{ "ticker": { "uuid": "1d11974a-2263-41ef-ac87-d09606b87a9a", "symbol": "099140", "name": "KODEX China 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -44.187, "architecture_energy": 25.973, "architecture_maturity": 53.893, "architecture_confidence": 78.962, "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": 35.77, "rotation_up": 24.61, "upward_expansion": 14.57, "deceleration": 46.53, "rotation_down": 34.3, "downward_expansion": 62.24 }, "activity_lines": [ 22223.64375, 22139.821236, 22599.829827, 22870.430628 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 21990.0, "trend_reference": 23273.082227, "distance_from_trend": -0.055132, "trend_direction": "Weakening", "fair_value": 19078.080592, "distance_from_fair_value": 0.152632, "fair_value_direction": "Weakening", "relative_strength": -27.345451, "relative_strength_direction": "Improving", "price_momentum": -0.092079, "excess_performance": -0.321908, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.055132, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.029605, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.152632, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.140376, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.273455, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.189545, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.092079, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.436269, "read": "Demand-led" } ], "volume": { "latest": 17306, "relative_activity": 0.497568, "balance": 1.436269, "dry_up": 1.391026, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.044488, "annualized_volatility": 0.1632, "from_high_reference": -0.147971, "from_low_reference": 0.061053 }, "levels": { "trend_reference": 23273.082227, "fair_value_reference": 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"close": 22536.929688, "volume": 27089, "typical_volume": 39171.9, "trend": 23462.494401, "fair_value": 18939.624768, "relative_strength": -34.546496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.078617, "energy": 68.914069, "activity_lines": [ 21988.491667, 22350.121129, 22850.247117, 23107.305183 ] }, { "date": "2026-07-24", "close": 22053.009766, "volume": 39281, "typical_volume": 36542.6, "trend": 23408.240625, "fair_value": 18985.474403, "relative_strength": -33.744063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.944931, "energy": 41.727905, "activity_lines": [ 22050.704427, 22227.089134, 22748.780813, 23016.370691 ] }, { "date": "2026-07-31", "close": 22505.0, "volume": 109850, "typical_volume": 38384.65, "trend": 23348.830339, "fair_value": 19032.78177, "relative_strength": -30.393904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.087227, "energy": 25.812943, "activity_lines": [ 22280.046615, 22218.546094, 22696.113319, 22958.097102 ] }, { "date": "2026-08-07", "close": 21990.0, "volume": 17306, "typical_volume": 34781.15, "trend": 23273.082227, "fair_value": 19078.080592, "relative_strength": -27.345451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.187039, "energy": 25.973379, "activity_lines": [ 22223.64375, 22139.821236, 22599.829827, 22870.430628 ] } ], "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." } } }