{ "ticker": { "uuid": "6a0b6da6-274b-4a7d-a49a-a0aa48840c3a", "symbol": "KLIP", "name": "KRANESHARES KWEB COVERED CALL STRATEGY 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.401, "architecture_energy": 24.444, "architecture_maturity": 100.0, "architecture_confidence": 71.397, "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": 43.48, "rotation_up": 32.77, "upward_expansion": 19.33, "deceleration": 46.91, "rotation_down": 22.42, "downward_expansion": 55.66 }, "activity_lines": [ 24.008499, 23.657363, 23.926513, 24.321676 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 24.2839, "trend_reference": 25.111044, "distance_from_trend": -0.032939, "trend_direction": "Weakening", "fair_value": 24.042975, "distance_from_fair_value": 0.010021, "fair_value_direction": "Weakening", "relative_strength": -17.77813, "relative_strength_direction": "Weakening", "price_momentum": -0.133556, "excess_performance": -0.259181, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032939, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052464, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.010021, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.058014, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.177781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.022658, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.133556, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.895353, "read": "Supply-led" } ], "volume": { "latest": 84728, "relative_activity": 0.461783, "balance": 0.895353, "dry_up": 0.575136, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.034478, "annualized_volatility": 0.179101, "from_high_reference": -0.161141, "from_low_reference": 0.143416 }, "levels": { "trend_reference": 25.111044, "fair_value_reference": 24.042975, 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"2026-06-26", "close": 22.044908, "volume": 587220, "typical_volume": 206363.95, "trend": 25.942211, "fair_value": 23.928799, "relative_strength": -23.245462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.060144, "energy": 87.105461, "activity_lines": [ 23.241053, 23.824809, 24.39573, 25.057453 ] }, { "date": "2026-07-03", "close": 22.717549, "volume": 271197, "typical_volume": 210070.05, "trend": 25.774501, "fair_value": 23.945102, "relative_strength": -22.173685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.334829, "energy": 81.64309, "activity_lines": [ 22.95657, 23.537509, 24.187383, 24.849411 ] }, { "date": "2026-07-10", "close": 23.462387, "volume": 142014, "typical_volume": 212063.5, "trend": 25.631024, "fair_value": 23.962678, "relative_strength": -20.282028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.577982, "energy": 72.564101, "activity_lines": [ 23.021747, 23.437444, 24.071335, 24.700242 ] }, { "date": "2026-07-17", "close": 23.7172, "volume": 80857, "typical_volume": 201325.75, "trend": 25.504082, "fair_value": 23.982575, "relative_strength": -17.728377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.704004, "energy": 54.430197, "activity_lines": [ 23.205544, 23.412777, 23.997342, 24.576769 ] }, { "date": "2026-07-24", "close": 23.677998, "volume": 71037, "typical_volume": 187494.9, "trend": 25.365112, "fair_value": 23.999713, "relative_strength": -16.975208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.735206, "energy": 41.348362, "activity_lines": [ 23.408397, 23.41084, 23.931357, 24.458958 ] }, { "date": "2026-07-31", "close": 24.1943, "volume": 185482, "typical_volume": 189373.2, "trend": 25.24095, "fair_value": 24.020089, "relative_strength": -15.664293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.587065, "energy": 23.197044, "activity_lines": [ 23.765161, 23.526189, 23.921591, 24.383421 ] }, { "date": "2026-08-07", "close": 24.2839, "volume": 84728, "typical_volume": 183480.1, "trend": 25.111044, "fair_value": 24.042975, "relative_strength": -17.77813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.400715, "energy": 24.444316, "activity_lines": [ 24.008499, 23.657363, 23.926513, 24.321676 ] } ], "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." } } }