{
  "ticker": {
    "uuid": "d735629f-8703-419b-a91c-148b75c3e6d1",
    "symbol": "6797",
    "name": "Taiwan Advanced Nanotech Inc.",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.671,
    "architecture_energy": 48.8,
    "architecture_maturity": 56.524,
    "architecture_confidence": 96,
    "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": 19.4,
        "rotation_up": 15.79,
        "upward_expansion": 9.12,
        "deceleration": 41.06,
        "rotation_down": 57.91,
        "downward_expansion": 82.45
      },
      "activity_lines": [
        12.75,
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        13.543095,
        13.85914
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 12.4,
    "trend_reference": 14.278333,
    "distance_from_trend": -0.131551,
    "trend_direction": "Weakening",
    "fair_value": 22.553846,
    "distance_from_fair_value": -0.450205,
    "fair_value_direction": "Weakening",
    "relative_strength": -43.531406,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.186885,
    "excess_performance": -0.628257,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.131551,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052323,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.450205,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.016095,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.435314,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046343,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.186885,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.417351,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 270183,
      "relative_activity": 0.809246,
      "balance": 0.417351,
      "dry_up": 0.675282,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.134926,
      "annualized_volatility": 0.3983,
      "from_high_reference": -0.398058,
      "from_low_reference": 0.042017
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    "levels": {
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      "fair_value_reference": 22.553846,
      "structural_low": 11.9,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
        "median_return": -0.028346,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.052151,
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        "best_return": 0.357698,
        "worst_return": -0.247534,
        "sufficient": true
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        "horizon": "Intermediate",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "trend": 14.671667,
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        "relative_strength": -38.430578,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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      },
      {
        "date": "2026-07-24",
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        "volume": 209192,
        "typical_volume": 333572.05,
        "trend": 14.548333,
        "fair_value": 23.15641,
        "relative_strength": -42.668936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.233445,
        "energy": 33.568478,
        "activity_lines": [
          13.216667,
          13.43,
          13.929524,
          14.182688
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.85,
        "volume": 212947,
        "typical_volume": 337089.35,
        "trend": 14.451667,
        "fair_value": 22.951923,
        "relative_strength": -39.531377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.28801,
        "energy": 41.862671,
        "activity_lines": [
          13.05,
          13.267273,
          13.800476,
          14.073118
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      },
      {
        "date": "2026-08-07",
        "close": 13.1,
        "volume": 209504,
        "typical_volume": 335809.3,
        "trend": 14.365,
        "fair_value": 22.74968,
        "relative_strength": -39.120419,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.912219,
        "energy": 42.10467,
        "activity_lines": [
          12.98,
          13.201818,
          13.702381,
          13.985914
        ]
      },
      {
        "date": "2026-08-14",
        "close": 12.4,
        "volume": 270183,
        "typical_volume": 333870.05,
        "trend": 14.278333,
        "fair_value": 22.553846,
        "relative_strength": -43.531406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.670587,
        "energy": 48.800022,
        "activity_lines": [
          12.75,
          13.039091,
          13.543095,
          13.85914
        ]
      }
    ],
    "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."
    }
  }
}