{
  "ticker": {
    "uuid": "58fb3375-bb73-413b-8723-7fcc46302104",
    "symbol": "EWY",
    "name": "iShares MSCI South Korea ETF",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 90.62,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 0.332,
    "architecture_energy": 22.418,
    "architecture_maturity": 59.167,
    "architecture_confidence": 69.215,
    "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": 55.69,
        "rotation_up": 14.17,
        "upward_expansion": 42.33,
        "deceleration": 87.61,
        "rotation_down": 49.32,
        "downward_expansion": 38.66
      },
      "activity_lines": [
        2847.691325,
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        3097.632559,
        2953.912959
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 2840.0,
    "trend_reference": 2736.160999,
    "distance_from_trend": 0.037951,
    "trend_direction": "Improving",
    "fair_value": 1493.659375,
    "distance_from_fair_value": 0.901371,
    "fair_value_direction": "Weakening",
    "relative_strength": 25.220481,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.322776,
    "excess_performance": 0.377443,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.037951,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.215894,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.901371,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.57443,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.252205,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.447319,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.322776,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.100494,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 32578,
      "relative_activity": 0.377741,
      "balance": 0.100494,
      "dry_up": 1.373235,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.125483,
      "annualized_volatility": 0.582368,
      "from_high_reference": -0.259066,
      "from_low_reference": 1.179685
    },
    "levels": {
      "trend_reference": 2736.160999,
      "fair_value_reference": 1493.659375,
      "structural_low": 2090.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.018058,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.021039,
        "regime_survival": 0.5,
        "best_return": 0.243142,
        "worst_return": -0.069282,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.092466,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.120779,
        "regime_survival": 0.0,
        "best_return": 0.467478,
        "worst_return": -0.102669,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.03454,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.015402,
        "regime_survival": 0.333333,
        "best_return": 0.1875,
        "worst_return": -0.111197,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.036233,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.049195,
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        "best_return": 0.055454,
        "worst_return": 0.017011,
        "sufficient": false
      }
    ],
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        "color": "amber",
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        "end": "2024-05-24",
        "tenure": "Developing",
        "return": 0.027865,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-05-31",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-06-14",
        "tenure": "New",
        "return": 0.006826,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-20",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.135288,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": -0.02101,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "return": 0.035206,
        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
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        "active": true
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 2899.98999,
        "volume": 21311,
        "typical_volume": 86040.8,
        "trend": 2676.627665,
        "fair_value": 1471.825632,
        "relative_strength": 31.709788,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 2720.0,
        "volume": 263161,
        "typical_volume": 94996.5,
        "trend": 2706.627665,
        "fair_value": 1482.176543,
        "relative_strength": 21.271374,
        "stage": 2,
        "regime": "deceleration",
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        "direction": 3.703444,
        "energy": 20.42578,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 2840.0,
        "volume": 32578,
        "typical_volume": 86244.35,
        "trend": 2736.160999,
        "fair_value": 1493.659375,
        "relative_strength": 25.220481,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}