{
  "ticker": {
    "uuid": "b8a0a03e-94d2-4496-bb98-3b697658167b",
    "symbol": "5450",
    "name": "Nam Liong Global Corporation",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 32.54,
    "architecture_energy": 15.124,
    "architecture_maturity": 30.429,
    "architecture_confidence": 70.644,
    "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": 59.28,
        "rotation_up": 28.66,
        "upward_expansion": 57.9,
        "deceleration": 90.71,
        "rotation_down": 24.71,
        "downward_expansion": 14.9
      },
      "activity_lines": [
        14.756316,
        14.861882,
        14.350435,
        14.195458
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 14.85,
    "trend_reference": 14.089094,
    "distance_from_trend": 0.054007,
    "trend_direction": "Improving",
    "fair_value": 16.096278,
    "distance_from_fair_value": -0.077426,
    "fair_value_direction": "Improving",
    "relative_strength": -23.176489,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.046033,
    "excess_performance": -0.395339,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.054007,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036801,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.077426,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.155184,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.231765,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.153835,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.046033,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.580189,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 989004,
      "relative_activity": 0.674552,
      "balance": 0.580189,
      "dry_up": 3.021942,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.118295,
      "annualized_volatility": 0.380172,
      "from_high_reference": -0.266253,
      "from_low_reference": 0.209214
    },
    "levels": {
      "trend_reference": 14.089094,
      "fair_value_reference": 16.096278,
      "structural_low": 12.280701,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.0,
        "positive_rate": 0.473684,
        "directional_follow_through": 0.473684,
        "median_excess_return": -0.009821,
        "regime_survival": 0.421053,
        "best_return": 0.154891,
        "worst_return": -0.246613,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.043733,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.05995,
        "regime_survival": 0.1,
        "best_return": 0.247191,
        "worst_return": -0.208672,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.026831,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.054773,
        "regime_survival": 0.285714,
        "best_return": 0.15946,
        "worst_return": -0.272764,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.011555,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.162633,
        "regime_survival": 0.0,
        "best_return": 0.012689,
        "worst_return": -0.188528,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.073171,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.093525,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.012739,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-10-17",
        "tenure": "Established",
        "return": -0.031317,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.050909,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.026515,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-01-16",
        "tenure": "New",
        "return": -0.017123,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.010381,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": -0.080702,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-05-29",
        "tenure": "New",
        "return": -0.022901,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-05",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-12",
        "end": "2026-07-17",
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        "return": 0.114379,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.072907,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-14",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-24",
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      },
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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        "stage": 3,
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      },
      {
        "date": "2026-06-19",
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        "stage": 3,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "gate": "mixed",
        "direction": 32.766666,
        "energy": 38.042375,
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      },
      {
        "date": "2026-07-10",
        "close": 14.589474,
        "volume": 675486,
        "typical_volume": 523904.15,
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        "fair_value": 16.168791,
        "relative_strength": -27.562267,
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      },
      {
        "date": "2026-07-17",
        "close": 16.750877,
        "volume": 2596407,
        "typical_volume": 635124.25,
        "trend": 13.986901,
        "fair_value": 16.16578,
        "relative_strength": -10.855582,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
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        "energy": 75.471881,
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      },
      {
        "date": "2026-07-24",
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        "volume": 13821857,
        "typical_volume": 1311090.65,
        "trend": 14.05731,
        "fair_value": 16.153688,
        "relative_strength": -18.961594,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.924383,
        "energy": 58.097044,
        "activity_lines": [
          15.480234,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.098246,
        "volume": 2053168,
        "typical_volume": 1395894.85,
        "trend": 14.049123,
        "fair_value": 16.130775,
        "relative_strength": -24.197405,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.22717,
        "energy": 33.868763,
        "activity_lines": [
          15.106901,
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          14.237661,
          14.128353
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      },
      {
        "date": "2026-08-07",
        "close": 14.3,
        "volume": 858633,
        "typical_volume": 1421615.55,
        "trend": 14.06076,
        "fair_value": 16.112053,
        "relative_strength": -24.151392,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.280433,
        "energy": 24.660757,
        "activity_lines": [
          14.817193,
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          14.268104,
          14.144539
        ]
      },
      {
        "date": "2026-08-14",
        "close": 14.85,
        "volume": 989004,
        "typical_volume": 1466164.95,
        "trend": 14.089094,
        "fair_value": 16.096278,
        "relative_strength": -23.176489,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.539627,
        "energy": 15.123854,
        "activity_lines": [
          14.756316,
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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."
    }
  }
}