{
  "ticker": {
    "uuid": "00c46d5d-2ab4-4373-9484-bd42ca19e3ff",
    "symbol": "014280",
    "name": "Kumkang Kind Co., Ltd.",
    "exchange": "KSC",
    "country": "KR",
    "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": "2026-10-09",
    "benchmark": "^KS11",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 69.654,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -1.286,
    "architecture_energy": 10.628,
    "architecture_maturity": 8.012,
    "architecture_confidence": 48.075,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 50.38,
        "rotation_up": 37.42,
        "upward_expansion": 37.43,
        "deceleration": 29.52,
        "rotation_down": 18.2,
        "downward_expansion": 41.1
      },
      "activity_lines": [
        4539.666667,
        4471.0,
        4334.666667,
        4428.376344
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 4605.0,
    "trend_reference": 4605.666667,
    "distance_from_trend": -0.000145,
    "trend_direction": "Weakening",
    "fair_value": 4872.721578,
    "distance_from_fair_value": -0.054943,
    "fair_value_direction": "Improving",
    "relative_strength": -26.680675,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.132768,
    "excess_performance": -0.263691,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.000145,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.088588,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.054943,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.13522,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.266807,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.259682,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.132768,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.054487,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 493340,
      "relative_activity": 0.465436,
      "balance": 6.054487,
      "dry_up": 3.22095,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.096968,
      "annualized_volatility": 0.432858,
      "from_high_reference": -0.447075,
      "from_low_reference": 0.247967
    },
    "levels": {
      "trend_reference": 4605.666667,
      "fair_value_reference": 4872.721578,
      "structural_low": 3690.0,
      "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": 13,
        "median_return": 0.04685,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.033366,
        "regime_survival": 0.538462,
        "best_return": 0.12357,
        "worst_return": -0.104273,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.132159,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.018546,
        "regime_survival": 0.0,
        "best_return": 0.178746,
        "worst_return": -0.132472,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.092216,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.130478,
        "regime_survival": 0.0,
        "best_return": 0.301662,
        "worst_return": -0.049131,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.114501,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.22224,
        "regime_survival": 0.25,
        "best_return": 0.517579,
        "worst_return": -0.288866,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-04-19",
        "tenure": "New",
        "return": -0.053381,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-26",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": -0.005628,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-31",
        "end": "2025-01-31",
        "tenure": "Extended",
        "return": -0.174645,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.040718,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
        "return": -0.076923,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.060573,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-08-22",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.00813,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "color": "violet",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "active": true
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      {
        "date": "2026-09-18",
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        "fair_value": 4885.007276,
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      },
      {
        "date": "2026-09-25",
        "close": 4365.0,
        "volume": 1302103,
        "typical_volume": 588674.55,
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        "stage": 4,
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      },
      {
        "date": "2026-10-02",
        "close": 4630.0,
        "volume": 11257763,
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        "trend": 4621.166667,
        "fair_value": 4876.018074,
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        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 9.21093,
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      },
      {
        "date": "2026-10-09",
        "close": 4605.0,
        "volume": 493340,
        "typical_volume": 1059953.0,
        "trend": 4605.666667,
        "fair_value": 4872.721578,
        "relative_strength": -26.680675,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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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."
    }
  }
}