{ "ticker": { "uuid": "42b35480-b251-483e-9f62-908a8decae17", "symbol": "1632", "name": "NEXT FUNDS TOPIX-17 FINANCIALS (EX BANKS) 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.021, "architecture_energy": 74.642, "architecture_maturity": 43.561, "architecture_confidence": 69.24, "architecture_tenure": "Established", "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": 2.94, "rotation_up": 77.93, "upward_expansion": 94.31, "deceleration": 41.06, "rotation_down": 11.3, "downward_expansion": 16.31 }, "activity_lines": [ 43008.285677, 42013.930824, 40759.233929, 39822.025924 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 43270.0, "trend_reference": 38650.543099, "distance_from_trend": 0.119519, "trend_direction": "Improving", "fair_value": 28458.791729, "distance_from_fair_value": 0.520444, "fair_value_direction": "Improving", "relative_strength": 0.397849, "relative_strength_direction": "Improving", "price_momentum": 0.193985, "excess_performance": -0.015274, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.119519, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076777, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.520444, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.101336, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003978, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.133078, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.193985, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.454529, "read": "Supply-led" } ], "volume": { "latest": 8537, "relative_activity": 1.499574, "balance": 0.454529, "dry_up": 2.07208, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.044375, "annualized_volatility": 0.233804, "from_high_reference": -0.031558, "from_low_reference": 0.442814 }, "levels": { "trend_reference": 38650.543099, "fair_value_reference": 28458.791729, 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80.242183, "activity_lines": [ 41898.745833, 41023.614205, 39955.151004, 39156.397077 ] }, { "date": "2026-07-31", "close": 43510.0, "volume": 15543, "typical_volume": 5397.55, "trend": 38389.876432, "fair_value": 28289.704853, "relative_strength": 2.650698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.493161, "energy": 80.488806, "activity_lines": [ 42654.770573, 41575.317969, 40389.263895, 39507.179242 ] }, { "date": "2026-08-07", "close": 43270.0, "volume": 8537, "typical_volume": 5692.95, "trend": 38650.543099, "fair_value": 28458.791729, "relative_strength": 0.397849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.021316, "energy": 74.642026, "activity_lines": [ 43008.285677, 42013.930824, 40759.233929, 39822.025924 ] } ], "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." } } }