{ "ticker": { "uuid": "420108f3-e33f-48f0-ac67-a6919afb4c9c", "symbol": "JHI", "name": "John Hancock Investors Trust", "exchange": "NYSE", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 60.749, "architecture_energy": 30.031, "architecture_maturity": 28.109, "architecture_confidence": 50.108, "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": 36.34, "rotation_up": 44.58, "upward_expansion": 71.79, "deceleration": 65.74, "rotation_down": 26.4, "downward_expansion": 9.79 }, "activity_lines": [ 13.250333, 13.245605, 13.162023, 13.107414 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 13.38, "trend_reference": 13.083422, "distance_from_trend": 0.022668, "trend_direction": "Improving", "fair_value": 11.903358, "distance_from_fair_value": 0.124053, "fair_value_direction": "Weakening", "relative_strength": -8.689852, "relative_strength_direction": "Improving", "price_momentum": 0.013578, "excess_performance": -0.112047, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022668, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005132, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.124053, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.000991, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.086899, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01009, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.013578, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.110426, "read": "Demand-led" } ], "volume": { "latest": 61657, "relative_activity": 0.689028, "balance": 1.110426, "dry_up": 0.782458, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.019688, "annualized_volatility": 0.112756, "from_high_reference": -0.009135, "from_low_reference": 0.094705 }, "levels": { "trend_reference": 13.083422, "fair_value_reference": 11.903358, "structural_low": 12.222471, "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": 30, "median_return": 0.002127, "positive_rate": 0.566667, "directional_follow_through": 0.566667, "median_excess_return": -0.013256, "regime_survival": 0.766667, "best_return": 0.040175, "worst_return": -0.104, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.010121, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": -0.033117, "regime_survival": 0.615385, "best_return": 0.057659, "worst_return": -0.046084, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.042002, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.052451, "regime_survival": 0.857143, "best_return": 0.089833, "worst_return": -0.212388, 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3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.181817, "energy": 59.209759, "activity_lines": [ 13.289333, 13.210759, 13.10412, 13.07926 ] }, { "date": "2026-07-24", "close": 13.05, "volume": 70953, "typical_volume": 91792.45, "trend": 13.069456, "fair_value": 11.862349, "relative_strength": -7.386299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.860787, "energy": 33.889888, "activity_lines": [ 13.213, 13.196829, 13.10829, 13.077975 ] }, { "date": "2026-07-31", "close": 13.22, "volume": 114562, "typical_volume": 90199.45, "trend": 13.074252, "fair_value": 11.88214, "relative_strength": -6.90603, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.781881, "energy": 23.10989, "activity_lines": [ 13.204, 13.209429, 13.128364, 13.087688 ] }, { "date": "2026-08-07", "close": 13.38, "volume": 61657, "typical_volume": 89484.0, "trend": 13.083422, "fair_value": 11.903358, "relative_strength": -8.689852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.748782, "energy": 30.030914, "activity_lines": [ 13.250333, 13.245605, 13.162023, 13.107414 ] } ], "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." } } }