{ "ticker": { "uuid": "09772cba-919e-4891-a3d9-8eea52d553e9", "symbol": "000860", "name": "Kangnam Jevisco 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": "2026-08-21", "benchmark": "^KS11", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.653, "architecture_energy": 59.666, "architecture_maturity": 37.541, "architecture_confidence": 95.569, "architecture_tenure": "Developing", "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": 4.89, "rotation_up": 24.51, "upward_expansion": 11.36, "deceleration": 44.44, "rotation_down": 57.9, "downward_expansion": 87.03 }, "activity_lines": [ 12129.333333, 12329.090909, 12915.333333, 13554.5281 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 11950.0, "trend_reference": 14509.355859, "distance_from_trend": -0.176393, "trend_direction": "Weakening", "fair_value": 12401.909605, "distance_from_fair_value": -0.036439, "fair_value_direction": "Weakening", "relative_strength": -35.128296, "relative_strength_direction": "Improving", "price_momentum": -0.354964, "excess_performance": -0.545102, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.176393, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026119, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.036439, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.296538, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.351283, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.0452, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.354964, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.594089, "read": "Supply-led" } ], "volume": { "latest": 96531, "relative_activity": 1.125716, "balance": 0.594089, "dry_up": 1.076268, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.077953, "annualized_volatility": 0.468764, "from_high_reference": -0.358039, "from_low_reference": 0.09093 }, "levels": { "trend_reference": 14509.355859, "fair_value_reference": 12401.909605, "structural_low": 11490.0, "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": 21, "median_return": -0.004107, "positive_rate": 0.47619, "directional_follow_through": 0.52381, "median_excess_return": -0.008494, "regime_survival": 0.714286, "best_return": 0.155391, "worst_return": -0.095904, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.011144, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.007398, "regime_survival": 0.375, "best_return": 0.128628, "worst_return": -0.081633, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.036703, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.015579, "regime_survival": 0.2, "best_return": 0.120482, "worst_return": -0.035294, "sufficient": true 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"energy": 63.705339, "activity_lines": [ 12290.0, 12439.636364, 13083.095238, 13730.630679 ] }, { "date": "2026-08-21", "close": 11950.0, "volume": 96531, "typical_volume": 85750.75, "trend": 14509.355859, "fair_value": 12401.909605, "relative_strength": -35.128296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.653216, "energy": 59.665647, "activity_lines": [ 12129.333333, 12329.090909, 12915.333333, 13554.5281 ] } ], "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." } } }