{ "ticker": { "uuid": "821cc691-9a8b-4d89-b284-40ea49bf680c", "symbol": "VNAM", "name": "GLOBAL X FDS GLOBAL X MSCI VIETNAM 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": 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": 71.569, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -30.002, "architecture_energy": 51.528, "architecture_maturity": 5.878, "architecture_confidence": 68.172, "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": 36.15, "rotation_up": 19.81, "upward_expansion": 21.59, "deceleration": 40.8, "rotation_down": 63.5, "downward_expansion": 58.59 }, "activity_lines": [ 23.735387, 24.121971, 24.633395, 24.565979 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 24.015, "trend_reference": 24.592155, "distance_from_trend": -0.023469, "trend_direction": "Improving", "fair_value": 18.843452, "distance_from_fair_value": 0.274448, "fair_value_direction": "Weakening", "relative_strength": -10.859382, "relative_strength_direction": "Weakening", "price_momentum": 0.007383, "excess_performance": -0.118242, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023469, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.008234, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.274448, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.187782, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108594, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.169574, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.007383, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.293441, "read": "Supply-led" } ], "volume": { "latest": 25579, "relative_activity": 0.42847, "balance": 0.293441, "dry_up": 0.911367, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.046313, "annualized_volatility": 0.265419, "from_high_reference": -0.124188, "from_low_reference": 0.120272 }, "levels": { "trend_reference": 24.592155, "fair_value_reference": 18.843452, "structural_low": 21.5, "invalidation": "A 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"modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.514311, "energy": 15.784947, "activity_lines": [ 24.677173, 24.819058, 24.938071, 24.801446 ] }, { "date": "2026-07-24", "close": 22.785, "volume": 79613, "typical_volume": 65947.35, "trend": 24.698322, "fair_value": 18.771656, "relative_strength": -11.672875, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -50.00874, "energy": 51.633894, "activity_lines": [ 23.997835, 24.404973, 24.771068, 24.674773 ] }, { "date": "2026-07-31", "close": 23.64, "volume": 75395, "typical_volume": 62777.85, "trend": 24.642988, "fair_value": 18.807091, "relative_strength": -9.325622, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.183914, "energy": 52.572288, "activity_lines": [ 23.766007, 24.209999, 24.687755, 24.606495 ] }, { "date": "2026-08-07", "close": 24.015, "volume": 25579, "typical_volume": 59698.5, "trend": 24.592155, "fair_value": 18.843452, "relative_strength": -10.859382, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.001533, "energy": 51.528066, "activity_lines": [ 23.735387, 24.121971, 24.633395, 24.565979 ] } ], "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." } } }