{ "ticker": { "uuid": "e1cf3569-f39f-4daa-aa03-7136a9ff6ee0", "symbol": "3039", "name": "E fund management(hk) co limited - E Fund (HK) HSI ESG Enhanced Index ETF", "exchange": "HKG", "country": "HK", "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": "^HSI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.996, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 31.071, "architecture_energy": 38.289, "architecture_maturity": 96.726, "architecture_confidence": 80.974, "architecture_tenure": "Established", "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": 37.59, "rotation_up": 67.11, "upward_expansion": 37.18, "deceleration": 44.35, "rotation_down": 16.7, "downward_expansion": 23.52 }, "activity_lines": [ 3.765467, 3.666764, 3.666143, 3.692241 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 3.832, "trend_reference": 3.751067, "distance_from_trend": 0.021576, "trend_direction": "Weakening", "fair_value": 3.144782, "distance_from_fair_value": 0.218526, "fair_value_direction": "Weakening", "relative_strength": 0.874352, "relative_strength_direction": "Improving", "price_momentum": -0.024936, "excess_performance": 0.008645, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021576, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.021206, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.218526, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023671, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008744, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.025861, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.024936, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.781296, "read": "Supply-led" } ], "volume": { "latest": 3659000, "relative_activity": 3.076057, "balance": 0.781296, "dry_up": 1.766274, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.030191, "annualized_volatility": 0.168216, "from_high_reference": -0.074843, "from_low_reference": 0.147993 }, "levels": { "trend_reference": 3.751067, "fair_value_reference": 3.144782, "structural_low": 3.338, 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contraction", "gate": "down", "direction": -61.700416, "energy": 52.475752, "activity_lines": [ 3.5452, 3.565345, 3.631048, 3.685914 ] }, { "date": "2026-07-24", "close": 3.692, "volume": 1260000, "typical_volume": 1016210.0, "trend": 3.756333, "fair_value": 3.134192, "relative_strength": -0.039354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.737266, "energy": 21.880832, "activity_lines": [ 3.6052, 3.5812, 3.633238, 3.681411 ] }, { "date": "2026-07-31", "close": 3.846, "volume": 1739000, "typical_volume": 1048360.0, "trend": 3.7538, "fair_value": 3.139218, "relative_strength": 0.410747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.364238, "energy": 21.78886, "activity_lines": [ 3.704267, 3.626364, 3.650629, 3.687196 ] }, { "date": "2026-08-07", "close": 3.832, "volume": 3659000, "typical_volume": 1189510.0, "trend": 3.751067, "fair_value": 3.144782, "relative_strength": 0.874352, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.070607, "energy": 38.289264, "activity_lines": [ 3.765467, 3.666764, 3.666143, 3.692241 ] } ], "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." } } }