{ "ticker": { "uuid": "20275336-9e0d-4ea0-927f-ed04108bd544", "symbol": "2630", "name": "MAXIS S&P500 US Equity ETF (JPY Hedged)", "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": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.071, "architecture_energy": 58.85, "architecture_maturity": 52.001, "architecture_confidence": 69.407, "architecture_tenure": "Established", "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": 20.72, "rotation_up": 56.9, "upward_expansion": 81.99, "deceleration": 64.79, "rotation_down": 26.11, "downward_expansion": 8.65 }, "activity_lines": [ 15861.666667, 15786.054545, 15655.26869, 15382.920485 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 16125.0, "trend_reference": 15080.572038, "distance_from_trend": 0.069257, "trend_direction": "Improving", "fair_value": 12912.11243, "distance_from_fair_value": 0.248827, "fair_value_direction": "Improving", "relative_strength": -9.443285, "relative_strength_direction": "Improving", "price_momentum": 0.109111, "excess_performance": -0.100148, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069257, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027586, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.248827, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004855, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094433, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.070409, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.109111, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 10.448799, "read": "Demand-led" } ], "volume": { "latest": 27989, "relative_activity": 2.114396, "balance": 10.448799, "dry_up": 0.912532, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.018717, "annualized_volatility": 0.118993, "from_high_reference": -0.010433, "from_low_reference": 0.210655 }, "levels": { "trend_reference": 15080.572038, "fair_value_reference": 12912.11243, 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"relative_strength": -9.443285, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.070646, "energy": 58.849835, "activity_lines": [ 15861.666667, 15786.054545, 15655.26869, 15382.920485 ] } ], "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." } } }