{
  "ticker": {
    "uuid": "d0959e51-eae9-427b-9cbd-a480fe152edf",
    "symbol": "5228",
    "name": "Max Echo Technology Corp.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -2.563,
    "architecture_energy": 26.042,
    "architecture_maturity": 51.051,
    "architecture_confidence": 78.34,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 44.6,
        "rotation_up": 14.11,
        "upward_expansion": 43.34,
        "deceleration": 84.78,
        "rotation_down": 50.84,
        "downward_expansion": 39.67
      },
      "activity_lines": [
        40.98,
        47.128182,
        50.907143,
        46.472151
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 43.400002,
    "trend_reference": 40.076667,
    "distance_from_trend": 0.082924,
    "trend_direction": "Improving",
    "fair_value": 23.997128,
    "distance_from_fair_value": 0.80855,
    "fair_value_direction": "Weakening",
    "relative_strength": 10.783711,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.981735,
    "excess_performance": 0.540363,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082924,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.40472,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.80855,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.503412,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.107837,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.521385,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.981735,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.15028,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3023622,
      "relative_activity": 0.495978,
      "balance": 1.15028,
      "dry_up": 0.41067,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.257887,
      "annualized_volatility": 0.967474,
      "from_high_reference": -0.470085,
      "from_low_reference": 1.845902
    },
    "levels": {
      "trend_reference": 40.076667,
      "fair_value_reference": 23.997128,
      "structural_low": 20.6,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.012035,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.030438,
        "regime_survival": 0.333333,
        "best_return": 0.077562,
        "worst_return": -0.087838,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.081471,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.015756,
        "regime_survival": 0.25,
        "best_return": 2.208333,
        "worst_return": -0.222028,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.298879,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.270487,
        "regime_survival": 0.0,
        "best_return": 2.839336,
        "worst_return": -0.055614,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.073733,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.090886,
        "regime_survival": 0.0,
        "best_return": -0.073733,
        "worst_return": -0.073733,
        "sufficient": false
      }
    ],
    "ledger": [
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        "color": "green",
        "start": "2023-07-07",
        "end": "2023-09-08",
        "tenure": "Developing",
        "return": -0.019666,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-09-15",
        "end": "2024-02-23",
        "tenure": "Established",
        "return": 0.031531,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-03-08",
        "tenure": "New",
        "return": -0.004396,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-15",
        "end": "2024-08-09",
        "tenure": "Established",
        "return": -0.035794,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2025-03-07",
        "tenure": "Extended",
        "return": -0.030806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.250639,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.013158,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-26",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.069767,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-28",
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        "return": 0.014451,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-19",
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        "return": 0.047091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-02-27",
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        "return": 0.326087,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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      {
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        "tenure": "New",
        "return": 0.058537,
        "active": true
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5898395.9,
        "trend": 37.32,
        "fair_value": 23.552165,
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        "energy": 23.471717,
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      },
      {
        "date": "2026-07-24",
        "close": 41.0,
        "volume": 2199312,
        "typical_volume": 5950561.5,
        "trend": 38.056667,
        "fair_value": 23.670413,
        "relative_strength": 11.285749,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.808149,
        "energy": 24.031409,
        "activity_lines": [
          49.4,
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          52.668572,
          46.175807
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.049999,
        "volume": 1943087,
        "typical_volume": 6021760.85,
        "trend": 38.678333,
        "fair_value": 23.756065,
        "relative_strength": 1.44367,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.443749,
        "energy": 24.334187,
        "activity_lines": [
          43.813333,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.25,
        "volume": 2848223,
        "typical_volume": 6000808.4,
        "trend": 39.371667,
        "fair_value": 23.867607,
        "relative_strength": 7.072609,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.148207,
        "energy": 27.708624,
        "activity_lines": [
          40.996666,
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          51.265,
          46.212258
        ]
      },
      {
        "date": "2026-08-14",
        "close": 43.400002,
        "volume": 3023622,
        "typical_volume": 6096285.95,
        "trend": 40.076667,
        "fair_value": 23.997128,
        "relative_strength": 10.783711,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.562996,
        "energy": 26.041572,
        "activity_lines": [
          40.98,
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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."
    }
  }
}