        "date": "2026-04-24",
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      },
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
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        "energy": 15.243947,
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      },
      {
        "date": "2026-07-24",
        "close": 37.221561,
        "volume": 2788273,
        "typical_volume": 3884795.5,
        "trend": 38.402007,
        "fair_value": 46.013436,
        "relative_strength": -41.131338,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.770746,
        "energy": 14.872291,
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          37.477348,
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          36.473097,
          36.866473
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.736446,
        "volume": 4778577,
        "typical_volume": 4051277.75,
        "trend": 37.938943,
        "fair_value": 46.064994,
        "relative_strength": -40.276368,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.86068,
        "energy": 9.656738,
        "activity_lines": [
          37.248021,
          37.146187,
          36.525808,
          36.759017
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.049999,
        "volume": 7521189,
        "typical_volume": 4332927.95,
        "trend": 37.56178,
        "fair_value": 46.109364,
        "relative_strength": -41.92016,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.940033,
        "energy": 15.691368,
        "activity_lines": [
          36.769298,
          37.002936,
          36.511464,
          36.63715
        ]
      },
      {
        "date": "2026-08-14",
        "close": 33.25,
        "volume": 4710688,
        "typical_volume": 4492903.5,
        "trend": 37.147146,
        "fair_value": 46.124837,
        "relative_strength": -47.3327,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.191598,
        "energy": 36.615554,
        "activity_lines": [
          35.494148,
          36.3302,
          36.237292,
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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."
    }
  }
}