{ "ticker": { "uuid": "012d00d5-d930-49ca-a68a-bd968fbb2396", "symbol": "TEI", "name": "Templeton Emerging Markets Income Fund Inc", "exchange": "NYSE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 79.257, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.451, "architecture_energy": 56.193, "architecture_maturity": 14.547, "architecture_confidence": 80.073, "architecture_tenure": "Developing", "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": 21.03, "rotation_up": 62.29, "upward_expansion": 82.68, "deceleration": 51.91, "rotation_down": 17.17, "downward_expansion": 9.34 }, "activity_lines": [ 6.698924, 6.65177, 6.526537, 6.464838 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 6.8, "trend_reference": 6.434275, "distance_from_trend": 0.05684, "trend_direction": "Improving", "fair_value": 4.920322, "distance_from_fair_value": 0.382023, "fair_value_direction": "Improving", "relative_strength": -1.454026, "relative_strength_direction": "Improving", "price_momentum": 0.012137, "excess_performance": -0.113488, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05684, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029789, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.382023, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026023, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01454, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013748, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.012137, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.241419, "read": "Demand-led" } ], "volume": { "latest": 576724, "relative_activity": 0.811147, "balance": 3.241419, "dry_up": 0.716651, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.030305, "annualized_volatility": 0.198361, "from_high_reference": -0.013541, "from_low_reference": 0.279831 }, "levels": { "trend_reference": 6.434275, "fair_value_reference": 4.920322, "structural_low": 5.664705, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.025165, "positive_rate": 0.703704, "directional_follow_through": 0.703704, "median_excess_return": 0.007055, "regime_survival": 0.851852, "best_return": 0.056762, "worst_return": -0.110465, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.046088, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.037836, "regime_survival": 0.5, "best_return": 0.169674, "worst_return": -0.091253, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.035939, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.062466, "regime_survival": 0.166667, "best_return": 0.202973, "worst_return": -0.054792, "sufficient": true }, { "horizon": 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"close": 6.8, "volume": 576724, "typical_volume": 710998.0, "trend": 6.434275, "fair_value": 4.920322, "relative_strength": -1.454026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.450622, "energy": 56.192735, "activity_lines": [ 6.698924, 6.65177, 6.526537, 6.464838 ] } ], "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." } } }