{ "ticker": { "uuid": "93f4a619-0e4a-45c4-9ed3-4cc86e735cb3", "symbol": "1631", "name": "NEXT FUNDS TOPIX-17 BANKS ETF", "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": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 66.877, "architecture_energy": 57.898, "architecture_maturity": 39.955, "architecture_confidence": 82.66, "architecture_tenure": "Developing", "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": 9.22, "rotation_up": 67.69, "upward_expansion": 84.8, "deceleration": 57.41, "rotation_down": 17.11, "downward_expansion": 9.14 }, "activity_lines": [ 40267.139583, 39467.558594, 37737.187221, 36462.436366 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 40450.0, "trend_reference": 35102.145313, "distance_from_trend": 0.152351, "trend_direction": "Improving", "fair_value": 21867.180702, "distance_from_fair_value": 0.849804, "fair_value_direction": "Improving", "relative_strength": 9.327569, "relative_strength_direction": "Improving", "price_momentum": 0.17553, "excess_performance": -0.033728, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.152351, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.119989, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.849804, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.152053, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.093276, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.136414, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.17553, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.27153, "read": "Demand-led" } ], "volume": { "latest": 44446, "relative_activity": 1.876301, "balance": 1.27153, "dry_up": 1.96586, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.056154, "annualized_volatility": 0.272509, "from_high_reference": -0.04509, "from_low_reference": 0.756023 }, "levels": { "trend_reference": 35102.145313, "fair_value_reference": 21867.180702, 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21507.298315, "relative_strength": 15.24293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.253966, "energy": 86.805112, "activity_lines": [ 39817.769271, 38719.171662, 36846.133501, 35745.99275 ] }, { "date": "2026-07-31", "close": 39780.0, "volume": 75252, "typical_volume": 21949.35, "trend": 34754.478646, "fair_value": 21684.561705, "relative_strength": 9.880385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.538967, "energy": 68.201788, "activity_lines": [ 40026.123438, 39063.456037, 37281.73179, 36094.983375 ] }, { "date": "2026-08-07", "close": 40450.0, "volume": 44446, "typical_volume": 23688.1, "trend": 35102.145313, "fair_value": 21867.180702, "relative_strength": 9.327569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.876902, "energy": 57.898404, "activity_lines": [ 40267.139583, 39467.558594, 37737.187221, 36462.436366 ] } ], "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." } } }