{ "ticker": { "uuid": "5a902e1a-d03c-478d-a9b7-220b5423e4fc", "symbol": "321410", "name": "Samsung Kodex Morningstar Multi-Asset High Income ETF (H)", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 64.689, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 28.029, "architecture_energy": 12.776, "architecture_maturity": 14.413, "architecture_confidence": 37.554, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 56.18, "rotation_up": 36.0, "upward_expansion": 58.61, "deceleration": 60.36, "rotation_down": 23.17, "downward_expansion": 15.61 }, "activity_lines": [ 10595.672982, 10591.025941, 10599.294787, 10587.979234 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 10595.0, "trend_reference": 10576.781022, "distance_from_trend": 0.001723, "trend_direction": "Improving", "fair_value": 9707.089042, "distance_from_fair_value": 0.09147, "fair_value_direction": "Weakening", "relative_strength": -19.625231, "relative_strength_direction": "Improving", "price_momentum": 0.005676, "excess_performance": -0.224152, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001723, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011452, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.09147, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.017631, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196252, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.255851, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.005676, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.32789, "read": "Supply-led" } ], "volume": { "latest": 9438, "relative_activity": 6.480808, "balance": 0.32789, "dry_up": 2.017785, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.013091, "annualized_volatility": 0.057345, "from_high_reference": -0.035297, "from_low_reference": 0.076108 }, "levels": { "trend_reference": 10576.781022, "fair_value_reference": 9707.089042, "structural_low": 10122.539928, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.005508, "positive_rate": 0.631579, "directional_follow_through": 0.631579, "median_excess_return": 0.006624, "regime_survival": 0.526316, "best_return": 0.051268, "worst_return": -0.042345, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.013483, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.002523, "regime_survival": 0.142857, "best_return": 0.032573, "worst_return": -0.008899, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.029778, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.008193, "regime_survival": 0.2, "best_return": 0.059093, 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10579.854752, 10601.942099, 10592.444173, 10580.922079 ] }, { "date": "2026-07-24", "close": 10546.875977, "volume": 465, "typical_volume": 1862.5, "trend": 10554.687728, "fair_value": 9686.582463, "relative_strength": -27.094579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.935864, "energy": 7.919532, "activity_lines": [ 10568.69349, 10588.614116, 10590.526841, 10580.994806 ] }, { "date": "2026-07-31", "close": 10635.0, "volume": 1473, "typical_volume": 1017.7, "trend": 10567.053646, "fair_value": 9697.057323, "relative_strength": -24.405518, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.100805, "energy": 9.173023, "activity_lines": [ 10592.448503, 10593.092756, 10597.159738, 10586.176243 ] }, { "date": "2026-08-07", "close": 10595.0, "volume": 9438, "typical_volume": 1456.3, "trend": 10576.781022, "fair_value": 9707.089042, "relative_strength": -19.625231, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.028796, "energy": 12.775685, "activity_lines": [ 10595.672982, 10591.025941, 10599.294787, 10587.979234 ] } ], "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." } } }