{ "ticker": { "uuid": "a17e9d49-ccee-48c3-a641-f493c76aa4a6", "symbol": "FCII", "name": "Franklin ClearBridge Global Infrastructure Income Fund ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 73.077, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 14.668, "architecture_energy": 10.089, "architecture_maturity": 57.941, "architecture_confidence": 81.142, "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": 56.17, "rotation_up": 19.65, "upward_expansion": 54.2, "deceleration": 90.45, "rotation_down": 29.35, "downward_expansion": 20.2 }, "activity_lines": [ 28.48552, 28.620938, 28.527324, 28.354567 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 27.98, "trend_reference": 27.97103, "distance_from_trend": 0.000321, "trend_direction": "Improving", "fair_value": 22.361413, "distance_from_fair_value": 0.251263, "fair_value_direction": "Weakening", "relative_strength": -6.235023, "relative_strength_direction": "Weakening", "price_momentum": 0.048038, "excess_performance": -0.072383, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000321, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042658, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.251263, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.042186, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.06235, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.042131, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.048038, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.755747, "read": "Supply-led" } ], "volume": { "latest": 2300, "relative_activity": 0.35061, "balance": 0.755747, "dry_up": 1.040396, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.018131, "annualized_volatility": 0.146866, "from_high_reference": -0.043857, "from_low_reference": 0.204698 }, "levels": { "trend_reference": 27.97103, "fair_value_reference": 22.361413, "structural_low": 26.827954, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.006428, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": -0.009812, "regime_survival": 0.75, "best_return": 0.091303, "worst_return": -0.044935, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.040861, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.029759, "regime_survival": 0.7, "best_return": 0.098096, "worst_return": -0.037569, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.07083, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.045485, "regime_survival": 0.4, "best_return": 0.156595, "worst_return": -0.14083, "sufficient": true }, { "horizon": "Full cycle", 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27.514479, "fair_value": 22.103595, "relative_strength": -1.615349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.771157, "energy": 53.855962, "activity_lines": [ 28.785412, 28.629523, 28.42982, 28.131761 ] }, { "date": "2026-07-17", "close": 28.69133, "volume": 9900, "typical_volume": 7345.0, "trend": 27.640626, "fair_value": 22.166688, "relative_strength": -1.2441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.815615, "energy": 45.203042, "activity_lines": [ 28.755302, 28.673041, 28.47185, 28.207687 ] }, { "date": "2026-07-24", "close": 29.089542, "volume": 3300, "typical_volume": 7100.0, "trend": 27.781356, "fair_value": 22.23336, "relative_strength": -0.083104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.043639, "energy": 44.864785, "activity_lines": [ 28.852913, 28.773859, 28.551008, 28.301165 ] }, { "date": "2026-07-31", "close": 28.52, "volume": 11800, "typical_volume": 7270.0, "trend": 27.890922, "fair_value": 22.299318, "relative_strength": -1.496544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.840026, "energy": 29.123623, "activity_lines": [ 28.734437, 28.745535, 28.567563, 28.34882 ] }, { "date": "2026-08-07", "close": 27.98, "volume": 2300, "typical_volume": 6560.0, "trend": 27.97103, "fair_value": 22.361413, "relative_strength": -6.235023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.667825, "energy": 10.089386, "activity_lines": [ 28.48552, 28.620938, 28.527324, 28.354567 ] } ], "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." } } }