{ "ticker": { "uuid": "0b836e46-621c-48f2-b6bb-079da4ad4b50", "symbol": "2837", "name": "Global X ETF Series - Global X Hang Seng TECH ETF", "exchange": "HKG", "country": "HK", "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": "^HSI", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -19.028, "architecture_energy": 15.74, "architecture_maturity": 99.299, "architecture_confidence": 65.651, "architecture_tenure": "Established", "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": 49.56, "rotation_up": 36.28, "upward_expansion": 22.17, "deceleration": 41.06, "rotation_down": 20.21, "downward_expansion": 53.84 }, "activity_lines": [ 5.888667, 5.781818, 5.84231, 5.921688 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 6.01, "trend_reference": 6.109833, "distance_from_trend": -0.01634, "trend_direction": "Weakening", "fair_value": 5.664494, "distance_from_fair_value": 0.060995, "fair_value_direction": "Weakening", "relative_strength": -8.082169, "relative_strength_direction": "Improving", "price_momentum": -0.086626, "excess_performance": -0.053045, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01634, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.060844, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.060995, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.063844, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.080822, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015832, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.086626, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.448342, "read": "Supply-led" } ], "volume": { "latest": 923100, "relative_activity": 0.638464, "balance": 0.448342, "dry_up": 1.01915, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.050685, "annualized_volatility": 0.228328, "from_high_reference": -0.272397, "from_low_reference": 0.14914 }, "levels": { "trend_reference": 6.109833, "fair_value_reference": 5.664494, "structural_low": 5.23, 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1522118.0, "trend": 6.1785, "fair_value": 5.656385, "relative_strength": -10.562589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.095478, "energy": 33.595291, "activity_lines": [ 5.686667, 5.697364, 5.824119, 5.943688 ] }, { "date": "2026-07-31", "close": 5.97, "volume": 1016800, "typical_volume": 1498488.0, "trend": 6.1425, "fair_value": 5.659429, "relative_strength": -9.69983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.426378, "energy": 18.043927, "activity_lines": [ 5.804667, 5.735727, 5.830952, 5.930237 ] }, { "date": "2026-08-07", "close": 6.01, "volume": 923100, "typical_volume": 1445813.0, "trend": 6.109833, "fair_value": 5.664494, "relative_strength": -8.082169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.027689, "energy": 15.73984, "activity_lines": [ 5.888667, 5.781818, 5.84231, 5.921688 ] } ], "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." } } }