{ "ticker": { "uuid": "266d8840-ea2c-4745-af2b-4b2f57825734", "symbol": "2070", "name": "Smart ESG 30 Empowering Women Net Return ETN", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 87.598, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 90.013, "architecture_energy": 95.207, "architecture_maturity": 27.376, "architecture_confidence": 63.785, "architecture_tenure": "Developing", "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": 1.21, "rotation_up": 87.48, "upward_expansion": 99.92, "deceleration": 39.02, "rotation_down": 9.21, "downward_expansion": 21.92 }, "activity_lines": [ 15920.0, 15663.272727, 15290.52381, 15070.666667 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 16220.0, "trend_reference": 14850.833333, "distance_from_trend": 0.092195, "trend_direction": "Improving", "fair_value": 12533.397436, "distance_from_fair_value": 0.294142, "fair_value_direction": "Improving", "relative_strength": -6.997159, "relative_strength_direction": "Improving", "price_momentum": 0.130314, "excess_performance": -0.078945, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092195, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024725, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.294142, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.112977, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069972, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.134259, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.130314, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 120.285714, "read": "Demand-led" } ], "volume": { "latest": 3, "relative_activity": 0.063025, "balance": 120.285714, "dry_up": 1.407563, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.018211, "annualized_volatility": 0.148799, "from_high_reference": -0.002767, "from_low_reference": 0.226929 }, "levels": { "trend_reference": 14850.833333, "fair_value_reference": 12533.397436, "structural_low": 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14839.892473 ] }, { "date": "2026-07-24", "close": 15595.0, "volume": 0, "typical_volume": 35.55, "trend": 14745.333333, "fair_value": 12460.801282, "relative_strength": -10.080654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.523021, "energy": 88.432933, "activity_lines": [ 15538.0, 15363.090909, 15047.880952, 14896.956989 ] }, { "date": "2026-07-31", "close": 16015.0, "volume": 261, "typical_volume": 48.25, "trend": 14797.166667, "fair_value": 12496.730769, "relative_strength": -6.851253, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.568216, "energy": 94.105948, "activity_lines": [ 15729.0, 15504.909091, 15163.380952, 14978.870968 ] }, { "date": "2026-08-07", "close": 16220.0, "volume": 3, "typical_volume": 47.6, "trend": 14850.833333, "fair_value": 12533.397436, "relative_strength": -6.997159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.013462, "energy": 95.206787, "activity_lines": [ 15920.0, 15663.272727, 15290.52381, 15070.666667 ] } ], "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." } } }