{
  "ticker": {
    "uuid": "e4c4ceb9-ec4e-4af0-97c7-96808f722812",
    "symbol": "3686",
    "name": "Danen Technology Corporation",
    "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": 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": -72.481,
    "architecture_energy": 77.943,
    "architecture_maturity": 46.719,
    "architecture_confidence": 84.711,
    "architecture_tenure": "Established",
    "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": 2.6,
        "rotation_up": 10.38,
        "upward_expansion": 17.58,
        "deceleration": 37.52,
        "rotation_down": 79.23,
        "downward_expansion": 95.58
      },
      "activity_lines": [
        14.733333,
        15.410909,
        16.230476,
        16.816882
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 14.4,
    "trend_reference": 17.646667,
    "distance_from_trend": -0.183982,
    "trend_direction": "Weakening",
    "fair_value": 17.850641,
    "distance_from_fair_value": -0.193306,
    "fair_value_direction": "Weakening",
    "relative_strength": -42.957508,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.330233,
    "excess_performance": -0.771605,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.183982,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.045094,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.193306,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.189381,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.429575,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.098695,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.330233,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.568783,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 419296,
      "relative_activity": 0.363416,
      "balance": 0.568783,
      "dry_up": 0.512608,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.092147,
      "annualized_volatility": 0.28864,
      "from_high_reference": -0.4,
      "from_low_reference": 0.043478
    },
    "levels": {
      "trend_reference": 17.646667,
      "fair_value_reference": 17.850641,
      "structural_low": 13.8,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": -0.025,
        "positive_rate": 0.448276,
        "directional_follow_through": 0.551724,
        "median_excess_return": -0.01231,
        "regime_survival": 0.862069,
        "best_return": 0.274725,
        "worst_return": -0.265465,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.079076,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.076017,
        "regime_survival": 0.6,
        "best_return": 0.162162,
        "worst_return": -0.257293,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.109034,
        "positive_rate": 0.2,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.074938,
        "regime_survival": 0.2,
        "best_return": 0.150579,
        "worst_return": -0.341373,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.054789,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.175655,
        "regime_survival": 0.5,
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        "worst_return": -0.542346,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-07-28",
        "end": "2023-11-17",
        "tenure": "Established",
        "return": 0.018727,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-24",
        "end": "2024-03-22",
        "tenure": "Established",
        "return": 0.0369,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-18",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-11-15",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-11-22",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2025-05-30",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": -0.079412,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.008043,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
        "regime": "deceleration",
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      {
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      },
      {
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        "typical_volume": 1410411.25,
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        "fair_value": 17.835577,
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        "stage": 4,
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      },
      {
        "date": "2026-07-31",
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        "volume": 790569,
        "typical_volume": 1374926.95,
        "trend": 17.875,
        "fair_value": 17.8375,
        "relative_strength": -39.985853,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 75.620991,
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      },
      {
        "date": "2026-08-07",
        "close": 14.7,
        "volume": 598917,
        "typical_volume": 1197974.1,
        "trend": 17.766667,
        "fair_value": 17.846154,
        "relative_strength": -40.413501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.189149,
        "energy": 75.646383,
        "activity_lines": [
          15.046667,
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        ]
      },
      {
        "date": "2026-08-14",
        "close": 14.4,
        "volume": 419296,
        "typical_volume": 1153764.6,
        "trend": 17.646667,
        "fair_value": 17.850641,
        "relative_strength": -42.957508,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.480803,
        "energy": 77.943441,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}