{
  "ticker": {
    "uuid": "4afc18ad-00d6-4d37-b254-3306e371235f",
    "symbol": "139260",
    "name": "Mirae Asset TIGER IT 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 81.364,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -6.488,
    "architecture_energy": 26.011,
    "architecture_maturity": 61.769,
    "architecture_confidence": 73.566,
    "architecture_tenure": "New",
    "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": 56.39,
        "rotation_up": 14.04,
        "upward_expansion": 42.55,
        "deceleration": 87.97,
        "rotation_down": 49.11,
        "downward_expansion": 36.55
      },
      "activity_lines": [
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        137518.078159
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 120050.0,
    "trend_reference": 118907.567708,
    "distance_from_trend": 0.009608,
    "trend_direction": "Improving",
    "fair_value": 49369.004094,
    "distance_from_fair_value": 1.431688,
    "fair_value_direction": "Weakening",
    "relative_strength": 26.109766,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.689289,
    "excess_performance": 0.45946,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.009608,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.423527,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.431688,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.085922,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.261098,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.187813,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.689289,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.695031,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3213524,
      "relative_activity": 0.69004,
      "balance": 0.695031,
      "dry_up": 1.155726,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.227202,
      "annualized_volatility": 0.726366,
      "from_high_reference": -0.437085,
      "from_low_reference": 2.847071
    },
    "levels": {
      "trend_reference": 118907.567708,
      "fair_value_reference": 49369.004094,
      "structural_low": 72602.716585,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.009454,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.012548,
        "regime_survival": 0.25,
        "best_return": 0.088828,
        "worst_return": -0.065791,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.020327,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.007209,
        "regime_survival": 0.333333,
        "best_return": 0.017856,
        "worst_return": -0.107844,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.077122,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.033219,
        "regime_survival": 0.0,
        "best_return": -0.002833,
        "worst_return": -0.151411,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.055464,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.074336,
        "regime_survival": 0.5,
        "best_return": 0.119856,
        "worst_return": -0.230785,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
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        "color": "red",
        "start": "2023-10-20",
        "end": "2023-11-24",
        "tenure": "Developing",
        "return": 0.027316,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.028008,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.052429,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-05-03",
        "tenure": "Developing",
        "return": 0.050035,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.009594,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-08-23",
        "tenure": "Established",
        "return": -0.067769,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.122402,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "date": "2026-08-07",
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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."
    }
  }
}