{ "ticker": { "uuid": "1de5f422-2a34-4f8d-9af3-eedcc546540c", "symbol": "JEPI", "name": "JP MORGAN ETF TRUST EQUITY PREMIUM INC 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 74.285, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 54.397, "architecture_energy": 65.456, "architecture_maturity": 5.883, "architecture_confidence": 60.58, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 25.37, "rotation_up": 74.08, "upward_expansion": 62.79, "deceleration": 21.36, "rotation_down": 16.88, "downward_expansion": 21.12 }, "activity_lines": [ 56.950617, 56.565097, 56.171854, 56.147584 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 57.58, "trend_reference": 56.25591, "distance_from_trend": 0.023537, "trend_direction": "Improving", "fair_value": 51.0584, "distance_from_fair_value": 0.127728, "fair_value_direction": "Improving", "relative_strength": -7.457833, "relative_strength_direction": "Improving", "price_momentum": 0.001961, "excess_performance": -0.123664, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023537, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007306, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.127728, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024353, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.074578, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.024467, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.001961, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.827321, "read": "Demand-led" } ], "volume": { "latest": 27381760, "relative_activity": 1.083232, "balance": 1.827321, "dry_up": 0.951072, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.012453, "annualized_volatility": 0.079882, "from_high_reference": -0.011707, "from_low_reference": 0.100126 }, "levels": { "trend_reference": 56.25591, "fair_value_reference": 51.0584, "structural_low": 54.223101, 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"close": 56.439183, "volume": 22466550, "typical_volume": 25791758.25, "trend": 56.157727, "fair_value": 50.889989, "relative_strength": -5.459601, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.863802, "energy": 31.638073, "activity_lines": [ 56.308803, 56.056593, 55.883547, 56.000859 ] }, { "date": "2026-07-31", "close": 57.065181, "volume": 23421390, "typical_volume": 25284939.2, "trend": 56.213219, "fair_value": 50.973543, "relative_strength": -5.262694, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.03828, "energy": 49.83923, "activity_lines": [ 56.586905, 56.277788, 56.006122, 56.059405 ] }, { "date": "2026-08-07", "close": 57.58, "volume": 27381760, "typical_volume": 25277826.9, "trend": 56.25591, "fair_value": 51.0584, "relative_strength": -7.457833, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.397459, "energy": 65.455696, "activity_lines": [ 56.950617, 56.565097, 56.171854, 56.147584 ] } ], "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." } } }