{
  "ticker": {
    "uuid": "e67b8726-2e5a-4066-9b08-87e2d3a85740",
    "symbol": "6874",
    "name": "M-POWER INFORMATION 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 57.775,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -36.776,
    "architecture_energy": 53.191,
    "architecture_maturity": 4.897,
    "architecture_confidence": 68.781,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 32.84,
        "rotation_up": 17.77,
        "upward_expansion": 19.17,
        "deceleration": 44.02,
        "rotation_down": 66.85,
        "downward_expansion": 60.84
      },
      "activity_lines": [
        77.726666,
        79.636363,
        81.58238,
        81.853333
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 77.0,
    "trend_reference": 79.893333,
    "distance_from_trend": -0.036215,
    "trend_direction": "Improving",
    "fair_value": 89.797594,
    "distance_from_fair_value": -0.142516,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.037972,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.245955,
    "excess_performance": -0.195417,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.036215,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047324,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.142516,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01211,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.28038,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.007314,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.245955,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.728064,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 279010,
      "relative_activity": 1.077506,
      "balance": 0.728064,
      "dry_up": 0.615349,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.060839,
      "annualized_volatility": 0.353563,
      "from_high_reference": -0.208633,
      "from_low_reference": 0.272727
    },
    "levels": {
      "trend_reference": 79.893333,
      "fair_value_reference": 89.797594,
      "structural_low": 66.800003,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.019048,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.052761,
        "regime_survival": 0.0,
        "best_return": 0.019048,
        "worst_return": 0.019048,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.019048,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.118384,
        "regime_survival": 0.0,
        "best_return": -0.019048,
        "worst_return": -0.019048,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.032982,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.127449,
        "regime_survival": 0.0,
        "best_return": 0.032982,
        "worst_return": 0.032982,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.167684,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.20084,
        "regime_survival": 0.0,
        "best_return": -0.167684,
        "worst_return": -0.167684,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.065327,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": 0.070953,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.042328,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.089494,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.014286,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.041274,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.036667,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.011377,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.021277,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-22",
        "end": "2026-03-06",
        "tenure": "Extended",
        "return": -0.065637,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-03-27",
        "tenure": "New",
        "return": 0.080723,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-03",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
        "return": -0.017722,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "start": "2026-08-14",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
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        "gate": "up",
        "direction": 48.698867,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 81.0,
        "volume": 179036,
        "typical_volume": 299573.3,
        "trend": 75.723333,
        "fair_value": 93.960411,
        "relative_strength": -30.721898,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.789272,
        "energy": 28.02222,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 308618.45,
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        "relative_strength": -35.285265,
        "stage": 1,
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        "modifier": "Recompressing",
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        "energy": 20.14232,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
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        "volume": 418012,
        "typical_volume": 323959.15,
        "trend": 76.283333,
        "fair_value": 93.083375,
        "relative_strength": -31.922094,
        "stage": 1,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 83.300003,
        "volume": 310017,
        "typical_volume": 334159.85,
        "trend": 76.666667,
        "fair_value": 92.652317,
        "relative_strength": -28.996662,
        "stage": 1,
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        "modifier": "Recompressing",
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        "energy": 20.237407,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 336806.95,
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        "stage": 3,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 343793.25,
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        "relative_strength": -30.418657,
        "stage": 3,
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        "modifier": "Recompressing",
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        "direction": 30.433784,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 114225,
        "typical_volume": 328552.65,
        "trend": 78.19,
        "fair_value": 91.383801,
        "relative_strength": -26.44855,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 19.043858,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 80.699997,
        "volume": 150000,
        "typical_volume": 328888.1,
        "trend": 78.593333,
        "fair_value": 91.115949,
        "relative_strength": -23.439574,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.064015,
        "energy": 6.749299,
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          82.673332,
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      },
      {
        "date": "2026-07-24",
        "close": 79.400002,
        "volume": 94202,
        "typical_volume": 320885.85,
        "trend": 78.91,
        "fair_value": 90.899722,
        "relative_strength": -25.342971,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.889282,
        "energy": 9.213125,
        "activity_lines": [
          81.38,
          82.176363,
          83.656666,
          82.246881
        ]
      },
      {
        "date": "2026-07-31",
        "close": 77.0,
        "volume": 168007,
        "typical_volume": 307556.95,
        "trend": 79.22,
        "fair_value": 90.582456,
        "relative_strength": -25.64526,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -7.943308,
        "energy": 23.782384,
        "activity_lines": [
          79.666666,
          81.236363,
          82.910476,
          82.123656
        ]
      },
      {
        "date": "2026-08-07",
        "close": 77.599998,
        "volume": 96136,
        "typical_volume": 261195.0,
        "trend": 79.57,
        "fair_value": 90.186238,
        "relative_strength": -25.882035,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.356976,
        "energy": 39.310572,
        "activity_lines": [
          78.619999,
          80.478181,
          82.249999,
          82.019139
        ]
      },
      {
        "date": "2026-08-14",
        "close": 77.0,
        "volume": 279010,
        "typical_volume": 258940.5,
        "trend": 79.893333,
        "fair_value": 89.797594,
        "relative_strength": -28.037972,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.776368,
        "energy": 53.190545,
        "activity_lines": [
          77.726666,
          79.636363,
          81.58238,
          81.853333
        ]
      }
    ],
    "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."
    }
  }
}