{ "ticker": { "uuid": "5b60b839-1604-4307-83ba-011faffb90ab", "symbol": "EWJ", "name": "ISHARES INC MSCI JAPAN ETF NEW", "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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 68.036, "architecture_energy": 34.944, "architecture_maturity": 36.041, "architecture_confidence": 88.544, "architecture_tenure": "New", "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": 35.9, "rotation_up": 39.32, "upward_expansion": 68.05, "deceleration": 92.43, "rotation_down": 26.07, "downward_expansion": 8.38 }, "activity_lines": [ 93.548, 93.295946, 92.279377, 90.898718 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 96.9, "trend_reference": 89.385673, "distance_from_trend": 0.084066, "trend_direction": "Improving", "fair_value": 70.702624, "distance_from_fair_value": 0.370529, "fair_value_direction": "Improving", "relative_strength": 1.959215, "relative_strength_direction": "Weakening", "price_momentum": 0.089666, "excess_performance": -0.035959, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084066, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049317, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.370529, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01557, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019592, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.01001, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.089666, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.91922, "read": "Demand-led" } ], "volume": { "latest": 17285530, "relative_activity": 0.572123, "balance": 1.91922, "dry_up": 0.727774, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.038402, "annualized_volatility": 0.2337, "from_high_reference": -0.006358, "from_low_reference": 0.3066 }, "levels": { "trend_reference": 89.385673, "fair_value_reference": 70.702624, "structural_low": 80.421664, "invalidation": "A 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.544572, "energy": 22.861691, "activity_lines": [ 92.049333, 92.520784, 91.329329, 90.140596 ] }, { "date": "2026-07-31", "close": 92.39, "volume": 25294804, "typical_volume": 31800540.6, "trend": 88.961064, "fair_value": 70.441898, "relative_strength": 0.734327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.126342, "energy": 19.165087, "activity_lines": [ 92.033333, 92.509868, 91.612143, 90.386529 ] }, { "date": "2026-08-07", "close": 96.9, "volume": 17285530, "typical_volume": 30212983.95, "trend": 89.385673, "fair_value": 70.702624, "relative_strength": 1.959215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.036166, "energy": 34.944226, "activity_lines": [ 93.548, 93.295946, 92.279377, 90.898718 ] } ], "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." } } }