{
  "ticker": {
    "uuid": "479fe87f-5878-42bf-a967-bf6df09572ee",
    "symbol": "315270",
    "name": "Mirae Asset Tiger 200 Communication Service 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.255,
    "architecture_energy": 35.384,
    "architecture_maturity": 46.813,
    "architecture_confidence": 76.72,
    "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": 22.22,
        "rotation_up": 23.28,
        "upward_expansion": 9.0,
        "deceleration": 60.31,
        "rotation_down": 47.48,
        "downward_expansion": 73.34
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 20280.0,
    "trend_reference": 21845.420898,
    "distance_from_trend": -0.071659,
    "trend_direction": "Weakening",
    "fair_value": 18925.320181,
    "distance_from_fair_value": 0.07158,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.024137,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.096792,
    "excess_performance": -0.326621,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.071659,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015972,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.07158,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.114906,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.270241,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.195605,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.096792,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.065035,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 129995,
      "relative_activity": 2.046224,
      "balance": 1.065035,
      "dry_up": 1.877892,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.076355,
      "annualized_volatility": 0.323028,
      "from_high_reference": -0.190783,
      "from_low_reference": 0.099348
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    "levels": {
      "trend_reference": 21845.420898,
      "fair_value_reference": 18925.320181,
      "structural_low": 18447.296229,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.003139,
        "positive_rate": 0.44,
        "directional_follow_through": 0.56,
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        "worst_return": -0.140135,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 21845.420898,
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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."
    }
  }
}