{
  "ticker": {
    "uuid": "9812b50a-8c0b-478d-97ea-7b4bb92c6dba",
    "symbol": "243880",
    "name": "Mirae Asset Tiger 200 IT Leverage 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -30.052,
    "architecture_energy": 37.92,
    "architecture_maturity": 63.183,
    "architecture_confidence": 42.955,
    "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": 41.81,
        "rotation_up": 14.06,
        "upward_expansion": 17.02,
        "deceleration": 70.11,
        "rotation_down": 69.05,
        "downward_expansion": 44.35
      },
      "activity_lines": [
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        457112.172043
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 261600.0,
    "trend_reference": 371274.5,
    "distance_from_trend": -0.2954,
    "trend_direction": "Improving",
    "fair_value": 103347.207732,
    "distance_from_fair_value": 1.531273,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.721409,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.795224,
    "excess_performance": 0.565395,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.2954,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.748401,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.531273,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -5.301921,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.117214,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -1.739084,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.795224,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.744268,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1236603,
      "relative_activity": 2.018638,
      "balance": 0.744268,
      "dry_up": 1.602529,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.772517,
      "annualized_volatility": 1.507942,
      "from_high_reference": -0.7454,
      "from_low_reference": 7.305381
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    "levels": {
      "trend_reference": 371274.5,
      "fair_value_reference": 103347.207732,
      "structural_low": 137155.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.006426,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.00154,
        "regime_survival": 0.333333,
        "best_return": 1.081519,
        "worst_return": -0.127915,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.039934,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.007896,
        "regime_survival": 0.0,
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        "worst_return": -0.234393,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.002079,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.510163,
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      },
      {
        "regime": "balance",
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      },
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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        "regime": "rotation_down",
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      {
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 101918.205504,
        "relative_strength": 31.814247,
        "stage": 3,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 612592.8,
        "trend": 371274.5,
        "fair_value": 103347.207732,
        "relative_strength": 11.721409,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
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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."
    }
  }
}