{
  "ticker": {
    "uuid": "0114307e-5f48-4be1-ace9-6aebf98f6684",
    "symbol": "SCJ",
    "name": "ISHARES INC MSCI JAPAN SMALL-CAP 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.717,
    "architecture_energy": 43.943,
    "architecture_maturity": 61.808,
    "architecture_confidence": 65.272,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 26.42,
        "rotation_up": 48.85,
        "upward_expansion": 74.34,
        "deceleration": 66.54,
        "rotation_down": 26.6,
        "downward_expansion": 10.01
      },
      "activity_lines": [
        106.551333,
        106.172415,
        104.903799,
        103.479964
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 109.5,
    "trend_reference": 101.785019,
    "distance_from_trend": 0.075797,
    "trend_direction": "Improving",
    "fair_value": 79.299962,
    "distance_from_fair_value": 0.380833,
    "fair_value_direction": "Improving",
    "relative_strength": 1.217325,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.104295,
    "excess_performance": -0.02133,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075797,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.052066,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.380833,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.012566,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012173,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008365,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.104295,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.648325,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 234520,
      "relative_activity": 0.917888,
      "balance": 3.648325,
      "dry_up": 0.78309,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.027777,
      "annualized_volatility": 0.211985,
      "from_high_reference": -0.001596,
      "from_low_reference": 0.281459
    },
    "levels": {
      "trend_reference": 101.785019,
      "fair_value_reference": 79.299962,
      "structural_low": 92.695138,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.01473,
        "positive_rate": 0.65625,
        "directional_follow_through": 0.65625,
        "median_excess_return": -0.012071,
        "regime_survival": 0.8125,
        "best_return": 0.102578,
        "worst_return": -0.113796,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.02005,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.05368,
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        "worst_return": -0.113971,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.060783,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.07802,
        "regime_survival": 0.285714,
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        "worst_return": -0.171689,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.091006,
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.25,
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        "worst_return": -0.283291,
        "sufficient": false
      }
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        "end": "2024-07-12",
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        "regime": "balance",
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 342814.2,
        "trend": 100.376742,
        "fair_value": 78.504942,
        "relative_strength": -0.072706,
        "stage": 2,
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      },
      {
        "date": "2026-07-24",
        "close": 104.66,
        "volume": 143135,
        "typical_volume": 289970.35,
        "trend": 100.822161,
        "fair_value": 78.750448,
        "relative_strength": 1.359409,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 56.918894,
        "energy": 39.642132,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 105.46,
        "volume": 255478,
        "typical_volume": 273760.95,
        "trend": 101.28929,
        "fair_value": 79.012948,
        "relative_strength": 0.960051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.981314,
        "energy": 29.391847,
        "activity_lines": [
          105.297707,
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      },
      {
        "date": "2026-08-07",
        "close": 109.5,
        "volume": 234520,
        "typical_volume": 255499.55,
        "trend": 101.785019,
        "fair_value": 79.299962,
        "relative_strength": 1.217325,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.716627,
        "energy": 43.943379,
        "activity_lines": [
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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."
    }
  }
}