{ "ticker": { "uuid": "df13f3ab-f8a8-4376-a74d-1ec5a49931ee", "symbol": "00898", "name": "Cathay Genomics Immunology Revolution ETF", "exchange": "TAI", "country": "TW", "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": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.585, "architecture_energy": 70.055, "architecture_maturity": 28.299, "architecture_confidence": 61.982, "architecture_tenure": "Developing", "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": 4.37, "rotation_up": 74.69, "upward_expansion": 87.67, "deceleration": 54.79, "rotation_down": 15.51, "downward_expansion": 12.0 }, "activity_lines": [ 9.511333, 9.349818, 8.919381, 8.69886 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 9.68, "trend_reference": 8.48, "distance_from_trend": 0.141509, "trend_direction": "Improving", "fair_value": 7.326282, "distance_from_fair_value": 0.32127, "fair_value_direction": "Improving", "relative_strength": -9.886587, "relative_strength_direction": "Improving", "price_momentum": 0.173333, "excess_performance": -0.205979, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.141509, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06053, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32127, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.200173, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098866, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.15484, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.173333, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.875426, "read": "Demand-led" } ], "volume": { "latest": 3911240, "relative_activity": 1.402122, "balance": 1.875426, "dry_up": 1.244626, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.032978, "annualized_volatility": 0.192937, "from_high_reference": -0.010225, "from_low_reference": 0.55627 }, "levels": { "trend_reference": 8.48, "fair_value_reference": 7.326282, "structural_low": 7.68, "invalidation": "A decisive 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3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.702695, "energy": 88.475832, "activity_lines": [ 9.384667, 9.096, 8.708619, 8.542645 ] }, { "date": "2026-07-31", "close": 9.53, "volume": 3066250, "typical_volume": 2709546.4, "trend": 8.419667, "fair_value": 7.314295, "relative_strength": -9.393046, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.724021, "energy": 86.857283, "activity_lines": [ 9.442, 9.222909, 8.810524, 8.617548 ] }, { "date": "2026-08-07", "close": 9.68, "volume": 3911240, "typical_volume": 2789515.4, "trend": 8.48, "fair_value": 7.326282, "relative_strength": -9.886587, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.584766, "energy": 70.055499, "activity_lines": [ 9.511333, 9.349818, 8.919381, 8.69886 ] } ], "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." } } }