{ "ticker": { "uuid": "bb69c52f-d2df-4387-86d9-ce82ac08eb0e", "symbol": "157490", "name": "Mirae Asset TIGER Software 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -53.822, "architecture_energy": 35.004, "architecture_maturity": 27.211, "architecture_confidence": 83.971, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 32.38, "rotation_up": 18.67, "upward_expansion": 3.87, "deceleration": 58.02, "rotation_down": 50.01, "downward_expansion": 74.87 }, "activity_lines": [ 8301.0, 8359.545455, 8782.981571, 8948.833913 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.5 }, "latest_close": 8595.0, "trend_reference": 9198.941602, "distance_from_trend": -0.065653, "trend_direction": "Weakening", "fair_value": 8598.125203, "distance_from_fair_value": -0.000363, "fair_value_direction": "Weakening", "relative_strength": -27.936747, "relative_strength_direction": "Improving", "price_momentum": -0.098367, "excess_performance": -0.328196, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.065653, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.02631, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.000363, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.095425, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.279367, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.194037, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.098367, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.790945, "read": "Supply-led" } ], "volume": { "latest": 1139024, "relative_activity": 0.749929, "balance": 0.790945, "dry_up": 0.82927, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.106144, "annualized_volatility": 0.417983, "from_high_reference": -0.200093, "from_low_reference": 0.143713 }, "levels": { "trend_reference": 9198.941602, "fair_value_reference": 8598.125203, 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"relative_strength": -37.883689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.510756, "energy": 69.669221, "activity_lines": [ 8085.0, 8526.363636, 8890.698484, 9054.437687 ] }, { "date": "2026-07-31", "close": 8265.0, "volume": 2299542, "typical_volume": 1515612.15, "trend": 9226.390072, "fair_value": 8598.987978, "relative_strength": -35.267641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.820435, "energy": 50.910997, "activity_lines": [ 8152.333333, 8404.363636, 8818.828864, 8989.568756 ] }, { "date": "2026-08-07", "close": 8595.0, "volume": 1139024, "typical_volume": 1518841.85, "trend": 9198.941602, "fair_value": 8598.125203, "relative_strength": -27.936747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.821693, "energy": 35.003747, "activity_lines": [ 8301.0, 8359.545455, 8782.981571, 8948.833913 ] } ], "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." } } }