{
  "ticker": {
    "uuid": "2343e5fc-f2f7-420f-9ca4-683fd29bd59b",
    "symbol": "JPME",
    "name": "JP MORGAN ETF TRUST DIVERSIFIED RETURN US MID CAP EQUITY",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.069,
    "architecture_energy": 68.082,
    "architecture_maturity": 38.283,
    "architecture_confidence": 77.963,
    "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": 2.94,
        "rotation_up": 71.55,
        "upward_expansion": 89.67,
        "deceleration": 47.87,
        "rotation_down": 19.57,
        "downward_expansion": 11.67
      },
      "activity_lines": [
        126.296447,
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        121.832575
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 1.0
    },
    "latest_close": 127.92,
    "trend_reference": 119.575329,
    "distance_from_trend": 0.069786,
    "trend_direction": "Improving",
    "fair_value": 100.960353,
    "distance_from_fair_value": 0.267032,
    "fair_value_direction": "Improving",
    "relative_strength": -0.164518,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.088746,
    "excess_performance": -0.036879,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069786,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047875,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.267032,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032469,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001645,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.014741,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.088746,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.342974,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 48063,
      "relative_activity": 0.741933,
      "balance": 2.342974,
      "dry_up": 0.663731,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019791,
      "annualized_volatility": 0.108438,
      "from_high_reference": -0.004669,
      "from_low_reference": 0.249477
    },
    "levels": {
      "trend_reference": 119.575329,
      "fair_value_reference": 100.960353,
      "structural_low": 111.251866,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 34,
        "median_return": 0.007312,
        "positive_rate": 0.676471,
        "directional_follow_through": 0.676471,
        "median_excess_return": -0.001151,
        "regime_survival": 0.794118,
        "best_return": 0.054683,
        "worst_return": -0.061172,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.5,
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        "worst_return": -0.120369,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "directional_follow_through": 0.875,
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        "regime_survival": 0.75,
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        "worst_return": -0.046477,
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.029801,
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        "end": "2024-05-17",
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        "regime": "upward_expansion",
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        "regime": "balance",
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        "modifier": "Re-acceleration watch",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "trend": 116.887089,
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        "stage": 2,
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      },
      {
        "date": "2026-07-10",
        "close": 124.3,
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        "trend": 117.398939,
        "fair_value": 99.911877,
        "relative_strength": -0.51739,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-17",
        "close": 125.0589,
        "volume": 46686,
        "typical_volume": 64049.95,
        "trend": 117.9377,
        "fair_value": 100.161964,
        "relative_strength": 1.639825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.554404,
        "energy": 68.707029,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 125.7531,
        "volume": 42405,
        "typical_volume": 64610.1,
        "trend": 118.474764,
        "fair_value": 100.418023,
        "relative_strength": 2.762258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.046028,
        "energy": 64.892002,
        "activity_lines": [
          125.079433,
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      },
      {
        "date": "2026-07-31",
        "close": 125.7924,
        "volume": 34834,
        "typical_volume": 64851.35,
        "trend": 119.024704,
        "fair_value": 100.681762,
        "relative_strength": 1.648601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.560592,
        "energy": 57.063268,
        "activity_lines": [
          125.368753,
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      },
      {
        "date": "2026-08-07",
        "close": 127.92,
        "volume": 48063,
        "typical_volume": 64780.75,
        "trend": 119.575329,
        "fair_value": 100.960353,
        "relative_strength": -0.164518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.068968,
        "energy": 68.082193,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}