{
  "ticker": {
    "uuid": "fc274f66-7eee-4cba-a7b7-bf459eb7eae0",
    "symbol": "8027",
    "name": "E&R Engineering 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 93.127,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 0.603,
    "architecture_energy": 21.661,
    "architecture_maturity": 50.213,
    "architecture_confidence": 84.018,
    "architecture_tenure": "Developing",
    "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": 49.12,
        "rotation_up": 14.45,
        "upward_expansion": 42.5,
        "deceleration": 82.38,
        "rotation_down": 45.53,
        "downward_expansion": 36.5
      },
      "activity_lines": [
        180.266667,
        198.172727,
        212.345238,
        197.914194
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 186.5,
    "trend_reference": 173.573333,
    "distance_from_trend": 0.074474,
    "trend_direction": "Improving",
    "fair_value": 104.998849,
    "distance_from_fair_value": 0.77621,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.711349,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.819512,
    "excess_performance": 0.37814,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074474,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.268749,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.77621,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.9349,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.027113,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.624144,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.819512,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.465318,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10967442,
      "relative_activity": 0.341678,
      "balance": 0.465318,
      "dry_up": 0.322568,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.234688,
      "annualized_volatility": 0.894945,
      "from_high_reference": -0.372054,
      "from_low_reference": 1.428385
    },
    "levels": {
      "trend_reference": 173.573333,
      "fair_value_reference": 104.998849,
      "structural_low": 85.800003,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.01626,
        "positive_rate": 0.615385,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.000738,
        "regime_survival": 0.615385,
        "best_return": 0.278075,
        "worst_return": -0.289256,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.044238,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.081692,
        "regime_survival": 0.333333,
        "best_return": 0.295732,
        "worst_return": -0.065206,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.142714,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.052489,
        "regime_survival": 0.25,
        "best_return": 0.615009,
        "worst_return": -0.206042,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.273801,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.185358,
        "regime_survival": 0.0,
        "best_return": 0.654399,
        "worst_return": -0.106798,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-06-23",
        "end": "2023-09-29",
        "tenure": "Established",
        "return": 0.16145,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-06",
        "end": "2023-12-22",
        "tenure": "Developing",
        "return": -0.031348,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "color": "green",
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        "tenure": "Established",
        "return": 0.085949,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-31",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2024-09-20",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2024-11-29",
        "tenure": "Developing",
        "return": -0.16861,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.164038,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
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        "tenure": "Established",
        "return": 0.097291,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.067778,
        "active": false
      },
      {
        "regime": "balance",
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      {
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        "active": true
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 34353216.65,
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      },
      {
        "date": "2026-08-07",
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        "volume": 14020295,
        "typical_volume": 34413981.8,
        "trend": 170.84,
        "fair_value": 104.238235,
        "relative_strength": -1.593119,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.477202,
        "energy": 19.614415,
        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 186.5,
        "volume": 10967442,
        "typical_volume": 32098749.65,
        "trend": 173.573333,
        "fair_value": 104.998849,
        "relative_strength": 2.711349,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}