{ "ticker": { "uuid": "d3d1f78f-1739-465b-8824-af2d526c205b", "symbol": "9919", "name": "KNH Enterprise 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": "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -42.037, "architecture_energy": 24.77, "architecture_maturity": 100.0, "architecture_confidence": 80.489, "architecture_tenure": "Extended", "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": 41.2, "rotation_up": 24.27, "upward_expansion": 13.72, "deceleration": 46.22, "rotation_down": 37.57, "downward_expansion": 63.72 }, "activity_lines": [ 13.93, 13.922727, 14.026429, 14.35 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 13.85, "trend_reference": 14.903333, "distance_from_trend": -0.070678, "trend_direction": "Weakening", "fair_value": 18.661422, "distance_from_fair_value": -0.257827, "fair_value_direction": "Improving", "relative_strength": -38.720856, "relative_strength_direction": "Improving", "price_momentum": -0.175595, "excess_performance": -0.616967, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.070678, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057447, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.257827, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.005635, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.387209, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.058423, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.175595, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.919252, "read": "Demand-led" } ], "volume": { "latest": 1029141, "relative_activity": 0.36407, "balance": 1.919252, "dry_up": 1.63053, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.052208, "annualized_volatility": 0.160029, "from_high_reference": -0.354312, "from_low_reference": 0.025926 }, "levels": { "trend_reference": 14.903333, "fair_value_reference": 18.661422, "structural_low": 13.5, "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": 33, "median_return": 0.0, "positive_rate": 0.454545, "directional_follow_through": 0.484848, "median_excess_return": -0.035382, "regime_survival": 0.818182, "best_return": 0.192073, "worst_return": -0.189189, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.06828, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.074995, "regime_survival": 0.666667, "best_return": 0.178218, "worst_return": -0.125806, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.122868, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.086467, "regime_survival": 0.571429, "best_return": 0.133928, "worst_return": -0.177927, "sufficient": true }, { 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"Established contraction", "gate": "down", "direction": -41.792978, "energy": 27.396454, "activity_lines": [ 14.016667, 13.998182, 14.179286, 14.588172 ] }, { "date": "2026-07-31", "close": 13.65, "volume": 2809185, "typical_volume": 3014770.5, "trend": 15.076667, "fair_value": 18.723855, "relative_strength": -37.861609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.886692, "energy": 33.442047, "activity_lines": [ 13.926667, 13.929091, 14.100952, 14.489892 ] }, { "date": "2026-08-07", "close": 14.05, "volume": 1648222, "typical_volume": 2997687.95, "trend": 14.991667, "fair_value": 18.694842, "relative_strength": -36.650057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.089704, "energy": 23.054741, "activity_lines": [ 13.963333, 13.943636, 14.07, 14.423656 ] }, { "date": "2026-08-14", "close": 13.85, "volume": 1029141, "typical_volume": 2826765.95, "trend": 14.903333, "fair_value": 18.661422, "relative_strength": -38.720856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.036764, "energy": 24.769891, "activity_lines": [ 13.93, 13.922727, 14.026429, 14.35 ] } ], "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." } } }