{
  "ticker": {
    "uuid": "3fde2c30-b129-484d-9bca-358e63cf4c37",
    "symbol": "SKM",
    "name": "SK Telecom Co Ltd ADR",
    "exchange": "NYSE",
    "country": "US",
    "assetType": "equity"
  },
  "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 8.145,
    "architecture_energy": 8.729,
    "architecture_maturity": 28.818,
    "architecture_confidence": 79.104,
    "architecture_tenure": "Developing",
    "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": 50.37,
        "rotation_up": 25.94,
        "upward_expansion": 42.54,
        "deceleration": 78.94,
        "rotation_down": 31.78,
        "downward_expansion": 36.54
      },
      "activity_lines": [
        33.286667,
        33.388,
        34.738667,
        34.202731
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 34.26,
    "trend_reference": 32.743667,
    "distance_from_trend": 0.046309,
    "trend_direction": "Improving",
    "fair_value": 22.765718,
    "distance_from_fair_value": 0.504894,
    "fair_value_direction": "Weakening",
    "relative_strength": 10.920081,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.205489,
    "excess_performance": 0.079864,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046309,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.16444,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.504894,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.272382,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.109201,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.276458,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.205489,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.070621,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10898338,
      "relative_activity": 0.916234,
      "balance": 1.070621,
      "dry_up": 1.151012,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.135725,
      "annualized_volatility": 0.536513,
      "from_high_reference": -0.273836,
      "from_low_reference": 0.742625
    },
    "levels": {
      "trend_reference": 32.743667,
      "fair_value_reference": 22.765718,
      "structural_low": 27.91,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.007329,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.0375,
        "regime_survival": 0.470588,
        "best_return": 0.371776,
        "worst_return": -0.067374,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.005596,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.079441,
        "regime_survival": 0.5,
        "best_return": 0.439416,
        "worst_return": -0.09924,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.011197,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.036279,
        "regime_survival": 0.4,
        "best_return": 0.273612,
        "worst_return": -0.131587,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.065892,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.192617,
        "regime_survival": 0.333333,
        "best_return": 0.138868,
        "worst_return": -0.20828,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.037001,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.045579,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.063189,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.069215,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.008906,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.029102,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.012652,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2026-01-16",
        "end": "2026-01-16",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": 0.176812,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-20",
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        "return": -0.126536,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "return": 0.068288,
        "active": true
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    ],
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      },
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        "fair_value": 22.362522,
        "relative_strength": 12.108063,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 11116862.5,
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        "fair_value": 22.448479,
        "relative_strength": 4.612964,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": -8.554448,
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          32.118,
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      },
      {
        "date": "2026-07-24",
        "close": 35.67,
        "volume": 15131104,
        "typical_volume": 11111009.5,
        "trend": 31.908667,
        "fair_value": 22.564727,
        "relative_strength": 21.780517,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.923051,
        "energy": 16.339163,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 31.63,
        "volume": 15368102,
        "typical_volume": 11596473.0,
        "trend": 32.278,
        "fair_value": 22.656427,
        "relative_strength": 6.456946,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -1.673599,
        "energy": 11.634152,
        "activity_lines": [
          32.73,
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      },
      {
        "date": "2026-08-07",
        "close": 34.26,
        "volume": 10898338,
        "typical_volume": 11894707.75,
        "trend": 32.743667,
        "fair_value": 22.765718,
        "relative_strength": 10.920081,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.144858,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}