{
  "ticker": {
    "uuid": "1cd1ab56-5c16-4290-9971-ed5603f90aee",
    "symbol": "275980",
    "name": "Mirae Asset TIGER Synth-Morningstar Global Exponential Technology(H)",
    "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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 15.458,
    "architecture_energy": 17.221,
    "architecture_maturity": 55.705,
    "architecture_confidence": 76.169,
    "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": 51.24,
        "rotation_up": 23.65,
        "upward_expansion": 49.76,
        "deceleration": 81.68,
        "rotation_down": 37.38,
        "downward_expansion": 27.76
      },
      "activity_lines": [
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        22833.494624
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 23335.0,
    "trend_reference": 22284.166667,
    "distance_from_trend": 0.047156,
    "trend_direction": "Improving",
    "fair_value": 18082.713122,
    "distance_from_fair_value": 0.290459,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.092251,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.113842,
    "excess_performance": -0.115986,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.047156,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.051064,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.290459,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031667,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.120923,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.258306,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.113842,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.418693,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11567,
      "relative_activity": 0.379299,
      "balance": 1.418693,
      "dry_up": 0.513622,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.052513,
      "annualized_volatility": 0.178811,
      "from_high_reference": -0.079124,
      "from_low_reference": 0.312298
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    "levels": {
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      "fair_value_reference": 18082.713122,
      "structural_low": 19305.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.01083,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.019006,
        "regime_survival": 0.384615,
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        "worst_return": -0.095252,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
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        "regime_survival": 0.0,
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        "worst_return": -0.007546,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "directional_follow_through": 0.833333,
        "median_excess_return": 0.002704,
        "regime_survival": 0.166667,
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        "worst_return": -0.075095,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 0.333333,
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        "worst_return": -0.254457,
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      },
      {
        "regime": "balance",
        "label": "Balance",
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      },
      {
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      },
      {
        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
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        "regime": "deceleration",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 34366.85,
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        "fair_value": 17994.228885,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 31721.55,
        "trend": 22209.833333,
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        "relative_strength": -19.930317,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 18.886681,
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      },
      {
        "date": "2026-08-07",
        "close": 23335.0,
        "volume": 11567,
        "typical_volume": 30495.7,
        "trend": 22284.166667,
        "fair_value": 18082.713122,
        "relative_strength": -12.092251,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}