{
  "ticker": {
    "uuid": "cd4db296-3858-4e17-8511-cbbb9253909b",
    "symbol": "2245",
    "name": "Nww Manufacturing 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 66.565,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -20.484,
    "architecture_energy": 11.695,
    "architecture_maturity": 62.419,
    "architecture_confidence": 89.151,
    "architecture_tenure": "Established",
    "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": 59.86,
        "rotation_up": 30.66,
        "upward_expansion": 37.33,
        "deceleration": 40.64,
        "rotation_down": 30.76,
        "downward_expansion": 39.0
      },
      "activity_lines": [
        24.387708,
        24.30124,
        24.29568,
        24.414237
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 23.85,
    "trend_reference": 24.558895,
    "distance_from_trend": -0.028865,
    "trend_direction": "Improving",
    "fair_value": 19.893293,
    "distance_from_fair_value": 0.198897,
    "fair_value_direction": "Weakening",
    "relative_strength": -31.330721,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.034121,
    "excess_performance": -0.475493,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.028865,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024515,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.198897,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.055668,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.313307,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024546,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.034121,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.513563,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2375,
      "relative_activity": 0.036298,
      "balance": 0.513563,
      "dry_up": 0.843362,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.08207,
      "annualized_volatility": 0.26577,
      "from_high_reference": -0.219018,
      "from_low_reference": 0.183306
    },
    "levels": {
      "trend_reference": 24.558895,
      "fair_value_reference": 19.893293,
      "structural_low": 22.118581,
      "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": 12,
        "median_return": 0.025389,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.0409,
        "regime_survival": 0.75,
        "best_return": 0.162571,
        "worst_return": -0.050089,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.071262,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.068344,
        "regime_survival": 0.25,
        "best_return": 0.16826,
        "worst_return": 0.021667,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.216061,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.070687,
        "regime_survival": 0.0,
        "best_return": 0.299871,
        "worst_return": 0.095,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.397626,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.090297,
        "regime_survival": 0.333333,
        "best_return": 0.434481,
        "worst_return": 0.315983,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-06-30",
        "end": "2023-07-07",
        "tenure": "New",
        "return": 0.036205,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2023-07-14",
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        "tenure": "Established",
        "return": -0.011701,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-13",
        "end": "2023-12-15",
        "tenure": "Developing",
        "return": 0.036943,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.004975,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2024-03-08",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-22",
        "tenure": "Extended",
        "return": 0.334523,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.175908,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.043903,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": -0.023438,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "balance",
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        "active": true
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        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "trend": 24.020691,
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        "relative_strength": -35.341337,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 21.544267,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 98964.1,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 14.9828,
        "energy": 12.436632,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -35.758953,
        "stage": 3,
        "regime": "balance",
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        "gate": "up",
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        "activity_lines": [
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        "date": "2026-06-12",
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        "fair_value": 19.247184,
        "relative_strength": -33.840071,
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        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 23.108465,
        "energy": 9.516751,
        "activity_lines": [
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        "date": "2026-06-19",
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        "typical_volume": 94443.3,
        "trend": 23.953797,
        "fair_value": 19.322992,
        "relative_strength": -36.511392,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "relative_strength": -36.638235,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -16.722922,
        "energy": 18.322279,
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      },
      {
        "date": "2026-07-10",
        "close": 24.605284,
        "volume": 20311,
        "typical_volume": 89775.75,
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        "fair_value": 19.539294,
        "relative_strength": -32.132412,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 10.184556,
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      },
      {
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        "volume": 77912,
        "typical_volume": 92460.6,
        "trend": 24.189379,
        "fair_value": 19.603832,
        "relative_strength": -31.340279,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -29.432237,
        "energy": 29.481785,
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      },
      {
        "date": "2026-07-24",
        "close": 25.450001,
        "volume": 167644,
        "typical_volume": 97308.0,
        "trend": 24.335328,
        "fair_value": 19.681597,
        "relative_strength": -25.573906,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.663751,
        "energy": 6.340608,
        "activity_lines": [
          24.328438,
          24.25201,
          24.336514,
          24.425044
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.700001,
        "volume": 22822,
        "typical_volume": 88442.7,
        "trend": 24.456276,
        "fair_value": 19.753941,
        "relative_strength": -26.160387,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.7274,
        "energy": 6.126236,
        "activity_lines": [
          24.530554,
          24.337159,
          24.349822,
          24.448571
        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.6,
        "volume": 27888,
        "typical_volume": 70547.85,
        "trend": 24.525902,
        "fair_value": 19.82629,
        "relative_strength": -27.512121,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.599236,
        "energy": 5.36975,
        "activity_lines": [
          24.605768,
          24.384161,
          24.354817,
          24.457844
        ]
      },
      {
        "date": "2026-08-14",
        "close": 23.85,
        "volume": 2375,
        "typical_volume": 65431.3,
        "trend": 24.558895,
        "fair_value": 19.893293,
        "relative_strength": -31.330721,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.483796,
        "energy": 11.694681,
        "activity_lines": [
          24.387708,
          24.30124,
          24.29568,
          24.414237
        ]
      }
    ],
    "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."
    }
  }
}