{ "ticker": { "uuid": "4145aab9-fb7e-49d0-8a79-622096367e2d", "symbol": "00645", "name": "Fubon TOPIX 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 66.154, "architecture_energy": 39.83, "architecture_maturity": 73.702, "architecture_confidence": 58.193, "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": 15.34, "rotation_up": 49.24, "upward_expansion": 76.28, "deceleration": 65.43, "rotation_down": 26.49, "downward_expansion": 9.62 }, "activity_lines": [ 56.676667, 56.535455, 55.75, 54.851204 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 57.450001, "trend_reference": 53.670333, "distance_from_trend": 0.070424, "trend_direction": "Improving", "fair_value": 40.798269, "distance_from_fair_value": 0.408148, "fair_value_direction": "Improving", "relative_strength": -15.259565, "relative_strength_direction": "Improving", "price_momentum": 0.149, "excess_performance": -0.230312, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070424, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061497, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.408148, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.012764, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152596, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.063373, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.149, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.172923, "read": "Demand-led" } ], "volume": { "latest": 1039366, "relative_activity": 1.119493, "balance": 2.172923, "dry_up": 0.90486, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.033876, "annualized_volatility": 0.176733, "from_high_reference": -0.009483, "from_low_reference": 0.435532 }, "levels": { "trend_reference": 53.670333, "fair_value_reference": 40.798269, "structural_low": 48.400002, 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"relative_strength": -17.378096, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.783188, "energy": 43.728713, "activity_lines": [ 56.190001, 56.044546, 54.964286, 54.109591 ] }, { "date": "2026-07-24", "close": 56.450001, "volume": 524471, "typical_volume": 1029877.9, "trend": 53.052667, "fair_value": 40.460256, "relative_strength": -16.56408, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.037356, "energy": 41.944361, "activity_lines": [ 56.190001, 56.166364, 55.209048, 54.34828 ] }, { "date": "2026-07-31", "close": 56.75, "volume": 699268, "typical_volume": 931587.8, "trend": 53.352, "fair_value": 40.627436, "relative_strength": -14.620895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.271861, "energy": 37.248136, "activity_lines": [ 56.346667, 56.304546, 55.460952, 54.586817 ] }, { "date": "2026-08-07", "close": 57.450001, "volume": 1039366, "typical_volume": 928425.45, "trend": 53.670333, "fair_value": 40.798269, "relative_strength": -15.259565, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.154149, "energy": 39.829972, "activity_lines": [ 56.676667, 56.535455, 55.75, 54.851204 ] } ], "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." } } }