{ "ticker": { "uuid": "2943ae45-de04-4fdc-b45d-152d2f2eda65", "symbol": "9403", "name": "CHINA ASSET MANAGEMENT CO - HSI ESG Enhanced Index 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": 51.964, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": 4.841, "architecture_energy": 32.2, "architecture_maturity": 98.138, "architecture_confidence": 63.313, "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": 46.53, "rotation_up": 51.41, "upward_expansion": 29.78, "deceleration": 41.32, "rotation_down": 14.67, "downward_expansion": 52.44 }, "activity_lines": [ 6.681333, 6.506567, 6.514534, 6.574558 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 6.795, "trend_reference": 6.699718, "distance_from_trend": 0.014222, "trend_direction": "Weakening", "fair_value": 5.649827, "distance_from_fair_value": 0.202692, "fair_value_direction": "Improving", "relative_strength": -0.297689, "relative_strength_direction": "Improving", "price_momentum": -0.04069, "excess_performance": -0.007108, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014222, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.026333, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.202692, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06456, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.002977, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022751, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.04069, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.0, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.0, "dry_up": 0.0, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.025008, "annualized_volatility": 0.173977, "from_high_reference": -0.086341, "from_low_reference": 0.142977 }, "levels": { "trend_reference": 6.699718, "fair_value_reference": 5.649827, "structural_low": 5.945, "invalidation": "Reclaiming a 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"relative_strength": -0.978407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.210031, "energy": 58.364109, "activity_lines": [ 6.289416, 6.329725, 6.461119, 6.573127 ] }, { "date": "2026-07-24", "close": 6.56, "volume": 0, "typical_volume": 2285.5, "trend": 6.715939, "fair_value": 5.631705, "relative_strength": -1.052041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.592353, "energy": 29.576096, "activity_lines": [ 6.398667, 6.358148, 6.462927, 6.56222 ] }, { "date": "2026-07-31", "close": 6.82, "volume": 0, "typical_volume": 2285.5, "trend": 6.70783, "fair_value": 5.640315, "relative_strength": -0.778541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.132549, "energy": 23.112931, "activity_lines": [ 6.573333, 6.436605, 6.490185, 6.568934 ] }, { "date": "2026-08-07", "close": 6.795, "volume": 0, "typical_volume": 2285.0, "trend": 6.699718, "fair_value": 5.649827, "relative_strength": -0.297689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.840523, "energy": 32.199866, "activity_lines": [ 6.681333, 6.506567, 6.514534, 6.574558 ] } ], "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." } } }