{
  "ticker": {
    "uuid": "aed2ae24-a126-4728-8c78-b63dc3da05da",
    "symbol": "137610",
    "name": "Mirae Asset TIGER Agriculture 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 74.344,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 28.611,
    "architecture_energy": 25.899,
    "architecture_maturity": 18.274,
    "architecture_confidence": 43.429,
    "architecture_tenure": "New",
    "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": 62.99,
        "rotation_up": 57.13,
        "upward_expansion": 58.58,
        "deceleration": 59.32,
        "rotation_down": 5.23,
        "downward_expansion": 13.91
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 5290.0,
    "trend_reference": 5264.666667,
    "distance_from_trend": 0.004812,
    "trend_direction": "Improving",
    "fair_value": 5710.381601,
    "distance_from_fair_value": -0.073617,
    "fair_value_direction": "Improving",
    "relative_strength": -20.018555,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.042365,
    "excess_performance": -0.187464,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.004812,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.003812,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.073617,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.008825,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.200186,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.259325,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.042365,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.882528,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 75908,
      "relative_activity": 0.612656,
      "balance": 0.882528,
      "dry_up": 0.608433,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.041297,
      "annualized_volatility": 0.167478,
      "from_high_reference": -0.118333,
      "from_low_reference": 0.075203
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    "levels": {
      "trend_reference": 5264.666667,
      "fair_value_reference": 5710.381601,
      "structural_low": 5020.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
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        "positive_rate": 0.590909,
        "directional_follow_through": 0.590909,
        "median_excess_return": -0.019283,
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        "worst_return": -0.062998,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 63397,
        "typical_volume": 158326.55,
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        "relative_strength": -28.666501,
        "stage": 1,
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        "gate": "mixed",
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        "energy": 6.721092,
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      },
      {
        "date": "2026-07-24",
        "close": 5550.0,
        "volume": 69679,
        "typical_volume": 155447.7,
        "trend": 5249.166667,
        "fair_value": 5734.63111,
        "relative_strength": -23.691033,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 24.909606,
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      },
      {
        "date": "2026-07-31",
        "close": 5295.0,
        "volume": 92555,
        "typical_volume": 131540.65,
        "trend": 5258.333333,
        "fair_value": 5722.411261,
        "relative_strength": -25.034083,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.543439,
        "energy": 18.900393,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5290.0,
        "volume": 75908,
        "typical_volume": 123899.8,
        "trend": 5264.666667,
        "fair_value": 5710.381601,
        "relative_strength": -20.018555,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 28.610512,
        "energy": 25.899499,
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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."
    }
  }
}