{ "ticker": { "uuid": "4cbee515-2ff8-4b9a-ad68-f6f0ce5510c6", "symbol": "227540", "name": "Mirae Asset Tiger 200 Health Care 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": -42.647, "architecture_energy": 28.643, "architecture_maturity": 77.312, "architecture_confidence": 87.986, "architecture_tenure": "Established", "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": 31.19, "rotation_up": 26.25, "upward_expansion": 15.46, "deceleration": 46.87, "rotation_down": 36.35, "downward_expansion": 65.46 }, "activity_lines": [ 18543.666667, 18344.363636, 18899.282766, 19685.613269 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 19565.0, "trend_reference": 20811.299349, "distance_from_trend": -0.059886, "trend_direction": "Weakening", "fair_value": 19310.690843, "distance_from_fair_value": 0.013169, "fair_value_direction": "Weakening", "relative_strength": -27.131093, "relative_strength_direction": "Improving", "price_momentum": -0.146871, "excess_performance": -0.3767, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.059886, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.06487, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.013169, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.046016, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.271311, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.216781, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.146871, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.555888, "read": "Supply-led" } ], "volume": { "latest": 136846, "relative_activity": 0.946382, "balance": 0.555888, "dry_up": 1.146273, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.075429, "annualized_volatility": 0.317919, "from_high_reference": -0.237432, "from_low_reference": 0.15735 }, "levels": { "trend_reference": 20811.299349, "fair_value_reference": 19310.690843, 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18233.363636, 19100.060938, 19981.213378 ] }, { "date": "2026-07-31", "close": 17935.0, "volume": 202321, "typical_volume": 144012.6, "trend": 20958.260807, "fair_value": 19298.04675, "relative_strength": -37.417971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.752407, "energy": 45.684924, "activity_lines": [ 18075.0, 18119.909091, 18913.151497, 19775.501063 ] }, { "date": "2026-08-07", "close": 19565.0, "volume": 136846, "typical_volume": 144599.05, "trend": 20811.299349, "fair_value": 19310.690843, "relative_strength": -27.131093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.647073, "energy": 28.643412, "activity_lines": [ 18543.666667, 18344.363636, 18899.282766, 19685.613269 ] } ], "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." } } }