{ "ticker": { "uuid": "3fd8ab32-6033-44cb-906c-8e408824d1c8", "symbol": "1630", "name": "NEXT FUNDS TOPIX-17 RETAIL TRADE ETF", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 88.514, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 40.61, "architecture_energy": 41.207, "architecture_maturity": 9.295, "architecture_confidence": 52.367, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.76, "rotation_up": 62.63, "upward_expansion": 55.8, "deceleration": 26.05, "rotation_down": 19.97, "downward_expansion": 14.13 }, "activity_lines": [ 38297.969531, 37926.672088, 37399.589341, 37368.646363 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 38960.0, "trend_reference": 37418.65599, "distance_from_trend": 0.041192, "trend_direction": "Improving", "fair_value": 31600.410256, "distance_from_fair_value": 0.232895, "fair_value_direction": "Improving", "relative_strength": -12.345465, "relative_strength_direction": "Improving", "price_momentum": 0.015377, "excess_performance": -0.193882, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.041192, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0038, "read": "Rising" 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37131.224252 ] }, { "date": "2026-07-17", "close": 38220.0, "volume": 3715, "typical_volume": 1678.95, "trend": 37320.989323, "fair_value": 31345.488957, "relative_strength": -13.753911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.568138, "energy": 36.035905, "activity_lines": [ 37763.173698, 37353.745526, 37044.775242, 37191.117414 ] }, { "date": "2026-07-24", "close": 37560.0, "volume": 3158, "typical_volume": 1698.15, "trend": 37330.65599, "fair_value": 31426.723257, "relative_strength": -15.323102, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.08002, "energy": 34.761549, "activity_lines": [ 37777.809896, 37450.114986, 37097.681529, 37206.537458 ] }, { "date": "2026-07-31", "close": 38250.0, "volume": 4354, "typical_volume": 1879.4, "trend": 37366.65599, "fair_value": 31513.750288, "relative_strength": -12.856808, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.858347, "energy": 33.601483, "activity_lines": [ 37954.074479, 37640.666264, 37217.016388, 37265.849975 ] }, { "date": "2026-08-07", "close": 38960.0, "volume": 4156, "typical_volume": 2069.7, "trend": 37418.65599, "fair_value": 31600.410256, "relative_strength": -12.345465, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.609783, "energy": 41.207244, "activity_lines": [ 38297.969531, 37926.672088, 37399.589341, 37368.646363 ] } ], "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." } } }