{ "ticker": { "uuid": "2bccb1ff-cb51-4ab5-8278-406d3878fcc9", "symbol": "JREJ", "name": "JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": 60.446, "architecture_energy": 33.395, "architecture_maturity": 62.696, "architecture_confidence": 83.312, "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": 24.32, "rotation_up": 37.05, "upward_expansion": 61.88, "deceleration": 85.49, "rotation_down": 27.41, "downward_expansion": 20.88 }, "activity_lines": [ 36.314, 36.412, 35.897548, 35.258753 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.285, "trend_reference": 34.487334, "distance_from_trend": 0.081122, "trend_direction": "Improving", "fair_value": 28.366218, "distance_from_fair_value": 0.314416, "fair_value_direction": "Improving", "relative_strength": -1.752243, "relative_strength_direction": "Weakening", "price_momentum": 0.117321, "excess_performance": -0.053571, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081122, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.057607, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.314416, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039966, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017522, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.022219, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.117321, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.794265, "read": "Demand-led" } ], "volume": { "latest": 17897, "relative_activity": 1.172916, "balance": 1.794265, "dry_up": 1.58829, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.028698, "annualized_volatility": 0.198988, "from_high_reference": -0.009168, "from_low_reference": 0.307328 }, "levels": { "trend_reference": 34.487334, "fair_value_reference": 28.366218, "structural_low": 31.195, "invalidation": "A sustained 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27.671795, "relative_strength": -1.439017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.265581, "energy": 80.945577, "activity_lines": [ 35.567333, 35.059091, 34.275905, 33.766635 ] }, { "date": "2026-06-19", "close": 37.595001, "volume": 275, "typical_volume": 15248.65, "trend": 33.192667, "fair_value": 27.76609, "relative_strength": 0.981343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.401339, "energy": 92.866747, "activity_lines": [ 36.291333, 35.601637, 34.630048, 34.067043 ] }, { "date": "2026-06-26", "close": 36.669998, "volume": 6001, "typical_volume": 14423.95, "trend": 33.394833, "fair_value": 27.852692, "relative_strength": 1.489067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.759047, "energy": 86.046992, "activity_lines": [ 36.527333, 35.900727, 34.869476, 34.291387 ] }, { "date": "2026-07-03", "close": 36.985001, "volume": 5488, "typical_volume": 14346.05, "trend": 33.604167, "fair_value": 27.940994, "relative_strength": -0.69168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.500799, "energy": 87.757224, "activity_lines": [ 36.771667, 36.210364, 35.123191, 34.523011 ] }, { "date": "2026-07-10", "close": 37.09, "volume": 9640, "typical_volume": 14229.45, "trend": 33.820333, "fair_value": 28.029968, "relative_strength": -0.133021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.561376, "energy": 86.334468, "activity_lines": [ 36.954667, 36.467, 35.377333, 34.747903 ] }, { "date": "2026-07-17", "close": 35.200001, "volume": 20360, "typical_volume": 14815.15, "trend": 33.974167, "fair_value": 28.108301, "relative_strength": -3.929871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.248965, "energy": 52.273076, "activity_lines": [ 36.416667, 36.317455, 35.438667, 34.836914 ] }, { "date": "2026-07-24", "close": 36.005001, "volume": 17846, "typical_volume": 13453.15, "trend": 34.153, "fair_value": 28.191795, "relative_strength": -1.617999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.329681, "energy": 39.701089, "activity_lines": [ 36.182334, 36.306455, 35.575453, 34.967936 ] }, { "date": "2026-07-31", "close": 35.695, "volume": 40837, "typical_volume": 14695.45, "trend": 34.319333, "fair_value": 28.273141, "relative_strength": -3.147583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.883684, "energy": 26.348723, "activity_lines": [ 35.950667, 36.219, 35.668238, 35.06742 ] }, { "date": "2026-08-07", "close": 37.285, "volume": 17897, "typical_volume": 15258.55, "trend": 34.487334, "fair_value": 28.366218, "relative_strength": -1.752243, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.446286, "energy": 33.395462, "activity_lines": [ 36.314, 36.412, 35.897548, 35.258753 ] } ], "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." } } }