{ "ticker": { "uuid": "bd6a851e-7335-4574-a9af-20e5b30cac39", "symbol": "8446", "name": "HIM International Music 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 63.09, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -48.502, "architecture_energy": 35.516, "architecture_maturity": 19.328, "architecture_confidence": 89.025, "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": 42.65, "rotation_up": 16.31, "upward_expansion": 6.18, "deceleration": 42.82, "rotation_down": 51.49, "downward_expansion": 79.51 }, "activity_lines": [ 85.439999, 85.94909, 86.129571, 86.621757 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 85.599998, "trend_reference": 87.045092, "distance_from_trend": -0.016602, "trend_direction": "Weakening", "fair_value": 90.553977, "distance_from_fair_value": -0.054707, "fair_value_direction": "Improving", "relative_strength": -31.391378, "relative_strength_direction": "Improving", "price_momentum": -0.006222, "excess_performance": -0.447594, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016602, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.006235, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.054707, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.020936, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.313914, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.055816, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.006222, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.12277, "read": "Demand-led" } ], "volume": { "latest": 195080, "relative_activity": 0.304875, "balance": 3.12277, "dry_up": 0.439248, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.037293, "annualized_volatility": 0.136951, "from_high_reference": -0.113171, "from_low_reference": 0.043902 }, "levels": { "trend_reference": 87.045092, "fair_value_reference": 90.553977, "structural_low": 82.0, "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": 20, "median_return": -0.01594, "positive_rate": 0.35, "directional_follow_through": 0.35, "median_excess_return": -0.011643, "regime_survival": 0.65, "best_return": 0.170834, "worst_return": -0.07551, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.007937, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.050689, "regime_survival": 0.142857, "best_return": 0.10093, "worst_return": -0.136758, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.048515, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.045246, "regime_survival": 0.2, "best_return": 0.196717, "worst_return": -0.129907, "sufficient": 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87.106667, 86.816364, 86.928274, 87.205311 ] }, { "date": "2026-07-17", "close": 85.599998, "volume": 321200, "typical_volume": 721243.85, "trend": 87.46641, "fair_value": 90.526299, "relative_strength": -30.078398, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.549629, "energy": 18.906428, "activity_lines": [ 86.48, 86.705455, 86.748523, 87.080779 ] }, { "date": "2026-07-24", "close": 86.900002, "volume": 298059, "typical_volume": 715429.85, "trend": 87.418338, "fair_value": 90.516087, "relative_strength": -29.793151, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.593102, "energy": 14.549855, "activity_lines": [ 86.486667, 86.796364, 86.699074, 87.044237 ] }, { "date": "2026-07-31", "close": 84.599998, "volume": 439100, "typical_volume": 696756.35, "trend": 87.296663, "fair_value": 90.519496, "relative_strength": -29.921718, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.386272, "energy": 32.018699, "activity_lines": [ 85.793333, 86.416364, 86.437444, 86.862408 ] }, { "date": "2026-08-07", "close": 85.099998, "volume": 192005, "typical_volume": 669523.45, "trend": 87.133434, "fair_value": 90.536423, "relative_strength": -30.348291, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.691983, "energy": 41.600414, "activity_lines": [ 85.419999, 86.130909, 86.245631, 86.720688 ] }, { "date": "2026-08-14", "close": 85.599998, "volume": 195080, "typical_volume": 639868.95, "trend": 87.045092, "fair_value": 90.553977, "relative_strength": -31.391378, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.502141, "energy": 35.515835, "activity_lines": [ 85.439999, 85.94909, 86.129571, 86.621757 ] } ], "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." } } }