{ "ticker": { "uuid": "54a8e945-37b3-444e-9595-dcbc920e8e53", "symbol": "INCM", "name": "FRANKLIN TEMPLETON ETF TR INCOME 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 70.886, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": 67.733, "architecture_energy": 42.87, "architecture_maturity": 13.779, "architecture_confidence": 62.457, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 40.77, "rotation_up": 50.84, "upward_expansion": 74.12, "deceleration": 59.04, "rotation_down": 18.24, "downward_expansion": 5.45 }, "activity_lines": [ 29.174988, 29.098619, 29.056788, 28.965066 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 29.47, "trend_reference": 28.828867, "distance_from_trend": 0.022239, "trend_direction": "Improving", "fair_value": 25.14909, "distance_from_fair_value": 0.171812, "fair_value_direction": "Weakening", "relative_strength": -6.276812, "relative_strength_direction": "Weakening", "price_momentum": 0.02522, "excess_performance": -0.100405, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022239, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02131, "read": "Rising" }, { "label": "Price vs 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"Recompressing", "gate": "up", "direction": 29.893523, "energy": 14.059319, "activity_lines": [ 28.962383, 29.003563, 28.976799, 28.89305 ] }, { "date": "2026-07-31", "close": 29.14, "volume": 1969396, "typical_volume": 1739749.5, "trend": 28.774017, "fair_value": 25.098315, "relative_strength": -4.216571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.430923, "energy": 23.343599, "activity_lines": [ 29.02184, 29.021231, 29.002774, 28.920163 ] }, { "date": "2026-08-07", "close": 29.47, "volume": 2234023, "typical_volume": 1794899.8, "trend": 28.828867, "fair_value": 25.14909, "relative_strength": -6.276812, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.732949, "energy": 42.869953, "activity_lines": [ 29.174988, 29.098619, 29.056788, 28.965066 ] } ], "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." } } }