{ "ticker": { "uuid": "e60cb870-35e2-436f-bccd-dd6a2b5809c1", "symbol": "00882", "name": "CTBC Hang Seng China High Dividend Yield 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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 70.892, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -36.768, "architecture_energy": 23.31, "architecture_maturity": 62.585, "architecture_confidence": 83.694, "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": 41.43, "rotation_up": 31.36, "upward_expansion": 17.97, "deceleration": 44.15, "rotation_down": 26.97, "downward_expansion": 63.3 }, "activity_lines": [ 14.989126, 14.839303, 15.120667, 15.302943 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 14.96, "trend_reference": 15.453328, "distance_from_trend": -0.031924, "trend_direction": "Improving", "fair_value": 11.927091, "distance_from_fair_value": 0.254287, "fair_value_direction": "Weakening", "relative_strength": -26.86163, "relative_strength_direction": "Weakening", "price_momentum": -0.043478, "excess_performance": -0.42279, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.031924, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.001164, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.254287, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.141941, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.268616, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.017447, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.043478, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.509507, "read": "Demand-led" } ], "volume": { "latest": 25865314, "relative_activity": 0.711736, "balance": 1.509507, "dry_up": 1.334524, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.032927, "annualized_volatility": 0.143059, "from_high_reference": -0.090024, "from_low_reference": 0.163784 }, "levels": { "trend_reference": 15.453328, "fair_value_reference": 11.927091, "structural_low": 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14.617967, 14.77257, 15.163618, 15.337919 ] }, { "date": "2026-07-31", "close": 15.38, "volume": 72023551, "typical_volume": 36741852.6, "trend": 15.449817, "fair_value": 11.893771, "relative_strength": -23.564779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.155519, "energy": 30.075224, "activity_lines": [ 14.915596, 14.840391, 15.160095, 15.334544 ] }, { "date": "2026-08-07", "close": 14.96, "volume": 25865314, "typical_volume": 36341167.65, "trend": 15.453328, "fair_value": 11.927091, "relative_strength": -26.86163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.768484, "energy": 23.309849, "activity_lines": [ 14.989126, 14.839303, 15.120667, 15.302943 ] } ], "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." } } }