{
  "ticker": {
    "uuid": "ddbac77d-b5e9-4db5-ac80-f57284d7a093",
    "symbol": "8093",
    "name": "Enermax Technology Corporation",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.557,
    "architecture_energy": 80.339,
    "architecture_maturity": 22.0,
    "architecture_confidence": 59.009,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 17.24,
        "rotation_up": 80.84,
        "upward_expansion": 91.98,
        "deceleration": 42.01,
        "rotation_down": 8.84,
        "downward_expansion": 16.31
      },
      "activity_lines": [
        22.086667,
        21.081818,
        20.141191,
        19.918602
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 25.4,
    "trend_reference": 19.653333,
    "distance_from_trend": 0.292402,
    "trend_direction": "Weakening",
    "fair_value": 28.45235,
    "distance_from_fair_value": -0.107279,
    "fair_value_direction": "Improving",
    "relative_strength": -20.030145,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.302564,
    "excess_performance": -0.138808,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.292402,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.066177,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.107279,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.277373,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.200301,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.313147,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.302564,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.31032,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 407067,
      "relative_activity": 3.564539,
      "balance": 4.31032,
      "dry_up": 1.466102,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.069049,
      "annualized_volatility": 0.359074,
      "from_high_reference": -0.281132,
      "from_low_reference": 0.525526
    },
    "levels": {
      "trend_reference": 19.653333,
      "fair_value_reference": 28.45235,
      "structural_low": 17.049999,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.102754,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.083158,
        "regime_survival": 0.625,
        "best_return": 0.400763,
        "worst_return": -0.276892,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.11745,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.049923,
        "regime_survival": 0.333333,
        "best_return": 0.120301,
        "worst_return": -0.199219,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.045862,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.017877,
        "regime_survival": 0.0,
        "best_return": 0.25188,
        "worst_return": -0.160156,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.05968,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.171182,
        "regime_survival": 0.0,
        "best_return": 0.255639,
        "worst_return": -0.375,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2023-10-13",
        "tenure": "New",
        "return": 0.158784,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-01-05",
        "tenure": "Developing",
        "return": -0.063218,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-05-03",
        "tenure": "Established",
        "return": -0.034268,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-08",
        "tenure": "Established",
        "return": -0.045259,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-02-14",
        "tenure": "Established",
        "return": 0.059524,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.190045,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2025-10-31",
        "tenure": "Extended",
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        "active": false
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      {
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        "label": "Rotation Up",
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        "regime": "balance",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "direction": -39.6628,
        "energy": 19.67261,
        "activity_lines": [
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          20.019604,
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      },
      {
        "date": "2026-05-01",
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        "volume": 72120,
        "typical_volume": 113361.55,
        "trend": 22.097222,
        "fair_value": 29.489636,
        "relative_strength": -47.018968,
        "stage": 4,
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        "energy": 30.166363,
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      },
      {
        "date": "2026-05-08",
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        "relative_strength": -48.589011,
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        "direction": -40.586351,
        "energy": 28.699805,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 117922.3,
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        "fair_value": 29.333012,
        "relative_strength": -51.344839,
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        "regime": "downward_expansion",
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        "energy": 50.209847,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 18.299999,
        "volume": 82900,
        "typical_volume": 119100.3,
        "trend": 21.476111,
        "fair_value": 29.280448,
        "relative_strength": -50.900092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 53.563169,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 119257.05,
        "trend": 21.257222,
        "fair_value": 29.23782,
        "relative_strength": -53.197938,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 53.561098,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 18.25,
        "volume": 83671,
        "typical_volume": 123440.6,
        "trend": 21.046111,
        "fair_value": 29.189743,
        "relative_strength": -51.901506,
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-06-12",
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        "trend": 20.562222,
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        "relative_strength": -48.724962,
        "stage": 4,
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        "gate": "down",
        "direction": -56.944179,
        "energy": 39.828763,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 19.299999,
        "volume": 108247,
        "typical_volume": 104316.9,
        "trend": 20.25,
        "fair_value": 29.124251,
        "relative_strength": -48.608645,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 29.996744,
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      },
      {
        "date": "2026-06-26",
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        "energy": 20.413881,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -43.504964,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.21705,
        "energy": 11.854325,
        "activity_lines": [
          19.436666,
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          19.187381,
          19.412724
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      },
      {
        "date": "2026-07-10",
        "close": 20.0,
        "volume": 40561,
        "typical_volume": 104479.15,
        "trend": 19.985556,
        "fair_value": 29.033867,
        "relative_strength": -42.019986,
        "stage": 4,
        "regime": "balance",
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        "energy": 17.712626,
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      },
      {
        "date": "2026-07-17",
        "close": 19.950001,
        "volume": 53109,
        "typical_volume": 103099.4,
        "trend": 19.814445,
        "fair_value": 28.901602,
        "relative_strength": -37.377587,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.106352,
        "energy": 17.87934,
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          19.89,
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          19.406523
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      },
      {
        "date": "2026-07-24",
        "close": 19.950001,
        "volume": 61640,
        "typical_volume": 100328.85,
        "trend": 19.668334,
        "fair_value": 28.761324,
        "relative_strength": -37.645016,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.424182,
        "energy": 18.867773,
        "activity_lines": [
          19.963334,
          19.569091,
          19.369524,
          19.415269
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.15,
        "volume": 99400,
        "typical_volume": 99842.4,
        "trend": 19.551111,
        "fair_value": 28.630875,
        "relative_strength": -34.997447,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.212978,
        "energy": 20.788978,
        "activity_lines": [
          20.06,
          19.743637,
          19.436905,
          19.446344
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.0,
        "volume": 101603,
        "typical_volume": 99961.85,
        "trend": 19.528889,
        "fair_value": 28.496794,
        "relative_strength": -32.648778,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.905847,
        "energy": 42.112766,
        "activity_lines": [
          20.356667,
          20.039091,
          19.58381,
          19.539821
        ]
      },
      {
        "date": "2026-08-14",
        "close": 25.4,
        "volume": 407067,
        "typical_volume": 114199.05,
        "trend": 19.653333,
        "fair_value": 28.45235,
        "relative_strength": -20.030145,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.556515,
        "energy": 80.338554,
        "activity_lines": [
          22.086667,
          21.081818,
          20.141191,
          19.918602
        ]
      }
    ],
    "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."
    }
  }
}