{ "ticker": { "uuid": "21672e4c-8c78-4830-a302-e396c7342914", "symbol": "FLXK", "name": "Franklin FTSE Korea UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 1.619, "architecture_energy": 22.872, "architecture_maturity": 65.664, "architecture_confidence": 76.162, "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": 54.54, "rotation_up": 14.44, "upward_expansion": 42.29, "deceleration": 87.95, "rotation_down": 49.41, "downward_expansion": 38.62 }, "activity_lines": [ 90.997999, 97.041817, 98.40438, 93.344085 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 90.919998, "trend_reference": 85.911333, "distance_from_trend": 0.0583, "trend_direction": "Improving", "fair_value": 44.425385, "distance_from_fair_value": 1.046578, "fair_value_direction": "Weakening", "relative_strength": 20.46504, "relative_strength_direction": "Weakening", "price_momentum": 0.369277, "excess_performance": 0.286394, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0583, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.248339, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.046578, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.573837, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.20465, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.678622, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.369277, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.14373, "read": "Demand-led" } ], "volume": { "latest": 59823, "relative_activity": 1.881374, "balance": 1.14373, "dry_up": 1.337039, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.117322, "annualized_volatility": 0.571964, "from_high_reference": -0.243846, "from_low_reference": 1.431016 }, "levels": { "trend_reference": 85.911333, "fair_value_reference": 44.425385, "structural_low": 61.490002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.012807, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": -0.013242, "regime_survival": 0.444444, "best_return": 0.276148, "worst_return": -0.064924, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.016539, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.013579, "regime_survival": 0.2, "best_return": 0.615049, "worst_return": -0.010797, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.072357, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.037011, "regime_survival": 0.333333, "best_return": 0.100814, "worst_return": -0.059072, "sufficient": false }, { "horizon": "Full cycle", 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"label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-04-19", "tenure": "Developing", "return": -0.042158, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-07-05", "tenure": "Developing", "return": 0.087251, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.079929, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": 0.006613, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2025-02-21", "tenure": "Established", "return": -0.055162, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-05-16", "tenure": "Developing", 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101.839996, "volume": 63709, "typical_volume": 33877.4, "trend": 80.849667, "fair_value": 42.956218, "relative_strength": 44.417105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.395355, "energy": 54.812864, "activity_lines": [ 107.767998, 107.563635, 98.907618, 91.413473 ] }, { "date": "2026-07-17", "close": 90.940002, "volume": 54209, "typical_volume": 34144.2, "trend": 82.254167, "fair_value": 43.324872, "relative_strength": 26.437401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.241836, "energy": 26.585675, "activity_lines": [ 101.602666, 104.776545, 98.947809, 92.064462 ] }, { "date": "2026-07-24", "close": 92.029999, "volume": 22729, "typical_volume": 32268.6, "trend": 83.676333, "fair_value": 43.696474, "relative_strength": 26.536618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.468127, "energy": 26.171396, "activity_lines": [ 96.968666, 102.376727, 99.047999, 92.695161 ] }, { "date": "2026-07-31", "close": 87.639999, "volume": 33297, "typical_volume": 30571.4, "trend": 84.825333, "fair_value": 44.047276, "relative_strength": 19.049386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.810216, "energy": 21.43638, "activity_lines": [ 92.675999, 99.290363, 98.617237, 92.950881 ] }, { "date": "2026-08-07", "close": 90.919998, "volume": 59823, "typical_volume": 31797.5, "trend": 85.911333, "fair_value": 44.425385, "relative_strength": 20.46504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.61891, "energy": 22.872157, "activity_lines": [ 90.997999, 97.041817, 98.40438, 93.344085 ] } ], "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." } } }