{ "ticker": { "uuid": "3b138f7c-40eb-401a-a7d9-a7842bf0e24a", "symbol": "185680", "name": "Kodex Synth US Biotech", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 42.508, "architecture_energy": 29.407, "architecture_maturity": 100.0, "architecture_confidence": 83.598, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 28.9, "rotation_up": 29.93, "upward_expansion": 65.35, "deceleration": 88.33, "rotation_down": 27.65, "downward_expansion": 17.68 }, "activity_lines": [ 47666.333333, 48293.727273, 46479.142857, 44918.72043 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 46695.0, "trend_reference": 42968.333333, "distance_from_trend": 0.086731, "trend_direction": "Improving", "fair_value": 30354.455128, "distance_from_fair_value": 0.538324, "fair_value_direction": "Improving", "relative_strength": -1.421893, "relative_strength_direction": "Improving", "price_momentum": 0.235481, "excess_performance": 0.005652, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086731, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.084598, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.538324, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048535, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.28932, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.235481, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.564918, "read": "Demand-led" } ], "volume": { "latest": 44551, "relative_activity": 1.642436, "balance": 2.564918, "dry_up": 1.142454, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.054898, "annualized_volatility": 0.234429, "from_high_reference": -0.157054, "from_low_reference": 0.834774 }, "levels": { "trend_reference": 42968.333333, "fair_value_reference": 30354.455128, 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"volume": 24349, "typical_volume": 25981.75, "trend": 42433.166667, "fair_value": 30051.762821, "relative_strength": -6.352619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.18067, "energy": 82.809879, "activity_lines": [ 49990.666667, 48483.0, 46044.0, 44394.27957 ] }, { "date": "2026-07-31", "close": 46575.0, "volume": 9074, "typical_volume": 25501.95, "trend": 42708.0, "fair_value": 30202.564103, "relative_strength": -6.808855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.271679, "energy": 53.294715, "activity_lines": [ 48740.666667, 48408.727273, 46273.404762, 44661.494624 ] }, { "date": "2026-08-07", "close": 46695.0, "volume": 44551, "typical_volume": 27124.95, "trend": 42968.333333, "fair_value": 30354.455128, "relative_strength": -1.421893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.508139, "energy": 29.406668, "activity_lines": [ 47666.333333, 48293.727273, 46479.142857, 44918.72043 ] } ], "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." } } }