{
  "ticker": {
    "uuid": "c434942b-1a5b-4918-bb16-91c066d62057",
    "symbol": "4942",
    "name": "Chia Chang Co., Ltd",
    "exchange": "TAI",
    "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": "2026-08-21",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -74.154,
    "architecture_energy": 71.699,
    "architecture_maturity": 14.7,
    "architecture_confidence": 82.716,
    "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": 5.56,
        "rotation_up": 10.37,
        "upward_expansion": 15.02,
        "deceleration": 37.83,
        "rotation_down": 77.71,
        "downward_expansion": 93.02
      },
      "activity_lines": [
        33.885758,
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        35.206744
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 33.400002,
    "trend_reference": 35.484946,
    "distance_from_trend": -0.058756,
    "trend_direction": "Weakening",
    "fair_value": 36.584851,
    "distance_from_fair_value": -0.087054,
    "fair_value_direction": "Weakening",
    "relative_strength": -31.810381,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.060429,
    "excess_performance": -0.406162,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.058756,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017371,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.087054,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.064829,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.318104,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.018556,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.060429,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.646721,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 280042,
      "relative_activity": 0.572696,
      "balance": 0.646721,
      "dry_up": 1.321604,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.033668,
      "annualized_volatility": 0.109348,
      "from_high_reference": -0.183171,
      "from_low_reference": 0.023996
    },
    "levels": {
      "trend_reference": 35.484946,
      "fair_value_reference": 36.584851,
      "structural_low": 32.650002,
      "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": 20,
        "median_return": 0.005222,
        "positive_rate": 0.55,
        "directional_follow_through": 0.45,
        "median_excess_return": -0.024235,
        "regime_survival": 0.85,
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        "worst_return": -0.091018,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.001511,
        "regime_survival": 0.714286,
        "best_return": 0.055944,
        "worst_return": -0.057143,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.010096,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.5,
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        "worst_return": -0.097897,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "sufficient": false
      }
    ],
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        "regime": "balance",
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      {
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "regime": "downward_expansion",
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      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-17",
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      },
      {
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        "relative_strength": -29.707999,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 490572.2,
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        "relative_strength": -28.592632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.287376,
        "energy": 55.608146,
        "activity_lines": [
          34.879145,
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          35.58336
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.400002,
        "volume": 488699,
        "typical_volume": 488052.0,
        "trend": 35.733547,
        "fair_value": 36.60333,
        "relative_strength": -29.918836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.150784,
        "energy": 58.546527,
        "activity_lines": [
          34.647877,
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          35.318584,
          35.492721
        ]
      },
      {
        "date": "2026-08-14",
        "close": 33.5,
        "volume": 770106,
        "typical_volume": 508107.3,
        "trend": 35.599095,
        "fair_value": 36.595912,
        "relative_strength": -33.28484,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.938525,
        "energy": 67.01355,
        "activity_lines": [
          34.224666,
          34.6712,
          35.121348,
          35.348621
        ]
      },
      {
        "date": "2026-08-21",
        "close": 33.400002,
        "volume": 280042,
        "typical_volume": 488988.8,
        "trend": 35.484946,
        "fair_value": 36.584851,
        "relative_strength": -31.810381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.153718,
        "energy": 71.698674,
        "activity_lines": [
          33.885758,
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          34.925692,
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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."
    }
  }
}