{
  "ticker": {
    "uuid": "ed175f2d-9c00-4ea4-a922-80d309282acf",
    "symbol": "2911",
    "name": "Les Enphants 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 15.822,
    "architecture_energy": 15.687,
    "architecture_maturity": 62.854,
    "architecture_confidence": 72.359,
    "architecture_tenure": "New",
    "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": 63.25,
        "rotation_up": 18.55,
        "upward_expansion": 45.19,
        "deceleration": 87.4,
        "rotation_down": 30.45,
        "downward_expansion": 23.19
      },
      "activity_lines": [
        6.913333,
        7.165636,
        7.198143,
        6.773505
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 7.0,
    "trend_reference": 6.228333,
    "distance_from_trend": 0.123896,
    "trend_direction": "Improving",
    "fair_value": 8.0124,
    "distance_from_fair_value": -0.126354,
    "fair_value_direction": "Improving",
    "relative_strength": -9.097673,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.39165,
    "excess_performance": -0.049722,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.123896,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.166864,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.126354,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.22294,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.090977,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.165355,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.39165,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.571282,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 752656,
      "relative_activity": 0.495867,
      "balance": 0.571282,
      "dry_up": 0.486556,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.151319,
      "annualized_volatility": 0.729719,
      "from_high_reference": -0.333333,
      "from_low_reference": 0.647059
    },
    "levels": {
      "trend_reference": 6.228333,
      "fair_value_reference": 8.0124,
      "structural_low": 4.59,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.022753,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.008622,
        "regime_survival": 0.333333,
        "best_return": 0.042373,
        "worst_return": -0.03944,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.020325,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.04608,
        "regime_survival": 0.25,
        "best_return": 0.016973,
        "worst_return": -0.097964,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.124682,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.075349,
        "regime_survival": 0.0,
        "best_return": 0.00419,
        "worst_return": -0.204743,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.188488,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.277067,
        "regime_survival": 0.0,
        "best_return": -0.057252,
        "worst_return": -0.319724,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-02",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": -0.190868,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-05",
        "end": "2024-07-12",
        "tenure": "New",
        "return": -0.069658,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.014474,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.085188,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.022624,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.101357,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.075884,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-09-12",
        "tenure": "Extended",
        "return": -0.43418,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.177694,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.086047,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-02",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.088652,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.084314,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2026-08-14",
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        "return": -0.008499,
        "active": true
      }
    ],
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      },
      {
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1407878.65,
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        "fair_value": 8.182279,
        "relative_strength": -2.938302,
        "stage": 1,
        "regime": "upward_expansion",
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        "gate": "up",
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        "energy": 26.533707,
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      },
      {
        "date": "2026-07-24",
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        "volume": 921294,
        "typical_volume": 1447202.15,
        "trend": 6.055667,
        "fair_value": 8.138504,
        "relative_strength": -5.470248,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 38.381364,
        "energy": 24.417473,
        "activity_lines": [
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          6.631204
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      },
      {
        "date": "2026-07-31",
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        "volume": 781055,
        "typical_volume": 1476499.05,
        "trend": 6.125,
        "fair_value": 8.095354,
        "relative_strength": -7.864449,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.901829,
        "energy": 20.512818,
        "activity_lines": [
          7.137333,
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          7.149,
          6.676
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.8,
        "volume": 499088,
        "typical_volume": 1485750.8,
        "trend": 6.163667,
        "fair_value": 8.05288,
        "relative_strength": -8.933084,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.789352,
        "energy": 21.453142,
        "activity_lines": [
          6.952,
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          7.168095,
          6.719548
        ]
      },
      {
        "date": "2026-08-14",
        "close": 7.0,
        "volume": 752656,
        "typical_volume": 1517859.45,
        "trend": 6.228333,
        "fair_value": 8.0124,
        "relative_strength": -9.097673,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.821844,
        "energy": 15.687071,
        "activity_lines": [
          6.913333,
          7.165636,
          7.198143,
          6.773505
        ]
      }
    ],
    "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."
    }
  }
}