{ "ticker": { "uuid": "6059027c-75aa-418b-bac1-869654a85373", "symbol": "KPRO", "name": "KRANESHARES 100% KWEB DEFINED OUTCOME JANUARY 2027 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -9.979, "architecture_energy": 18.239, "architecture_maturity": 100.0, "architecture_confidence": 48.235, "architecture_tenure": "Established", "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": 57.86, "rotation_up": 40.72, "upward_expansion": 22.87, "deceleration": 41.17, "rotation_down": 14.53, "downward_expansion": 52.2 }, "activity_lines": [ 27.099853, 26.952147, 26.982708, 27.130023 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 27.2797, "trend_reference": 27.423127, "distance_from_trend": -0.00523, "trend_direction": "Weakening", "fair_value": 26.774546, "distance_from_fair_value": 0.018867, "fair_value_direction": "Weakening", "relative_strength": -14.533735, "relative_strength_direction": "Weakening", "price_momentum": -0.042865, "excess_performance": -0.168489, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00523, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.032288, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.018867, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.011742, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.145337, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002038, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.042865, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.705332, "read": "Supply-led" } ], "volume": { "latest": 4126, "relative_activity": 0.241136, "balance": 0.705332, "dry_up": 0.327734, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.011105, "annualized_volatility": 0.063396, "from_high_reference": -0.10681, "from_low_reference": 0.035283 }, "levels": { "trend_reference": 27.423127, "fair_value_reference": 26.774546, 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26.764298, "relative_strength": -14.94097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.595604, "energy": 57.672899, "activity_lines": [ 26.67002, 26.793889, 27.037918, 27.32364 ] }, { "date": "2026-07-10", "close": 26.8843, "volume": 175, "typical_volume": 16046.1, "trend": 27.726095, "fair_value": 26.765243, "relative_strength": -15.135876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.703695, "energy": 51.988168, "activity_lines": [ 26.7319, 26.783873, 27.002647, 27.262618 ] }, { "date": "2026-07-17", "close": 26.965, "volume": 2087, "typical_volume": 16138.0, "trend": 27.626364, "fair_value": 26.766803, "relative_strength": -13.191545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.215209, "energy": 40.355506, "activity_lines": [ 26.81036, 26.796413, 26.981444, 27.213515 ] }, { "date": "2026-07-24", "close": 26.855, "volume": 11643, "typical_volume": 16705.05, "trend": 27.515477, "fair_value": 26.767487, "relative_strength": -12.716177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.133936, "energy": 31.524828, "activity_lines": [ 26.846807, 26.800138, 26.954741, 27.163749 ] }, { "date": "2026-07-31", "close": 27.18, "volume": 4575, "typical_volume": 16911.7, "trend": 27.46698, "fair_value": 26.77066, "relative_strength": -12.24714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.428561, "energy": 21.414161, "activity_lines": [ 26.978887, 26.869584, 26.962716, 27.142106 ] }, { "date": "2026-08-07", "close": 27.2797, "volume": 4126, "typical_volume": 17110.7, "trend": 27.423127, "fair_value": 26.774546, "relative_strength": -14.533735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.978728, "energy": 18.239301, "activity_lines": [ 27.099853, 26.952147, 26.982708, 27.130023 ] } ], "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." } } }