{
  "ticker": {
    "uuid": "bf2615e0-8b1b-4a0c-a106-9ef98f87b579",
    "symbol": "4207",
    "name": "Taiwan Fructose 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 82.679,
    "architecture_energy": 58.706,
    "architecture_maturity": 34.326,
    "architecture_confidence": 68.29,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 11.87,
        "rotation_up": 62.74,
        "upward_expansion": 81.76,
        "deceleration": 54.6,
        "rotation_down": 19.99,
        "downward_expansion": 8.43
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 20.950001,
    "trend_reference": 18.807614,
    "distance_from_trend": 0.113911,
    "trend_direction": "Improving",
    "fair_value": 15.824271,
    "distance_from_fair_value": 0.323916,
    "fair_value_direction": "Improving",
    "relative_strength": -17.919049,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.180366,
    "excess_performance": -0.261006,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.113911,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035877,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.323916,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.087503,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.17919,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.074521,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.180366,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.410012,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.613965,
      "balance": 1.410012,
      "dry_up": 0.65662,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.033229,
      "annualized_volatility": 0.157625,
      "from_high_reference": -0.00475,
      "from_low_reference": 0.385647
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    "levels": {
      "trend_reference": 18.807614,
      "fair_value_reference": 15.824271,
      "structural_low": 17.299999,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.00542,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.008014,
        "regime_survival": 0.8125,
        "best_return": 0.137931,
        "worst_return": -0.142857,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 0.75,
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        "worst_return": -0.006795,
        "sufficient": false
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      {
        "regime": "deceleration",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-02-21",
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      {
        "regime": "rotation_up",
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      },
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 1244970.6,
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        "relative_strength": -19.228636,
        "stage": 3,
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        "energy": 38.963394,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19.85,
        "volume": 218236,
        "typical_volume": 1146665.4,
        "trend": 18.686819,
        "fair_value": 15.781574,
        "relative_strength": -19.927845,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.205356,
        "energy": 37.767138,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 20.950001,
        "volume": 1770394,
        "typical_volume": 1096921.85,
        "trend": 18.807614,
        "fair_value": 15.824271,
        "relative_strength": -17.919049,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.678637,
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        "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."
    }
  }
}