{
  "ticker": {
    "uuid": "fd50d4fa-a8f1-454c-a0f2-b9a7f52ea6c5",
    "symbol": "105780",
    "name": "KB RISE Top 5 Group ETF",
    "exchange": "KSC",
    "country": "KR",
    "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": "^KS11",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 83.832,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -5.948,
    "architecture_energy": 26.164,
    "architecture_maturity": 59.036,
    "architecture_confidence": 76.864,
    "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": 50.75,
        "rotation_up": 14.08,
        "upward_expansion": 42.84,
        "deceleration": 87.64,
        "rotation_down": 51.49,
        "downward_expansion": 39.18
      },
      "activity_lines": [
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        18266.727623,
        17298.156475
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 15760.0,
    "trend_reference": 15857.294889,
    "distance_from_trend": -0.006136,
    "trend_direction": "Improving",
    "fair_value": 8244.310419,
    "distance_from_fair_value": 0.911621,
    "fair_value_direction": "Weakening",
    "relative_strength": 8.490202,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.353278,
    "excess_performance": 0.123449,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.006136,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.249467,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.911621,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.601625,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.084902,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000105,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.353278,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.58517,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26849,
      "relative_activity": 0.29037,
      "balance": 1.58517,
      "dry_up": 0.452986,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.159166,
      "annualized_volatility": 0.540905,
      "from_high_reference": -0.3367,
      "from_low_reference": 1.42514
    },
    "levels": {
      "trend_reference": 15857.294889,
      "fair_value_reference": 8244.310419,
      "structural_low": 11357.634766,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.017028,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.019147,
        "regime_survival": 0.2,
        "best_return": 0.283268,
        "worst_return": -0.042665,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.028245,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.0181,
        "regime_survival": 0.0,
        "best_return": 0.658085,
        "worst_return": -0.092066,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.03387,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.039408,
        "regime_survival": 0.0,
        "best_return": -0.02904,
        "worst_return": -0.0387,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.020054,
        "positive_rate": 0.5,
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        "worst_return": -0.12723,
        "sufficient": false
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    ],
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "relative_strength": 4.450911,
        "stage": 2,
        "regime": "deceleration",
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      },
      {
        "date": "2026-08-07",
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        "volume": 26849,
        "typical_volume": 92464.8,
        "trend": 15857.294889,
        "fair_value": 8244.310419,
        "relative_strength": 8.490202,
        "stage": 2,
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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."
    }
  }
}