{ "ticker": { "uuid": "b7762b20-74b1-46b5-867b-50138ecdefbe", "symbol": "6939", "name": "TFBS Bioscience 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -15.804, "architecture_energy": 28.978, "architecture_maturity": 24.783, "architecture_confidence": 69.758, "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": 58.13, "rotation_up": 23.02, "upward_expansion": 22.93, "deceleration": 49.51, "rotation_down": 47.11, "downward_expansion": 45.59 }, "activity_lines": [ 19.856667, 20.117273, 20.519286, 20.482043 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 19.65, "trend_reference": 20.358333, "distance_from_trend": -0.034793, "trend_direction": "Weakening", "fair_value": 32.439762, "distance_from_fair_value": -0.394262, "fair_value_direction": "Weakening", "relative_strength": -37.137885, "relative_strength_direction": "Weakening", "price_momentum": -0.022388, "excess_performance": -0.46376, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034793, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.030786, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.394262, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.057328, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.371379, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.075723, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.022388, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.187339, "read": "Demand-led" } ], "volume": { "latest": 43250, "relative_activity": 0.341749, "balance": 1.187339, "dry_up": 0.647292, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.073596, "annualized_volatility": 0.30701, "from_high_reference": -0.328205, "from_low_reference": 0.062162 }, "levels": { "trend_reference": 20.358333, "fair_value_reference": 32.439762, "structural_low": 18.5, "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": 7, "median_return": -0.04, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.05592, "regime_survival": 0.714286, "best_return": 0.020408, "worst_return": -0.137339, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.147186, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.275101, "regime_survival": 0.666667, "best_return": -0.057143, "worst_return": -0.167382, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.195918, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.686147, "regime_survival": 0.0, "best_return": -0.195918, "worst_return": -0.195918, "sufficient": false }, { 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"close": 21.450001, "volume": 163022, "typical_volume": 131795.6, "trend": 20.62, "fair_value": 33.180222, "relative_strength": -31.114137, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.268732, "energy": 10.099193, "activity_lines": [ 20.850001, 20.584546, 20.856429, 20.667527 ] }, { "date": "2026-07-31", "close": 19.4, "volume": 59250, "typical_volume": 131708.9, "trend": 20.431667, "fair_value": 32.927944, "relative_strength": -36.062158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.817174, "energy": 5.658599, "activity_lines": [ 20.426667, 20.382728, 20.734286, 20.588817 ] }, { "date": "2026-08-07", "close": 19.5, "volume": 62150, "typical_volume": 130311.4, "trend": 20.373333, "fair_value": 32.683065, "relative_strength": -36.389177, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.594283, "energy": 23.968547, "activity_lines": [ 20.076667, 20.230909, 20.620238, 20.52871 ] }, { "date": "2026-08-14", "close": 19.65, "volume": 43250, "typical_volume": 126554.9, "trend": 20.358333, "fair_value": 32.439762, "relative_strength": -37.137885, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.804005, "energy": 28.977919, "activity_lines": [ 19.856667, 20.117273, 20.519286, 20.482043 ] } ], "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." } } }