{ "ticker": { "uuid": "d976913b-3e1f-4ed7-9e50-5fd51611c76e", "symbol": "6016", "name": "Concord Securities 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 87.226, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 3.816, "architecture_energy": 17.309, "architecture_maturity": 63.432, "architecture_confidence": 84.388, "architecture_tenure": "Developing", "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": 61.0, "rotation_up": 15.27, "upward_expansion": 45.98, "deceleration": 87.51, "rotation_down": 42.46, "downward_expansion": 30.98 }, "activity_lines": [ 20.405857, 21.647535, 22.240847, 20.908685 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 20.15, "trend_reference": 19.022119, "distance_from_trend": 0.059293, "trend_direction": "Improving", "fair_value": 12.224964, "distance_from_fair_value": 0.648267, "fair_value_direction": "Weakening", "relative_strength": -3.517512, "relative_strength_direction": "Weakening", "price_momentum": 0.449624, "excess_performance": 0.008252, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059293, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.241805, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.648267, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.110787, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035175, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.142115, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.449624, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.543491, "read": "Demand-led" } ], "volume": { "latest": 31799127, "relative_activity": 0.623655, "balance": 1.543491, "dry_up": 0.58207, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.166688, "annualized_volatility": 0.678539, "from_high_reference": -0.374477, "from_low_reference": 1.011593 }, "levels": { "trend_reference": 19.022119, "fair_value_reference": 12.224964, "structural_low": 13.635389, "invalidation": "A 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"Recompressing", "gate": "up", "direction": 40.302411, "energy": 27.449669, "activity_lines": [ 23.343432, 24.365585, 22.226797, 20.34656 ] }, { "date": "2026-07-24", "close": 21.578335, "volume": 33756082, "typical_volume": 52871304.8, "trend": 18.218762, "fair_value": 12.052216, "relative_strength": 9.04186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.724696, "energy": 23.949108, "activity_lines": [ 22.549138, 23.879381, 22.372208, 20.585038 ] }, { "date": "2026-07-31", "close": 20.6, "volume": 35776148, "typical_volume": 52214973.65, "trend": 18.520049, "fair_value": 12.112852, "relative_strength": 5.073409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.472906, "energy": 24.010996, "activity_lines": [ 21.684672, 23.177589, 22.391874, 20.738667 ] }, { "date": "2026-08-07", "close": 19.799999, "volume": 17383720, "typical_volume": 50470493.95, "trend": 18.794669, "fair_value": 12.166064, "relative_strength": -1.715934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.990548, "energy": 20.068016, "activity_lines": [ 20.792329, 22.323258, 22.309748, 20.821244 ] }, { "date": "2026-08-14", "close": 20.15, "volume": 31799127, "typical_volume": 50988326.65, "trend": 19.022119, "fair_value": 12.224964, "relative_strength": -3.517512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.815858, "energy": 17.309493, "activity_lines": [ 20.405857, 21.647535, 22.240847, 20.908685 ] } ], "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." } } }