{ "ticker": { "uuid": "43ddeadf-0b5d-4f67-8b16-b17ab6e232ea", "symbol": "FOFD", "name": "Franklin Future of Food UCITS E", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": 70.299, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.83, "architecture_energy": 72.462, "architecture_maturity": 19.703, "architecture_confidence": 56.676, "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": 22.63, "rotation_up": 74.59, "upward_expansion": 83.0, "deceleration": 66.68, "rotation_down": 11.91, "downward_expansion": 12.0 }, "activity_lines": [ 24.654399, 24.539472, 24.18399, 24.122372 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 24.934, "trend_reference": 23.962166, "distance_from_trend": 0.040557, "trend_direction": "Improving", "fair_value": 23.056954, "distance_from_fair_value": 0.081409, "fair_value_direction": "Improving", "relative_strength": 0.159946, "relative_strength_direction": "Weakening", "price_momentum": 0.051801, "excess_performance": -0.00151, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040557, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029617, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.081409, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.056451, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.001599, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.011098, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.051801, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.072495, "read": "Supply-led" } ], "volume": { "latest": 2, "relative_activity": 0.022112, "balance": 0.072495, "dry_up": 1.636263, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.00965, "annualized_volatility": 0.126298, "from_high_reference": -0.008825, "from_low_reference": 0.130742 }, "levels": { "trend_reference": 23.962166, "fair_value_reference": 23.056954, "structural_low": 23.202999, "invalidation": 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"directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-06-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.001985, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.017673, "active": true } ], "chart_path": [ { "date": "2024-12-13", "close": 24.035999, "volume": 402, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { 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"date": "2026-07-17", "close": 24.500999, "volume": 590, "typical_volume": 103.05, "trend": 23.728233, "fair_value": 23.000226, "relative_strength": 2.858192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.872285, "energy": 87.731156, "activity_lines": [ 24.604999, 24.185345, 23.996457, 23.95903 ] }, { "date": "2026-07-24", "close": 24.500999, "volume": 0, "typical_volume": 103.05, "trend": 23.8014, "fair_value": 23.017882, "relative_strength": 2.388966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.708948, "energy": 87.784617, "activity_lines": [ 24.603333, 24.297727, 24.0446, 24.008886 ] }, { "date": "2026-07-31", "close": 24.500999, "volume": 0, "typical_volume": 91.7, "trend": 23.874566, "fair_value": 23.035128, "relative_strength": 0.784863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.111749, "energy": 70.636355, "activity_lines": [ 24.550532, 24.391036, 24.09458, 24.054021 ] }, { "date": "2026-08-07", "close": 24.934, "volume": 2, "typical_volume": 90.45, "trend": 23.962166, "fair_value": 23.056954, "relative_strength": 0.159946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.830386, "energy": 72.46212, "activity_lines": [ 24.654399, 24.539472, 24.18399, 24.122372 ] } ], "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." } } }