{ "ticker": { "uuid": "3885d8c2-2761-4cc5-833c-8cbe54e81bb0", "symbol": "JGRW", "name": "JENSEN QUALITY GROWTH 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": 60.477, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 90.101, "architecture_energy": 85.721, "architecture_maturity": 15.389, "architecture_confidence": 69.541, "architecture_tenure": "New", "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": 14.76, "rotation_up": 79.07, "upward_expansion": 94.37, "deceleration": 42.37, "rotation_down": 11.9, "downward_expansion": 18.71 }, "activity_lines": [ 27.936033, 27.553798, 27.159875, 26.763253 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.88, "trend_reference": 26.438183, "distance_from_trend": 0.092359, "trend_direction": "Improving", "fair_value": 26.308178, "distance_from_fair_value": 0.097758, "fair_value_direction": "Improving", "relative_strength": -3.533704, "relative_strength_direction": "Improving", "price_momentum": 0.101123, "excess_performance": -0.024502, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092359, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003755, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.097758, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.075826, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035337, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066278, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.101123, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.880605, "read": "Demand-led" } ], "volume": { "latest": 21632, "relative_activity": 0.254343, "balance": 1.880605, "dry_up": 0.386183, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.022809, "annualized_volatility": 0.161669, "from_high_reference": -0.002762, "from_low_reference": 0.224248 }, "levels": { "trend_reference": 26.438183, "fair_value_reference": 26.308178, "structural_low": 23.59, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, 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"modifier": "Early expansion", "gate": "up", "direction": 66.048311, "energy": 68.949898, "activity_lines": [ 27.250438, 27.076641, 26.708314, 26.466157 ] }, { "date": "2026-07-24", "close": 27.0036, "volume": 18762, "typical_volume": 104631.6, "trend": 26.357629, "fair_value": 26.267964, "relative_strength": -6.090417, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.552365, "energy": 64.958825, "activity_lines": [ 27.216313, 27.080918, 26.781132, 26.507193 ] }, { "date": "2026-07-31", "close": 27.8382, "volume": 8643, "typical_volume": 99484.95, "trend": 26.391637, "fair_value": 26.283209, "relative_strength": -3.984982, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.324673, "energy": 73.675069, "activity_lines": [ 27.446147, 27.231089, 26.927628, 26.602714 ] }, { "date": "2026-08-07", "close": 28.88, "volume": 21632, "typical_volume": 85050.35, "trend": 26.438183, "fair_value": 26.308178, "relative_strength": -3.533704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.101349, "energy": 85.721375, "activity_lines": [ 27.936033, 27.553798, 27.159875, 26.763253 ] } ], "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." } } }