{ "ticker": { "uuid": "b344b05e-e5d8-4b6b-8447-1e64d7d9f887", "symbol": "00917", "name": "CTBC Selected Financials and Data Industry ETF", "exchange": "TAI", "country": "TW", "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": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 79.356, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.892, "architecture_energy": 90.628, "architecture_maturity": 37.544, "architecture_confidence": 62.637, "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": 2.08, "rotation_up": 85.95, "upward_expansion": 99.33, "deceleration": 39.32, "rotation_down": 8.48, "downward_expansion": 21.33 }, "activity_lines": [ 23.885333, 23.412182, 22.73, 22.314576 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 24.09, "trend_reference": 22.013959, "distance_from_trend": 0.094306, "trend_direction": "Improving", "fair_value": 16.434172, "distance_from_fair_value": 0.465848, "fair_value_direction": "Improving", "relative_strength": -13.317813, "relative_strength_direction": "Improving", "price_momentum": 0.092517, "excess_performance": -0.286795, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094306, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064913, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.465848, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.067263, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133178, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110704, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.092517, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.330161, "read": "Demand-led" } ], "volume": { "latest": 2652947, "relative_activity": 0.706959, "balance": 3.330161, "dry_up": 0.906115, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.022097, "annualized_volatility": 0.137637, "from_high_reference": -0.114338, "from_low_reference": 0.404841 }, "levels": { "trend_reference": 22.013959, "fair_value_reference": 16.434172, "structural_low": 19.75, 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"typical_volume": 4775331.15, "trend": 21.325512, "fair_value": 16.03045, "relative_strength": -24.898123, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.051892, "energy": 86.172706, "activity_lines": [ 22.419334, 22.133818, 21.763571, 21.629429 ] }, { "date": "2026-07-10", "close": 23.01, "volume": 3101654, "typical_volume": 4749287.15, "trend": 21.456399, "fair_value": 16.108685, "relative_strength": -21.127861, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.973089, "energy": 93.616089, "activity_lines": [ 22.658667, 22.328727, 21.909476, 21.738106 ] }, { "date": "2026-07-17", "close": 23.83, "volume": 4478906, "typical_volume": 4485638.2, "trend": 21.603477, "fair_value": 16.192536, "relative_strength": -12.68961, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.40471, "energy": 97.124789, "activity_lines": [ 23.098667, 22.647455, 22.127952, 21.891241 ] }, { "date": "2026-07-24", "close": 23.6, "volume": 2780333, "typical_volume": 4199145.6, "trend": 21.740298, "fair_value": 16.273205, "relative_strength": -14.984422, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.38968, "energy": 93.046291, "activity_lines": [ 23.338, 22.883636, 22.312286, 22.020049 ] }, { "date": "2026-07-31", "close": 24.09, "volume": 3689017, "typical_volume": 3919342.55, "trend": 21.874537, "fair_value": 16.353868, "relative_strength": -11.635802, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.012236, "energy": 94.534167, "activity_lines": [ 23.674667, 23.169455, 22.530667, 22.171643 ] }, { "date": "2026-08-07", "close": 24.09, "volume": 2652947, "typical_volume": 3752616.65, "trend": 22.013959, "fair_value": 16.434172, "relative_strength": -13.317813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.892441, "energy": 90.628416, "activity_lines": [ 23.885333, 23.412182, 22.73, 22.314576 ] } ], "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." } } }