{
  "ticker": {
    "uuid": "df21e009-266e-484b-866e-ce3111815131",
    "symbol": "2025",
    "name": "Chien Shing Stainless Steel Co., Ltd.",
    "exchange": "TAI",
    "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": 86.406,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -2.503,
    "architecture_energy": 6.504,
    "architecture_maturity": 15.993,
    "architecture_confidence": 38.718,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 62.15,
        "rotation_up": 21.7,
        "upward_expansion": 24.28,
        "deceleration": 64.75,
        "rotation_down": 42.81,
        "downward_expansion": 28.95
      },
      "activity_lines": [
        12.2,
        12.360909,
        12.432619,
        12.271935
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 12.6,
    "trend_reference": 12.226667,
    "distance_from_trend": 0.030534,
    "trend_direction": "Improving",
    "fair_value": 13.92883,
    "distance_from_fair_value": -0.095401,
    "fair_value_direction": "Improving",
    "relative_strength": -21.167359,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.045643,
    "excess_performance": -0.395729,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.030534,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.085978,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.095401,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.018439,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.211674,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.133959,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.045643,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.51723,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4921822,
      "relative_activity": 1.903741,
      "balance": 4.51723,
      "dry_up": 1.037018,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.106532,
      "annualized_volatility": 0.407577,
      "from_high_reference": -0.205047,
      "from_low_reference": 0.441648
    },
    "levels": {
      "trend_reference": 12.226667,
      "fair_value_reference": 13.92883,
      "structural_low": 10.35,
      "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": 5,
        "median_return": -0.070539,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.093572,
        "regime_survival": 0.6,
        "best_return": 0.008368,
        "worst_return": -0.194719,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.145473,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.108348,
        "regime_survival": 0.0,
        "best_return": -0.09205,
        "worst_return": -0.198895,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.225548,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.274953,
        "regime_survival": 0.5,
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        "worst_return": -0.381215,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.424456,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.524442,
        "regime_survival": 0.0,
        "best_return": -0.424456,
        "worst_return": -0.424456,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
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        "color": "green",
        "start": "2023-10-06",
        "end": "2023-12-29",
        "tenure": "Established",
        "return": -0.030263,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-02-02",
        "tenure": "Developing",
        "return": 0.096552,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-09",
        "end": "2024-08-23",
        "tenure": "Extended",
        "return": 0.40553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.062761,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": 0.0809,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.143646,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2026-01-09",
        "tenure": "Extended",
        "return": -0.095785,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.135231,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.058091,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": true
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      },
      {
        "date": "2026-05-15",
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        "fair_value": 13.090187,
        "relative_strength": -34.563217,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "energy": 19.588349,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1800905.15,
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        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "energy": 54.406725,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -20.016646,
        "stage": 1,
        "regime": "upward_expansion",
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        "direction": 73.687281,
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        "activity_lines": [
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "volume": 2805921,
        "typical_volume": 2311695.05,
        "trend": 11.856667,
        "fair_value": 13.565901,
        "relative_strength": -22.900096,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.093766,
        "energy": 60.224313,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 12.1,
        "volume": 0,
        "typical_volume": 2280112.6,
        "trend": 11.937333,
        "fair_value": 13.626763,
        "relative_strength": -28.206184,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.073784,
        "energy": 29.292553,
        "activity_lines": [
          13.073333,
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      },
      {
        "date": "2026-07-17",
        "close": 11.55,
        "volume": 1743745,
        "typical_volume": 2317055.2,
        "trend": 12.002333,
        "fair_value": 13.6841,
        "relative_strength": -26.153575,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 18.423057,
        "energy": 13.774375,
        "activity_lines": [
          12.466667,
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          12.426429,
          12.262129
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      },
      {
        "date": "2026-07-24",
        "close": 11.7,
        "volume": 1716627,
        "typical_volume": 2372955.65,
        "trend": 12.074,
        "fair_value": 13.742398,
        "relative_strength": -25.98598,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 15.703728,
        "energy": 16.893613,
        "activity_lines": [
          12.08,
          12.618182,
          12.390714,
          12.242624
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.15,
        "volume": 2744744,
        "typical_volume": 2477850.75,
        "trend": 12.171667,
        "fair_value": 13.803581,
        "relative_strength": -21.197371,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.07165,
        "energy": 14.34173,
        "activity_lines": [
          12.003333,
          12.503636,
          12.39619,
          12.247527
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.15,
        "volume": 1340991,
        "typical_volume": 2496818.95,
        "trend": 12.2,
        "fair_value": 13.864763,
        "relative_strength": -22.247232,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.023818,
        "energy": 15.406857,
        "activity_lines": [
          11.976667,
          12.393636,
          12.394286,
          12.246129
        ]
      },
      {
        "date": "2026-08-14",
        "close": 12.6,
        "volume": 4921822,
        "typical_volume": 2585342.7,
        "trend": 12.226667,
        "fair_value": 13.92883,
        "relative_strength": -21.167359,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.502759,
        "energy": 6.503954,
        "activity_lines": [
          12.2,
          12.360909,
          12.432619,
          12.271935
        ]
      }
    ],
    "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."
    }
  }
}