{ "ticker": { "uuid": "ef9a01a0-1f22-45db-812d-1d383b5c5849", "symbol": "MEM", "name": "MATTHEWS ASIAN FUNDS EMERGING MARKETS EQUITY ACTIVE ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.916, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 19.339, "architecture_energy": 16.787, "architecture_maturity": 52.584, "architecture_confidence": 87.315, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 54.35, "rotation_up": 22.17, "upward_expansion": 47.46, "deceleration": 84.32, "rotation_down": 35.65, "downward_expansion": 27.79 }, "activity_lines": [ 42.854413, 43.303978, 43.380102, 42.492775 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 43.8028, "trend_reference": 41.373537, "distance_from_trend": 0.058715, "trend_direction": "Improving", "fair_value": 31.007839, "distance_from_fair_value": 0.412636, "fair_value_direction": "Weakening", "relative_strength": 1.481209, "relative_strength_direction": "Weakening", "price_momentum": 0.110275, "excess_performance": -0.01535, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058715, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068981, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.412636, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.111594, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.014812, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.115683, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.110275, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.57614, "read": "Demand-led" } ], "volume": { "latest": 15920, "relative_activity": 0.717237, "balance": 1.57614, "dry_up": 0.701829, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.051922, "annualized_volatility": 0.285557, "from_high_reference": -0.078418, "from_low_reference": 0.378246 }, "levels": { "trend_reference": 41.373537, "fair_value_reference": 31.007839, "structural_low": 35.74, "invalidation": "A 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"fair_value": 30.670966, "relative_strength": 1.575364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.085467, "energy": 20.101273, "activity_lines": [ 43.440333, 43.930458, 43.155851, 42.145499 ] }, { "date": "2026-07-24", "close": 41.8558, "volume": 5306, "typical_volume": 22307.15, "trend": 40.97112, "fair_value": 30.773255, "relative_strength": 1.911633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.741385, "energy": 19.783352, "activity_lines": [ 42.675907, 43.536729, 43.165738, 42.215421 ] }, { "date": "2026-07-31", "close": 42.6285, "volume": 16676, "typical_volume": 22229.75, "trend": 41.1612, "fair_value": 30.885478, "relative_strength": 2.441009, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.808749, "energy": 18.925279, "activity_lines": [ 42.517327, 43.305325, 43.229669, 42.322349 ] }, { "date": "2026-08-07", "close": 43.8028, "volume": 15920, "typical_volume": 22196.3, "trend": 41.373537, "fair_value": 31.007839, "relative_strength": 1.481209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.339127, "energy": 16.786699, "activity_lines": [ 42.854413, 43.303978, 43.380102, 42.492775 ] } ], "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." } } }