{ "ticker": { "uuid": "24ec1427-abf1-4938-8d6f-694ca578db7a", "symbol": "JRE", "name": "JANUS DETROIT STREET TRUST US REAL ESTATE 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.452, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.701, "architecture_energy": 57.243, "architecture_maturity": 37.097, "architecture_confidence": 72.779, "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": 10.99, "rotation_up": 63.86, "upward_expansion": 82.29, "deceleration": 56.58, "rotation_down": 18.1, "downward_expansion": 8.95 }, "activity_lines": [ 28.1543, 27.931258, 27.399437, 26.87072 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 27.8141, "trend_reference": 26.148001, "distance_from_trend": 0.063718, "trend_direction": "Improving", "fair_value": 22.625878, "distance_from_fair_value": 0.229305, "fair_value_direction": "Improving", "relative_strength": -0.491444, "relative_strength_direction": "Weakening", "price_momentum": 0.128432, "excess_performance": 0.002807, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.063718, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.057599, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.229305, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.012541, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004914, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006785, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.128432, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.738678, "read": "Supply-led" } ], "volume": { "latest": 17616, "relative_activity": 3.048779, "balance": 0.738678, "dry_up": 1.82103, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.028297, "annualized_volatility": 0.163747, "from_high_reference": -0.041884, "from_low_reference": 0.242281 }, "levels": { "trend_reference": 26.148001, "fair_value_reference": 22.625878, "structural_low": 23.988913, 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"fair_value": 22.424384, "relative_strength": 1.227991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.945276, "energy": 66.006385, "activity_lines": [ 27.492167, 27.179834, 26.696262, 26.218436 ] }, { "date": "2026-07-17", "close": 28.2723, "volume": 7910, "typical_volume": 4580.85, "trend": 25.660065, "fair_value": 22.47132, "relative_strength": 5.453557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.732458, "energy": 82.69453, "activity_lines": [ 27.78906, 27.418423, 26.893136, 26.398077 ] }, { "date": "2026-07-24", "close": 28.9415, "volume": 2839, "typical_volume": 4454.1, "trend": 25.845653, "fair_value": 22.52588, "relative_strength": 8.429165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.713924, "energy": 88.721315, "activity_lines": [ 28.237988, 27.751664, 27.141912, 26.609783 ] }, { "date": "2026-07-31", "close": 28.0831, "volume": 13723, "typical_volume": 4973.35, "trend": 26.007019, "fair_value": 22.57676, "relative_strength": 4.012249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.669098, "energy": 69.425827, "activity_lines": [ 28.248907, 27.877831, 27.290858, 26.754134 ] }, { "date": "2026-08-07", "close": 27.8141, "volume": 17616, "typical_volume": 5778.05, "trend": 26.148001, "fair_value": 22.625878, "relative_strength": -0.491444, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.701115, "energy": 57.242594, "activity_lines": [ 28.1543, 27.931258, 27.399437, 26.87072 ] } ], "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." } } }