{
  "ticker": {
    "uuid": "bef75440-4b7f-4bd0-b993-938678fb9614",
    "symbol": "6539",
    "name": "DV Biomed Co., Ltd.",
    "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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -60.495,
    "architecture_energy": 52.722,
    "architecture_maturity": 78.508,
    "architecture_confidence": 89.793,
    "architecture_tenure": "Established",
    "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": 25.43,
        "rotation_up": 28.63,
        "upward_expansion": 8.9,
        "deceleration": 57.57,
        "rotation_down": 47.26,
        "downward_expansion": 79.9
      },
      "activity_lines": [
        41.046668,
        41.198036,
        42.260302,
        44.465401
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 42.400002,
    "trend_reference": 47.918741,
    "distance_from_trend": -0.115169,
    "trend_direction": "Weakening",
    "fair_value": 72.403227,
    "distance_from_fair_value": -0.414391,
    "fair_value_direction": "Improving",
    "relative_strength": -42.162153,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.270683,
    "excess_performance": -0.712055,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.115169,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.087324,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.414391,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02964,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.421622,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.042881,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.270683,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.128867,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13753,
      "relative_activity": 0.949691,
      "balance": 1.128867,
      "dry_up": 0.49425,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.049434,
      "annualized_volatility": 0.183199,
      "from_high_reference": -0.292275,
      "from_low_reference": 0.10705
    },
    "levels": {
      "trend_reference": 47.918741,
      "fair_value_reference": 72.403227,
      "structural_low": 38.299999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 35,
        "median_return": 0.0,
        "positive_rate": 0.485714,
        "directional_follow_through": 0.457143,
        "median_excess_return": -0.011285,
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        "best_return": 0.248157,
        "worst_return": -0.101626,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.384615,
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        "best_return": 0.333333,
        "worst_return": -0.454176,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.466716,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.523525,
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        "regime": "downward_expansion",
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        "start": "2024-07-05",
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        "return": -0.070048,
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      },
      {
        "regime": "balance",
        "label": "Balance",
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      {
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "end": "2025-08-22",
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-09-12",
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        "active": false
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        "regime": "balance",
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        "active": false
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "date": "2026-05-15",
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        "date": "2026-05-29",
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      {
        "date": "2026-07-10",
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        "relative_strength": -42.737155,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 51.567584,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 15508.8,
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        "fair_value": 74.359804,
        "relative_strength": -45.176182,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.921578,
        "energy": 57.510976,
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          41.470001,
          41.490085,
          43.478605,
          46.047359
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      },
      {
        "date": "2026-07-31",
        "close": 40.0,
        "volume": 9049,
        "typical_volume": 14352.2,
        "trend": 49.064172,
        "fair_value": 73.701113,
        "relative_strength": -44.135418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.844977,
        "energy": 58.1824,
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          40.963334,
          41.162213,
          42.930506,
          45.42908
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      },
      {
        "date": "2026-08-07",
        "close": 40.200001,
        "volume": 47,
        "typical_volume": 14273.85,
        "trend": 48.472855,
        "fair_value": 73.036632,
        "relative_strength": -44.240787,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.005533,
        "energy": 60.911399,
        "activity_lines": [
          40.590001,
          40.949641,
          42.461543,
          44.857198
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      },
      {
        "date": "2026-08-14",
        "close": 42.400002,
        "volume": 13753,
        "typical_volume": 14481.55,
        "trend": 47.918741,
        "fair_value": 72.403227,
        "relative_strength": -42.162153,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.495331,
        "energy": 52.721515,
        "activity_lines": [
          41.046668,
          41.198036,
          42.260302,
          44.465401
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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."
    }
  }
}