{
  "ticker": {
    "uuid": "ef7b30d8-94e0-4c0c-9500-d63d0d71ced2",
    "symbol": "6156",
    "name": "Song Shang Electronics 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": 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 21.953,
    "architecture_energy": 22.157,
    "architecture_maturity": 33.809,
    "architecture_confidence": 76.456,
    "architecture_tenure": "New",
    "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": 56.13,
        "rotation_up": 20.65,
        "upward_expansion": 53.55,
        "deceleration": 91.03,
        "rotation_down": 41.24,
        "downward_expansion": 21.88
      },
      "activity_lines": [
        21.506667,
        23.037228,
        22.269233,
        21.683428
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 21.700001,
    "trend_reference": 21.220285,
    "distance_from_trend": 0.022606,
    "trend_direction": "Improving",
    "fair_value": 23.617872,
    "distance_from_fair_value": -0.081204,
    "fair_value_direction": "Improving",
    "relative_strength": -28.511447,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.071283,
    "excess_performance": -0.370089,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.022606,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041051,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.081204,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.126714,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.285114,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.176495,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.071283,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.953794,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4647404,
      "relative_activity": 0.486036,
      "balance": 1.953794,
      "dry_up": 0.647842,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.173548,
      "annualized_volatility": 0.504949,
      "from_high_reference": -0.366546,
      "from_low_reference": 0.224324
    },
    "levels": {
      "trend_reference": 21.220285,
      "fair_value_reference": 23.617872,
      "structural_low": 17.724073,
      "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": 17,
        "median_return": -0.023971,
        "positive_rate": 0.352941,
        "directional_follow_through": 0.352941,
        "median_excess_return": -0.049271,
        "regime_survival": 0.470588,
        "best_return": 0.098507,
        "worst_return": -0.143227,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.047038,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.012255,
        "regime_survival": 0.111111,
        "best_return": 0.376119,
        "worst_return": -0.184946,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.109638,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.015203,
        "regime_survival": 0.142857,
        "best_return": 0.356923,
        "worst_return": -0.174379,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.255181,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.215915,
        "regime_survival": 0.25,
        "best_return": 0.403714,
        "worst_return": -0.340858,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": -0.097978,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.06446,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.019231,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.067151,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.049917,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.052632,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.058824,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-08-22",
        "tenure": "Established",
        "return": -0.169374,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-01-02",
        "tenure": "Established",
        "return": -0.060291,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "return": -0.11086,
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      },
      {
        "regime": "downward_expansion",
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        "end": "2026-06-12",
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        "return": 0.040506,
        "active": false
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      {
        "regime": "rotation_up",
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      {
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        "active": true
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    ],
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      },
      {
        "date": "2026-07-24",
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        "energy": 46.357824,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 9150025.6,
        "trend": 21.289773,
        "fair_value": 23.596206,
        "relative_strength": -30.164459,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 30.664175,
        "energy": 17.563576,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 20.6,
        "volume": 6536362,
        "typical_volume": 9393975.95,
        "trend": 21.228421,
        "fair_value": 23.605657,
        "relative_strength": -30.784663,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 19.336077,
        "energy": 19.406131,
        "activity_lines": [
          21.943992,
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      },
      {
        "date": "2026-08-14",
        "close": 21.700001,
        "volume": 4647404,
        "typical_volume": 9561856.9,
        "trend": 21.220285,
        "fair_value": 23.617872,
        "relative_strength": -28.511447,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.952778,
        "energy": 22.156958,
        "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."
    }
  }
}