{
  "ticker": {
    "uuid": "8c439eb5-90c0-4205-b59f-06626a0340e4",
    "symbol": "298770",
    "name": "KODEX Korea Taiwan IT Premier 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -0.62,
    "architecture_energy": 22.059,
    "architecture_maturity": 66.43,
    "architecture_confidence": 77.519,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 60.05,
        "rotation_up": 14.02,
        "upward_expansion": 46.68,
        "deceleration": 88.0,
        "rotation_down": 44.03,
        "downward_expansion": 29.34
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 75525.0,
    "trend_reference": 70724.735287,
    "distance_from_trend": 0.067873,
    "trend_direction": "Improving",
    "fair_value": 33988.950245,
    "distance_from_fair_value": 1.222046,
    "fair_value_direction": "Weakening",
    "relative_strength": 18.199576,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.528755,
    "excess_performance": 0.298927,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.067873,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.294274,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.222046,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.567785,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.181996,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.087392,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.528755,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.034906,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 63140,
      "relative_activity": 0.439324,
      "balance": 1.034906,
      "dry_up": 1.025504,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.118812,
      "annualized_volatility": 0.46071,
      "from_high_reference": -0.297573,
      "from_low_reference": 1.640014
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    "levels": {
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      "fair_value_reference": 33988.950245,
      "structural_low": 50231.719738,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 9,
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        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.000954,
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        "best_return": 0.063392,
        "worst_return": -0.034606,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.75,
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        "worst_return": -0.10199,
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      },
      {
        "horizon": "Extended",
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        "positive_rate": 0.666667,
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        "worst_return": -0.141293,
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      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.144279,
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    ],
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        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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      },
      {
        "regime": "balance",
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        "tenure": "Established",
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        "active": false
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      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 75525.0,
        "volume": 63140,
        "typical_volume": 143720.75,
        "trend": 70724.735287,
        "fair_value": 33988.950245,
        "relative_strength": 18.199576,
        "stage": 2,
        "regime": "deceleration",
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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."
    }
  }
}