{
  "ticker": {
    "uuid": "f152a88f-8491-462b-9439-0af042f64893",
    "symbol": "2061",
    "name": "Feng Ching Metal Corporation",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 40.422,
    "architecture_energy": 27.742,
    "architecture_maturity": 77.0,
    "architecture_confidence": 96,
    "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": 30.82,
        "rotation_up": 25.75,
        "upward_expansion": 63.14,
        "deceleration": 91.17,
        "rotation_down": 27.75,
        "downward_expansion": 17.81
      },
      "activity_lines": [
        53.713334,
        57.482727,
        49.28619,
        41.568924
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 50.700001,
    "trend_reference": 32.673333,
    "distance_from_trend": 0.551724,
    "trend_direction": "Improving",
    "fair_value": 21.705579,
    "distance_from_fair_value": 1.335805,
    "fair_value_direction": "Improving",
    "relative_strength": 47.504061,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.801105,
    "excess_performance": 1.359733,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.551724,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.653648,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.335805,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 1.224005,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.475041,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.695941,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.801105,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.237474,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15180786,
      "relative_activity": 1.617042,
      "balance": 2.237474,
      "dry_up": 1.408693,
      "accumulation_observations": 7,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.234335,
      "annualized_volatility": 0.953525,
      "from_high_reference": -0.409091,
      "from_low_reference": 2.38
    },
    "levels": {
      "trend_reference": 32.673333,
      "fair_value_reference": 21.705579,
      "structural_low": 15.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.005102,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.02081,
        "regime_survival": 0.2,
        "best_return": 0.177778,
        "worst_return": -0.119101,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.023055,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.027637,
        "regime_survival": 0.0,
        "best_return": 0.071111,
        "worst_return": -0.182022,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.1321,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.066126,
        "regime_survival": 0.0,
        "best_return": 0.1275,
        "worst_return": -0.178988,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.157778,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.137383,
        "regime_survival": 0.0,
        "best_return": 0.052479,
        "worst_return": -0.412451,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.12156,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.018041,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-03-07",
        "tenure": "Established",
        "return": 0.085,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-21",
        "tenure": "New",
        "return": 0.02439,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.251131,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": -0.016667,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-25",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.116477,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.00505,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-31",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.038462,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": -0.091623,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.211765,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.260047,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.548209,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-14",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-11",
        "close": 18.0,
        "volume": 233000,
        "typical_volume": 465050.0,
        "trend": 21.89,
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        "relative_strength": -28.906257,
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      {
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 20.810067,
        "relative_strength": 85.847917,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 68.53947,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 13617516,
        "typical_volume": 7527170.95,
        "trend": 29.115,
        "fair_value": 21.021605,
        "relative_strength": 64.985717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.278657,
        "energy": 66.369936,
        "activity_lines": [
          61.493332,
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          44.228809,
          36.966344
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      },
      {
        "date": "2026-07-31",
        "close": 55.5,
        "volume": 13724693,
        "typical_volume": 8173105.55,
        "trend": 30.341666,
        "fair_value": 21.259746,
        "relative_strength": 75.44365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.822205,
        "energy": 56.257986,
        "activity_lines": [
          58.639999,
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          46.228095,
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      },
      {
        "date": "2026-08-07",
        "close": 56.200001,
        "volume": 10376221,
        "typical_volume": 8647609.6,
        "trend": 31.603333,
        "fair_value": 21.49949,
        "relative_strength": 70.903826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.601965,
        "energy": 37.250021,
        "activity_lines": [
          56.493333,
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          40.336881
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      },
      {
        "date": "2026-08-14",
        "close": 50.700001,
        "volume": 15180786,
        "typical_volume": 9387997.55,
        "trend": 32.673333,
        "fair_value": 21.705579,
        "relative_strength": 47.504061,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.422024,
        "energy": 27.741967,
        "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."
    }
  }
}