{
  "ticker": {
    "uuid": "d7c29a34-fed4-43a1-8cdb-dbf621e4100d",
    "symbol": "TOK",
    "name": "ISHARES TRUST MSCI KOKUSAI ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 93.911,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.545,
    "architecture_energy": 65.325,
    "architecture_maturity": 42.968,
    "architecture_confidence": 83.919,
    "architecture_tenure": "Established",
    "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": 11.86,
        "rotation_up": 61.51,
        "upward_expansion": 83.44,
        "deceleration": 57.44,
        "rotation_down": 24.47,
        "downward_expansion": 10.11
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 155.9,
    "trend_reference": 143.668816,
    "distance_from_trend": 0.085135,
    "trend_direction": "Improving",
    "fair_value": 117.310729,
    "distance_from_fair_value": 0.328949,
    "fair_value_direction": "Improving",
    "relative_strength": -0.226209,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.113136,
    "excess_performance": -0.012489,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.085135,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033919,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.328949,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.012197,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.002262,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.007342,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.113136,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.070372,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.290016,
      "balance": 4.070372,
      "dry_up": 0.787062,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
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      "annualized_volatility": 0.135361,
      "from_high_reference": 0.0,
      "from_low_reference": 0.229357
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    "levels": {
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      "fair_value_reference": 117.310729,
      "structural_low": 128.631018,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "median_return": 0.016435,
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        "directional_follow_through": 0.666667,
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        "sufficient": true
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        "horizon": "Intermediate",
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      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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      },
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      },
      {
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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        "typical_volume": 6789.7,
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        "fair_value": 114.122953,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 6192.3,
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        "fair_value": 115.320091,
        "relative_strength": -0.257538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 10158.8,
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        "fair_value": 115.718129,
        "relative_strength": -0.653623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.779682,
        "energy": 59.901757,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 150.1243,
        "volume": 4637,
        "typical_volume": 9762.55,
        "trend": 142.335483,
        "fair_value": 116.103053,
        "relative_strength": -0.052679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.218109,
        "energy": 55.222614,
        "activity_lines": [
          150.161627,
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          144.880527
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      },
      {
        "date": "2026-07-24",
        "close": 149.0028,
        "volume": 4330,
        "typical_volume": 8923.6,
        "trend": 142.684083,
        "fair_value": 116.476318,
        "relative_strength": -0.207364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.743281,
        "energy": 52.699456,
        "activity_lines": [
          149.866747,
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      },
      {
        "date": "2026-07-31",
        "close": 150.96,
        "volume": 9036,
        "typical_volume": 9296.35,
        "trend": 143.130849,
        "fair_value": 116.876862,
        "relative_strength": 0.001606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.711729,
        "energy": 53.026871,
        "activity_lines": [
          150.298113,
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          148.372398,
          145.844607
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      },
      {
        "date": "2026-08-07",
        "close": 155.9,
        "volume": 12498,
        "typical_volume": 9688.25,
        "trend": 143.668816,
        "fair_value": 117.310729,
        "relative_strength": -0.226209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.544706,
        "energy": 65.324638,
        "activity_lines": [
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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."
    }
  }
}