{ "ticker": { "uuid": "45ce125a-ab87-4515-83dc-e2be3681a616", "symbol": "BBEU", "name": "JPMORGAN BETABUILDERS EUROPE ETF", "exchange": "CBOE", "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": 70.363, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.06, "architecture_energy": 70.359, "architecture_maturity": 14.983, "architecture_confidence": 73.858, "architecture_tenure": "Developing", "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": 16.17, "rotation_up": 67.79, "upward_expansion": 87.82, "deceleration": 46.05, "rotation_down": 14.56, "downward_expansion": 14.49 }, "activity_lines": [ 79.002667, 78.29802, 77.316176, 76.589697 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 80.78, "trend_reference": 76.043541, "distance_from_trend": 0.062286, "trend_direction": "Improving", "fair_value": 61.893117, "distance_from_fair_value": 0.305153, "fair_value_direction": "Improving", "relative_strength": -1.936006, "relative_strength_direction": "Improving", "price_momentum": 0.047504, "excess_performance": -0.078121, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062286, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027781, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.305153, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030993, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01936, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023662, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.047504, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.810897, "read": "Supply-led" } ], "volume": { "latest": 934697, "relative_activity": 0.509846, "balance": 0.810897, "dry_up": 0.58886, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.024948, "annualized_volatility": 0.187271, "from_high_reference": -0.003331, "from_low_reference": 0.224428 }, "levels": { "trend_reference": 76.043541, "fair_value_reference": 61.893117, "structural_low": 69.153983, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.008473, "positive_rate": 0.529412, "directional_follow_through": 0.529412, "median_excess_return": -0.004667, "regime_survival": 0.676471, "best_return": 0.090722, "worst_return": -0.070196, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.034105, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": -0.034013, "regime_survival": 0.384615, "best_return": 0.102714, "worst_return": -0.106483, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.018863, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.044921, "regime_survival": 0.428571, "best_return": 0.138916, "worst_return": -0.05045, "sufficient": true }, { 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77.516667, 77.272528, 76.488668, 76.046738 ] }, { "date": "2026-07-31", "close": 79.15, "volume": 757970, "typical_volume": 1969406.25, "trend": 75.846732, "fair_value": 61.693767, "relative_strength": -0.559775, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.746349, "energy": 51.021002, "activity_lines": [ 78.077333, 77.663253, 76.84207, 76.271421 ] }, { "date": "2026-08-07", "close": 80.78, "volume": 934697, "typical_volume": 1833292.35, "trend": 76.043541, "fair_value": 61.893117, "relative_strength": -1.936006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.060352, "energy": 70.358915, "activity_lines": [ 79.002667, 78.29802, 77.316176, 76.589697 ] } ], "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." } } }