{ "ticker": { "uuid": "b819e6bd-7758-44af-b5f7-1dcf184dce75", "symbol": "00971", "name": "Nomura US R&D Leaders Select 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 87.458, "architecture_energy": 72.079, "architecture_maturity": 16.467, "architecture_confidence": 66.217, "architecture_tenure": "New", "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": 19.63, "rotation_up": 70.81, "upward_expansion": 88.91, "deceleration": 47.35, "rotation_down": 17.87, "downward_expansion": 13.24 }, "activity_lines": [ 17.250001, 17.045091, 16.808191, 16.481592 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 17.860001, "trend_reference": 16.150667, "distance_from_trend": 0.105837, "trend_direction": "Improving", "fair_value": 14.820031, "distance_from_fair_value": 0.205126, "fair_value_direction": "Improving", "relative_strength": -17.273772, "relative_strength_direction": "Improving", "price_momentum": 0.122564, "excess_performance": -0.256747, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105837, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020359, "read": "Rising" 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"activity_lines": [ 16.931333, 16.839091, 16.529857, 16.263785 ] }, { "date": "2026-07-24", "close": 16.620001, "volume": 2506659, "typical_volume": 2740445.0, "trend": 16.063334, "fair_value": 14.754476, "relative_strength": -23.1639, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.013734, "energy": 54.154389, "activity_lines": [ 16.865334, 16.804364, 16.574953, 16.301291 ] }, { "date": "2026-07-31", "close": 17.09, "volume": 1673122, "typical_volume": 2637292.1, "trend": 16.092, "fair_value": 14.782958, "relative_strength": -19.413939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.491376, "energy": 55.350021, "activity_lines": [ 16.959334, 16.858, 16.659334, 16.367527 ] }, { "date": "2026-08-07", "close": 17.860001, "volume": 1482608, "typical_volume": 2572401.2, "trend": 16.150667, "fair_value": 14.820031, "relative_strength": -17.273772, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.458045, "energy": 72.078794, "activity_lines": [ 17.250001, 17.045091, 16.808191, 16.481592 ] } ], "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." } } }