{ "ticker": { "uuid": "4bca4289-f5d6-4457-947c-0ce14b4a6e53", "symbol": "INCE", "name": "FRANKLIN INCOME EQUITY FOCUS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.028, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.488, "architecture_energy": 64.058, "architecture_maturity": 36.007, "architecture_confidence": 78.691, "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": 15.36, "rotation_up": 67.71, "upward_expansion": 86.88, "deceleration": 47.32, "rotation_down": 17.6, "downward_expansion": 11.21 }, "activity_lines": [ 68.076545, 67.647509, 67.155086, 66.546559 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 69.0029, "trend_reference": 65.711956, "distance_from_trend": 0.050081, "trend_direction": "Improving", "fair_value": 54.017276, "distance_from_fair_value": 0.277423, "fair_value_direction": "Improving", "relative_strength": -1.368929, "relative_strength_direction": "Weakening", "price_momentum": 0.062108, "excess_performance": -0.063517, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050081, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044515, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.277423, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007556, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.013689, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005867, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.062108, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.282266, "read": "Demand-led" } ], "volume": { "latest": 2046806, "relative_activity": 12.238892, "balance": 8.282266, "dry_up": 3.277649, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.017771, "annualized_volatility": 0.074523, "from_high_reference": -0.000682, "from_low_reference": 0.248666 }, "levels": { "trend_reference": 65.711956, "fair_value_reference": 54.017276, "structural_low": 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53.958814, "energy": 35.449451, "activity_lines": [ 67.061424, 67.054181, 66.532526, 65.964505 ] }, { "date": "2026-07-24", "close": 67.558977, "volume": 50867, "typical_volume": 69254.2, "trend": 65.184392, "fair_value": 53.702234, "relative_strength": 1.136805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.797394, "energy": 42.161633, "activity_lines": [ 67.255074, 67.159992, 66.696083, 66.13385 ] }, { "date": "2026-07-31", "close": 68.03, "volume": 40950, "typical_volume": 68169.8, "trend": 65.451515, "fair_value": 53.857285, "relative_strength": 0.683613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.133052, "energy": 45.913595, "activity_lines": [ 67.560769, 67.324671, 66.889316, 66.317438 ] }, { "date": "2026-08-07", "close": 69.0029, "volume": 2046806, "typical_volume": 167237.85, "trend": 65.711956, "fair_value": 54.017276, "relative_strength": -1.368929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.487745, "energy": 64.057957, "activity_lines": [ 68.076545, 67.647509, 67.155086, 66.546559 ] } ], "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." } } }