{ "ticker": { "uuid": "48c54f51-8f54-43f9-8a46-081e6d0173dd", "symbol": "JSI", "name": "JANUS DETROIT STREET TRUST JANUS HENDERSON SECURITIZED INCOME ETF", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 93.491, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -21.054, "architecture_energy": 9.555, "architecture_maturity": 31.581, "architecture_confidence": 55.753, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.34, "rotation_up": 24.03, "upward_expansion": 18.62, "deceleration": 37.2, "rotation_down": 31.72, "downward_expansion": 57.29 }, "activity_lines": [ 51.049132, 51.031433, 51.054465, 51.090237 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 51.205, "trend_reference": 51.139916, "distance_from_trend": 0.001273, "trend_direction": "Improving", "fair_value": 48.311258, "distance_from_fair_value": 0.059898, "fair_value_direction": "Weakening", "relative_strength": -10.361027, "relative_strength_direction": "Weakening", "price_momentum": -0.002893, "excess_performance": -0.128518, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001273, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002457, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.059898, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004677, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.10361, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003429, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.002893, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.256863, "read": "Demand-led" } ], "volume": { "latest": 580712, "relative_activity": 0.918076, "balance": 1.256863, "dry_up": 0.80805, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.004873, "annualized_volatility": 0.02533, "from_high_reference": -0.007679, "from_low_reference": 0.027555 }, "levels": { "trend_reference": 51.139916, "fair_value_reference": 48.311258, 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51.134858, "fair_value": 48.291022, "relative_strength": -7.936997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.563278, "energy": 33.359687, "activity_lines": [ 50.970884, 51.00035, 51.041181, 51.085712 ] }, { "date": "2026-08-07", "close": 51.205, "volume": 580712, "typical_volume": 632531.7, "trend": 51.139916, "fair_value": 48.311258, "relative_strength": -10.361027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.054374, "energy": 9.555414, "activity_lines": [ 51.049132, 51.031433, 51.054465, 51.090237 ] } ], "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." } } }