{
  "ticker": {
    "uuid": "d7f91cbc-17b2-45c1-b428-f5cb44dfecef",
    "symbol": "5016",
    "name": "Song Ho Industrial 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 65.69,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -51.485,
    "architecture_energy": 33.243,
    "architecture_maturity": 17.819,
    "architecture_confidence": 88.994,
    "architecture_tenure": "New",
    "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": 26.63,
        "rotation_up": 25.04,
        "upward_expansion": 5.21,
        "deceleration": 46.13,
        "rotation_down": 42.71,
        "downward_expansion": 78.55
      },
      "activity_lines": [
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        24.378944,
        24.741109
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 24.450001,
    "trend_reference": 24.912954,
    "distance_from_trend": -0.018583,
    "trend_direction": "Improving",
    "fair_value": 24.958007,
    "distance_from_fair_value": -0.020354,
    "fair_value_direction": "Improving",
    "relative_strength": -29.104824,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.010248,
    "excess_performance": -0.431124,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.018583,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.002523,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.020354,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022273,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.291048,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.051649,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.010248,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.217052,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 61100,
      "relative_activity": 0.069517,
      "balance": 3.217052,
      "dry_up": 0.0649,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.041943,
      "annualized_volatility": 0.340814,
      "from_high_reference": -0.259935,
      "from_low_reference": 0.076459
    },
    "levels": {
      "trend_reference": 24.912954,
      "fair_value_reference": 24.958007,
      "structural_low": 22.713366,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 21,
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        "positive_rate": 0.619048,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.032209,
        "regime_survival": 0.714286,
        "best_return": 0.049505,
        "worst_return": -0.071429,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "median_excess_return": -0.104515,
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        "worst_return": -0.036304,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "relative_strength": -29.51383,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 770005.65,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 843281.15,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 873486.95,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 883338.2,
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        "relative_strength": -34.948591,
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      },
      {
        "date": "2026-06-19",
        "close": 24.105942,
        "volume": 152000,
        "typical_volume": 889378.2,
        "trend": 24.875858,
        "fair_value": 25.043813,
        "relative_strength": -37.560598,
        "stage": 1,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 25.027602,
        "relative_strength": -35.787452,
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        "energy": 13.861114,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 24.200001,
        "volume": 130150,
        "typical_volume": 904585.35,
        "trend": 24.909472,
        "fair_value": 25.015275,
        "relative_strength": -33.197353,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.115636,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 905547.75,
        "trend": 24.910677,
        "fair_value": 25.003926,
        "relative_strength": -28.884088,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.781295,
        "energy": 26.373711,
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      },
      {
        "date": "2026-07-24",
        "close": 24.1,
        "volume": 53000,
        "typical_volume": 906147.75,
        "trend": 24.920083,
        "fair_value": 24.994685,
        "relative_strength": -29.253864,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.502531,
        "energy": 41.777321,
        "activity_lines": [
          24.116667,
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          24.729005,
          24.905659
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.700001,
        "volume": 79069,
        "typical_volume": 908750.45,
        "trend": 24.912954,
        "fair_value": 24.979153,
        "relative_strength": -28.703194,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.913081,
        "energy": 50.829959,
        "activity_lines": [
          23.963334,
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      },
      {
        "date": "2026-08-07",
        "close": 24.049999,
        "volume": 35000,
        "typical_volume": 907031.95,
        "trend": 24.917492,
        "fair_value": 24.968158,
        "relative_strength": -28.614707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.317494,
        "energy": 46.316838,
        "activity_lines": [
          23.963333,
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          24.459826,
          24.771269
        ]
      },
      {
        "date": "2026-08-14",
        "close": 24.450001,
        "volume": 61100,
        "typical_volume": 878922.1,
        "trend": 24.912954,
        "fair_value": 24.958007,
        "relative_strength": -29.104824,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.485205,
        "energy": 33.24266,
        "activity_lines": [
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          24.378944,
          24.741109
        ]
      }
    ],
    "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."
    }
  }
}