{ "ticker": { "uuid": "9ef42116-1245-425e-bede-577e45b64a21", "symbol": "JMSI", "name": "JP MORGAN ETF TRUST SUSTAINABLE MUNICIPAL INCOME ETF USD", "exchange": "NYSEARCA", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.054, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.008, "architecture_energy": 55.496, "architecture_maturity": 2.343, "architecture_confidence": 74.767, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.58, "rotation_up": 11.07, "upward_expansion": 11.64, "deceleration": 39.08, "rotation_down": 70.67, "downward_expansion": 82.64 }, "activity_lines": [ 49.49735, 49.703411, 49.769345, 49.794602 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 49.6403, "trend_reference": 49.853874, "distance_from_trend": -0.004284, "trend_direction": "Improving", "fair_value": 47.604406, "distance_from_fair_value": 0.042767, "fair_value_direction": "Weakening", "relative_strength": -10.756573, "relative_strength_direction": "Weakening", "price_momentum": -0.009039, "excess_performance": -0.134664, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004284, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.00222, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.042767, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.010353, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.107566, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012125, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.009039, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.932545, "read": "Supply-led" } ], "volume": { "latest": 116496, "relative_activity": 0.710092, "balance": 0.932545, "dry_up": 1.162332, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.007304, "annualized_volatility": 0.039385, "from_high_reference": -0.018901, "from_low_reference": 0.044953 }, "levels": { "trend_reference": 49.853874, "fair_value_reference": 47.604406, "structural_low": 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"2026-08-07", "close": 49.6403, "volume": 116496, "typical_volume": 164057.7, "trend": 49.853874, "fair_value": 47.604406, "relative_strength": -10.756573, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.0079, "energy": 55.495955, "activity_lines": [ 49.49735, 49.703411, 49.769345, 49.794602 ] } ], "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." } } }