{ "ticker": { "uuid": "2ea02249-f4e3-4309-9bf9-a89ad9be86f6", "symbol": "KBUF", "name": "KRANESHARES 90% KWEB DEFINED OUTCOME JANUARY 2027 ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "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": -15.181, "architecture_energy": 23.15, "architecture_maturity": 100.0, "architecture_confidence": 70.967, "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": 45.53, "rotation_up": 41.56, "upward_expansion": 24.16, "deceleration": 41.32, "rotation_down": 18.36, "downward_expansion": 55.83 }, "activity_lines": [ 27.31898, 26.921051, 27.066558, 27.473732 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 27.74, "trend_reference": 28.249383, "distance_from_trend": -0.018032, "trend_direction": "Weakening", "fair_value": 27.220004, "distance_from_fair_value": 0.019103, "fair_value_direction": "Weakening", "relative_strength": -16.376839, "relative_strength_direction": "Weakening", "price_momentum": -0.102172, "excess_performance": -0.227797, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.018032, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.047488, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.019103, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.027481, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.163768, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012052, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.102172, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.40816, "read": "Demand-led" } ], "volume": { "latest": 1436, "relative_activity": 0.071636, "balance": 1.40816, "dry_up": 0.064602, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.024169, "annualized_volatility": 0.13611, "from_high_reference": -0.148451, "from_low_reference": 0.085714 }, "levels": { "trend_reference": 28.249383, "fair_value_reference": 27.220004, "structural_low": 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26.28352, 26.79068, 27.453755, 28.143273 ] }, { "date": "2026-07-03", "close": 26.0956, "volume": 46717, "typical_volume": 19295.95, "trend": 28.891046, "fair_value": 27.222983, "relative_strength": -20.177674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.719438, "energy": 82.11246, "activity_lines": [ 26.149973, 26.586038, 27.268668, 27.952748 ] }, { "date": "2026-07-10", "close": 26.7795, "volume": 24232, "typical_volume": 20399.25, "trend": 28.758638, "fair_value": 27.219491, "relative_strength": -18.808092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.444207, "energy": 63.693579, "activity_lines": [ 26.308207, 26.543418, 27.168018, 27.816519 ] }, { "date": "2026-07-17", "close": 26.9253, "volume": 1344, "typical_volume": 20420.8, "trend": 28.635897, "fair_value": 27.217192, "relative_strength": -16.693689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.913694, "energy": 55.360856, "activity_lines": [ 26.511073, 26.551396, 27.097455, 27.698239 ] }, { "date": "2026-07-24", "close": 26.665, "volume": 812, "typical_volume": 20165.0, "trend": 28.493777, "fair_value": 27.212912, "relative_strength": -16.643656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.454276, "energy": 41.421529, "activity_lines": [ 26.61706, 26.541207, 27.014114, 27.571085 ] }, { "date": "2026-07-31", "close": 27.6149, "volume": 1588, "typical_volume": 20051.35, "trend": 28.370093, "fair_value": 27.216004, "relative_strength": -14.238052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.109146, "energy": 25.01557, "activity_lines": [ 27.011, 26.723987, 27.031149, 27.514383 ] }, { "date": "2026-08-07", "close": 27.74, "volume": 1436, "typical_volume": 20045.85, "trend": 28.249383, "fair_value": 27.220004, "relative_strength": -16.376839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.180555, "energy": 23.150212, "activity_lines": [ 27.31898, 26.921051, 27.066558, 27.473732 ] } ], "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." } } }