{ "ticker": { "uuid": "3fe5db79-f77f-442e-a58d-ac6be210f6f5", "symbol": "261070", "name": "Mirae Asset KOSDAQ150Biotech ETF", "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": 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": -66.636, "architecture_energy": 64.645, "architecture_maturity": 43.577, "architecture_confidence": 89.545, "architecture_tenure": "Developing", "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": 4.2, "rotation_up": 18.26, "upward_expansion": 11.8, "deceleration": 54.42, "rotation_down": 68.39, "downward_expansion": 87.47 }, "activity_lines": [ 11920.333333, 12501.272727, 14104.153841, 15494.804095 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 13305.0, "trend_reference": 17060.073893, "distance_from_trend": -0.220109, "trend_direction": "Weakening", "fair_value": 13327.211216, "distance_from_fair_value": -0.001667, "fair_value_direction": "Weakening", "relative_strength": -39.237741, "relative_strength_direction": "Improving", "price_momentum": -0.28411, "excess_performance": -0.513939, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.220109, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.09001, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.001667, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.361618, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.392377, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066101, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.28411, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.378134, "read": "Supply-led" } ], "volume": { "latest": 1439667, "relative_activity": 1.437185, "balance": 0.378134, "dry_up": 1.350624, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.124147, "annualized_volatility": 0.494544, "from_high_reference": -0.408124, "from_low_reference": 0.352822 }, "levels": { "trend_reference": 17060.073893, "fair_value_reference": 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"down", "direction": -79.910157, "energy": 87.982558, "activity_lines": [ 11484.666667, 12530.454545, 14358.499981, 15749.12823 ] }, { "date": "2026-08-07", "close": 13305.0, "volume": 1439667, "typical_volume": 1001726.65, "trend": 17060.073893, "fair_value": 13327.211216, "relative_strength": -39.237741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.636028, "energy": 64.644699, "activity_lines": [ 11920.333333, 12501.272727, 14104.153841, 15494.804095 ] } ], "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." } } }