{ "ticker": { "uuid": "14f38194-89d1-4e02-87e6-6df51f53ee79", "symbol": "JEPQ", "name": "JPMORGAN NASDAQ EQUITY PREMIUM INCOME ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.73, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.202, "architecture_energy": 21.708, "architecture_maturity": 54.024, "architecture_confidence": 79.357, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 40.89, "rotation_up": 28.83, "upward_expansion": 55.48, "deceleration": 88.1, "rotation_down": 35.17, "downward_expansion": 21.48 }, "activity_lines": [ 58.408827, 58.625139, 58.612293, 57.977127 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 59.74, "trend_reference": 57.253848, "distance_from_trend": 0.043423, "trend_direction": "Improving", "fair_value": 47.51435, "distance_from_fair_value": 0.257304, "fair_value_direction": "Weakening", "relative_strength": -6.176141, "relative_strength_direction": "Improving", "price_momentum": 0.069033, "excess_performance": -0.11842, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043423, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022389, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.257304, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.026305, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.061761, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022092, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.069033, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.654142, "read": "Demand-led" } ], "volume": { "latest": 38802096, "relative_activity": 1.147562, "balance": 1.654142, "dry_up": 1.11987, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.032631, "annualized_volatility": 0.144177, "from_high_reference": -0.021845, "from_low_reference": 0.197791 }, "levels": { "trend_reference": 57.253848, "fair_value_reference": 47.51435, "structural_low": 51.967153, "invalidation": "A 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"2026-07-24", "close": 57.267984, "volume": 32768044, "typical_volume": 33436295.25, "trend": 57.077138, "fair_value": 47.218553, "relative_strength": -5.19281, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.867327, "energy": 16.920429, "activity_lines": [ 58.207218, 58.710026, 58.429177, 57.77898 ] }, { "date": "2026-07-31", "close": 57.554522, "volume": 43146363, "typical_volume": 33467838.25, "trend": 57.146102, "fair_value": 47.358214, "relative_strength": -5.124564, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.027186, "energy": 16.059397, "activity_lines": [ 57.902319, 58.45548, 58.422916, 57.809779 ] }, { "date": "2026-08-07", "close": 59.74, "volume": 38802096, "typical_volume": 33812629.2, "trend": 57.253848, "fair_value": 47.51435, "relative_strength": -6.176141, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.201721, "energy": 21.708203, "activity_lines": [ 58.408827, 58.625139, 58.612293, 57.977127 ] } ], "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." } } }