{ "ticker": { "uuid": "bdaf495c-8e7e-4382-8cc3-02f6c26d3032", "symbol": "00916", "name": "Cathay Global Top 50 Brands 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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 56.49, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 39.11, "architecture_energy": 40.398, "architecture_maturity": 19.676, "architecture_confidence": 50.968, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 39.87, "rotation_up": 61.75, "upward_expansion": 56.16, "deceleration": 24.72, "rotation_down": 22.17, "downward_expansion": 16.83 }, "activity_lines": [ 26.544, 26.211144, 26.043141, 25.952209 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 27.219999, "trend_reference": 26.024326, "distance_from_trend": 0.045944, "trend_direction": "Weakening", "fair_value": 23.128363, "distance_from_fair_value": 0.17691, "fair_value_direction": "Improving", "relative_strength": -24.459296, "relative_strength_direction": "Improving", "price_momentum": 0.016051, "excess_performance": -0.363261, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045944, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.011447, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.17691, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026791, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.244593, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.086138, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.016051, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.922507, "read": "Demand-led" } ], "volume": { "latest": 5195175, "relative_activity": 0.712932, "balance": 4.922507, "dry_up": 0.872699, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.041662, "annualized_volatility": 0.225721, "from_high_reference": -0.096953, "from_low_reference": 0.159284 }, "levels": { "trend_reference": 26.024326, "fair_value_reference": 23.128363, 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"date": "2026-07-10", "close": 26.040001, "volume": 9499461, "typical_volume": 6310661.05, "trend": 26.147993, "fair_value": 22.912588, "relative_strength": -32.133675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.456504, "energy": 20.945833, "activity_lines": [ 25.621582, 25.881592, 25.739898, 25.852681 ] }, { "date": "2026-07-17", "close": 26.58, "volume": 10618424, "typical_volume": 6739714.4, "trend": 26.127993, "fair_value": 22.968648, "relative_strength": -25.695373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.491721, "energy": 8.502075, "activity_lines": [ 25.972667, 25.993456, 25.82628, 25.880552 ] }, { "date": "2026-07-24", "close": 25.620001, "volume": 5021328, "typical_volume": 6903452.6, "trend": 26.068993, "fair_value": 23.017424, "relative_strength": -29.317531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.155043, "energy": 11.584973, "activity_lines": [ 25.933334, 25.915463, 25.819186, 25.847778 ] }, { "date": "2026-07-31", "close": 26.5, "volume": 4602698, "typical_volume": 7067178.65, "trend": 26.032326, "fair_value": 23.070774, "relative_strength": -25.295907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.279107, "energy": 19.429454, "activity_lines": [ 26.183334, 26.000799, 25.898664, 25.875585 ] }, { "date": "2026-08-07", "close": 27.219999, "volume": 5195175, "typical_volume": 7287054.1, "trend": 26.024326, "fair_value": 23.128363, "relative_strength": -24.459296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.109642, "energy": 40.398252, "activity_lines": [ 26.544, 26.211144, 26.043141, 25.952209 ] } ], "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." } } }