{ "ticker": { "uuid": "37a1fbab-0001-4118-b4cc-0f8901c66e00", "symbol": "JMBS", "name": "JANUS DETROIT STREET TRUST HENDERSON MORTGAGE BACKED SECURITIES 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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 65.317, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.2, "architecture_energy": 61.625, "architecture_maturity": 4.788, "architecture_confidence": 88.607, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.46, "rotation_up": 10.98, "upward_expansion": 13.7, "deceleration": 37.63, "rotation_down": 68.65, "downward_expansion": 89.37 }, "activity_lines": [ 44.335892, 44.503225, 44.644864, 44.739652 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 44.42, "trend_reference": 44.861991, "distance_from_trend": -0.009852, "trend_direction": "Improving", "fair_value": 41.986551, "distance_from_fair_value": 0.057958, "fair_value_direction": "Weakening", "relative_strength": -11.320397, "relative_strength_direction": "Weakening", "price_momentum": -0.014601, "excess_performance": -0.140226, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009852, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000361, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.057958, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025838, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113204, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020943, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.014601, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.769088, "read": "Supply-led" } ], "volume": { "latest": 3305409, "relative_activity": 0.973693, "balance": 0.769088, "dry_up": 0.957593, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.010259, "annualized_volatility": 0.051191, "from_high_reference": -0.028596, "from_low_reference": 0.035331 }, "levels": { "trend_reference": 44.861991, "fair_value_reference": 41.986551, "structural_low": 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"trend": 44.917062, "fair_value": 41.848107, "relative_strength": -9.943719, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.62059, "energy": 23.271889, "activity_lines": [ 44.767447, 44.772258, 44.82166, 44.883353 ] }, { "date": "2026-07-17", "close": 44.605543, "volume": 2963034, "typical_volume": 3466450.7, "trend": 44.915454, "fair_value": 41.882118, "relative_strength": -8.16102, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.187505, "energy": 33.59973, "activity_lines": [ 44.691742, 44.743448, 44.795031, 44.863255 ] }, { "date": "2026-07-24", "close": 44.237149, "volume": 2645647, "typical_volume": 3417081.55, "trend": 44.896903, "fair_value": 41.914705, "relative_strength": -8.172722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.392809, "energy": 56.192191, "activity_lines": [ 44.518185, 44.654868, 44.738521, 44.819494 ] }, { "date": "2026-07-31", "close": 44.12, "volume": 4088933, "typical_volume": 3411710.45, "trend": 44.880645, "fair_value": 41.948726, "relative_strength": -9.116364, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.775525, "energy": 66.874973, "activity_lines": [ 44.348776, 44.54736, 44.675647, 44.769371 ] }, { "date": "2026-08-07", "close": 44.42, "volume": 3305409, "typical_volume": 3394715.25, "trend": 44.861991, "fair_value": 41.986551, "relative_strength": -11.320397, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.200195, "energy": 61.625002, "activity_lines": [ 44.335892, 44.503225, 44.644864, 44.739652 ] } ], "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." } } }