{ "ticker": { "uuid": "75655f8d-e36f-4f53-806e-044a095007c3", "symbol": "2860", "name": "NEXT FUNDS German Equity DAX (Yen-Hedged) Exchange Traded Fund", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 70.948, "architecture_energy": 51.268, "architecture_maturity": 12.131, "architecture_confidence": 77.706, "architecture_tenure": "New", "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": 22.45, "rotation_up": 55.78, "upward_expansion": 79.75, "deceleration": 53.96, "rotation_down": 20.41, "downward_expansion": 11.08 }, "activity_lines": [ 3201.0, 3178.2, 3144.917233, 3120.42271 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 3270.0, "trend_reference": 3109.445825, "distance_from_trend": 0.051634, "trend_direction": "Improving", "fair_value": 2748.78449, "distance_from_fair_value": 0.189617, "fair_value_direction": "Improving", "relative_strength": -12.895143, "relative_strength_direction": "Improving", "price_momentum": 0.048214, "excess_performance": -0.161045, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051634, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008681, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.189617, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028845, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.128951, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.109238, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048214, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.60225, "read": "Demand-led" } ], "volume": { "latest": 16839, "relative_activity": 0.781233, "balance": 2.60225, "dry_up": 0.581935, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.02664, "annualized_volatility": 0.159437, "from_high_reference": -0.016245, "from_low_reference": 0.176498 }, "levels": { "trend_reference": 3109.445825, "fair_value_reference": 2748.78449, "structural_low": 2779.434929, 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44.457998, "activity_lines": [ 3166.2, 3145.258496, 3105.986546, 3100.576048 ] }, { "date": "2026-07-17", "close": 3100.0, "volume": 4186, "typical_volume": 33907.0, "trend": 3102.971436, "fair_value": 2730.708042, "relative_strength": -17.660428, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 23.691033, "energy": 30.271677, "activity_lines": [ 3149.866667, 3139.739839, 3108.059113, 3100.429142 ] }, { "date": "2026-07-24", "close": 3114.0, "volume": 3831, "typical_volume": 28052.45, "trend": 3103.409448, "fair_value": 2735.864848, "relative_strength": -17.155316, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 21.631074, "energy": 21.830336, "activity_lines": [ 3137.0, 3136.871897, 3111.994956, 3101.140662 ] }, { "date": "2026-07-31", "close": 3240.0, "volume": 25317, "typical_volume": 24610.8, "trend": 3107.718807, "fair_value": 2742.217727, "relative_strength": -12.748955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.790399, "energy": 36.486793, "activity_lines": [ 3168.066667, 3155.724019, 3127.619386, 3109.952955 ] }, { "date": "2026-08-07", "close": 3270.0, "volume": 16839, "typical_volume": 21554.4, "trend": 3109.445825, "fair_value": 2748.78449, "relative_strength": -12.895143, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.948494, "energy": 51.267926, "activity_lines": [ 3201.0, 3178.2, 3144.917233, 3120.42271 ] } ], "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." } } }