{
  "ticker": {
    "uuid": "5b7f4c8c-3c43-4fdd-97f6-809703081a50",
    "symbol": "00899",
    "name": "Franklin Templeton SinoAm Global Clean Energy ETF",
    "exchange": "TAI",
    "country": "TW",
    "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": "^TWII",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -35.774,
    "architecture_energy": 56.109,
    "architecture_maturity": 5.192,
    "architecture_confidence": 88.449,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 29.92,
        "rotation_up": 14.1,
        "upward_expansion": 25.03,
        "deceleration": 52.63,
        "rotation_down": 73.76,
        "downward_expansion": 54.69
      },
      "activity_lines": [
        24.178,
        24.887818,
        25.749286,
        25.443914
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 23.790001,
    "trend_reference": 24.778667,
    "distance_from_trend": -0.0399,
    "trend_direction": "Improving",
    "fair_value": 18.219487,
    "distance_from_fair_value": 0.305745,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.871577,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.034348,
    "excess_performance": -0.344964,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.0399,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.077849,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.305745,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.15755,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.198716,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.117575,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.034348,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.575472,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 226748,
      "relative_activity": 0.432179,
      "balance": 0.575472,
      "dry_up": 0.72794,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.050215,
      "annualized_volatility": 0.219323,
      "from_high_reference": -0.209897,
      "from_low_reference": 0.575497
    },
    "levels": {
      "trend_reference": 24.778667,
      "fair_value_reference": 18.219487,
      "structural_low": 22.200001,
      "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": 1,
        "median_return": -0.006046,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.020339,
        "regime_survival": 0.0,
        "best_return": -0.006046,
        "worst_return": -0.006046,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.125756,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.14336,
        "regime_survival": 0.0,
        "best_return": -0.125756,
        "worst_return": -0.125756,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.154172,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.21596,
        "regime_survival": 0.0,
        "best_return": -0.154172,
        "worst_return": -0.154172,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.017533,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.080852,
        "regime_survival": 0.0,
        "best_return": -0.017533,
        "worst_return": -0.017533,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-18",
        "end": "2023-12-29",
        "tenure": "Established",
        "return": -0.017356,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-01-05",
        "end": "2024-01-12",
        "tenure": "New",
        "return": -0.020022,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-19",
        "end": "2024-01-26",
        "tenure": "New",
        "return": 0.013642,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-02",
        "end": "2024-05-24",
        "tenure": "Established",
        "return": 0.011415,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-31",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.089488,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.023824,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": -0.013301,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2025-03-21",
        "tenure": "Extended",
        "return": -0.120511,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.064194,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.036003,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.064748,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-06-26",
        "tenure": "Extended",
        "return": 0.747475,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.088651,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-04",
        "close": 21.15,
        "volume": 506023,
        "typical_volume": 561572.65,
        "trend": 21.793334,
        "fair_value": 21.94625,
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        "stage": 4,
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      },
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        "date": "2026-05-15",
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        "date": "2026-06-05",
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      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -17.788859,
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      },
      {
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        "fair_value": 18.157051,
        "relative_strength": -17.693935,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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      },
      {
        "date": "2026-07-17",
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        "volume": 394239,
        "typical_volume": 595728.05,
        "trend": 24.393667,
        "fair_value": 18.18,
        "relative_strength": -15.133142,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.34511,
        "energy": 22.48321,
        "activity_lines": [
          25.364,
          26.262364,
          26.205048,
          25.528452
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.65,
        "volume": 131386,
        "typical_volume": 552734.1,
        "trend": 24.545667,
        "fair_value": 18.196538,
        "relative_strength": -16.438315,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.306625,
        "energy": 28.329676,
        "activity_lines": [
          25.040667,
          25.843273,
          26.111619,
          25.544989
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.85,
        "volume": 775316,
        "typical_volume": 553989.15,
        "trend": 24.661,
        "fair_value": 18.206667,
        "relative_strength": -17.88321,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -37.238263,
        "energy": 42.119555,
        "activity_lines": [
          24.549333,
          25.330909,
          25.934572,
          25.500108
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.790001,
        "volume": 226748,
        "typical_volume": 524661.95,
        "trend": 24.778667,
        "fair_value": 18.219487,
        "relative_strength": -19.871577,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.773958,
        "energy": 56.108536,
        "activity_lines": [
          24.178,
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          25.749286,
          25.443914
        ]
      }
    ],
    "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."
    }
  }
}