{
  "ticker": {
    "uuid": "05b19a6a-9f1c-424b-970c-b0e5be3f8089",
    "symbol": "140710",
    "name": "Samsung Kodex Transportation ETF - Equity",
    "exchange": "KSC",
    "country": "KR",
    "assetType": "etf"
  },
  "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": "2026-08-07",
    "benchmark": "^KS11",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 79.541,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -39.43,
    "architecture_energy": 22.044,
    "architecture_maturity": 32.601,
    "architecture_confidence": 87.356,
    "architecture_tenure": "New",
    "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": 44.61,
        "rotation_up": 23.16,
        "upward_expansion": 13.76,
        "deceleration": 45.42,
        "rotation_down": 36.55,
        "downward_expansion": 63.76
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 6510.0,
    "trend_reference": 6659.521484,
    "distance_from_trend": -0.022452,
    "trend_direction": "Improving",
    "fair_value": 5342.689339,
    "distance_from_fair_value": 0.218487,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.15049,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.016602,
    "excess_performance": -0.246431,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.022452,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.022363,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.218487,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.164115,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.181505,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.205009,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.016602,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.568804,
        "read": "Supply-led"
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    ],
    "volume": {
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      "balance": 0.568804,
      "dry_up": 0.36497,
      "accumulation_observations": 1,
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      "annualized_volatility": 0.327321,
      "from_high_reference": -0.171252,
      "from_low_reference": 0.189204
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      "structural_low": 5680.639608,
      "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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        "sample_count": 18,
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      },
      {
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        "fair_value": 5303.848637,
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      },
      {
        "date": "2026-07-24",
        "close": 6310.728027,
        "volume": 71704,
        "typical_volume": 303461.6,
        "trend": 6635.343034,
        "fair_value": 5316.730768,
        "relative_strength": -27.731198,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 6180.0,
        "volume": 111478,
        "typical_volume": 287867.9,
        "trend": 6646.913379,
        "fair_value": 5329.050614,
        "relative_strength": -27.234264,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -54.394739,
        "energy": 33.845152,
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      },
      {
        "date": "2026-08-07",
        "close": 6510.0,
        "volume": 156727,
        "typical_volume": 278893.65,
        "trend": 6659.521484,
        "fair_value": 5342.689339,
        "relative_strength": -18.15049,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 22.043787,
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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."
    }
  }
}