{
  "ticker": {
    "uuid": "e8da331a-d8e9-4ee0-a2c4-045c690459a7",
    "symbol": "4162",
    "name": "PharmaEngine, Inc.",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 51.035,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 27.503,
    "architecture_energy": 24.059,
    "architecture_maturity": 20.762,
    "architecture_confidence": 43.122,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 42.33,
        "rotation_up": 48.15,
        "upward_expansion": 48.98,
        "deceleration": 44.08,
        "rotation_down": 25.8,
        "downward_expansion": 9.65
      },
      "activity_lines": [
        63.0,
        62.767273,
        60.441905,
        59.925807
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 62.099998,
    "trend_reference": 60.506667,
    "distance_from_trend": 0.026333,
    "trend_direction": "Weakening",
    "fair_value": 78.900861,
    "distance_from_fair_value": -0.212936,
    "fair_value_direction": "Improving",
    "relative_strength": -32.483298,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.0064,
    "excess_performance": -0.447772,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.026333,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.050925,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.212936,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.105085,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.324833,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.142331,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.0064,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.986255,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2334517,
      "relative_activity": 0.787217,
      "balance": 1.986255,
      "dry_up": 0.97239,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.074074,
      "annualized_volatility": 0.305201,
      "from_high_reference": -0.165323,
      "from_low_reference": 0.171698
    },
    "levels": {
      "trend_reference": 60.506667,
      "fair_value_reference": 78.900861,
      "structural_low": 53.0,
      "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": 2,
        "median_return": -0.052953,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.10526,
        "regime_survival": 0.0,
        "best_return": 0.012739,
        "worst_return": -0.118644,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.232039,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.178193,
        "regime_survival": 0.0,
        "best_return": 0.544586,
        "worst_return": -0.080508,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.093922,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.040837,
        "regime_survival": 0.0,
        "best_return": 0.41242,
        "worst_return": -0.224576,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.393602,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.269445,
        "regime_survival": 0.0,
        "best_return": 0.947022,
        "worst_return": -0.159819,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.124103,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.026005,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.057495,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.111111,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-20",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.114849,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.116183,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.115423,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.03413,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2025-10-31",
        "tenure": "Established",
        "return": -0.166396,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2026-02-06",
        "tenure": "Established",
        "return": -0.080882,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-13",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.05418,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.113636,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.012403,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-14",
        "tenure": "New",
        "return": -0.057663,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
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        "typical_volume": 6330400.0,
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      },
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
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      },
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      },
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        "date": "2026-04-24",
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      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2877472.25,
        "trend": 61.503333,
        "fair_value": 79.151871,
        "relative_strength": -28.113736,
        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 35.062169,
        "energy": 55.538624,
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      },
      {
        "date": "2026-07-31",
        "close": 61.400002,
        "volume": 2800298,
        "typical_volume": 2908538.15,
        "trend": 61.163334,
        "fair_value": 79.051584,
        "relative_strength": -31.151177,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.927936,
        "energy": 44.514212,
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      },
      {
        "date": "2026-08-07",
        "close": 63.700001,
        "volume": 1731207,
        "typical_volume": 2912496.45,
        "trend": 60.89,
        "fair_value": 78.975681,
        "relative_strength": -29.369606,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.24463,
        "energy": 31.002282,
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      },
      {
        "date": "2026-08-14",
        "close": 62.099998,
        "volume": 2334517,
        "typical_volume": 2965532.15,
        "trend": 60.506667,
        "fair_value": 78.900861,
        "relative_strength": -32.483298,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.503074,
        "energy": 24.058699,
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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."
    }
  }
}