{
  "ticker": {
    "uuid": "6e40895c-d478-4961-913b-0f4f7c2e7fd0",
    "symbol": "195970",
    "name": "Hanwha Arirang Synth MSCI EAFE ETF",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 68.657,
    "architecture_energy": 51.34,
    "architecture_maturity": 24.121,
    "architecture_confidence": 76.792,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 14.58,
        "rotation_up": 60.24,
        "upward_expansion": 84.23,
        "deceleration": 48.38,
        "rotation_down": 19.02,
        "downward_expansion": 8.57
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.833333
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    "latest_close": 16515.0,
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    "distance_from_trend": 0.051163,
    "trend_direction": "Improving",
    "fair_value": 13082.927559,
    "distance_from_fair_value": 0.262332,
    "fair_value_direction": "Improving",
    "relative_strength": -13.439308,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.055609,
    "excess_performance": -0.17422,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.051163,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031444,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.262332,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.015904,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.134393,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.291444,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055609,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.770402,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.770402,
      "dry_up": 0.696497,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.029577,
      "annualized_volatility": 0.162361,
      "from_high_reference": -0.011965,
      "from_low_reference": 0.203242
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    "levels": {
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      "structural_low": 14050.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 74076.25,
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        "fair_value": 12985.387833,
        "relative_strength": -24.624346,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 15800.0,
        "volume": 28784,
        "typical_volume": 68670.45,
        "trend": 15614.666667,
        "fair_value": 13013.681403,
        "relative_strength": -24.194149,
        "stage": 3,
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        "modifier": "Re-accelerating",
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        "direction": 52.621579,
        "energy": 32.468804,
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      },
      {
        "date": "2026-07-31",
        "close": 16480.0,
        "volume": 29772,
        "typical_volume": 66686.0,
        "trend": 15663.333333,
        "fair_value": 13048.192301,
        "relative_strength": -18.877867,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.07514,
        "energy": 41.056309,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 16515.0,
        "volume": 105352,
        "typical_volume": 69407.7,
        "trend": 15711.166667,
        "fair_value": 13082.927559,
        "relative_strength": -13.439308,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.656604,
        "energy": 51.339989,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}