{ "ticker": { "uuid": "164c0d5c-6405-4bd5-8ff2-c1ba75d930be", "symbol": "FLEU", "name": "FRANKLIN TEMPLETON ETF TR FTSE EUROZONE 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 77.789, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 75.206, "architecture_energy": 55.539, "architecture_maturity": 22.732, "architecture_confidence": 79.904, "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": 26.52, "rotation_up": 56.21, "upward_expansion": 80.39, "deceleration": 53.97, "rotation_down": 19.71, "downward_expansion": 9.39 }, "activity_lines": [ 35.993587, 35.746027, 35.248103, 34.808577 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 36.9873, "trend_reference": 34.464445, "distance_from_trend": 0.073202, "trend_direction": "Improving", "fair_value": 27.631226, "distance_from_fair_value": 0.338605, "fair_value_direction": "Improving", "relative_strength": -1.292311, "relative_strength_direction": "Improving", "price_momentum": 0.059022, "excess_performance": -0.066603, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073202, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029236, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.338605, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039282, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.012923, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.032018, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.059022, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.748377, "read": "Supply-led" } ], "volume": { "latest": 30656, "relative_activity": 0.863123, "balance": 0.748377, "dry_up": 0.679981, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.03068, "annualized_volatility": 0.209045, "from_high_reference": -0.00438, "from_low_reference": 0.227246 }, "levels": { "trend_reference": 34.464445, "fair_value_reference": 27.631226, "structural_low": 30.9646, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.012936, "positive_rate": 0.575, "directional_follow_through": 0.575, "median_excess_return": -0.004413, "regime_survival": 0.75, "best_return": 0.080698, "worst_return": -0.097074, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.034799, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.024426, "regime_survival": 0.642857, "best_return": 0.134354, "worst_return": -0.060739, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.076928, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.013953, "regime_survival": 0.625, "best_return": 0.17452, "worst_return": -0.121385, "sufficient": true }, { "horizon": "Full 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"activity_lines": [ 35.420676, 35.287855, 34.736551, 34.474614 ] }, { "date": "2026-07-24", "close": 35.07, "volume": 18138, "typical_volume": 39555.85, "trend": 34.286541, "fair_value": 27.444546, "relative_strength": -2.09048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.962388, "energy": 28.599032, "activity_lines": [ 35.277927, 35.296353, 34.830108, 34.529009 ] }, { "date": "2026-07-31", "close": 36.0, "volume": 29098, "typical_volume": 36628.95, "trend": 34.367458, "fair_value": 27.534508, "relative_strength": -0.590787, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.716529, "energy": 34.60694, "activity_lines": [ 35.49754, 35.444783, 35.001612, 34.639555 ] }, { "date": "2026-08-07", "close": 36.9873, "volume": 30656, "typical_volume": 35517.55, "trend": 34.464445, "fair_value": 27.631226, "relative_strength": -1.292311, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.20592, "energy": 55.539096, "activity_lines": [ 35.993587, 35.746027, 35.248103, 34.808577 ] } ], "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." } } }