{ "ticker": { "uuid": "5108eef1-6c3b-4d3b-83c2-d88ef96d15f8", "symbol": "KGRN", "name": "KRANESHARES TR MSCI CHINA CLEAN TECHNOLOGY INDEX ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.654, "architecture_energy": 45.99, "architecture_maturity": 64.603, "architecture_confidence": 65.345, "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": 18.5, "rotation_up": 26.07, "upward_expansion": 19.21, "deceleration": 66.59, "rotation_down": 45.08, "downward_expansion": 69.21 }, "activity_lines": [ 23.954067, 23.908684, 25.143724, 25.971665 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 24.1602, "trend_reference": 26.81054, "distance_from_trend": -0.098854, "trend_direction": "Weakening", "fair_value": 24.237049, "distance_from_fair_value": -0.003171, "fair_value_direction": "Weakening", "relative_strength": -22.47659, "relative_strength_direction": "Weakening", "price_momentum": -0.129676, "excess_performance": -0.255301, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.098854, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.046681, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.003171, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.179545, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.224766, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.133586, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.129676, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.479024, "read": "Supply-led" } ], "volume": { "latest": 147358, "relative_activity": 1.733061, "balance": 0.479024, "dry_up": 0.943344, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.053457, "annualized_volatility": 0.205069, "from_high_reference": -0.260589, "from_low_reference": 0.050398 }, "levels": { "trend_reference": 26.81054, "fair_value_reference": 24.237049, "structural_low": 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"fair_value": 24.331293, "relative_strength": -23.03074, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.790073, "energy": 86.425866, "activity_lines": [ 23.51432, 24.337547, 25.915172, 26.559829 ] }, { "date": "2026-07-24", "close": 23.53, "volume": 54393, "typical_volume": 84746.5, "trend": 27.047803, "fair_value": 24.289752, "relative_strength": -21.86343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.732247, "energy": 77.4794, "activity_lines": [ 23.48066, 24.030884, 25.592381, 26.323755 ] }, { "date": "2026-07-31", "close": 24.36, "volume": 65946, "typical_volume": 83807.15, "trend": 26.929803, "fair_value": 24.25739, "relative_strength": -19.57106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.388259, "energy": 56.927654, "activity_lines": [ 23.786333, 23.964584, 25.365972, 26.150349 ] }, { "date": "2026-08-07", "close": 24.1602, "volume": 147358, "typical_volume": 85027.6, "trend": 26.81054, "fair_value": 24.237049, "relative_strength": -22.47659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.653644, "energy": 45.990446, "activity_lines": [ 23.954067, 23.908684, 25.143724, 25.971665 ] } ], "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." } } }