{ "ticker": { "uuid": "896677e1-23ce-4f20-afda-f8f63a673254", "symbol": "LCDS", "name": "JPMorgan Fundamental Data Science Large Core ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.739, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.199, "architecture_energy": 76.078, "architecture_maturity": 38.874, "architecture_confidence": 75.567, "architecture_tenure": "Established", "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": 17.26, "rotation_up": 69.21, "upward_expansion": 89.84, "deceleration": 49.97, "rotation_down": 21.84, "downward_expansion": 14.17 }, "activity_lines": [ 72.649673, 71.959863, 71.065808, 69.689073 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 74.3944, "trend_reference": 68.168725, "distance_from_trend": 0.091327, "trend_direction": "Improving", "fair_value": 60.740562, "distance_from_fair_value": 0.224789, "fair_value_direction": "Improving", "relative_strength": -1.575309, "relative_strength_direction": "Improving", "price_momentum": 0.118783, "excess_performance": -0.068671, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091327, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03386, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.224789, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041823, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015753, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.056572, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.118783, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.875635, "read": "Supply-led" } ], "volume": { "latest": 1665, "relative_activity": 1.672106, "balance": 0.875635, "dry_up": 3.071554, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.018666, "annualized_volatility": 0.134009, "from_high_reference": 0.0, "from_low_reference": 0.236862 }, "levels": { "trend_reference": 68.168725, "fair_value_reference": 60.740562, "structural_low": 60.8538, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.006832, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.005265, "regime_survival": 0.75, "best_return": 0.016334, "worst_return": -0.033366, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.072736, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.105214, "regime_survival": 1.0, "best_return": 0.072736, "worst_return": 0.072736, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.976796, "energy": 64.537921, "activity_lines": [ 71.73218, 71.383564, 70.553512, 69.270191 ] }, { "date": "2026-08-07", "close": 74.3944, "volume": 1665, "typical_volume": 995.75, "trend": 68.168725, "fair_value": 60.740562, "relative_strength": -1.575309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.199364, "energy": 76.077904, "activity_lines": [ 72.649673, 71.959863, 71.065808, 69.689073 ] } ], "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." } } }