{ "ticker": { "uuid": "44bd2018-a2f3-4a79-ac76-48f7d6971622", "symbol": "FLQM", "name": "FRANKLIN U.S. MID CAP MULTIFACTOR INDEX ETF", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 71.109, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 84.423, "architecture_energy": 80.711, "architecture_maturity": 13.877, "architecture_confidence": 66.102, "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": 8.51, "rotation_up": 81.72, "upward_expansion": 95.01, "deceleration": 40.28, "rotation_down": 10.64, "downward_expansion": 17.01 }, "activity_lines": [ 60.195853, 59.438541, 58.246484, 57.666372 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 61.4656, "trend_reference": 57.259002, "distance_from_trend": 0.073466, "trend_direction": "Improving", "fair_value": 52.400153, "distance_from_fair_value": 0.173004, "fair_value_direction": "Improving", "relative_strength": -3.484471, "relative_strength_direction": "Improving", "price_momentum": 0.051172, "excess_performance": -0.074453, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073466, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01486, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.173004, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.077536, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034845, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.070738, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.051172, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.589501, "read": "Demand-led" } ], "volume": { "latest": 752281, "relative_activity": 1.164981, "balance": 1.589501, "dry_up": 0.74248, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.02513, "annualized_volatility": 0.125534, "from_high_reference": -0.00402, "from_low_reference": 0.146968 }, "levels": { "trend_reference": 57.259002, "fair_value_reference": 52.400153, "structural_low": 53.87, "invalidation": 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"relative_strength": -3.223358, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.049306, "energy": 78.20787, "activity_lines": [ 58.924912, 58.170217, 57.261116, 57.049561 ] }, { "date": "2026-07-24", "close": 59.25, "volume": 479702, "typical_volume": 659680.7, "trend": 57.019921, "fair_value": 52.18419, "relative_strength": -2.948841, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.14316, "energy": 75.745877, "activity_lines": [ 59.18564, 58.489724, 57.512543, 57.198176 ] }, { "date": "2026-07-31", "close": 59.95, "volume": 314438, "typical_volume": 636233.25, "trend": 57.138644, "fair_value": 52.287036, "relative_strength": -2.710174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.777837, "energy": 73.264866, "activity_lines": [ 59.500647, 58.857492, 57.819314, 57.387213 ] }, { "date": "2026-08-07", "close": 61.4656, "volume": 752281, "typical_volume": 645745.05, "trend": 57.259002, "fair_value": 52.400153, "relative_strength": -3.484471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.4225, "energy": 80.711195, "activity_lines": [ 60.195853, 59.438541, 58.246484, 57.666372 ] } ], "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." } } }