{ "ticker": { "uuid": "456cf6c2-2c49-4bb0-8939-999d04edd881", "symbol": "JETU", "name": "BANK OF MONTREAL MAX AIRLINES 3X LEVERAGED ETN", "exchange": "NYSEARCA", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 46.857, "architecture_energy": 26.382, "architecture_maturity": 49.228, "architecture_confidence": 96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 43.45, "rotation_up": 32.97, "upward_expansion": 62.65, "deceleration": 87.09, "rotation_down": 25.61, "downward_expansion": 14.99 }, "activity_lines": [ 36.772113, 37.2249, 34.615181, 33.091969 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 38.537, "trend_reference": 32.369483, "distance_from_trend": 0.190535, "trend_direction": "Improving", "fair_value": 23.757825, "distance_from_fair_value": 0.622076, "fair_value_direction": "Improving", "relative_strength": 17.731896, "relative_strength_direction": "Improving", "price_momentum": -0.073086, "excess_performance": -0.198711, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.190535, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.10235, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.622076, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.38818, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.177319, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.198142, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.073086, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.161194, "read": "Demand-led" } ], "volume": { "latest": 6393, "relative_activity": 0.149997, "balance": 3.161194, "dry_up": 0.225658, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.130369, "annualized_volatility": 0.802162, "from_high_reference": -0.112051, "from_low_reference": 0.907801 }, "levels": { "trend_reference": 32.369483, "fair_value_reference": 23.757825, "structural_low": 20.91, "invalidation": "A 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"2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.023265, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.035126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.079267, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-12-12", "tenure": "Developing", "return": 0.281915, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-06", "tenure": "Developing", "return": -0.081757, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.072214, "active": false }, { 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"volume": 6393, "typical_volume": 42620.85, "trend": 32.369483, "fair_value": 23.757825, "relative_strength": 17.731896, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.857469, "energy": 26.381619, "activity_lines": [ 36.772113, 37.2249, 34.615181, 33.091969 ] } ], "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." } } }