{ "ticker": { "uuid": "d4328fa6-4931-43b1-ba8c-6f13c0fd7f6a", "symbol": "KWEB", "name": "KraneShares CSI China Internet ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "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": -8.876, "architecture_energy": 23.492, "architecture_maturity": 100.0, "architecture_confidence": 36.979, "architecture_tenure": "Extended", "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": 52.05, "rotation_up": 43.92, "upward_expansion": 23.95, "deceleration": 41.33, "rotation_down": 14.15, "downward_expansion": 53.28 }, "activity_lines": [ 479.608002, 465.457638, 468.391858, 481.393699 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 491.0, "trend_reference": 507.465333, "distance_from_trend": -0.032446, "trend_direction": "Weakening", "fair_value": 574.963471, "distance_from_fair_value": -0.146033, "fair_value_direction": "Weakening", "relative_strength": -17.31936, "relative_strength_direction": "Improving", "price_momentum": -0.171308, "excess_performance": -0.116641, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032446, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.109347, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.146033, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.006861, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.173194, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.088664, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.171308, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.187328, "read": "Supply-led" } ], "volume": { "latest": 1099, "relative_activity": 0.269766, "balance": 0.187328, "dry_up": 0.408577, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.041361, "annualized_volatility": 0.267349, "from_high_reference": -0.34912, "from_low_reference": 0.180288 }, "levels": { "trend_reference": 507.465333, "fair_value_reference": 574.963471, 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contraction", "gate": "down", "direction": -45.263664, "energy": 37.051973, "activity_lines": [ 456.356004, 452.016184, 466.105954, 484.489226 ] }, { "date": "2026-07-31", "close": 491.5, "volume": 3428, "typical_volume": 6352.15, "trend": 512.765333, "fair_value": 575.681107, "relative_strength": -17.844084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.674283, "energy": 24.631275, "activity_lines": [ 470.582003, 459.014184, 467.168906, 482.797915 ] }, { "date": "2026-08-07", "close": 491.0, "volume": 1099, "typical_volume": 4073.9, "trend": 507.465333, "fair_value": 574.963471, "relative_strength": -17.31936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.875648, "energy": 23.491875, "activity_lines": [ 479.608002, 465.457638, 468.391858, 481.393699 ] } ], "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." } } }