{
  "ticker": {
    "uuid": "10146f17-e747-456e-bfaa-98d2086f4ec5",
    "symbol": "00911",
    "name": "Mega ICE Semiconductor ETF",
    "exchange": "TAI",
    "country": "TW",
    "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": "^TWII",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 28.675,
    "architecture_energy": 26.129,
    "architecture_maturity": 72.432,
    "architecture_confidence": 91.436,
    "architecture_tenure": "New",
    "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": 49.08,
        "rotation_up": 18.94,
        "upward_expansion": 54.03,
        "deceleration": 93.99,
        "rotation_down": 34.11,
        "downward_expansion": 20.03
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
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    "latest_close": 54.25,
    "trend_reference": 47.466734,
    "distance_from_trend": 0.142906,
    "trend_direction": "Improving",
    "fair_value": 27.877416,
    "distance_from_fair_value": 0.94602,
    "fair_value_direction": "Weakening",
    "relative_strength": 6.560392,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.419414,
    "excess_performance": 0.040102,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.142906,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.241698,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.94602,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.209741,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.065604,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.115767,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.419414,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.350468,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3183143,
      "relative_activity": 1.495257,
      "balance": 1.350468,
      "dry_up": 1.552392,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.083437,
      "annualized_volatility": 0.378814,
      "from_high_reference": -0.170489,
      "from_low_reference": 1.313694
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    "levels": {
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      "fair_value_reference": 27.877416,
      "structural_low": 33.98,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.08933,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
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        "worst_return": -0.01242,
        "sufficient": false
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      {
        "horizon": "Intermediate",
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        "worst_return": 0.039251,
        "sufficient": false
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        "horizon": "Extended",
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        "worst_return": 0.023609,
        "sufficient": false
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        "horizon": "Full cycle",
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        "regime": "balance",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": 22.594858,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
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        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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        "relative_strength": 28.115226,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 23.893602,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
        "close": 58.014297,
        "volume": 1981882,
        "typical_volume": 1735520.05,
        "trend": 44.376212,
        "fair_value": 26.935286,
        "relative_strength": 12.87012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.902901,
        "energy": 57.882429,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 53.599998,
        "volume": 4188050,
        "typical_volume": 1897092.0,
        "trend": 45.099213,
        "fair_value": 27.16816,
        "relative_strength": 10.436648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.31866,
        "energy": 43.302322,
        "activity_lines": [
          57.682066,
          58.947701,
          55.096613,
          50.759349
        ]
      },
      {
        "date": "2026-07-24",
        "close": 56.650002,
        "volume": 1807758,
        "typical_volume": 1916204.15,
        "trend": 45.972788,
        "fair_value": 27.416825,
        "relative_strength": 13.571345,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.547955,
        "energy": 31.59304,
        "activity_lines": [
          56.901635,
          58.509001,
          55.715906,
          51.504562
        ]
      },
      {
        "date": "2026-07-31",
        "close": 53.650002,
        "volume": 4040143,
        "typical_volume": 2026832.1,
        "trend": 46.704397,
        "fair_value": 27.64735,
        "relative_strength": 8.459045,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.458755,
        "energy": 27.482948,
        "activity_lines": [
          55.438739,
          57.507574,
          55.954009,
          51.999866
        ]
      },
      {
        "date": "2026-08-07",
        "close": 54.25,
        "volume": 3183143,
        "typical_volume": 2128827.05,
        "trend": 47.466734,
        "fair_value": 27.877416,
        "relative_strength": 6.560392,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.674833,
        "energy": 26.128522,
        "activity_lines": [
          54.734287,
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          56.164873,
          52.486679
        ]
      }
    ],
    "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."
    }
  }
}