{ "ticker": { "uuid": "2d358fa2-fded-49cf-b679-28d8da5e04ee", "symbol": "00941", "name": "CTBC Upstream 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": 93.75, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 33.929, "architecture_energy": 27.341, "architecture_maturity": 66.016, "architecture_confidence": 80.066, "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": 43.0, "rotation_up": 22.88, "upward_expansion": 57.31, "deceleration": 91.17, "rotation_down": 32.33, "downward_expansion": 20.98 }, "activity_lines": [ 26.332667, 26.977273, 26.447619, 25.477699 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 26.15, "trend_reference": 24.041667, "distance_from_trend": 0.087695, "trend_direction": "Improving", "fair_value": 16.78192, "distance_from_fair_value": 0.558225, "fair_value_direction": "Weakening", "relative_strength": -3.109312, "relative_strength_direction": "Weakening", "price_momentum": 0.257816, "excess_performance": -0.121496, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087695, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.166807, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.558225, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.026542, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031093, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.014264, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.257816, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.101068, "read": "Demand-led" } ], "volume": { "latest": 14124017, "relative_activity": 1.421673, "balance": 1.101068, "dry_up": 1.454673, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.052302, "annualized_volatility": 0.239039, "from_high_reference": -0.103838, "from_low_reference": 1.011538 }, "levels": { "trend_reference": 24.041667, "fair_value_reference": 16.78192, "structural_low": 20.110001, "invalidation": "A 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"trend": 23.470333, "fair_value": 16.632114, "relative_strength": 0.628706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.326412, "energy": 46.979751, "activity_lines": [ 27.228, 27.387091, 26.301048, 25.169914 ] }, { "date": "2026-07-31", "close": 25.84, "volume": 22356964, "typical_volume": 9732119.7, "trend": 23.749, "fair_value": 16.706371, "relative_strength": -1.711116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.943025, "energy": 26.89039, "activity_lines": [ 26.629333, 27.161818, 26.369905, 25.322796 ] }, { "date": "2026-08-07", "close": 26.15, "volume": 14124017, "typical_volume": 9934785.9, "trend": 24.041667, "fair_value": 16.78192, "relative_strength": -3.109312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.928899, "energy": 27.341199, "activity_lines": [ 26.332667, 26.977273, 26.447619, 25.477699 ] } ], "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." } } }