{
  "ticker": {
    "uuid": "b807d719-90c7-4a5a-b999-08e3e6eff72e",
    "symbol": "3184",
    "name": "MicroBase Technology Corp.",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 85.749,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -39.303,
    "architecture_energy": 56.366,
    "architecture_maturity": 20.669,
    "architecture_confidence": 69.966,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 19.8,
        "rotation_up": 18.62,
        "upward_expansion": 20.3,
        "deceleration": 44.14,
        "rotation_down": 69.64,
        "downward_expansion": 64.3
      },
      "activity_lines": [
        13.546667,
        14.515675,
        17.069808,
        17.156222
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 13.2,
    "trend_reference": 16.163807,
    "distance_from_trend": -0.183361,
    "trend_direction": "Improving",
    "fair_value": 15.03801,
    "distance_from_fair_value": -0.122224,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.475956,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.398304,
    "excess_performance": -0.043068,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.183361,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.106601,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.122224,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.841062,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.32476,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.67617,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.398304,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.307845,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 526713,
      "relative_activity": 0.101961,
      "balance": 0.307845,
      "dry_up": 0.14502,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.245671,
      "annualized_volatility": 1.166552,
      "from_high_reference": -0.627249,
      "from_low_reference": 0.593067
    },
    "levels": {
      "trend_reference": 16.163807,
      "fair_value_reference": 15.03801,
      "structural_low": 8.956666,
      "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": 5,
        "median_return": -0.032407,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.058384,
        "regime_survival": 0.0,
        "best_return": 0.061475,
        "worst_return": -0.159366,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.073771,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.044136,
        "regime_survival": 0.0,
        "best_return": 0.175926,
        "worst_return": -0.136029,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.015209,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.157512,
        "regime_survival": 0.0,
        "best_return": 1.03725,
        "worst_return": -0.255738,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.029412,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.308502,
        "regime_survival": 0.0,
        "best_return": 0.368821,
        "worst_return": -0.343074,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-29",
        "end": "2024-06-28",
        "tenure": "Extended",
        "return": 0.059761,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-05",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.134021,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.018727,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.032028,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-11-29",
        "tenure": "New",
        "return": -0.099265,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.02459,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-08-01",
        "tenure": "Extended",
        "return": -0.142276,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": -0.087129,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.006551,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.259804,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-20",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.653136,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-10",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.008264,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-19",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.190712,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.070423,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 17.952316,
        "volume": 79476,
        "typical_volume": 69555.8,
        "trend": 18.743223,
        "fair_value": 17.630015,
        "relative_strength": -1.769517,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.631648,
        "energy": 42.859437,
        "activity_lines": [
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      },
      {
        "date": "2023-08-18",
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        "relative_strength": -1.394743,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
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        "energy": 41.762939,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
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      },
      {
        "date": "2023-09-15",
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      },
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      },
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        "stage": 4,
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        "modifier": "Momentum cooling",
        "gate": "mixed",
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        "energy": 36.93427,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 5385702.4,
        "trend": 15.896485,
        "fair_value": 15.090882,
        "relative_strength": -24.567559,
        "stage": 4,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -24.922487,
        "energy": 40.272503,
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      },
      {
        "date": "2026-08-07",
        "close": 12.95,
        "volume": 568780,
        "typical_volume": 5303730.05,
        "trend": 16.020718,
        "fair_value": 15.064449,
        "relative_strength": -32.113885,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.484382,
        "energy": 52.928467,
        "activity_lines": [
          13.94524,
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      },
      {
        "date": "2026-08-14",
        "close": 13.2,
        "volume": 526713,
        "typical_volume": 5165842.25,
        "trend": 16.163807,
        "fair_value": 15.03801,
        "relative_strength": -32.475956,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.3031,
        "energy": 56.36619,
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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."
    }
  }
}