{ "ticker": { "uuid": "4cbba25a-2088-4713-8810-6e6a083d0240", "symbol": "FLQL", "name": "FRANKLIN U.S. LARGE CAP MULTIFACTOR INDEX ETF", "exchange": "CBOE", "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": 91.391, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.281, "architecture_energy": 48.879, "architecture_maturity": 59.426, "architecture_confidence": 56.98, "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": 23.05, "rotation_up": 46.14, "upward_expansion": 75.4, "deceleration": 71.33, "rotation_down": 26.38, "downward_expansion": 6.73 }, "activity_lines": [ 77.959333, 77.599871, 76.849932, 75.374905 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 79.68, "trend_reference": 73.66008, "distance_from_trend": 0.081726, "trend_direction": "Improving", "fair_value": 59.317517, "distance_from_fair_value": 0.343279, "fair_value_direction": "Weakening", "relative_strength": -0.135414, "relative_strength_direction": "Weakening", "price_momentum": 0.11439, "excess_performance": -0.011235, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081726, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039121, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.343279, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.002601, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001354, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005069, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.11439, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.718375, "read": "Demand-led" } ], "volume": { "latest": 424541, "relative_activity": 0.827359, "balance": 1.718375, "dry_up": 0.835237, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.026273, "annualized_volatility": 0.137471, "from_high_reference": -0.006484, "from_low_reference": 0.236919 }, "levels": { "trend_reference": 73.66008, "fair_value_reference": 59.317517, "structural_low": 65.3, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.583545, "energy": 46.564594, "activity_lines": [ 77.330146, 77.179505, 75.853587, 74.461636 ] }, { "date": "2026-07-24", "close": 76.82, "volume": 645137, "typical_volume": 577052.2, "trend": 73.11385, "fair_value": 58.865155, "relative_strength": 0.75989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.968011, "energy": 42.874191, "activity_lines": [ 77.166, 77.141512, 76.126597, 74.71468 ] }, { "date": "2026-07-31", "close": 77.03, "volume": 380777, "typical_volume": 514424.75, "trend": 73.362669, "fair_value": 59.082594, "relative_strength": -0.072235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.889252, "energy": 38.962151, "activity_lines": [ 77.142, 77.130737, 76.3829, 74.967335 ] }, { "date": "2026-08-07", "close": 79.68, "volume": 424541, "typical_volume": 513128.2, "trend": 73.66008, "fair_value": 59.317517, "relative_strength": -0.135414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.281119, "energy": 48.87874, "activity_lines": [ 77.959333, 77.599871, 76.849932, 75.374905 ] } ], "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." } } }