{
  "ticker": {
    "uuid": "dd61e87f-ac5d-4dab-b056-72aa344c0605",
    "symbol": "6171",
    "name": "Tacheng Real Estate 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": 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": -51.653,
    "architecture_energy": 32.743,
    "architecture_maturity": 100.0,
    "architecture_confidence": 83.382,
    "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": 33.9,
        "rotation_up": 26.31,
        "upward_expansion": 4.1,
        "deceleration": 59.47,
        "rotation_down": 40.35,
        "downward_expansion": 75.1
      },
      "activity_lines": [
        23.663333,
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        23.941429,
        24.568925
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 23.799999,
    "trend_reference": 25.498333,
    "distance_from_trend": -0.066606,
    "trend_direction": "Weakening",
    "fair_value": 30.74434,
    "distance_from_fair_value": -0.225874,
    "fair_value_direction": "Weakening",
    "relative_strength": -38.596963,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.145422,
    "excess_performance": -0.586794,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.066606,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.054099,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.225874,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003764,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.38597,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.083237,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.145422,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.616206,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 13339,
      "relative_activity": 0.107007,
      "balance": 0.616206,
      "dry_up": 0.33211,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.050582,
      "annualized_volatility": 0.151704,
      "from_high_reference": -0.278788,
      "from_low_reference": 0.057778
    },
    "levels": {
      "trend_reference": 25.498333,
      "fair_value_reference": 30.74434,
      "structural_low": 22.5,
      "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": 26,
        "median_return": -0.006908,
        "positive_rate": 0.346154,
        "directional_follow_through": 0.653846,
        "median_excess_return": -0.038927,
        "regime_survival": 0.846154,
        "best_return": 0.079002,
        "worst_return": -0.078073,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.016366,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.777778,
        "median_excess_return": -0.113722,
        "regime_survival": 0.777778,
        "best_return": 0.063107,
        "worst_return": -0.149618,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 5,
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        "directional_follow_through": 0.8,
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        "worst_return": -0.179555,
        "sufficient": true
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        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.029102,
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        "worst_return": -0.282111,
        "sufficient": false
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        "regime": "upward_expansion",
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      {
        "date": "2026-05-01",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-24",
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        "trend": 25.995,
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        "relative_strength": -40.655383,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.461319,
        "energy": 50.080422,
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          23.446667,
          23.732728,
          24.225,
          24.966022
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      },
      {
        "date": "2026-07-31",
        "close": 23.700001,
        "volume": 44081,
        "typical_volume": 128040.45,
        "trend": 25.815,
        "fair_value": 30.679601,
        "relative_strength": -37.456906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.856384,
        "energy": 45.139418,
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          23.483334,
          23.706364,
          24.106429,
          24.817957
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      },
      {
        "date": "2026-08-07",
        "close": 23.799999,
        "volume": 46000,
        "typical_volume": 127589.7,
        "trend": 25.645,
        "fair_value": 30.712548,
        "relative_strength": -37.590271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.506412,
        "energy": 40.472834,
        "activity_lines": [
          23.566667,
          23.703637,
          24.014286,
          24.687957
        ]
      },
      {
        "date": "2026-08-14",
        "close": 23.799999,
        "volume": 13339,
        "typical_volume": 124655.15,
        "trend": 25.498333,
        "fair_value": 30.74434,
        "relative_strength": -38.596963,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.652983,
        "energy": 32.743383,
        "activity_lines": [
          23.663333,
          23.693636,
          23.941429,
          24.568925
        ]
      }
    ],
    "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."
    }
  }
}