{
  "ticker": {
    "uuid": "c789978e-23eb-4b53-bbe1-b7be43ac4831",
    "symbol": "6177",
    "name": "Da-Li Development 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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 60.995,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 23.209,
    "architecture_energy": 32.65,
    "architecture_maturity": 9.337,
    "architecture_confidence": 39.275,
    "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": 43.9,
        "rotation_up": 53.37,
        "upward_expansion": 53.45,
        "deceleration": 27.4,
        "rotation_down": 22.8,
        "downward_expansion": 16.45
      },
      "activity_lines": [
        48.029999,
        47.519091,
        46.821429,
        46.76785
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 47.75,
    "trend_reference": 46.965,
    "distance_from_trend": 0.016715,
    "trend_direction": "Weakening",
    "fair_value": 41.059484,
    "distance_from_fair_value": 0.162947,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.862492,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.001048,
    "excess_performance": -0.440324,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.016715,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011679,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.162947,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003281,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.288625,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.052312,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.001048,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.066612,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8519819,
      "relative_activity": 1.172495,
      "balance": 1.066612,
      "dry_up": 0.964371,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.061458,
      "annualized_volatility": 0.266988,
      "from_high_reference": -0.15636,
      "from_low_reference": 0.168911
    },
    "levels": {
      "trend_reference": 46.965,
      "fair_value_reference": 41.059484,
      "structural_low": 41.549999,
      "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": 17,
        "median_return": 0.013115,
        "positive_rate": 0.588235,
        "directional_follow_through": 0.588235,
        "median_excess_return": 0.024635,
        "regime_survival": 0.411765,
        "best_return": 0.158748,
        "worst_return": -0.053775,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.019713,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.061738,
        "regime_survival": 0.375,
        "best_return": 0.147928,
        "worst_return": -0.085744,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.074836,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.023653,
        "regime_survival": 0.6,
        "best_return": 0.106007,
        "worst_return": -0.001664,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.172433,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.090105,
        "regime_survival": 0.333333,
        "best_return": 0.179544,
        "worst_return": 0.021703,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.177817,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.01948,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": 0.090376,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-21",
        "tenure": "New",
        "return": 0.119021,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.059305,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.043057,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.073896,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.023599,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.065815,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-19",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.105066,
        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "return": 0.043956,
        "active": false
      },
      {
        "regime": "balance",
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        "active": true
      }
    ],
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        "direction": -61.599174,
        "energy": 33.751408,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 45.799999,
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        "typical_volume": 5726998.15,
        "trend": 48.173333,
        "fair_value": 38.660967,
        "relative_strength": -32.134674,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 50.253749,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 5804810.2,
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        "relative_strength": -31.902579,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 56.071476,
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        ]
      },
      {
        "date": "2026-05-08",
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        "relative_strength": -33.764033,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 51.68756,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 45.599998,
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        "typical_volume": 5961391.45,
        "trend": 47.98,
        "fair_value": 39.100434,
        "relative_strength": -34.093692,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.368703,
        "energy": 46.702898,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 5685522.9,
        "trend": 47.87,
        "fair_value": 39.236465,
        "relative_strength": -37.054581,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.516917,
        "energy": 49.751167,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 42.400002,
        "volume": 13399288,
        "typical_volume": 6046156.75,
        "trend": 47.65,
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        "relative_strength": -42.232355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -78.151159,
        "energy": 64.716281,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
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        "volume": 8201416,
        "typical_volume": 5734730.2,
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        "fair_value": 39.503658,
        "relative_strength": -37.777655,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.159129,
        "energy": 53.147095,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 47.150002,
        "volume": 15144455,
        "typical_volume": 6000667.9,
        "trend": 47.51,
        "fair_value": 39.657342,
        "relative_strength": -33.355194,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.342426,
        "energy": 31.672033,
        "activity_lines": [
          45.256668,
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          46.011905,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 50.400002,
        "volume": 13386849,
        "typical_volume": 6302675.3,
        "trend": 47.685,
        "fair_value": 39.83186,
        "relative_strength": -31.532786,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -3.391497,
        "energy": 8.056581,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 45.650002,
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        "relative_strength": -34.615867,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.392274,
        "energy": 21.7806,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 40.120294,
        "relative_strength": -37.127189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.200006,
        "energy": 20.866513,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 40.262119,
        "relative_strength": -34.780087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 17.787942,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6711397.65,
        "trend": 47.546667,
        "fair_value": 40.418983,
        "relative_strength": -26.622953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.76025,
        "energy": 8.293264,
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      },
      {
        "date": "2026-07-24",
        "close": 48.549999,
        "volume": 4924436,
        "typical_volume": 6779597.6,
        "trend": 47.506667,
        "fair_value": 40.582344,
        "relative_strength": -26.072823,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.595184,
        "energy": 4.320653,
        "activity_lines": [
          47.026666,
          46.802727,
          46.400476,
          46.648065
        ]
      },
      {
        "date": "2026-07-31",
        "close": 47.299999,
        "volume": 7451854,
        "typical_volume": 6943598.05,
        "trend": 47.306667,
        "fair_value": 40.737692,
        "relative_strength": -26.414794,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.299928,
        "energy": 13.571353,
        "activity_lines": [
          47.289999,
          46.999091,
          46.484048,
          46.634731
        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.799999,
        "volume": 7133912,
        "typical_volume": 6981164.85,
        "trend": 47.18,
        "fair_value": 40.901954,
        "relative_strength": -25.365846,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.980644,
        "energy": 29.275637,
        "activity_lines": [
          47.943332,
          47.412727,
          46.70381,
          46.731075
        ]
      },
      {
        "date": "2026-08-14",
        "close": 47.75,
        "volume": 8519819,
        "typical_volume": 7266401.95,
        "trend": 46.965,
        "fair_value": 41.059484,
        "relative_strength": -28.862492,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.208564,
        "energy": 32.649616,
        "activity_lines": [
          48.029999,
          47.519091,
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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."
    }
  }
}