{
  "ticker": {
    "uuid": "8bc79270-2eed-4a43-b708-4dfd2d689509",
    "symbol": "KROP",
    "name": "GLOBAL X AGTECH & FOOD INNOVATION ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 50.556,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 49.003,
    "architecture_energy": 29.749,
    "architecture_maturity": 21.159,
    "architecture_confidence": 74.847,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 34.23,
        "rotation_up": 53.41,
        "upward_expansion": 79.12,
        "deceleration": 50.59,
        "rotation_down": 19.26,
        "downward_expansion": 5.78
      },
      "activity_lines": [
        35.196387,
        35.062032,
        34.924923,
        34.891975
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 35.271,
    "trend_reference": 34.767497,
    "distance_from_trend": 0.014482,
    "trend_direction": "Improving",
    "fair_value": 31.096079,
    "distance_from_fair_value": 0.134259,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.741946,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.028993,
    "excess_performance": -0.158461,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.014482,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043662,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.134259,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000364,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.067419,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023597,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.028993,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.764312,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5290,
      "relative_activity": 0.35471,
      "balance": 0.764312,
      "dry_up": 0.396802,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.035478,
      "annualized_volatility": 0.172584,
      "from_high_reference": -0.045956,
      "from_low_reference": 0.238551
    },
    "levels": {
      "trend_reference": 34.767497,
      "fair_value_reference": 31.096079,
      "structural_low": 33.1,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.001001,
        "positive_rate": 0.588235,
        "directional_follow_through": 0.588235,
        "median_excess_return": -0.020702,
        "regime_survival": 0.470588,
        "best_return": 0.080791,
        "worst_return": -0.085804,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.03129,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.040213,
        "regime_survival": 0.285714,
        "best_return": 0.128844,
        "worst_return": -0.117684,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.022814,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.209976,
        "regime_survival": 0.4,
        "best_return": 0.150352,
        "worst_return": -0.187936,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.005052,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.251154,
        "regime_survival": 0.333333,
        "best_return": 0.081276,
        "worst_return": -0.345345,
        "sufficient": false
      }
    ],
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        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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        "relative_strength": -6.760571,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.243086,
        "energy": 24.225645,
        "activity_lines": [
          34.599947,
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          33.609687
        ]
      },
      {
        "date": "2026-05-01",
        "close": 35.225443,
        "volume": 11043,
        "typical_volume": 15486.2,
        "trend": 32.684376,
        "fair_value": 31.151094,
        "relative_strength": -4.823764,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.608644,
        "energy": 30.753016,
        "activity_lines": [
          34.805301,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 35.32765,
        "volume": 15480,
        "typical_volume": 16052.9,
        "trend": 32.862878,
        "fair_value": 31.136026,
        "relative_strength": -9.101609,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 29.532268,
        "activity_lines": [
          34.975321,
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      },
      {
        "date": "2026-05-15",
        "close": 35.573306,
        "volume": 14461,
        "typical_volume": 16648.4,
        "trend": 33.035681,
        "fair_value": 31.126343,
        "relative_strength": -7.823432,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.136324,
        "energy": 33.69912,
        "activity_lines": [
          35.184517,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 34.36485,
        "volume": 16869,
        "typical_volume": 17352.75,
        "trend": 33.138956,
        "fair_value": 31.121979,
        "relative_strength": -11.617449,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.718897,
        "energy": 28.091135,
        "activity_lines": [
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          34.853234,
          34.213784
        ]
      },
      {
        "date": "2026-05-29",
        "close": 34.756345,
        "volume": 8023,
        "typical_volume": 16403.85,
        "trend": 33.312989,
        "fair_value": 31.123936,
        "relative_strength": -12.711467,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.726319,
        "energy": 24.205384,
        "activity_lines": [
          34.922786,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 34.283861,
        "volume": 13516,
        "typical_volume": 16850.75,
        "trend": 33.468255,
        "fair_value": 31.119597,
        "relative_strength": -9.49118,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.141722,
        "energy": 11.011425,
        "activity_lines": [
          34.667566,
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          34.829509,
          34.380769
        ]
      },
      {
        "date": "2026-06-12",
        "close": 34.201976,
        "volume": 35035,
        "typical_volume": 18377.3,
        "trend": 33.604101,
        "fair_value": 31.107294,
        "relative_strength": -11.344723,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 10.033781,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 34.169998,
        "volume": 7011,
        "typical_volume": 18287.95,
        "trend": 33.754308,
        "fair_value": 31.102316,
        "relative_strength": -13.325809,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.108364,
        "energy": 10.329381,
        "activity_lines": [
          34.292468,
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          34.464615
        ]
      },
      {
        "date": "2026-06-26",
        "close": 34.824284,
        "volume": 9285,
        "typical_volume": 18522.7,
        "trend": 33.895935,
        "fair_value": 31.0996,
        "relative_strength": -7.218444,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.281732,
        "energy": 10.489364,
        "activity_lines": [
          34.44876,
          34.592206,
          34.703811,
          34.533646
        ]
      },
      {
        "date": "2026-07-03",
        "close": 35.3479,
        "volume": 17150,
        "typical_volume": 18061.45,
        "trend": 34.050219,
        "fair_value": 31.099512,
        "relative_strength": -6.334041,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 36.885188,
        "energy": 14.595772,
        "activity_lines": [
          34.748963,
          34.713024,
          34.744695,
          34.627321
        ]
      },
      {
        "date": "2026-07-10",
        "close": 34.9794,
        "volume": 10152,
        "typical_volume": 18108.85,
        "trend": 34.189665,
        "fair_value": 31.094873,
        "relative_strength": -8.63335,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.01778,
        "energy": 16.755075,
        "activity_lines": [
          34.886895,
          34.744267,
          34.753164,
          34.687268
        ]
      },
      {
        "date": "2026-07-17",
        "close": 35.0089,
        "volume": 4788,
        "typical_volume": 17785.0,
        "trend": 34.33474,
        "fair_value": 31.085134,
        "relative_strength": -4.375349,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.29181,
        "energy": 24.312614,
        "activity_lines": [
          34.988291,
          34.785348,
          34.771253,
          34.740122
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.7544,
        "volume": 8225,
        "typical_volume": 17354.75,
        "trend": 34.516357,
        "fair_value": 31.084734,
        "relative_strength": -0.556279,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.67521,
        "energy": 40.73681,
        "activity_lines": [
          35.284392,
          34.967769,
          34.868847,
          34.831713
        ]
      },
      {
        "date": "2026-07-31",
        "close": 34.8326,
        "volume": 5368,
        "typical_volume": 15685.7,
        "trend": 34.65318,
        "fair_value": 31.084078,
        "relative_strength": -3.42985,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 47.079486,
        "energy": 32.204414,
        "activity_lines": [
          35.1676,
          34.979298,
          34.875073,
          34.852116
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.271,
        "volume": 5290,
        "typical_volume": 14913.6,
        "trend": 34.767497,
        "fair_value": 31.096079,
        "relative_strength": -6.741946,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.003028,
        "energy": 29.748503,
        "activity_lines": [
          35.196387,
          35.062032,
          34.924923,
          34.891975
        ]
      }
    ],
    "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."
    }
  }
}