{ "ticker": { "uuid": "146b1cb2-53ed-42ab-b73c-3c68e749195a", "symbol": "00763U", "name": "JKO Dow Jones Copper ER Futures ETF", "exchange": "TAI", "country": "TW", "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": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 76.438, "architecture_energy": 67.018, "architecture_maturity": 17.529, "architecture_confidence": 67.077, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 23.85, "rotation_up": 67.42, "upward_expansion": 84.04, "deceleration": 49.27, "rotation_down": 14.41, "downward_expansion": 15.37 }, "activity_lines": [ 34.537334, 33.965455, 33.691715, 33.22957 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 35.860001, "trend_reference": 32.775334, "distance_from_trend": 0.094116, "trend_direction": "Improving", "fair_value": 27.494295, "distance_from_fair_value": 0.304271, "fair_value_direction": "Improving", "relative_strength": -13.426787, "relative_strength_direction": "Improving", "price_momentum": 0.073974, "excess_performance": -0.305338, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094116, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04833, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.304271, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.061558, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.134268, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.113051, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.073974, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.702356, "read": "Demand-led" } ], "volume": { "latest": 3145820, "relative_activity": 0.830158, "balance": 2.702356, "dry_up": 0.946551, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.036252, "annualized_volatility": 0.2018, "from_high_reference": -0.003058, "from_low_reference": 0.460693 }, "levels": { "trend_reference": 32.775334, "fair_value_reference": 27.494295, "structural_low": 28.75, "invalidation": "A 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33.106858, 32.795807 ] }, { "date": "2026-07-24", "close": 33.709999, "volume": 3664037, "typical_volume": 4173250.2, "trend": 32.527333, "fair_value": 27.35609, "relative_strength": -18.926261, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.18658, "energy": 17.112505, "activity_lines": [ 33.146667, 33.365455, 33.212619, 32.879871 ] }, { "date": "2026-07-31", "close": 34.720001, "volume": 2937180, "typical_volume": 3994823.4, "trend": 32.632333, "fair_value": 27.422244, "relative_strength": -14.459543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.780497, "energy": 31.657857, "activity_lines": [ 33.738, 33.566909, 33.405381, 33.021334 ] }, { "date": "2026-08-07", "close": 35.860001, "volume": 3145820, "typical_volume": 3789424.55, "trend": 32.775334, "fair_value": 27.494295, "relative_strength": -13.426787, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.438376, "energy": 67.017931, "activity_lines": [ 34.537334, 33.965455, 33.691715, 33.22957 ] } ], "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." } } }