{
  "ticker": {
    "uuid": "a0840975-4f2e-49a1-92f2-6207c892c605",
    "symbol": "KVLE",
    "name": "KRANESHARES TR KRANESHARES VALUE LINE DYNAMIC DIVIDEND",
    "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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.231,
    "architecture_energy": 74.764,
    "architecture_maturity": 39.646,
    "architecture_confidence": 78.98,
    "architecture_tenure": "Established",
    "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": 5.76,
        "rotation_up": 69.45,
        "upward_expansion": 88.65,
        "deceleration": 52.31,
        "rotation_down": 22.51,
        "downward_expansion": 12.99
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      "activity_lines": [
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        27.4704
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 29.3585,
    "trend_reference": 26.939614,
    "distance_from_trend": 0.089789,
    "trend_direction": "Improving",
    "fair_value": 23.126541,
    "distance_from_fair_value": 0.269472,
    "fair_value_direction": "Improving",
    "relative_strength": -0.498262,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.09679,
    "excess_performance": -0.028835,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.089789,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03456,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.269472,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.059887,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.004983,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.045019,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.09679,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.169451,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20434,
      "relative_activity": 0.789668,
      "balance": 2.169451,
      "dry_up": 0.44771,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.017788,
      "annualized_volatility": 0.120948,
      "from_high_reference": -0.000732,
      "from_low_reference": 0.206183
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    "levels": {
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      "fair_value_reference": 23.126541,
      "structural_low": 24.34,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.009917,
        "positive_rate": 0.65625,
        "directional_follow_through": 0.65625,
        "median_excess_return": -0.001617,
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        "worst_return": -0.078129,
        "sufficient": true
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      {
        "horizon": "Intermediate",
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        "worst_return": -0.090314,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 22.824367,
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      },
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        "date": "2026-07-10",
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        "fair_value": 22.884285,
        "relative_strength": -1.567293,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 26271.1,
        "trend": 26.649428,
        "fair_value": 22.942008,
        "relative_strength": -0.085945,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.933222,
        "energy": 85.268592,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 26150.6,
        "trend": 26.731913,
        "fair_value": 22.998835,
        "relative_strength": 0.117289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.753148,
        "energy": 78.594846,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.3673,
        "volume": 8202,
        "typical_volume": 25304.45,
        "trend": 26.82801,
        "fair_value": 23.059849,
        "relative_strength": -0.546574,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.09696,
        "energy": 68.28801,
        "activity_lines": [
          28.347233,
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          27.307143
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.3585,
        "volume": 20434,
        "typical_volume": 25876.7,
        "trend": 26.939614,
        "fair_value": 23.126541,
        "relative_strength": -0.498262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.230834,
        "energy": 74.76432,
        "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."
    }
  }
}