{ "ticker": { "uuid": "0f3ba314-7a81-41ed-9701-4161d92e779c", "symbol": "1595", "name": "NZAM ETF J-REIT Index", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.527, "architecture_energy": 21.384, "architecture_maturity": 85.123, "architecture_confidence": 66.649, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.54, "rotation_up": 37.48, "upward_expansion": 22.33, "deceleration": 41.19, "rotation_down": 22.83, "downward_expansion": 53.99 }, "activity_lines": [ 1877.829167, 1866.103822, 1866.67272, 1888.736523 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 1854.0, "trend_reference": 1924.124788, "distance_from_trend": -0.036445, "trend_direction": "Weakening", "fair_value": 1747.646891, "distance_from_fair_value": 0.060855, "fair_value_direction": "Weakening", "relative_strength": -21.242876, "relative_strength_direction": "Improving", "price_momentum": -0.080053, "excess_performance": -0.289311, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.036445, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026241, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.060855, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.037515, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.212429, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030015, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.080053, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.817051, "read": "Demand-led" } ], "volume": { "latest": 745626, "relative_activity": 2.075641, "balance": 2.817051, "dry_up": 2.670495, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.025046, "annualized_volatility": 0.110667, "from_high_reference": -0.111805, "from_low_reference": 0.035754 }, "levels": { "trend_reference": 1924.124788, "fair_value_reference": 1747.646891, 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"down", "direction": -31.253241, "energy": 24.52092, "activity_lines": [ 1873.839795, 1855.738605, 1868.862133, 1895.793567 ] }, { "date": "2026-07-31", "close": 1902.0, "volume": 1265819, "typical_volume": 326600.8, "trend": 1930.651978, "fair_value": 1746.663106, "relative_strength": -18.355254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.059064, "energy": 20.686866, "activity_lines": [ 1885.683748, 1865.812123, 1869.92899, 1893.681812 ] }, { "date": "2026-08-07", "close": 1854.0, "volume": 745626, "typical_volume": 359226.85, "trend": 1924.124788, "fair_value": 1747.646891, "relative_strength": -21.242876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.527382, "energy": 21.384394, "activity_lines": [ 1877.829167, 1866.103822, 1866.67272, 1888.736523 ] } ], "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." } } }