{ "ticker": { "uuid": "fdd82420-b2a0-46a9-87c7-cd76c7a94212", "symbol": "2393", "name": "Everlight Electronics 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 72.477, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.119, "architecture_energy": 14.783, "architecture_maturity": 38.881, "architecture_confidence": 75.779, "architecture_tenure": "Established", "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": 46.76, "rotation_up": 34.86, "upward_expansion": 49.47, "deceleration": 81.72, "rotation_down": 28.49, "downward_expansion": 26.8 }, "activity_lines": [ 62.407804, 62.349445, 62.597607, 62.487731 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 64.699997, "trend_reference": 61.180163, "distance_from_trend": 0.057532, "trend_direction": "Improving", "fair_value": 57.823683, "distance_from_fair_value": 0.118919, "fair_value_direction": "Improving", "relative_strength": -18.362719, "relative_strength_direction": "Improving", "price_momentum": 0.211943, "excess_performance": -0.13379, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.057532, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0776, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.118919, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038528, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.183627, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.141382, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.211943, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.52433, "read": "Demand-led" } ], "volume": { "latest": 10380852, "relative_activity": 0.704512, "balance": 1.52433, "dry_up": 1.142646, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.069813, "annualized_volatility": 0.373693, "from_high_reference": -0.069228, "from_low_reference": 0.401765 }, "levels": { "trend_reference": 61.180163, "fair_value_reference": 57.823683, "structural_low": 51.902439, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.042286, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.007248, "regime_survival": 0.666667, "best_return": 0.096634, "worst_return": -0.122857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.002141, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.042983, "regime_survival": 0.0, "best_return": 0.090674, "worst_return": -0.022857, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.009067, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.057062, "regime_survival": 0.0, "best_return": 0.072805, "worst_return": -0.058095, 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"activity_lines": [ 60.991544, 62.159911, 62.669546, 61.997104 ] }, { "date": "2026-08-07", "close": 60.900002, "volume": 23954316, "typical_volume": 14606561.2, "trend": 60.383171, "fair_value": 57.521802, "relative_strength": -23.382379, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.453374, "energy": 14.925286, "activity_lines": [ 60.604716, 61.901729, 62.439419, 62.051592 ] }, { "date": "2026-08-14", "close": 63.200001, "volume": 18141073, "typical_volume": 14641649.9, "trend": 60.756667, "fair_value": 57.667007, "relative_strength": -22.227095, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.411472, "energy": 14.479657, "activity_lines": [ 61.169432, 62.007672, 62.444192, 62.233323 ] }, { "date": "2026-08-21", "close": 64.699997, "volume": 10380852, "typical_volume": 14734820.1, "trend": 61.180163, "fair_value": 57.823683, "relative_strength": -18.362719, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.118852, "energy": 14.783234, "activity_lines": [ 62.407804, 62.349445, 62.597607, 62.487731 ] } ], "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." } } }