{ "ticker": { "uuid": "da7b0f75-aa08-4e3e-8031-0f80c2299f97", "symbol": "203780", "name": "Mirae Asset TIGER NASDAQ Bio 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.905, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 40.217, "architecture_energy": 24.167, "architecture_maturity": 100.0, "architecture_confidence": 74.285, "architecture_tenure": "Extended", "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": 34.79, "rotation_up": 29.18, "upward_expansion": 63.36, "deceleration": 88.3, "rotation_down": 26.95, "downward_expansion": 15.69 }, "activity_lines": [ 34750.666667, 35060.636364, 34128.904762, 33425.774194 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 34150.0, "trend_reference": 32583.333333, "distance_from_trend": 0.048082, "trend_direction": "Improving", "fair_value": 24736.920285, "distance_from_fair_value": 0.380528, "fair_value_direction": "Improving", "relative_strength": -9.326879, "relative_strength_direction": "Improving", "price_momentum": 0.109847, "excess_performance": -0.119981, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048082, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047646, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.380528, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034159, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.093269, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.277259, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.109847, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.878202, "read": "Supply-led" } ], "volume": { "latest": 104880, "relative_activity": 0.882568, "balance": 0.878202, "dry_up": 1.174387, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.05031, "annualized_volatility": 0.204321, "from_high_reference": -0.158867, "from_low_reference": 0.51556 }, "levels": { "trend_reference": 32583.333333, "fair_value_reference": 24736.920285, 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"relative_strength": -12.945937, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.534013, "energy": 45.446195, "activity_lines": [ 35370.666667, 35141.818182, 34036.428571, 33317.623656 ] }, { "date": "2026-08-07", "close": 34150.0, "volume": 104880, "typical_volume": 118835.0, "trend": 32583.333333, "fair_value": 24736.920285, "relative_strength": -9.326879, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.217053, "energy": 24.166547, "activity_lines": [ 34750.666667, 35060.636364, 34128.904762, 33425.774194 ] } ], "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." } } }