{
  "ticker": {
    "uuid": "ee825f93-e7a5-46e1-a866-a7c7a5bdfaee",
    "symbol": "8067",
    "name": "Gish International Co., Ltd",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -50.591,
    "architecture_energy": 23.401,
    "architecture_maturity": 18.384,
    "architecture_confidence": 93.916,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 45.69,
        "rotation_up": 19.08,
        "upward_expansion": 1.21,
        "deceleration": 50.23,
        "rotation_down": 44.0,
        "downward_expansion": 72.21
      },
      "activity_lines": [
        12.966667,
        13.052727,
        13.126667,
        13.365269
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": -0.5
    },
    "latest_close": 12.5,
    "trend_reference": 13.721667,
    "distance_from_trend": -0.089032,
    "trend_direction": "Weakening",
    "fair_value": 15.366026,
    "distance_from_fair_value": -0.186517,
    "fair_value_direction": "Weakening",
    "relative_strength": -36.313632,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.134948,
    "excess_performance": -0.57632,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089032,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.036738,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.186517,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.00449,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.363136,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030173,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.134948,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.312227,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 103148,
      "relative_activity": 1.754749,
      "balance": 0.312227,
      "dry_up": 1.408564,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.143692,
      "annualized_volatility": 0.322486,
      "from_high_reference": -0.347258,
      "from_low_reference": 0.059322
    },
    "levels": {
      "trend_reference": 13.721667,
      "fair_value_reference": 15.366026,
      "structural_low": 11.9,
      "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": 22,
        "median_return": -0.037904,
        "positive_rate": 0.318182,
        "directional_follow_through": 0.318182,
        "median_excess_return": -0.028364,
        "regime_survival": 0.636364,
        "best_return": 0.341912,
        "worst_return": -0.075908,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.071429,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.080773,
        "regime_survival": 0.333333,
        "best_return": 0.391941,
        "worst_return": -0.145714,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.110476,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.144519,
        "regime_survival": 0.428571,
        "best_return": 0.216117,
        "worst_return": -0.214286,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.172916,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.213547,
        "regime_survival": 0.0,
        "best_return": 0.380952,
        "worst_return": -0.195238,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.167089,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.095652,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.005435,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.068681,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.048257,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.044944,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-10-03",
        "tenure": "Extended",
        "return": -0.284024,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-10",
        "end": "2025-10-31",
        "tenure": "New",
        "return": -0.071651,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-11-21",
        "tenure": "New",
        "return": 0.058394,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.069686,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.047782,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": -0.079585,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-01",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.003876,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": -0.056604,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
        "close": 12.8,
        "volume": 79000,
        "typical_volume": 57950.0,
        "trend": 15.024238,
        "fair_value": 16.123602,
        "relative_strength": -23.070589,
        "stage": 4,
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        "energy": 77.432922,
        "activity_lines": [
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      },
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        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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          14.364946
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      },
      {
        "date": "2026-05-08",
        "close": 13.15,
        "volume": 9014,
        "typical_volume": 36395.55,
        "trend": 14.561667,
        "fair_value": 15.479167,
        "relative_strength": -38.38412,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.774278,
        "energy": 63.171281,
        "activity_lines": [
          13.15,
          13.615455,
          14.082381,
          14.276129
        ]
      },
      {
        "date": "2026-05-15",
        "close": 12.65,
        "volume": 22602,
        "typical_volume": 36975.4,
        "trend": 14.448333,
        "fair_value": 15.465064,
        "relative_strength": -39.330919,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.963836,
        "energy": 62.71473,
        "activity_lines": [
          12.943333,
          13.373636,
          13.91881,
          14.152796
        ]
      },
      {
        "date": "2026-05-22",
        "close": 13.65,
        "volume": 123394,
        "typical_volume": 42545.1,
        "trend": 14.351667,
        "fair_value": 15.458974,
        "relative_strength": -35.475152,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.138264,
        "energy": 38.674563,
        "activity_lines": [
          13.16,
          13.348182,
          13.861429,
          14.10129
        ]
      },
      {
        "date": "2026-05-29",
        "close": 13.5,
        "volume": 56003,
        "typical_volume": 43807.0,
        "trend": 14.301667,
        "fair_value": 15.451603,
        "relative_strength": -38.858155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.403699,
        "energy": 28.940247,
        "activity_lines": [
          13.283333,
          13.322727,
          13.794286,
          14.046344
        ]
      },
      {
        "date": "2026-06-05",
        "close": 13.2,
        "volume": 79098,
        "typical_volume": 41395.85,
        "trend": 14.245,
        "fair_value": 15.441026,
        "relative_strength": -39.830825,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.750666,
        "energy": 23.296672,
        "activity_lines": [
          13.293333,
          13.258182,
          13.704524,
          13.975269
        ]
      },
      {
        "date": "2026-06-12",
        "close": 13.0,
        "volume": 192907,
        "typical_volume": 48714.2,
        "trend": 14.221667,
        "fair_value": 15.430769,
        "relative_strength": -38.617223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.556165,
        "energy": 21.218415,
        "activity_lines": [
          13.216667,
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          13.605952,
          13.894946
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      },
      {
        "date": "2026-06-19",
        "close": 12.8,
        "volume": 66350,
        "typical_volume": 46774.05,
        "trend": 14.143333,
        "fair_value": 15.41859,
        "relative_strength": -41.768504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.018539,
        "energy": 28.804426,
        "activity_lines": [
          13.083333,
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          13.49619,
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      },
      {
        "date": "2026-06-26",
        "close": 13.75,
        "volume": 64145,
        "typical_volume": 47173.4,
        "trend": 14.118333,
        "fair_value": 15.411859,
        "relative_strength": -33.94289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.121204,
        "energy": 19.62335,
        "activity_lines": [
          13.256667,
          13.227273,
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          13.777849
        ]
      },
      {
        "date": "2026-07-03",
        "close": 13.45,
        "volume": 55404,
        "typical_volume": 45649.8,
        "trend": 14.088333,
        "fair_value": 15.402244,
        "relative_strength": -37.678424,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.515279,
        "energy": 17.369886,
        "activity_lines": [
          13.323333,
          13.274545,
          13.448095,
          13.734731
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      },
      {
        "date": "2026-07-10",
        "close": 12.85,
        "volume": 48000,
        "typical_volume": 47749.8,
        "trend": 14.021667,
        "fair_value": 15.391026,
        "relative_strength": -37.814882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.366129,
        "energy": 23.046051,
        "activity_lines": [
          13.193333,
          13.21,
          13.357857,
          13.654839
        ]
      },
      {
        "date": "2026-07-17",
        "close": 13.25,
        "volume": 19136,
        "typical_volume": 47415.95,
        "trend": 13.981667,
        "fair_value": 15.383013,
        "relative_strength": -30.991051,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.306918,
        "energy": 15.040922,
        "activity_lines": [
          13.22,
          13.219091,
          13.318571,
          13.605054
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.65,
        "volume": 134693,
        "typical_volume": 53126.25,
        "trend": 13.905,
        "fair_value": 15.370513,
        "relative_strength": -34.78699,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.352302,
        "energy": 24.927887,
        "activity_lines": [
          13.03,
          13.117273,
          13.228571,
          13.51914
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.35,
        "volume": 23000,
        "typical_volume": 52019.75,
        "trend": 13.863333,
        "fair_value": 15.369551,
        "relative_strength": -29.525898,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.212365,
        "energy": 21.322234,
        "activity_lines": [
          13.083333,
          13.142727,
          13.214286,
          13.483333
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.35,
        "volume": 70353,
        "typical_volume": 53774.9,
        "trend": 13.816667,
        "fair_value": 15.365705,
        "relative_strength": -30.473471,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.284791,
        "energy": 17.827492,
        "activity_lines": [
          13.163333,
          13.173636,
          13.208571,
          13.450215
        ]
      },
      {
        "date": "2026-08-14",
        "close": 12.5,
        "volume": 103148,
        "typical_volume": 58782.2,
        "trend": 13.721667,
        "fair_value": 15.366026,
        "relative_strength": -36.313632,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.590956,
        "energy": 23.400606,
        "activity_lines": [
          12.966667,
          13.052727,
          13.126667,
          13.365269
        ]
      }
    ],
    "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."
    }
  }
}