{
  "ticker": {
    "uuid": "e8a58dad-8046-48f8-9ec8-4c0e1a0c3b36",
    "symbol": "2910",
    "name": "Tonlin Department Store 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 77.057,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 53.229,
    "architecture_energy": 38.155,
    "architecture_maturity": 22.852,
    "architecture_confidence": 68.471,
    "architecture_tenure": "Developing",
    "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": 25.1,
        "rotation_up": 55.56,
        "upward_expansion": 75.57,
        "deceleration": 57.94,
        "rotation_down": 14.47,
        "downward_expansion": 4.57
      },
      "activity_lines": [
        24.243333,
        23.75,
        23.059286,
        22.590101
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 23.799999,
    "trend_reference": 21.922409,
    "distance_from_trend": 0.085647,
    "trend_direction": "Improving",
    "fair_value": 22.851003,
    "distance_from_fair_value": 0.04153,
    "fair_value_direction": "Improving",
    "relative_strength": -19.242888,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.192564,
    "excess_performance": -0.248808,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.085647,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053591,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.04153,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.110953,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.192429,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.101533,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.192564,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.198596,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 83245,
      "relative_activity": 0.362818,
      "balance": 7.198596,
      "dry_up": 2.29842,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.106658,
      "annualized_volatility": 0.325063,
      "from_high_reference": -0.234727,
      "from_low_reference": 0.23389
    },
    "levels": {
      "trend_reference": 21.922409,
      "fair_value_reference": 22.851003,
      "structural_low": 19.384077,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.004548,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.026343,
        "regime_survival": 0.714286,
        "best_return": 0.1,
        "worst_return": -0.184416,
        "sufficient": true
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        "sufficient": true
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      },
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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      },
      {
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        "date": "2026-06-05",
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      {
        "date": "2026-07-10",
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        "relative_strength": -17.681938,
        "stage": 3,
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      },
      {
        "date": "2026-07-24",
        "close": 23.549999,
        "volume": 1028875,
        "typical_volume": 190474.05,
        "trend": 21.448636,
        "fair_value": 22.894508,
        "relative_strength": -18.383208,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.660876,
        "energy": 31.248534,
        "activity_lines": [
          23.113333,
          22.802727,
          22.397321,
          22.017627
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.700001,
        "volume": 818101,
        "typical_volume": 224979.1,
        "trend": 21.638478,
        "fair_value": 22.887455,
        "relative_strength": -9.057138,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.750574,
        "energy": 41.874583,
        "activity_lines": [
          24.023334,
          23.392727,
          22.749826,
          22.291908
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      },
      {
        "date": "2026-08-07",
        "close": 24.25,
        "volume": 179175,
        "typical_volume": 231134.45,
        "trend": 21.789535,
        "fair_value": 22.870236,
        "relative_strength": -15.552614,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.533324,
        "energy": 43.127902,
        "activity_lines": [
          24.263334,
          23.636364,
          22.935524,
          22.460394
        ]
      },
      {
        "date": "2026-08-14",
        "close": 23.799999,
        "volume": 83245,
        "typical_volume": 229439.8,
        "trend": 21.922409,
        "fair_value": 22.851003,
        "relative_strength": -19.242888,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.229089,
        "energy": 38.15454,
        "activity_lines": [
          24.243333,
          23.75,
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          22.590101
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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."
    }
  }
}