{ "ticker": { "uuid": "8e9e89aa-f52c-47a2-9fde-693bb5356b7f", "symbol": "JPNK", "name": "Amundi Index Solutions - Amundi JPX-Nikkei 400", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": 76.508, "architecture_energy": 45.772, "architecture_maturity": 55.579, "architecture_confidence": 83.446, "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": 25.43, "rotation_up": 44.74, "upward_expansion": 72.91, "deceleration": 91.42, "rotation_down": 28.27, "downward_expansion": 10.91 }, "activity_lines": [ 247.868, 247.409563, 243.818921, 239.723155 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 255.169998, "trend_reference": 234.694129, "distance_from_trend": 0.087245, "trend_direction": "Improving", "fair_value": 192.543697, "distance_from_fair_value": 0.325258, "fair_value_direction": "Improving", "relative_strength": 7.374704, "relative_strength_direction": "Weakening", "price_momentum": 0.123567, "excess_performance": 0.070255, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087245, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056325, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325258, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039354, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.073747, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.056903, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.123567, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.209483, "read": "Demand-led" } ], "volume": { "latest": 941, "relative_activity": 0.484004, "balance": 1.209483, "dry_up": 1.314294, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.027145, "annualized_volatility": 0.196941, "from_high_reference": 0.0, "from_low_reference": 0.307185 }, "levels": { "trend_reference": 234.694129, "fair_value_reference": 192.543697, "structural_low": 212.543594, "invalidation": "A 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"Re-accelerating", "gate": "up", "direction": 72.871473, "energy": 86.008437, "activity_lines": [ 249.128976, 246.154742, 239.884446, 235.998527 ] }, { "date": "2026-07-17", "close": 240.389999, "volume": 6422, "typical_volume": 2107.15, "trend": 231.052562, "fair_value": 190.807033, "relative_strength": 6.687997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.085867, "energy": 52.196002, "activity_lines": [ 246.654002, 245.530765, 240.404722, 236.669973 ] }, { "date": "2026-07-24", "close": 245.220001, "volume": 902, "typical_volume": 1857.7, "trend": 232.303772, "fair_value": 191.344969, "relative_strength": 7.99336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.704731, "energy": 45.572354, "activity_lines": [ 245.784668, 245.745087, 241.378672, 237.584001 ] }, { "date": "2026-07-31", "close": 243.800003, "volume": 1956, "typical_volume": 1930.7, "trend": 233.509346, "fair_value": 191.906945, "relative_strength": 5.359441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.603758, "energy": 31.720597, "activity_lines": [ 244.830668, 245.583618, 242.107088, 238.325693 ] }, { "date": "2026-08-07", "close": 255.169998, "volume": 941, "typical_volume": 1944.2, "trend": 234.694129, "fair_value": 192.543697, "relative_strength": 7.374704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.50776, "energy": 45.771701, "activity_lines": [ 247.868, 247.409563, 243.818921, 239.723155 ] } ], "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." } } }