{
  "ticker": {
    "uuid": "e76ea042-45ac-4f40-839e-66dac15589e9",
    "symbol": "4946",
    "name": "Cayenne Entertainment Technology 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.501,
    "architecture_energy": 83.162,
    "architecture_maturity": 32.0,
    "architecture_confidence": 87.867,
    "architecture_tenure": "Developing",
    "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": 16.03,
        "rotation_up": 9.07,
        "upward_expansion": 20.61,
        "deceleration": 37.1,
        "rotation_down": 75.43,
        "downward_expansion": 93.94
      },
      "activity_lines": [
        80.446666,
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        102.232688
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 81.0,
    "trend_reference": 109.743333,
    "distance_from_trend": -0.261914,
    "trend_direction": "Weakening",
    "fair_value": 88.833346,
    "distance_from_fair_value": -0.08818,
    "fair_value_direction": "Weakening",
    "relative_strength": -50.220454,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.330579,
    "excess_performance": -0.771951,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.261914,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032189,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.08818,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.320347,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.502205,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001827,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.330579,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.560687,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 103361,
      "relative_activity": 0.342052,
      "balance": 0.560687,
      "dry_up": 0.499621,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.134758,
      "annualized_volatility": 0.744655,
      "from_high_reference": -0.526316,
      "from_low_reference": 0.246154
    },
    "levels": {
      "trend_reference": 109.743333,
      "fair_value_reference": 88.833346,
      "structural_low": 65.0,
      "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": 32,
        "median_return": -0.028997,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.5625,
        "median_excess_return": -0.036555,
        "regime_survival": 0.8125,
        "best_return": 0.739597,
        "worst_return": -0.369266,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.107246,
        "positive_rate": 0.363636,
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        "best_return": 1.340909,
        "worst_return": -0.28218,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.087159,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.192369,
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.380952,
        "sufficient": false
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
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        "regime": "downward_expansion",
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        "trend": 117.11,
        "fair_value": 83.132665,
        "relative_strength": -45.677419,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 596400.75,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 650324.35,
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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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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 614981.6,
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        "fair_value": 87.353622,
        "relative_strength": -44.72921,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 529567.2,
        "trend": 112.84,
        "fair_value": 87.659365,
        "relative_strength": -45.813043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.343262,
        "energy": 67.330935,
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      },
      {
        "date": "2026-07-24",
        "close": 82.0,
        "volume": 162258,
        "typical_volume": 396971.95,
        "trend": 112.273333,
        "fair_value": 87.950018,
        "relative_strength": -50.587709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.952577,
        "energy": 84.858789,
        "activity_lines": [
          92.386666,
          98.332727,
          103.28,
          108.565161
        ]
      },
      {
        "date": "2026-07-31",
        "close": 70.900002,
        "volume": 152225,
        "typical_volume": 336015.1,
        "trend": 111.086667,
        "fair_value": 88.196852,
        "relative_strength": -55.576832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.008805,
        "energy": 93.007248,
        "activity_lines": [
          83.906667,
          92.72,
          99.667143,
          105.895914
        ]
      },
      {
        "date": "2026-08-07",
        "close": 83.699997,
        "volume": 186056,
        "typical_volume": 311582.0,
        "trend": 110.393333,
        "fair_value": 88.51736,
        "relative_strength": -47.725221,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.930887,
        "energy": 84.487919,
        "activity_lines": [
          81.933332,
          90.127272,
          97.633333,
          104.129032
        ]
      },
      {
        "date": "2026-08-14",
        "close": 81.0,
        "volume": 103361,
        "typical_volume": 302178.85,
        "trend": 109.743333,
        "fair_value": 88.833346,
        "relative_strength": -50.220454,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.500962,
        "energy": 83.161617,
        "activity_lines": [
          80.446666,
          87.376363,
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          102.232688
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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."
    }
  }
}