{ "ticker": { "uuid": "5b96ad7b-3044-4266-8890-0428b076552c", "symbol": "280320", "name": "KINDEX US Internet ETF(Synth 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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": 72.093, "architecture_energy": 45.831, "architecture_maturity": 19.416, "architecture_confidence": 73.112, "architecture_tenure": "Developing", "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": 34.96, "rotation_up": 58.48, "upward_expansion": 79.3, "deceleration": 53.8, "rotation_down": 20.18, "downward_expansion": 8.3 }, "activity_lines": [ 20473.666667, 20249.818182, 20170.452381, 19834.215054 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 21305.0, "trend_reference": 19497.666667, "distance_from_trend": 0.092695, "trend_direction": "Weakening", "fair_value": 17824.169321, "distance_from_fair_value": 0.195287, "fair_value_direction": "Improving", "relative_strength": -17.747521, "relative_strength_direction": "Improving", "price_momentum": 0.146046, "excess_performance": -0.083782, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092695, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.005882, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.195287, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01538, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.177475, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.298372, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.146046, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.787205, "read": "Demand-led" } ], "volume": { "latest": 3796, "relative_activity": 2.597509, "balance": 5.787205, "dry_up": 1.185165, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.039987, "annualized_volatility": 0.263798, "from_high_reference": -0.041693, "from_low_reference": 0.253235 }, "levels": { "trend_reference": 19497.666667, "fair_value_reference": 17824.169321, "structural_low": 17000.0, "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": 14, "median_return": -0.001527, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005592, "regime_survival": 0.428571, "best_return": 0.099107, "worst_return": -0.080563, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.014275, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.026142, "regime_survival": 0.0, "best_return": 0.147318, "worst_return": -0.074872, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.092683, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.00098, "regime_survival": 0.0, "best_return": 0.28621, "worst_return": -0.262006, "sufficient": true }, { "horizon": 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"regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.608103, "energy": 22.056904, "activity_lines": [ 20048.666667, 20058.090909, 19973.047619, 19677.129032 ] }, { "date": "2026-07-31", "close": 20080.0, "volume": 2004, "typical_volume": 1363.95, "trend": 19466.666667, "fair_value": 17772.113707, "relative_strength": -27.488911, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.783494, "energy": 28.500628, "activity_lines": [ 20102.333333, 20039.454545, 20017.928571, 19715.612903 ] }, { "date": "2026-08-07", "close": 21305.0, "volume": 3796, "typical_volume": 1461.4, "trend": 19497.666667, "fair_value": 17824.169321, "relative_strength": -17.747521, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.093128, "energy": 45.831212, "activity_lines": [ 20473.666667, 20249.818182, 20170.452381, 19834.215054 ] } ], "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." } } }