{
  "ticker": {
    "uuid": "71532041-c8f5-4b2e-88e0-541a901b0163",
    "symbol": "HSTE",
    "name": "HSBC Hang Seng Tech UCITS ETF",
    "exchange": "EBS",
    "country": "CH",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 6.8,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 7.591,
    "boundary_margin": -0.104202,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.251287,
    "volatility_stability": 0.9653,
    "risk_context": 0.398,
    "current_regime": {
      "move": 0.055901,
      "interruption": 0.055901,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 73.979,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 10.4% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-17",
        "close": 6.44,
        "direction_boundary": 7.818,
        "core_momentum": -0.17626,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.247675
      },
      {
        "date": "2026-07-24",
        "close": 6.442,
        "direction_boundary": 7.868,
        "core_momentum": -0.18124,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.248003
      },
      {
        "date": "2026-07-31",
        "close": 6.709,
        "direction_boundary": 7.592,
        "core_momentum": -0.116307,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.256672
      },
      {
        "date": "2026-08-07",
        "close": 6.8,
        "direction_boundary": 7.591,
        "core_momentum": -0.104202,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.251287
      }
    ],
    "price_history": [
      {
        "date": "2025-07-18",
        "close": 7.818,
        "volume": 330865
      },
      {
        "date": "2025-07-25",
        "close": 7.868,
        "volume": 224938
      },
      {
        "date": "2025-08-01",
        "close": 7.592,
        "volume": 150512
      },
      {
        "date": "2025-08-08",
        "close": 7.591,
        "volume": 109193
      },
      {
        "date": "2025-08-15",
        "close": 7.691,
        "volume": 112732
      },
      {
        "date": "2025-08-22",
        "close": 8.002,
        "volume": 204427
      },
      {
        "date": "2025-08-29",
        "close": 7.91,
        "volume": 2005049
      },
      {
        "date": "2025-09-05",
        "close": 7.932,
        "volume": 82584
      },
      {
        "date": "2025-09-12",
        "close": 8.355,
        "volume": 198928
      },
      {
        "date": "2025-09-19",
        "close": 8.806,
        "volume": 534821
      },
      {
        "date": "2025-09-26",
        "close": 8.691,
        "volume": 513270
      },
      {
        "date": "2025-10-03",
        "close": 9.26,
        "volume": 343159
      },
      {
        "date": "2025-10-10",
        "close": 8.398,
        "volume": 206397
      },
      {
        "date": "2025-10-17",
        "close": 8.271,
        "volume": 675489
      },
      {
        "date": "2025-10-24",
        "close": 8.344,
        "volume": 277920
      },
      {
        "date": "2025-10-31",
        "close": 8.303,
        "volume": 273773
      },
      {
        "date": "2025-11-07",
        "close": 8.12,
        "volume": 244517
      },
      {
        "date": "2025-11-14",
        "close": 8.177,
        "volume": 65824
      },
      {
        "date": "2025-11-21",
        "close": 7.559,
        "volume": 110856
      },
      {
        "date": "2025-11-28",
        "close": 7.823,
        "volume": 61878
      },
      {
        "date": "2025-12-05",
        "close": 7.933,
        "volume": 57688
      },
      {
        "date": "2025-12-12",
        "close": 7.773,
        "volume": 285756
      },
      {
        "date": "2025-12-19",
        "close": 7.68,
        "volume": 359856
      },
      {
        "date": "2025-12-26",
        "close": 7.663,
        "volume": 150710
      },
      {
        "date": "2026-01-02",
        "close": 7.806,
        "volume": 25046
      },
      {
        "date": "2026-01-09",
        "close": 7.979,
        "volume": 606578
      },
      {
        "date": "2026-01-16",
        "close": 8.13,
        "volume": 276263
      },
      {
        "date": "2026-01-23",
        "close": 8.07,
        "volume": 209141
      },
      {
        "date": "2026-01-30",
        "close": 7.919,
        "volume": 278193
      },
      {
        "date": "2026-02-06",
        "close": 7.558,
        "volume": 196108
      },
      {
        "date": "2026-02-13",
        "close": 7.372,
        "volume": 633071
      },
      {
        "date": "2026-02-20",
        "close": 7.26,
        "volume": 43881
      },
      {
        "date": "2026-02-27",
        "close": 7.128,
        "volume": 155051
      },
      {
        "date": "2026-03-06",
        "close": 6.715,
        "volume": 218253
      },
      {
        "date": "2026-03-13",
        "close": 6.938,
        "volume": 213629
      },
      {
        "date": "2026-03-20",
        "close": 6.669,
        "volume": 107481
      },
      {
        "date": "2026-03-27",
        "close": 6.506,
        "volume": 182730
      },
      {
        "date": "2026-04-03",
        "close": 6.482,
        "volume": 84826
      },
      {
        "date": "2026-04-10",
        "close": 6.789,
        "volume": 167199
      },
      {
        "date": "2026-04-17",
        "close": 7.184,
        "volume": 156757
      },
      {
        "date": "2026-04-24",
        "close": 6.848,
        "volume": 56688
      },
      {
        "date": "2026-05-01",
        "close": 6.871,
        "volume": 42802
      },
      {
        "date": "2026-05-08",
        "close": 7.084,
        "volume": 280272
      },
      {
        "date": "2026-05-15",
        "close": 6.847,
        "volume": 419180
      },
      {
        "date": "2026-05-22",
        "close": 6.608,
        "volume": 485559
      },
      {
        "date": "2026-05-29",
        "close": 6.819,
        "volume": 365595
      },
      {
        "date": "2026-06-05",
        "close": 6.691,
        "volume": 4531
      },
      {
        "date": "2026-06-12",
        "close": 6.529,
        "volume": 0
      },
      {
        "date": "2026-06-19",
        "close": 6.404,
        "volume": 1930
      },
      {
        "date": "2026-06-26",
        "close": 6.035,
        "volume": 56165
      },
      {
        "date": "2026-07-03",
        "close": 6.25,
        "volume": 800
      },
      {
        "date": "2026-07-10",
        "close": 6.621,
        "volume": 204762
      },
      {
        "date": "2026-07-17",
        "close": 6.44,
        "volume": 133675
      },
      {
        "date": "2026-07-24",
        "close": 6.442,
        "volume": 61278
      },
      {
        "date": "2026-07-31",
        "close": 6.709,
        "volume": 38728
      },
      {
        "date": "2026-08-07",
        "close": 6.8,
        "volume": 106180
      }
    ],
    "sharemaestro_context": {
      "trend": 6.8906,
      "fair_value": 7.429696,
      "market_activity": -57.747055,
      "market_dynamics": 0.015041,
      "relative_strength": -17.643644
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "negative",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.055901
      }
    ]
  }
}