{ "ticker": { "uuid": "096e5e9e-b04b-43e8-887f-3a647303f3a2", "symbol": "JHML", "name": "JOHN HANCOCK EXCHANGE TRADED FD TR MULTIFACTOR LARGE 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": 95.919, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.357, "architecture_energy": 62.092, "architecture_maturity": 53.03, "architecture_confidence": 81.086, "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": 11.51, "rotation_up": 58.04, "upward_expansion": 82.95, "deceleration": 62.01, "rotation_down": 26.15, "downward_expansion": 9.62 }, "activity_lines": [ 89.729427, 89.203784, 88.08532, 86.441881 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 91.68, "trend_reference": 84.593481, "distance_from_trend": 0.083771, "trend_direction": "Improving", "fair_value": 69.894379, "distance_from_fair_value": 0.311693, "fair_value_direction": "Improving", "relative_strength": -0.083234, "relative_strength_direction": "Improving", "price_momentum": 0.111205, "excess_performance": -0.01442, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083771, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037734, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.311693, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020578, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000832, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011216, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.111205, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.606274, "read": "Demand-led" } ], "volume": { "latest": 144772, "relative_activity": 1.043074, "balance": 1.606274, "dry_up": 1.194739, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.020341, "annualized_volatility": 0.120221, "from_high_reference": -0.003965, "from_low_reference": 0.233421 }, "levels": { "trend_reference": 84.593481, "fair_value_reference": 69.894379, "structural_low": 75.9, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.141484, "energy": 60.23963, "activity_lines": [ 88.784569, 88.444545, 86.802481, 85.343582 ] }, { "date": "2026-07-24", "close": 88.3134, "volume": 268495, "typical_volume": 138682.0, "trend": 83.972081, "fair_value": 69.424522, "relative_strength": 0.72702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.017022, "energy": 53.447773, "activity_lines": [ 88.660067, 88.489056, 87.143511, 85.639713 ] }, { "date": "2026-07-31", "close": 88.99, "volume": 103406, "typical_volume": 136350.45, "trend": 84.264314, "fair_value": 69.650394, "relative_strength": 0.39669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.837935, "energy": 51.84502, "activity_lines": [ 88.787747, 88.616851, 87.510535, 85.963449 ] }, { "date": "2026-08-07", "close": 91.68, "volume": 144772, "typical_volume": 138793.55, "trend": 84.593481, "fair_value": 69.894379, "relative_strength": -0.083234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.356751, "energy": 62.091899, "activity_lines": [ 89.729427, 89.203784, 88.08532, 86.441881 ] } ], "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." } } }