{ "ticker": { "uuid": "466bc650-8975-4f30-a50c-09cdb8865f52", "symbol": "FLXE", "name": "Franklin EM Multi-Factor Equity UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.97, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.005, "architecture_energy": 75.8, "architecture_maturity": 40.674, "architecture_confidence": 83.095, "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": 20.54, "rotation_up": 66.5, "upward_expansion": 87.77, "deceleration": 51.47, "rotation_down": 21.2, "downward_expansion": 14.43 }, "activity_lines": [ 32.343333, 32.091636, 31.754833, 31.263333 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 32.93, "trend_reference": 30.656167, "distance_from_trend": 0.074172, "trend_direction": "Improving", "fair_value": 25.533878, "distance_from_fair_value": 0.289659, "fair_value_direction": "Improving", "relative_strength": 2.237301, "relative_strength_direction": "Weakening", "price_momentum": 0.110811, "excess_performance": 0.027928, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074172, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048743, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.289659, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005375, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.022373, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.092524, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.110811, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.23724, "read": "Demand-led" } ], "volume": { "latest": 130, "relative_activity": 1.020408, "balance": 1.23724, "dry_up": 2.77865, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.016305, "annualized_volatility": 0.137969, "from_high_reference": 0.0, "from_low_reference": 0.268734 }, "levels": { "trend_reference": 30.656167, "fair_value_reference": 25.533878, "structural_low": 28.385, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.015347, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.003753, "regime_survival": 0.708333, "best_return": 0.062262, "worst_return": -0.095488, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.046154, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.03446, "regime_survival": 0.555556, "best_return": 0.106605, "worst_return": -0.084354, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.027187, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.009982, "regime_survival": 0.333333, "best_return": 0.138354, "worst_return": -0.174138, "sufficient": true }, { "horizon": "Full cycle", 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"relative_strength": 1.264647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.793462, "energy": 56.861309, "activity_lines": [ 31.775667, 31.715455, 31.216119, 30.760129 ] }, { "date": "2026-07-17", "close": 31.555, "volume": 686, "typical_volume": 100.25, "trend": 30.198667, "fair_value": 25.324487, "relative_strength": -0.462257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.039886, "energy": 42.707723, "activity_lines": [ 31.680333, 31.697, 31.302191, 30.856581 ] }, { "date": "2026-07-24", "close": 32.235001, "volume": 300, "typical_volume": 111.65, "trend": 30.36, "fair_value": 25.390032, "relative_strength": 1.710703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.325971, "energy": 54.741939, "activity_lines": [ 31.842667, 31.804637, 31.447786, 30.987957 ] }, { "date": "2026-07-31", "close": 32.209999, "volume": 300, "typical_volume": 120.9, "trend": 30.511667, "fair_value": 25.458462, "relative_strength": 1.438467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.569662, "energy": 55.285317, "activity_lines": [ 31.997, 31.890091, 31.575476, 31.107312 ] }, { "date": "2026-08-07", "close": 32.93, "volume": 130, "typical_volume": 127.4, "trend": 30.656167, "fair_value": 25.533878, "relative_strength": 2.237301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.004587, "energy": 75.800464, "activity_lines": [ 32.343333, 32.091636, 31.754833, 31.263333 ] } ], "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." } } }