{
  "ticker": {
    "uuid": "f539982d-8d2e-4f3d-af91-af9b6eb2b299",
    "symbol": "8279",
    "name": "Syngen Biotech 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -69.243,
    "architecture_energy": 57.086,
    "architecture_maturity": 86.41,
    "architecture_confidence": 96,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 5.76,
        "rotation_up": 28.59,
        "upward_expansion": 9.65,
        "deceleration": 58.89,
        "rotation_down": 54.78,
        "downward_expansion": 85.31
      },
      "activity_lines": [
        87.933333,
        88.336172,
        90.147344,
        93.542377
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 87.199997,
    "trend_reference": 99.674387,
    "distance_from_trend": -0.125151,
    "trend_direction": "Weakening",
    "fair_value": 122.150768,
    "distance_from_fair_value": -0.286128,
    "fair_value_direction": "Weakening",
    "relative_strength": -44.05105,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.294679,
    "excess_performance": -0.736051,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.125151,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.088838,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.286128,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.007407,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.440511,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.0307,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.294679,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.361261,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 19082,
      "relative_activity": 0.222854,
      "balance": 0.361261,
      "dry_up": 0.455726,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.036368,
      "annualized_volatility": 0.142117,
      "from_high_reference": -0.347203,
      "from_low_reference": 0.010429
    },
    "levels": {
      "trend_reference": 99.674387,
      "fair_value_reference": 122.150768,
      "structural_low": 86.300003,
      "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": 24,
        "median_return": -0.008149,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.025069,
        "regime_survival": 0.833333,
        "best_return": 0.165975,
        "worst_return": -0.099099,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.017106,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.037228,
        "regime_survival": 0.625,
        "best_return": 0.318229,
        "worst_return": -0.118182,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.031192,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.123432,
        "regime_survival": 0.25,
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        "worst_return": -0.051205,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.179168,
        "sufficient": false
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        "regime": "upward_expansion",
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        "regime": "rotation_down",
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        "date": "2026-05-01",
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      {
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      },
      {
        "date": "2026-07-10",
        "close": 88.0,
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 88.0,
        "volume": 26000,
        "typical_volume": 100249.85,
        "trend": 102.053335,
        "fair_value": 123.346466,
        "relative_strength": -43.389907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.325869,
        "energy": 67.942589,
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          88.153333,
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          91.893359,
          96.111206
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      },
      {
        "date": "2026-07-31",
        "close": 87.800003,
        "volume": 61005,
        "typical_volume": 89783.8,
        "trend": 101.253686,
        "fair_value": 122.946618,
        "relative_strength": -42.020553,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.599712,
        "energy": 62.234589,
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          87.913334,
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      },
      {
        "date": "2026-08-07",
        "close": 89.0,
        "volume": 50000,
        "typical_volume": 88326.75,
        "trend": 100.509826,
        "fair_value": 122.554462,
        "relative_strength": -41.793295,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.292984,
        "energy": 57.532709,
        "activity_lines": [
          88.226667,
          88.78,
          90.728948,
          94.401076
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      },
      {
        "date": "2026-08-14",
        "close": 87.199997,
        "volume": 19082,
        "typical_volume": 85625.45,
        "trend": 99.674387,
        "fair_value": 122.150768,
        "relative_strength": -44.05105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.243188,
        "energy": 57.085754,
        "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."
    }
  }
}