{
  "ticker": {
    "uuid": "f4526c3c-5542-491f-98a0-ac3419a054b7",
    "symbol": "6903",
    "name": "Jiu Han System Technology 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 85.92,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -25.979,
    "architecture_energy": 48.073,
    "architecture_maturity": 8.099,
    "architecture_confidence": 79.193,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 41.45,
        "rotation_up": 17.05,
        "upward_expansion": 26.09,
        "deceleration": 48.82,
        "rotation_down": 66.24,
        "downward_expansion": 51.09
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      "activity_lines": [
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        356.241386
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "latest_close": 313.5,
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    "distance_from_trend": -0.076236,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.774497,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.850518,
    "relative_strength_direction": "Weakening",
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    "excess_performance": -0.080541,
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        "positive": false,
        "value": -0.076236,
        "read": "Below"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.202231,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.774497,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.617845,
        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.088505,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.470535,
        "read": "Weakening"
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      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.360831,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.849831,
        "read": "Supply-led"
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      "balance": 0.849831,
      "dry_up": 0.492552,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.685222,
      "from_high_reference": -0.290198,
      "from_low_reference": 1.848674
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      "fair_value_reference": 176.669746,
      "structural_low": 231.841236,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "horizon": "Intermediate",
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        "end": "2024-05-31",
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      },
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        "label": "Deceleration",
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        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-02-28",
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        "active": false
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        "regime": "balance",
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        "active": false
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        "regime": "downward_expansion",
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        "active": true
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      },
      {
        "date": "2026-06-12",
        "close": 388.358521,
        "volume": 4304353,
        "typical_volume": 6775382.35,
        "trend": 290.616732,
        "fair_value": 164.479626,
        "relative_strength": 26.877366,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.832026,
        "energy": 37.143172,
        "activity_lines": [
          386.04337,
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      },
      {
        "date": "2026-06-19",
        "close": 384.445587,
        "volume": 3475256,
        "typical_volume": 6578596.9,
        "trend": 298.002392,
        "fair_value": 166.06662,
        "relative_strength": 18.302609,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 6439307.0,
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        "relative_strength": 17.404554,
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        "modifier": "Recompressing",
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        "energy": 27.232712,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 4626024,
        "typical_volume": 6513430.4,
        "trend": 312.878427,
        "fair_value": 169.204798,
        "relative_strength": 21.029591,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.297573,
        "energy": 33.998775,
        "activity_lines": [
          387.499959,
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      },
      {
        "date": "2026-07-10",
        "close": 394.0,
        "volume": 3246653,
        "typical_volume": 6437876.1,
        "trend": 320.566263,
        "fair_value": 170.760111,
        "relative_strength": 20.432095,
        "stage": 2,
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        "modifier": "Recompressing",
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        "activity_lines": [
          390.116646,
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      },
      {
        "date": "2026-07-17",
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        "volume": 5146534,
        "typical_volume": 6391602.6,
        "trend": 326.698679,
        "fair_value": 172.116282,
        "relative_strength": 16.640592,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.057665,
        "energy": 22.016781,
        "activity_lines": [
          381.596372,
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      },
      {
        "date": "2026-07-24",
        "close": 356.0,
        "volume": 2809678,
        "typical_volume": 6034951.95,
        "trend": 331.065558,
        "fair_value": 173.47249,
        "relative_strength": 10.915437,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.160922,
        "energy": 15.791002,
        "activity_lines": [
          372.633333,
          378.348587,
          378.174939,
          360.66931
        ]
      },
      {
        "date": "2026-07-31",
        "close": 297.0,
        "volume": 3566509,
        "typical_volume": 5690975.35,
        "trend": 333.677722,
        "fair_value": 174.453274,
        "relative_strength": -6.93503,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -11.567042,
        "energy": 18.646221,
        "activity_lines": [
          345.9,
          362.974684,
          371.551867,
          358.471532
        ]
      },
      {
        "date": "2026-08-07",
        "close": 322.0,
        "volume": 1780059,
        "typical_volume": 5404849.35,
        "trend": 336.389545,
        "fair_value": 175.583193,
        "relative_strength": -2.407365,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.88785,
        "energy": 28.837707,
        "activity_lines": [
          332.333333,
          353.727262,
          367.404736,
          357.718131
        ]
      },
      {
        "date": "2026-08-14",
        "close": 313.5,
        "volume": 1877611,
        "typical_volume": 5092791.55,
        "trend": 339.372366,
        "fair_value": 176.669746,
        "relative_strength": -8.850518,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.978589,
        "energy": 48.072823,
        "activity_lines": [
          321.4,
          344.140904,
          362.333185,
          356.241386
        ]
      }
    ],
    "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."
    }
  }
}