{ "ticker": { "uuid": "f02b7198-c661-44bb-a9b7-5aebea1b3326", "symbol": "2106", "name": "Kenda Rubber Industrial 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": "2026-08-21", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 49.3, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 22.339, "architecture_energy": 15.607, "architecture_maturity": 11.2, "architecture_confidence": 49.448, "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": 52.85, "rotation_up": 43.9, "upward_expansion": 47.18, "deceleration": 43.28, "rotation_down": 25.9, "downward_expansion": 7.84 }, "activity_lines": [ 17.776666, 17.757272, 17.445209, 17.44291 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 17.65, "trend_reference": 17.656681, "distance_from_trend": -0.000378, "trend_direction": "Weakening", "fair_value": 23.760029, "distance_from_fair_value": -0.257156, "fair_value_direction": "Improving", "relative_strength": -31.416882, "relative_strength_direction": "Improving", "price_momentum": -0.074899, "excess_performance": -0.420631, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.000378, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.033208, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.257156, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.085858, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.314169, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.147977, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.074899, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.619025, "read": "Demand-led" } ], "volume": { "latest": 7087694, "relative_activity": 1.531369, "balance": 1.619025, "dry_up": 1.64894, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.055983, "annualized_volatility": 0.228597, "from_high_reference": -0.15977, "from_low_reference": 0.116891 }, "levels": { "trend_reference": 17.656681, "fair_value_reference": 23.760029, 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"direction": -1.360499, "energy": 17.803235, "activity_lines": [ 17.713333, 17.474018, 17.212571, 17.418182 ] }, { "date": "2026-07-31", "close": 18.15, "volume": 9449824, "typical_volume": 4261815.1, "trend": 17.767096, "fair_value": 23.925722, "relative_strength": -29.536128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.8293, "energy": 32.04334, "activity_lines": [ 17.906667, 17.645521, 17.303644, 17.440681 ] }, { "date": "2026-08-07", "close": 18.049999, "volume": 5116499, "typical_volume": 4295564.6, "trend": 17.742432, "fair_value": 23.872414, "relative_strength": -30.51591, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.557692, "energy": 36.315518, "activity_lines": [ 17.98, 17.761421, 17.382505, 17.458933 ] }, { "date": "2026-08-14", "close": 17.549999, "volume": 8873389, "typical_volume": 4538007.8, "trend": 17.70592, "fair_value": 23.817331, "relative_strength": -33.70299, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.38473, "energy": 16.715505, "activity_lines": [ 17.866666, 17.751685, 17.409699, 17.446517 ] }, { "date": "2026-08-21", "close": 17.65, "volume": 7087694, "typical_volume": 4628337.3, "trend": 17.656681, "fair_value": 23.760029, "relative_strength": -31.416882, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.339396, "energy": 15.607484, "activity_lines": [ 17.776666, 17.757272, 17.445209, 17.44291 ] } ], "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." } } }