{
  "ticker": {
    "uuid": "b86a65c8-d844-4669-9fee-c2a7d3ef8634",
    "symbol": "8349",
    "name": "QST International 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 88.853,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -56.666,
    "architecture_energy": 27.913,
    "architecture_maturity": 26.642,
    "architecture_confidence": 93.524,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 29.41,
        "rotation_up": 24.1,
        "upward_expansion": 7.22,
        "deceleration": 51.61,
        "rotation_down": 45.68,
        "downward_expansion": 73.88
      },
      "activity_lines": [
        39.570001,
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        40.405169
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 39.200001,
    "trend_reference": 40.811837,
    "distance_from_trend": -0.039494,
    "trend_direction": "Weakening",
    "fair_value": 46.609537,
    "distance_from_fair_value": -0.15897,
    "fair_value_direction": "Weakening",
    "relative_strength": -33.964316,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.059091,
    "excess_performance": -0.500463,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.039494,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023148,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.15897,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.010195,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.339643,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.047675,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.059091,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.517029,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 349258,
      "relative_activity": 0.393952,
      "balance": 0.517029,
      "dry_up": 0.421532,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.042779,
      "annualized_volatility": 0.233374,
      "from_high_reference": -0.152927,
      "from_low_reference": 0.070732
    },
    "levels": {
      "trend_reference": 40.811837,
      "fair_value_reference": 46.609537,
      "structural_low": 36.610477,
      "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": 24,
        "median_return": 0.01347,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.010332,
        "regime_survival": 0.791667,
        "best_return": 0.16791,
        "worst_return": -0.101754,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.375,
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        "regime_survival": 0.5,
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        "worst_return": -0.127083,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.02167,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
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        "worst_return": -0.05345,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.109055,
        "sufficient": false
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    ],
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-11-22",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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      {
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      },
      {
        "date": "2026-04-24",
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      {
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      },
      {
        "date": "2026-05-15",
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      },
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      },
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      },
      {
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      },
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      },
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      {
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      },
      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1006541.8,
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        "fair_value": 46.64275,
        "relative_strength": -32.417854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.84755,
        "energy": 27.62251,
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          40.456224,
          40.684989
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.700001,
        "volume": 555968,
        "typical_volume": 947395.95,
        "trend": 40.989762,
        "fair_value": 46.631597,
        "relative_strength": -31.320982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -50.00812,
        "energy": 25.682172,
        "activity_lines": [
          39.73,
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          40.344139,
          40.597559
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      },
      {
        "date": "2026-08-07",
        "close": 39.700001,
        "volume": 253298,
        "typical_volume": 909456.6,
        "trend": 40.892295,
        "fair_value": 46.621739,
        "relative_strength": -31.812357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.933797,
        "energy": 20.964731,
        "activity_lines": [
          39.730001,
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          40.241167,
          40.514349
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      },
      {
        "date": "2026-08-14",
        "close": 39.200001,
        "volume": 349258,
        "typical_volume": 886550.75,
        "trend": 40.811837,
        "fair_value": 46.609537,
        "relative_strength": -33.964316,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.665756,
        "energy": 27.913227,
        "activity_lines": [
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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."
    }
  }
}