{ "ticker": { "uuid": "6c5e6814-f2b1-410b-b642-0192e91fd975", "symbol": "JREJ", "name": "JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)", "exchange": "EBS", "country": "CH", "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": "^SSMI", "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": 59.349, "architecture_energy": 28.292, "architecture_maturity": 56.79, "architecture_confidence": 89.959, "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": 26.67, "rotation_up": 36.14, "upward_expansion": 60.08, "deceleration": 85.26, "rotation_down": 29.35, "downward_expansion": 21.41 }, "activity_lines": [ 41.635667, 41.682455, 41.301262, 40.726237 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 43.025002, "trend_reference": 40.043834, "distance_from_trend": 0.074448, "trend_direction": "Improving", "fair_value": 31.705801, "distance_from_fair_value": 0.357007, "fair_value_direction": "Improving", "relative_strength": 2.346454, "relative_strength_direction": "Weakening", "price_momentum": 0.092005, "excess_performance": 0.009122, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074448, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05107, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.357007, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.023465, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.090479, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.092005, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.009306, "read": "Demand-led" } ], "volume": { "latest": 62611, "relative_activity": 8.144255, "balance": 4.009306, "dry_up": 3.244057, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029714, "annualized_volatility": 0.234799, "from_high_reference": -0.002319, "from_low_reference": 0.294569 }, "levels": { "trend_reference": 40.043834, "fair_value_reference": 31.705801, "structural_low": 36.049999, "invalidation": "A 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40.30086 ] }, { "date": "2026-07-17", "close": 40.099998, "volume": 13466, "typical_volume": 3981.95, "trend": 39.538, "fair_value": 31.395288, "relative_strength": -2.994782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.374228, "energy": 30.296816, "activity_lines": [ 41.526333, 41.590818, 40.877523, 40.346236 ] }, { "date": "2026-07-24", "close": 40.935001, "volume": 3542, "typical_volume": 4119.55, "trend": 39.701, "fair_value": 31.490545, "relative_strength": -0.941757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.423862, "energy": 24.313698, "activity_lines": [ 41.207333, 41.496182, 40.963714, 40.436366 ] }, { "date": "2026-07-31", "close": 41.035, "volume": 20139, "typical_volume": 4947.65, "trend": 39.866, "fair_value": 31.59109, "relative_strength": -0.94275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.102862, "energy": 20.60628, "activity_lines": [ 41.067666, 41.410363, 41.0465, 40.52243 ] }, { "date": "2026-08-07", "close": 43.025002, "volume": 62611, "typical_volume": 7687.75, "trend": 40.043834, "fair_value": 31.705801, "relative_strength": 2.346454, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.348752, "energy": 28.292271, "activity_lines": [ 41.635667, 41.682455, 41.301262, 40.726237 ] } ], "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." } } }