{ "ticker": { "uuid": "cfac8506-a02f-4bd6-8f20-5ef0df146e5a", "symbol": "6999", "name": "Han Biomedical", "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": 91.701, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -33.234, "architecture_energy": 14.997, "architecture_maturity": 76.123, "architecture_confidence": 81.427, "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": 44.95, "rotation_up": 25.12, "upward_expansion": 14.41, "deceleration": 42.02, "rotation_down": 34.11, "downward_expansion": 62.08 }, "activity_lines": [ 28.051955, 27.925268, 28.143658, 28.355162 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 28.0, "trend_reference": 28.931538, "distance_from_trend": -0.032198, "trend_direction": "Weakening", "fair_value": 31.286331, "distance_from_fair_value": -0.10504, "fair_value_direction": "Improving", "relative_strength": -38.28991, "relative_strength_direction": "Improving", "price_momentum": -0.092751, "excess_performance": -0.534123, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032198, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.043042, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.10504, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.01966, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.382899, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.062882, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.092751, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.322549, "read": "Demand-led" } ], "volume": { "latest": 36554, "relative_activity": 1.439919, "balance": 1.322549, "dry_up": 1.124265, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.05315, "annualized_volatility": 0.270653, "from_high_reference": -0.33836, "from_low_reference": 0.084754 }, "levels": { "trend_reference": 28.931538, "fair_value_reference": 31.286331, "structural_low": 25.812299, "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": 6, "median_return": 0.012551, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.054855, "regime_survival": 1.0, "best_return": 0.050173, "worst_return": -0.132132, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.084084, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.341846, "regime_survival": 1.0, "best_return": -0.084084, "worst_return": -0.084084, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", 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15.563098, "activity_lines": [ 28.031553, 27.91552, 28.16452, 28.42544 ] }, { "date": "2026-08-14", "close": 28.0, "volume": 36554, "typical_volume": 25386.15, "trend": 28.931538, "fair_value": 31.286331, "relative_strength": -38.28991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.234235, "energy": 14.99683, "activity_lines": [ 28.051955, 27.925268, 28.143658, 28.355162 ] } ], "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." } } }