{ "ticker": { "uuid": "38679ac5-6cce-4f22-932e-fd8997482697", "symbol": "00960", "name": "Nomura Global Shipping Leaders Income 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": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 80.845, "architecture_energy": 88.651, "architecture_maturity": 15.302, "architecture_confidence": 63.084, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"label": "Price vs current Fair Value", "positive": true, "value": 0.323885, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050108, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088376, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.088769, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.245787, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.760886, "read": "Demand-led" } ], "volume": { "latest": 1740879, "relative_activity": 0.562655, "balance": 3.760886, "dry_up": 1.181204, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.030296, "annualized_volatility": 0.201193, "from_high_reference": -0.006296, "from_low_reference": 0.520895 }, "levels": { "trend_reference": 16.967107, "fair_value_reference": 14.306376, "structural_low": 15.005792, 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66.815925, "energy": 35.700164, "activity_lines": [ 17.463689, 17.413944, 17.376277, 17.09554 ] }, { "date": "2026-07-24", "close": 18.559999, "volume": 4639292, "typical_volume": 3676179.85, "trend": 16.628281, "fair_value": 14.211508, "relative_strength": -10.401068, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.991764, "energy": 65.215166, "activity_lines": [ 17.875216, 17.625683, 17.493286, 17.230792 ] }, { "date": "2026-07-31", "close": 18.780001, "volume": 4271023, "typical_volume": 3473141.55, "trend": 16.795507, "fair_value": 14.258606, "relative_strength": -7.743845, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.216109, "energy": 83.133314, "activity_lines": [ 18.267698, 17.854332, 17.624712, 17.369612 ] }, { "date": "2026-08-07", "close": 18.940001, "volume": 1740879, "typical_volume": 3094041.45, "trend": 16.967107, "fair_value": 14.306376, "relative_strength": -8.83764, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.845273, "energy": 88.650948, "activity_lines": [ 18.591981, 18.093527, 17.761395, 17.507967 ] } ], "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." } } }