{
  "ticker": {
    "uuid": "e5becc2b-b7d1-4268-962c-b71653310ece",
    "symbol": "004560",
    "name": "Hyundai Bng Steel Co., Ltd.",
    "exchange": "KSC",
    "country": "KR",
    "assetType": "equity"
  },
  "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": "2026-08-21",
    "benchmark": "^KS11",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.947,
    "architecture_energy": 37.74,
    "architecture_maturity": 56.547,
    "architecture_confidence": 95.154,
    "architecture_tenure": "Developing",
    "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": 24.35,
        "rotation_up": 26.32,
        "upward_expansion": 17.44,
        "deceleration": 43.43,
        "rotation_down": 40.59,
        "downward_expansion": 67.44
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 11280.0,
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    "distance_from_trend": -0.23774,
    "trend_direction": "Improving",
    "fair_value": 14011.464412,
    "distance_from_fair_value": -0.194945,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.700972,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.405852,
    "excess_performance": -0.59599,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.23774,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011242,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.194945,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.380506,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.35701,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.042366,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.405852,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.660042,
        "read": "Supply-led"
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    ],
    "volume": {
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      "dry_up": 0.507428,
      "accumulation_observations": 0,
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    "risk": {
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      "annualized_volatility": 0.554534,
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    "levels": {
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      "structural_low": 9250.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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      {
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 540724.4,
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        "fair_value": 14021.688433,
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        "stage": 4,
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      },
      {
        "date": "2026-08-14",
        "close": 12390.0,
        "volume": 192122,
        "typical_volume": 522932.45,
        "trend": 14835.462793,
        "fair_value": 14023.638547,
        "relative_strength": -31.096406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.079734,
        "energy": 36.767696,
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      },
      {
        "date": "2026-08-21",
        "close": 11280.0,
        "volume": 126900,
        "typical_volume": 506786.8,
        "trend": 14798.099967,
        "fair_value": 14011.464412,
        "relative_strength": -35.700972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.947276,
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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."
    }
  }
}