{ "ticker": { "uuid": "e910024c-7576-41e1-8dab-7f31f905a104", "symbol": "2905", "name": "Mercuries & Associates Holding, 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 66.161, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 79.045, "architecture_energy": 83.477, "architecture_maturity": 21.159, "architecture_confidence": 61.257, "architecture_tenure": "Developing", "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": 15.62, "rotation_up": 83.8, "upward_expansion": 96.53, "deceleration": 39.32, "rotation_down": 8.62, "downward_expansion": 18.53 }, "activity_lines": [ 16.653333, 16.110909, 15.319762, 15.096237 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 17.1, "trend_reference": 15.006667, "distance_from_trend": 0.139494, "trend_direction": "Improving", "fair_value": 14.443422, "distance_from_fair_value": 0.18393, "fair_value_direction": "Improving", "relative_strength": -16.322894, "relative_strength_direction": "Improving", "price_momentum": 0.117647, "excess_performance": -0.323725, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.139494, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.000111, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.18393, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.275482, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.163229, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.197415, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.117647, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.989289, "read": "Demand-led" } ], "volume": { "latest": 5840651, "relative_activity": 1.447497, "balance": 2.989289, "dry_up": 1.668528, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.053981, "annualized_volatility": 0.278397, "from_high_reference": -0.014409, "from_low_reference": 0.464875 }, "levels": { "trend_reference": 15.006667, "fair_value_reference": 14.443422, "structural_low": 13.05, "invalidation": "A 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"trend": 14.956667, "fair_value": 14.370591, "relative_strength": -26.039823, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.477612, "energy": 45.639028, "activity_lines": [ 15.12, 14.723636, 14.456905, 14.629355 ] }, { "date": "2026-07-17", "close": 15.2, "volume": 4869621, "typical_volume": 3690135.05, "trend": 14.91, "fair_value": 14.377104, "relative_strength": -21.868292, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.837877, "energy": 45.39829, "activity_lines": [ 15.166667, 14.877273, 14.518333, 14.645054 ] }, { "date": "2026-07-24", "close": 16.1, "volume": 6785030, "typical_volume": 3779762.1, "trend": 14.898333, "fair_value": 14.388773, "relative_strength": -18.608713, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.497049, "energy": 61.392091, "activity_lines": [ 15.493333, 15.166364, 14.671667, 14.721828 ] }, { "date": "2026-07-31", "close": 17.1, "volume": 7881931, "typical_volume": 3993376.7, "trend": 14.938333, "fair_value": 14.408689, "relative_strength": -12.064807, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.483376, "energy": 75.873964, "activity_lines": [ 16.09, 15.581818, 14.918095, 14.863871 ] }, { "date": "2026-08-07", "close": 16.4, "volume": 6422430, "typical_volume": 3936245.6, "trend": 14.96, "fair_value": 14.423506, "relative_strength": -17.295487, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.52891, "energy": 66.506926, "activity_lines": [ 16.3, 15.807273, 15.090952, 14.958172 ] }, { "date": "2026-08-14", "close": 17.1, "volume": 5840651, "typical_volume": 4035000.75, "trend": 15.006667, "fair_value": 14.443422, "relative_strength": -16.322894, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.04458, "energy": 83.476946, "activity_lines": [ 16.653333, 16.110909, 15.319762, 15.096237 ] } ], "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." } } }