{ "ticker": { "uuid": "6f7cf16d-c28d-4f10-85ad-10551a9a0d63", "symbol": "FLXI", "name": "Franklin FTSE India UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 71.737, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 37.186, "architecture_energy": 26.118, "architecture_maturity": 15.166, "architecture_confidence": 38.863, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 32.61, "rotation_up": 46.91, "upward_expansion": 44.67, "deceleration": 39.51, "rotation_down": 28.05, "downward_expansion": 14.34 }, "activity_lines": [ 36.186333, 36.129091, 35.752214, 35.624559 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 36.535, "trend_reference": 35.7285, "distance_from_trend": 0.022573, "trend_direction": "Weakening", "fair_value": 38.286154, "distance_from_fair_value": -0.045739, "fair_value_direction": "Improving", "relative_strength": -15.221547, "relative_strength_direction": "Improving", "price_momentum": -0.022867, "excess_performance": -0.193759, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022573, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.024473, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.045739, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.021473, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152215, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.025157, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.022867, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.422965, "read": "Supply-led" } ], "volume": { "latest": 82419, "relative_activity": 1.053357, "balance": 0.422965, "dry_up": 0.844473, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.021844, "annualized_volatility": 0.147754, "from_high_reference": -0.086625, "from_low_reference": 0.123117 }, "levels": { "trend_reference": 35.7285, "fair_value_reference": 38.286154, "structural_low": 32.529999, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.007281, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.007186, "regime_survival": 0.4, "best_return": 0.029607, "worst_return": 0.003237, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.038088, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.007318, "regime_survival": 0.0, "best_return": 0.093811, "worst_return": -0.027189, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.079875, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.228344, "regime_survival": 0.0, "best_return": 0.144038, "worst_return": -0.106091, "sufficient": false }, { "horizon": "Full 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"typical_volume": 85649.8, "trend": 35.958833, "fair_value": 38.204776, "relative_strength": -14.869363, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.5061, "energy": 45.72234, "activity_lines": [ 36.225667, 35.870001, 35.493095, 35.572753 ] }, { "date": "2026-07-24", "close": 35.705002, "volume": 81307, "typical_volume": 81880.1, "trend": 35.867, "fair_value": 38.228013, "relative_strength": -15.041767, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.883589, "energy": 26.375677, "activity_lines": [ 36.038001, 35.896364, 35.539072, 35.556377 ] }, { "date": "2026-07-31", "close": 36.169998, "volume": 42356, "typical_volume": 79850.25, "trend": 35.781167, "fair_value": 38.255897, "relative_strength": -14.02212, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.041506, "energy": 21.269933, "activity_lines": [ 36.040667, 35.990455, 35.631, 35.575925 ] }, { "date": "2026-08-07", "close": 36.535, "volume": 82419, "typical_volume": 78244.1, "trend": 35.7285, "fair_value": 38.286154, "relative_strength": -15.221547, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.185699, "energy": 26.118032, "activity_lines": [ 36.186333, 36.129091, 35.752214, 35.624559 ] } ], "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." } } }