{
  "ticker": {
    "uuid": "1bb3a2e6-d908-4c49-a264-7c79cdf73deb",
    "symbol": "334690",
    "name": "KB Asset Management Co. Ltd - Kbstar Palladium Futures Etf",
    "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": 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": -42.631,
    "architecture_energy": 33.665,
    "architecture_maturity": 91.066,
    "architecture_confidence": 85.572,
    "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": 30.11,
        "rotation_up": 27.74,
        "upward_expansion": 18.02,
        "deceleration": 46.99,
        "rotation_down": 30.13,
        "downward_expansion": 63.35
      },
      "activity_lines": [
        5967.0,
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        6082.285714,
        6397.494624
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 6235.0,
    "trend_reference": 6934.166667,
    "distance_from_trend": -0.100829,
    "trend_direction": "Weakening",
    "fair_value": 5844.520577,
    "distance_from_fair_value": 0.066811,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.801527,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.206743,
    "excess_performance": -0.436572,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.100829,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.08372,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.066811,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.11541,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.298015,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.145998,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.206743,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.391195,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 27449,
      "relative_activity": 0.726741,
      "balance": 0.391195,
      "dry_up": 1.053276,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.060761,
      "annualized_volatility": 0.367099,
      "from_high_reference": -0.399904,
      "from_low_reference": 0.171992
    },
    "levels": {
      "trend_reference": 6934.166667,
      "fair_value_reference": 5844.520577,
      "structural_low": 5320.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
        "median_return": -0.022086,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.008499,
        "regime_survival": 0.861111,
        "best_return": 0.243004,
        "worst_return": -0.153025,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.069371,
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        "regime_survival": 0.583333,
        "best_return": 0.515949,
        "worst_return": -0.245702,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.12758,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
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        "worst_return": -0.304393,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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      {
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        "regime": "deceleration",
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      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 5630.0,
        "volume": 67743,
        "typical_volume": 48089.15,
        "trend": 7096.666667,
        "fair_value": 5854.302831,
        "relative_strength": -42.111058,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 62.219268,
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      },
      {
        "date": "2026-07-31",
        "close": 5940.0,
        "volume": 13766,
        "typical_volume": 42504.45,
        "trend": 7024.333333,
        "fair_value": 5849.120665,
        "relative_strength": -37.225604,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.58373,
        "energy": 47.861661,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 6235.0,
        "volume": 27449,
        "typical_volume": 37770.0,
        "trend": 6934.166667,
        "fair_value": 5844.520577,
        "relative_strength": -29.801527,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.630505,
        "energy": 33.664546,
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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."
    }
  }
}