{
  "ticker": {
    "uuid": "d9c898be-720e-4502-8816-ea08f1b37ef0",
    "symbol": "3104",
    "name": "Global X Etf Series Global X Emerging Markets Asia Active Etf",
    "exchange": "HKG",
    "country": "HK",
    "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": 91.120003,
    "direction": "positive",
    "state": "Positive, shorter trend weakening",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 59.720001,
    "boundary_margin": 0.525787,
    "trend_agreement": "Broadly aligned",
    "persistence": "Established",
    "direction_turnover": "Low",
    "annualized_volatility": 0.365966,
    "volatility_stability": 1.1724,
    "risk_context": 0.2732,
    "current_regime": {
      "move": 0.438131,
      "interruption": -0.18458,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 90.0,
    "interpretation": {
      "label": "Positive, shorter trend weakening",
      "headline": "Positive, shorter trend weakening",
      "body": "The Core Trend remains in force, but the Fast Trend now points the other way. That is an early loss of persistence, not yet a regime change.",
      "age_context": "The current Core Trend is established.",
      "boundary_context": "The latest close is 52.6% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-11-28",
        "close": 63.360001,
        "direction_boundary": 54.580002,
        "core_momentum": 0.160865,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176387
      },
      {
        "date": "2025-12-05",
        "close": 63.599998,
        "direction_boundary": 55.700001,
        "core_momentum": 0.141831,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175273
      },
      {
        "date": "2025-12-12",
        "close": 63.400002,
        "direction_boundary": 56.240002,
        "core_momentum": 0.127312,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175448
      },
      {
        "date": "2025-12-19",
        "close": 61.900002,
        "direction_boundary": 54.900002,
        "core_momentum": 0.127505,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.175683
      },
      {
        "date": "2025-12-26",
        "close": 63.459999,
        "direction_boundary": 54.700001,
        "core_momentum": 0.160146,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.173208
      },
      {
        "date": "2026-01-02",
        "close": 66.699997,
        "direction_boundary": 54.700001,
        "core_momentum": 0.219378,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.185064
      },
      {
        "date": "2026-01-09",
        "close": 69.400002,
        "direction_boundary": 54.5,
        "core_momentum": 0.273395,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.191525
      },
      {
        "date": "2026-01-16",
        "close": 70.599998,
        "direction_boundary": 52.799999,
        "core_momentum": 0.337121,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.19137
      },
      {
        "date": "2026-01-23",
        "close": 71.5,
        "direction_boundary": 53.400002,
        "core_momentum": 0.338951,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.19103
      },
      {
        "date": "2026-01-30",
        "close": 74.400002,
        "direction_boundary": 53.700001,
        "core_momentum": 0.385475,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.190164
      },
      {
        "date": "2026-02-06",
        "close": 72.559998,
        "direction_boundary": 52.599998,
        "core_momentum": 0.379468,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.195861
      },
      {
        "date": "2026-02-13",
        "close": 77.699997,
        "direction_boundary": 51.900002,
        "core_momentum": 0.49711,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.21285
      },
      {
        "date": "2026-02-20",
        "close": 79.400002,
        "direction_boundary": 51.900002,
        "core_momentum": 0.529865,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.212261
      },
      {
        "date": "2026-02-27",
        "close": 84.300003,
        "direction_boundary": 50.5,
        "core_momentum": 0.669307,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.221858
      },
      {
        "date": "2026-03-06",
        "close": 78.800003,
        "direction_boundary": 50.459999,
        "core_momentum": 0.561633,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.247722
      },
      {
        "date": "2026-03-13",
        "close": 76.199997,
        "direction_boundary": 49.200001,
        "core_momentum": 0.54878,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.252554
      },
      {
        "date": "2026-03-20",
        "close": 77.900002,
        "direction_boundary": 50.360001,
        "core_momentum": 0.546863,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.252811
      },
      {
        "date": "2026-03-27",
        "close": 74.639999,
        "direction_boundary": 51.0,
        "core_momentum": 0.463529,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.25994
      },
      {
        "date": "2026-04-03",
        "close": 73.400002,
        "direction_boundary": 50.299999,
        "core_momentum": 0.459245,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.261778
      },
      {
        "date": "2026-04-10",
        "close": 79.980003,
        "direction_boundary": 48.299999,
        "core_momentum": 0.655901,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.283976
      },
      {
        "date": "2026-04-17",
        "close": 85.339996,
        "direction_boundary": 50.0,
        "core_momentum": 0.7068,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.294295
      },
      {
        "date": "2026-04-24",
        "close": 89.599998,
        "direction_boundary": 50.799999,
        "core_momentum": 0.76378,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.298733
      },
      {
        "date": "2026-05-01",
        "close": 91.400002,
        "direction_boundary": 53.0,
        "core_momentum": 0.724528,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.292698
      },
      {
        "date": "2026-05-08",
        "close": 99.599998,
        "direction_boundary": 52.799999,
        "core_momentum": 0.886364,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.281709
      },
      {
        "date": "2026-05-15",
        "close": 96.800003,
        "direction_boundary": 55.200001,
        "core_momentum": 0.753623,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.288882
      },
      {
        "date": "2026-05-22",
        "close": 99.139999,
        "direction_boundary": 55.0,
        "core_momentum": 0.802545,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.282992
      },
      {
        "date": "2026-05-29",
        "close": 106.0,
        "direction_boundary": 55.299999,
        "core_momentum": 0.916817,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.291026
      },
      {
        "date": "2026-06-05",
        "close": 100.800003,
        "direction_boundary": 56.360001,
        "core_momentum": 0.788503,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.306243
      },
      {
        "date": "2026-06-12",
        "close": 101.0,
        "direction_boundary": 56.900002,
        "core_momentum": 0.775044,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.305626
      },
      {
        "date": "2026-06-19",
        "close": 108.949997,
        "direction_boundary": 58.599998,
        "core_momentum": 0.859215,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.309571
      },
      {
        "date": "2026-06-26",
        "close": 101.199997,
        "direction_boundary": 60.560001,
        "core_momentum": 0.67107,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.336629
      },
      {
        "date": "2026-07-03",
        "close": 101.949997,
        "direction_boundary": 60.200001,
        "core_momentum": 0.693522,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.33373
      },
      {
        "date": "2026-07-10",
        "close": 95.18,
        "direction_boundary": 60.299999,
        "core_momentum": 0.578441,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.35191
      },
      {
        "date": "2026-07-17",
        "close": 88.839996,
        "direction_boundary": 59.900002,
        "core_momentum": 0.483138,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.369283
      },
      {
        "date": "2026-07-24",
        "close": 90.620003,
        "direction_boundary": 60.900002,
        "core_momentum": 0.488013,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.369565
      },
      {
        "date": "2026-07-31",
        "close": 89.18,
        "direction_boundary": 59.259998,
        "core_momentum": 0.504894,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.368408
      },
      {
        "date": "2026-08-07",
        "close": 91.120003,
        "direction_boundary": 59.720001,
        "core_momentum": 0.525787,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.365966
      }
    ],
    "price_history": [
      {
        "date": "2024-11-29",
        "close": 54.580002,
        "volume": 50
      },
      {
        "date": "2024-12-06",
        "close": 55.700001,
        "volume": 50
      },
      {
        "date": "2024-12-13",
        "close": 56.240002,
        "volume": 50
      },
      {
        "date": "2024-12-20",
        "close": 54.900002,
        "volume": 0
      },
      {
        "date": "2024-12-27",
        "close": 54.700001,
        "volume": 0
      },
      {
        "date": "2025-01-03",
        "close": 54.700001,
        "volume": 0
      },
      {
        "date": "2025-01-10",
        "close": 54.5,
        "volume": 0
      },
      {
        "date": "2025-01-17",
        "close": 52.799999,
        "volume": 0
      },
      {
        "date": "2025-01-24",
        "close": 53.400002,
        "volume": 0
      },
      {
        "date": "2025-01-31",
        "close": 53.700001,
        "volume": 0
      },
      {
        "date": "2025-02-07",
        "close": 52.599998,
        "volume": 0
      },
      {
        "date": "2025-02-14",
        "close": 51.900002,
        "volume": 200
      },
      {
        "date": "2025-02-21",
        "close": 51.900002,
        "volume": 0
      },
      {
        "date": "2025-02-28",
        "close": 50.5,
        "volume": 0
      },
      {
        "date": "2025-03-07",
        "close": 50.459999,
        "volume": 0
      },
      {
        "date": "2025-03-14",
        "close": 49.200001,
        "volume": 0
      },
      {
        "date": "2025-03-21",
        "close": 50.360001,
        "volume": 0
      },
      {
        "date": "2025-03-28",
        "close": 51.0,
        "volume": 0
      },
      {
        "date": "2025-04-04",
        "close": 50.299999,
        "volume": 0
      },
      {
        "date": "2025-04-11",
        "close": 48.299999,
        "volume": 4400
      },
      {
        "date": "2025-04-18",
        "close": 50.0,
        "volume": 0
      },
      {
        "date": "2025-04-25",
        "close": 50.799999,
        "volume": 0
      },
      {
        "date": "2025-05-02",
        "close": 53.0,
        "volume": 2500
      },
      {
        "date": "2025-05-09",
        "close": 52.799999,
        "volume": 0
      },
      {
        "date": "2025-05-16",
        "close": 55.200001,
        "volume": 200
      },
      {
        "date": "2025-05-23",
        "close": 55.0,
        "volume": 0
      },
      {
        "date": "2025-05-30",
        "close": 55.299999,
        "volume": 0
      },
      {
        "date": "2025-06-06",
        "close": 56.360001,
        "volume": 0
      },
      {
        "date": "2025-06-13",
        "close": 56.900002,
        "volume": 1800
      },
      {
        "date": "2025-06-20",
        "close": 58.599998,
        "volume": 0
      },
      {
        "date": "2025-06-27",
        "close": 60.560001,
        "volume": 0
      },
      {
        "date": "2025-07-04",
        "close": 60.200001,
        "volume": 300
      },
      {
        "date": "2025-07-11",
        "close": 60.299999,
        "volume": 0
      },
      {
        "date": "2025-07-18",
        "close": 59.900002,
        "volume": 200
      },
      {
        "date": "2025-07-25",
        "close": 60.900002,
        "volume": 200
      },
      {
        "date": "2025-08-01",
        "close": 59.259998,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 59.720001,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 59.700001,
        "volume": 250
      },
      {
        "date": "2025-08-22",
        "close": 59.400002,
        "volume": 0
      },
      {
        "date": "2025-08-29",
        "close": 59.34,
        "volume": 0
      },
      {
        "date": "2025-09-05",
        "close": 59.060001,
        "volume": 0
      },
      {
        "date": "2025-09-12",
        "close": 61.200001,
        "volume": 0
      },
      {
        "date": "2025-09-19",
        "close": 62.400002,
        "volume": 0
      },
      {
        "date": "2025-09-26",
        "close": 61.200001,
        "volume": 6076
      },
      {
        "date": "2025-10-03",
        "close": 62.200001,
        "volume": 0
      },
      {
        "date": "2025-10-10",
        "close": 63.099998,
        "volume": 0
      },
      {
        "date": "2025-10-17",
        "close": 64.0,
        "volume": 0
      },
      {
        "date": "2025-10-24",
        "close": 64.360001,
        "volume": 0
      },
      {
        "date": "2025-10-31",
        "close": 68.0,
        "volume": 0
      },
      {
        "date": "2025-11-07",
        "close": 63.0,
        "volume": 0
      },
      {
        "date": "2025-11-14",
        "close": 63.900002,
        "volume": 0
      },
      {
        "date": "2025-11-21",
        "close": 62.34,
        "volume": 0
      },
      {
        "date": "2025-11-28",
        "close": 63.360001,
        "volume": 0
      },
      {
        "date": "2025-12-05",
        "close": 63.599998,
        "volume": 0
      },
      {
        "date": "2025-12-12",
        "close": 63.400002,
        "volume": 0
      },
      {
        "date": "2025-12-19",
        "close": 61.900002,
        "volume": 0
      },
      {
        "date": "2025-12-26",
        "close": 63.459999,
        "volume": 0
      },
      {
        "date": "2026-01-02",
        "close": 66.699997,
        "volume": 0
      },
      {
        "date": "2026-01-09",
        "close": 69.400002,
        "volume": 650
      },
      {
        "date": "2026-01-16",
        "close": 70.599998,
        "volume": 150
      },
      {
        "date": "2026-01-23",
        "close": 71.5,
        "volume": 5000
      },
      {
        "date": "2026-01-30",
        "close": 74.400002,
        "volume": 50
      },
      {
        "date": "2026-02-06",
        "close": 72.559998,
        "volume": 6000
      },
      {
        "date": "2026-02-13",
        "close": 77.699997,
        "volume": 0
      },
      {
        "date": "2026-02-20",
        "close": 79.400002,
        "volume": 1550
      },
      {
        "date": "2026-02-27",
        "close": 84.300003,
        "volume": 3150
      },
      {
        "date": "2026-03-06",
        "close": 78.800003,
        "volume": 7250
      },
      {
        "date": "2026-03-13",
        "close": 76.199997,
        "volume": 3050
      },
      {
        "date": "2026-03-20",
        "close": 77.900002,
        "volume": 855
      },
      {
        "date": "2026-03-27",
        "close": 74.639999,
        "volume": 2700
      },
      {
        "date": "2026-04-03",
        "close": 73.400002,
        "volume": 80
      },
      {
        "date": "2026-04-10",
        "close": 79.980003,
        "volume": 4600
      },
      {
        "date": "2026-04-17",
        "close": 85.339996,
        "volume": 200
      },
      {
        "date": "2026-04-24",
        "close": 89.599998,
        "volume": 50
      },
      {
        "date": "2026-05-01",
        "close": 91.400002,
        "volume": 550
      },
      {
        "date": "2026-05-08",
        "close": 99.599998,
        "volume": 300
      },
      {
        "date": "2026-05-15",
        "close": 96.800003,
        "volume": 1050
      },
      {
        "date": "2026-05-22",
        "close": 99.139999,
        "volume": 0
      },
      {
        "date": "2026-05-29",
        "close": 106.0,
        "volume": 1000
      },
      {
        "date": "2026-06-05",
        "close": 100.800003,
        "volume": 250
      },
      {
        "date": "2026-06-12",
        "close": 101.0,
        "volume": 0
      },
      {
        "date": "2026-06-19",
        "close": 108.949997,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 101.199997,
        "volume": 0
      },
      {
        "date": "2026-07-03",
        "close": 101.949997,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 95.18,
        "volume": 4650
      },
      {
        "date": "2026-07-17",
        "close": 88.839996,
        "volume": 0
      },
      {
        "date": "2026-07-24",
        "close": 90.620003,
        "volume": 0
      },
      {
        "date": "2026-07-31",
        "close": 89.18,
        "volume": 50
      },
      {
        "date": "2026-08-07",
        "close": 91.120003,
        "volume": 0
      }
    ],
    "sharemaestro_context": {
      "trend": 87.603333,
      "fair_value": 67.748989,
      "market_activity": 6.122552,
      "market_dynamics": -0.47609,
      "relative_strength": 17.664989
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.140549,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.090943,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.258481,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.016076,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.760097,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.231611,
        "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": "positive",
        "start": "2025-11-28",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.438131
      }
    ]
  }
}