{ "ticker": { "uuid": "27f38ba7-b595-44cb-9a5a-45e742d7863b", "symbol": "FLSP", "name": "FRANKLIN TEMPLETON ETF TR SYSTEMATIC STYLE PREMIA 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.88, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 60.522, "architecture_energy": 55.34, "architecture_maturity": 34.197, "architecture_confidence": 74.496, "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": 12.74, "rotation_up": 65.77, "upward_expansion": 86.75, "deceleration": 44.42, "rotation_down": 12.84, "downward_expansion": 11.08 }, "activity_lines": [ 28.053333, 27.872364, 27.64936, 27.52575 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.12, "trend_reference": 27.368427, "distance_from_trend": 0.027461, "trend_direction": "Improving", "fair_value": 24.07976, "distance_from_fair_value": 0.167786, "fair_value_direction": "Improving", "relative_strength": -6.252656, "relative_strength_direction": "Improving", "price_momentum": 0.04769, "excess_performance": -0.077935, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027461, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015196, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.167786, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013194, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062527, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001367, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.04769, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.477136, "read": "Demand-led" } ], "volume": { "latest": 423223, "relative_activity": 0.857566, "balance": 1.477136, "dry_up": 0.912624, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.023666, "annualized_volatility": 0.056591, "from_high_reference": -0.030679, "from_low_reference": 0.154722 }, "levels": { "trend_reference": 27.368427, "fair_value_reference": 24.07976, "structural_low": 26.65, "invalidation": 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23.941824, "relative_strength": -3.872954, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.174859, "energy": 30.268036, "activity_lines": [ 27.634667, 27.580273, 27.439805, 27.362649 ] }, { "date": "2026-07-24", "close": 27.93, "volume": 465741, "typical_volume": 489946.85, "trend": 27.271093, "fair_value": 23.987337, "relative_strength": -2.743172, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.024919, "energy": 33.445588, "activity_lines": [ 27.735333, 27.657818, 27.495482, 27.407074 ] }, { "date": "2026-07-31", "close": 28.31, "volume": 570172, "typical_volume": 485124.1, "trend": 27.319427, "fair_value": 24.034462, "relative_strength": -2.423599, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.91014, "energy": 56.554358, "activity_lines": [ 27.947333, 27.791727, 27.583969, 27.4741 ] }, { "date": "2026-08-07", "close": 28.12, "volume": 423223, "typical_volume": 493516.75, "trend": 27.368427, "fair_value": 24.07976, "relative_strength": -6.252656, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.521815, "energy": 55.340267, "activity_lines": [ 28.053333, 27.872364, 27.64936, 27.52575 ] } ], "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." } } }