{
  "ticker": {
    "uuid": "32357ef5-97d6-4809-8926-632087c3276a",
    "symbol": "FLAU",
    "name": "FRANKLIN TEMPLETON ETF TR FTSE AUSTRALIA 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 94.823,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 77.518,
    "architecture_energy": 68.563,
    "architecture_maturity": 29.428,
    "architecture_confidence": 71.585,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 24.37,
        "rotation_up": 72.52,
        "upward_expansion": 86.81,
        "deceleration": 45.09,
        "rotation_down": 12.15,
        "downward_expansion": 15.81
      },
      "activity_lines": [
        35.155327,
        34.616963,
        34.374109,
        34.259922
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 36.3919,
    "trend_reference": 34.079615,
    "distance_from_trend": 0.06785,
    "trend_direction": "Improving",
    "fair_value": 29.084546,
    "distance_from_fair_value": 0.251245,
    "fair_value_direction": "Improving",
    "relative_strength": -1.446156,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079558,
    "excess_performance": -0.046067,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.06785,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03266,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.251245,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.025422,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.014462,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.020155,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079558,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 41.19128,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16891,
      "relative_activity": 0.098506,
      "balance": 41.19128,
      "dry_up": 0.593468,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.031033,
      "annualized_volatility": 0.194439,
      "from_high_reference": -0.074041,
      "from_low_reference": 0.235983
    },
    "levels": {
      "trend_reference": 34.079615,
      "fair_value_reference": 29.084546,
      "structural_low": 32.1101,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.002136,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.01127,
        "regime_survival": 0.615385,
        "best_return": 0.078593,
        "worst_return": -0.099642,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.017293,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.048653,
        "regime_survival": 0.166667,
        "best_return": 0.083599,
        "worst_return": -0.052514,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.014187,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.001072,
        "regime_survival": 0.4,
        "best_return": 0.105403,
        "worst_return": -0.086753,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.0039,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.04503,
        "regime_survival": 0.0,
        "best_return": 0.056368,
        "worst_return": -0.064168,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.036548,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-11-01",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-09",
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        "active": false
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      {
        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "active": false
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        "regime": "balance",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 28.760625,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 28.817231,
        "relative_strength": -6.116507,
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      },
      {
        "date": "2026-07-17",
        "close": 34.2588,
        "volume": 325136,
        "typical_volume": 197363.3,
        "trend": 33.732338,
        "fair_value": 28.876787,
        "relative_strength": -3.757064,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.115028,
        "energy": 12.735308,
        "activity_lines": [
          33.9567,
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          34.017881,
          33.986987
        ]
      },
      {
        "date": "2026-07-24",
        "close": 34.33,
        "volume": 13236,
        "typical_volume": 187215.65,
        "trend": 33.809668,
        "fair_value": 28.936838,
        "relative_strength": -2.889735,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.319228,
        "energy": 15.51294,
        "activity_lines": [
          34.092853,
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          34.055258,
          34.025546
        ]
      },
      {
        "date": "2026-07-31",
        "close": 34.9682,
        "volume": 51791,
        "typical_volume": 188335.7,
        "trend": 33.917598,
        "fair_value": 29.0053,
        "relative_strength": -2.065465,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.824495,
        "energy": 39.225056,
        "activity_lines": [
          34.433127,
          34.198128,
          34.151035,
          34.10029
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.3919,
        "volume": 16891,
        "typical_volume": 171472.65,
        "trend": 34.079615,
        "fair_value": 29.084546,
        "relative_strength": -1.446156,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 77.5177,
        "energy": 68.562975,
        "activity_lines": [
          35.155327,
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          34.259922
        ]
      }
    ],
    "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."
    }
  }
}