{
  "ticker": {
    "uuid": "cc685ddc-7ab8-411c-833f-1a28f5c315e9",
    "symbol": "228810",
    "name": "Mirae Asset Tiger Media Contents 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.717,
    "architecture_energy": 59.519,
    "architecture_maturity": 100.0,
    "architecture_confidence": 95.984,
    "architecture_tenure": "Established",
    "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": 10.82,
        "rotation_up": 28.51,
        "upward_expansion": 11.15,
        "deceleration": 60.84,
        "rotation_down": 52.36,
        "downward_expansion": 84.48
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 3415.0,
    "trend_reference": 4559.738558,
    "distance_from_trend": -0.251054,
    "trend_direction": "Weakening",
    "fair_value": 5562.465135,
    "distance_from_fair_value": -0.386064,
    "fair_value_direction": "Weakening",
    "relative_strength": -52.206617,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.410606,
    "excess_performance": -0.640435,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.251054,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.143599,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.386064,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.155181,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.522066,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.105071,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.410606,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.412174,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1380790,
      "relative_activity": 0.985019,
      "balance": 0.412174,
      "dry_up": 0.759929,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.10339,
      "annualized_volatility": 0.406696,
      "from_high_reference": -0.542372,
      "from_low_reference": 0.165529
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    "levels": {
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      "fair_value_reference": 5562.465135,
      "structural_low": 2930.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
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        "positive_rate": 0.387097,
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        "sufficient": true
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 5562.465135,
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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."
    }
  }
}