{
  "ticker": {
    "uuid": "e9209ee1-ff9f-4785-97a0-679b2a37caad",
    "symbol": "6610",
    "name": "TWi Biotechnology, 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 24.021,
    "architecture_energy": 12.91,
    "architecture_maturity": 39.601,
    "architecture_confidence": 58.537,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 58.5,
        "rotation_up": 29.78,
        "upward_expansion": 49.63,
        "deceleration": 74.61,
        "rotation_down": 22.3,
        "downward_expansion": 22.96
      },
      "activity_lines": [
        26.846667,
        27.019312,
        27.094697,
        26.071958
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 27.15,
    "trend_reference": 24.610748,
    "distance_from_trend": 0.103177,
    "trend_direction": "Improving",
    "fair_value": 17.658113,
    "distance_from_fair_value": 0.537537,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.640228,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.251152,
    "excess_performance": -0.19022,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.103177,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.082346,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.537537,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.159079,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.226402,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.129462,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.251152,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.43655,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 765967,
      "relative_activity": 0.403859,
      "balance": 0.43655,
      "dry_up": 0.841574,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.104572,
      "annualized_volatility": 0.627236,
      "from_high_reference": -0.335373,
      "from_low_reference": 1.11284
    },
    "levels": {
      "trend_reference": 24.610748,
      "fair_value_reference": 17.658113,
      "structural_low": 18.700001,
      "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": 7,
        "median_return": -0.02093,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.078937,
        "regime_survival": 0.571429,
        "best_return": 0.035727,
        "worst_return": -0.105747,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.001725,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.027378,
        "regime_survival": 0.333333,
        "best_return": 0.18883,
        "worst_return": -0.154023,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.127176,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.215323,
        "regime_survival": 0.0,
        "best_return": 0.406915,
        "worst_return": -0.152564,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.384771,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.686548,
        "regime_survival": 0.0,
        "best_return": -0.384771,
        "worst_return": -0.384771,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": -0.054348,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.033582,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.087591,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.241667,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.139319,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.121884,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.031915,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.295732,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.278061,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-05-29",
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        "return": -0.160436,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-06-19",
        "tenure": "New",
        "return": 0.017013,
        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
        "return": 0.026465,
        "active": true
      }
    ],
    "chart_path": [
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      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1847503.35,
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        "fair_value": 17.496814,
        "relative_strength": -20.02171,
        "stage": 3,
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        "modifier": "Recompressing",
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        "direction": 44.554713,
        "energy": 24.744034,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 26.65,
        "volume": 2010867,
        "typical_volume": 1903584.6,
        "trend": 23.920748,
        "fair_value": 17.546687,
        "relative_strength": -20.038002,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 44.258459,
        "energy": 24.754418,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 26.4,
        "volume": 736272,
        "typical_volume": 1899674.9,
        "trend": 24.240748,
        "fair_value": 17.602343,
        "relative_strength": -22.434884,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.102218,
        "energy": 13.118132,
        "activity_lines": [
          26.854829,
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      },
      {
        "date": "2026-08-14",
        "close": 27.15,
        "volume": 765967,
        "typical_volume": 1896621.15,
        "trend": 24.610748,
        "fair_value": 17.658113,
        "relative_strength": -22.640228,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.021302,
        "energy": 12.909771,
        "activity_lines": [
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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."
    }
  }
}