{ "ticker": { "uuid": "37429398-3f5f-4164-bb51-801e6c0f9c6f", "symbol": "JREA", "name": "JPM AC Asia Pacific ex 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": 84.636, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 31.007, "architecture_energy": 23.888, "architecture_maturity": 66.718, "architecture_confidence": 81.947, "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": 51.32, "rotation_up": 19.57, "upward_expansion": 53.88, "deceleration": 93.98, "rotation_down": 31.79, "downward_expansion": 19.88 }, "activity_lines": [ 32.595999, 32.979181, 32.791999, 31.886785 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 32.849998, "trend_reference": 30.658666, "distance_from_trend": 0.071475, "trend_direction": "Improving", "fair_value": 23.624852, "distance_from_fair_value": 0.390485, "fair_value_direction": "Weakening", "relative_strength": -0.283629, "relative_strength_direction": "Weakening", "price_momentum": 0.191945, "excess_performance": 0.021053, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071475, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.085871, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.390485, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.059069, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.002836, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.115167, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.191945, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.869872, "read": "Supply-led" } ], "volume": { "latest": 4413, "relative_activity": 0.791967, "balance": 0.869872, "dry_up": 1.292981, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.037138, "annualized_volatility": 0.217433, "from_high_reference": -0.069932, "from_low_reference": 0.404747 }, "levels": { "trend_reference": 30.658666, "fair_value_reference": 23.624852, "structural_low": 26.91, "invalidation": "A 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23.297385, "relative_strength": 5.110891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.085413, "energy": 61.567532, "activity_lines": [ 33.740665, 33.637181, 32.375262, 31.275365 ] }, { "date": "2026-07-17", "close": 32.529999, "volume": 15891, "typical_volume": 6189.15, "trend": 30.015833, "fair_value": 23.379513, "relative_strength": 2.665047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.021561, "energy": 41.406018, "activity_lines": [ 33.336332, 33.472999, 32.509881, 31.452484 ] }, { "date": "2026-07-24", "close": 32.514999, "volume": 2656, "typical_volume": 5590.5, "trend": 30.245833, "fair_value": 23.461545, "relative_strength": 2.603414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.733982, "energy": 29.446831, "activity_lines": [ 32.934999, 33.307454, 32.627333, 31.61372 ] }, { "date": "2026-07-31", "close": 32.09, "volume": 5859, "typical_volume": 5759.3, "trend": 30.461667, "fair_value": 23.540763, "relative_strength": 0.448729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.96744, "energy": 23.439318, "activity_lines": [ 32.578999, 33.069363, 32.68269, 31.732699 ] }, { "date": "2026-08-07", "close": 32.849998, "volume": 4413, "typical_volume": 5572.2, "trend": 30.658666, "fair_value": 23.624852, "relative_strength": -0.283629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.007267, "energy": 23.88827, "activity_lines": [ 32.595999, 32.979181, 32.791999, 31.886785 ] } ], "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." } } }