{ "ticker": { "uuid": "989b2b28-ca14-4500-a606-c4e504fcb08e", "symbol": "FLQA", "name": "Franklin FTSE Asia ex China ex", "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": 25.95, "architecture_energy": 28.182, "architecture_maturity": 67.31, "architecture_confidence": 94.497, "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": 56.75, "rotation_up": 18.27, "upward_expansion": 53.61, "deceleration": 94.0, "rotation_down": 37.1, "downward_expansion": 19.61 }, "activity_lines": [ 36.391867, 37.392582, 37.098824, 35.700877 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 36.471001, "trend_reference": 33.804766, "distance_from_trend": 0.078872, "trend_direction": "Improving", "fair_value": 27.100696, "distance_from_fair_value": 0.345759, "fair_value_direction": "Weakening", "relative_strength": 12.71434, "relative_strength_direction": "Weakening", "price_momentum": 0.245552, "excess_performance": 0.19224, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078872, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.128624, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.345759, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.105209, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.127143, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.232756, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.245552, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.560659, "read": "Demand-led" } ], "volume": { "latest": 45436, "relative_activity": 4.903545, "balance": 1.560659, "dry_up": 1.898672, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.05491, "annualized_volatility": 0.316597, "from_high_reference": -0.116797, "from_low_reference": 0.570604 }, "levels": { "trend_reference": 33.804766, "fair_value_reference": 27.100696, "structural_low": 28.35, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "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": "Intermediate", "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": "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, "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 } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": -0.037627, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.008159, "active": true } ], "chart_path": [ { "date": "2024-11-29", "close": 23.466999, "volume": 2244, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 23.527, "volume": 462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, 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"activity_lines": [ 38.172266, 38.4254, 36.752409, 35.103316 ] }, { "date": "2026-07-24", "close": 36.771, "volume": 2942, "typical_volume": 6656.6, "trend": 33.255066, "fair_value": 26.894046, "relative_strength": 19.623943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.284695, "energy": 30.591698, "activity_lines": [ 37.444, 38.167182, 36.94218, 35.352931 ] }, { "date": "2026-07-31", "close": 35.709, "volume": 15404, "typical_volume": 7019.8, "trend": 33.531766, "fair_value": 26.994216, "relative_strength": 13.677476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.10619, "energy": 28.110806, "activity_lines": [ 36.663266, 37.699982, 36.9983, 35.511249 ] }, { "date": "2026-08-07", "close": 36.471001, "volume": 45436, "typical_volume": 9265.95, "trend": 33.804766, "fair_value": 27.100696, "relative_strength": 12.71434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.950233, "energy": 28.182153, "activity_lines": [ 36.391867, 37.392582, 37.098824, 35.700877 ] } ], "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." } } }