{
  "ticker": {
    "uuid": "b7604c48-abf4-453c-b813-b0ac6c01100a",
    "symbol": "2442",
    "name": "Jean Co.,Ltd",
    "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": 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": 83.388,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -20.647,
    "architecture_energy": 10.065,
    "architecture_maturity": 12.577,
    "architecture_confidence": 78.711,
    "architecture_tenure": "New",
    "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": 64.54,
        "rotation_up": 19.66,
        "upward_expansion": 21.93,
        "deceleration": 48.41,
        "rotation_down": 31.66,
        "downward_expansion": 48.6
      },
      "activity_lines": [
        19.376667,
        19.374546,
        19.280476,
        19.416237
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 19.4,
    "trend_reference": 19.833333,
    "distance_from_trend": -0.021849,
    "trend_direction": "Weakening",
    "fair_value": 24.180344,
    "distance_from_fair_value": -0.197695,
    "fair_value_direction": "Improving",
    "relative_strength": -39.741704,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.07619,
    "excess_performance": -0.517563,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.021849,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.082455,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.197695,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.040959,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.397417,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.094767,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.07619,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.664066,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6384731,
      "relative_activity": 0.732779,
      "balance": 1.664066,
      "dry_up": 0.753797,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.041039,
      "annualized_volatility": 0.193104,
      "from_high_reference": -0.350902,
      "from_low_reference": 0.083799
    },
    "levels": {
      "trend_reference": 19.833333,
      "fair_value_reference": 24.180344,
      "structural_low": 17.9,
      "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": 15,
        "median_return": -0.041985,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.014752,
        "regime_survival": 0.533333,
        "best_return": 0.122845,
        "worst_return": -0.226917,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.035672,
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        "best_return": 0.109453,
        "worst_return": -0.236307,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.010461,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.162167,
        "regime_survival": 0.2,
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        "worst_return": -0.262745,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.00706,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.0,
        "best_return": 0.177525,
        "worst_return": -0.191644,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      {
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      },
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        "regime": "downward_expansion",
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      {
        "regime": "upward_expansion",
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      },
      {
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        "energy": 19.402541,
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          19.275,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.4,
        "volume": 7665865,
        "typical_volume": 9339146.5,
        "trend": 20.138983,
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        "relative_strength": -38.275563,
        "stage": 4,
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        "direction": -34.103777,
        "energy": 19.768936,
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          19.39,
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      },
      {
        "date": "2026-08-07",
        "close": 19.4,
        "volume": 8102020,
        "typical_volume": 8763186.25,
        "trend": 19.966667,
        "fair_value": 24.165404,
        "relative_strength": -38.694917,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.260086,
        "energy": 16.425286,
        "activity_lines": [
          19.346667,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 19.4,
        "volume": 6384731,
        "typical_volume": 8713042.15,
        "trend": 19.833333,
        "fair_value": 24.180344,
        "relative_strength": -39.741704,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.646781,
        "energy": 10.065241,
        "activity_lines": [
          19.376667,
          19.374546,
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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."
    }
  }
}