{ "ticker": { "uuid": "d7c86e57-3df6-4388-869e-70039dadfaf7", "symbol": "314700", "name": "NH-Amundi Hanaro Agriculture Business 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": 72.228, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.074, "architecture_energy": 44.937, "architecture_maturity": 15.876, "architecture_confidence": 88.876, "architecture_tenure": "New", "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": 23.01, "rotation_up": 17.35, "upward_expansion": 6.02, "deceleration": 57.01, "rotation_down": 61.46, "downward_expansion": 81.69 }, "activity_lines": [ 10664.580729, 10772.477202, 11489.245266, 11670.96925 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 11155.0, "trend_reference": 11740.808301, "distance_from_trend": -0.049895, "trend_direction": "Improving", "fair_value": 10177.409931, "distance_from_fair_value": 0.096055, "fair_value_direction": "Weakening", "relative_strength": -21.02301, "relative_strength_direction": "Improving", "price_momentum": 0.00248, "excess_performance": -0.227349, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.049895, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.002958, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096055, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.290631, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.21023, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.094365, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.00248, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.771416, "read": "Supply-led" } ], "volume": { "latest": 1204, "relative_activity": 0.141813, "balance": 0.771416, "dry_up": 0.451293, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.081708, "annualized_volatility": 0.376682, "from_high_reference": -0.225078, "from_low_reference": 0.177241 }, "levels": { "trend_reference": 11740.808301, "fair_value_reference": 10177.409931, 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rotation", "gate": "mixed", "direction": -46.470155, "energy": 70.696053, "activity_lines": [ 10663.929297, 11200.021289, 11863.356864, 11878.997994 ] }, { "date": "2026-07-24", "close": 10538.926758, "volume": 8566, "typical_volume": 10323.5, "trend": 11729.183691, "fair_value": 10175.485358, "relative_strength": -32.005546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.338764, "energy": 61.592287, "activity_lines": [ 10572.541797, 10987.636222, 11724.294708, 11801.793649 ] }, { "date": "2026-07-31", "close": 10265.0, "volume": 4986, "typical_volume": 9181.85, "trend": 11718.594499, "fair_value": 10173.933231, "relative_strength": -31.877515, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.412869, "energy": 63.825603, "activity_lines": [ 10469.916927, 10771.556712, 11562.34747, 11707.330185 ] }, { "date": "2026-08-07", "close": 11155.0, "volume": 1204, "typical_volume": 8490.05, "trend": 11740.808301, "fair_value": 10177.409931, "relative_strength": -21.02301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.073991, "energy": 44.93659, "activity_lines": [ 10664.580729, 10772.477202, 11489.245266, 11670.96925 ] } ], "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." } } }