{ "ticker": { "uuid": "b14e0cb6-7f3d-42b4-a5f3-b2598ce19825", "symbol": "JNHD", "name": "Amundi Core MSCI Japan UCITS ETF EUR Hedged Dist", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": 55.014, "architecture_energy": 32.153, "architecture_maturity": 59.2, "architecture_confidence": 80.224, "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": 22.16, "rotation_up": 39.84, "upward_expansion": 68.29, "deceleration": 82.62, "rotation_down": 27.08, "downward_expansion": 15.95 }, "activity_lines": [ 42.171334, 42.291455, 41.693262, 40.889323 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 42.93, "trend_reference": 39.910667, "distance_from_trend": 0.075652, "trend_direction": "Improving", "fair_value": 29.601891, "distance_from_fair_value": 0.450245, "fair_value_direction": "Improving", "relative_strength": 6.926343, "relative_strength_direction": "Weakening", "price_momentum": 0.103174, "excess_performance": 0.038534, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075652, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064847, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.450245, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004983, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.069263, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.10722, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.103174, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.179719, "read": "Demand-led" } ], "volume": { "latest": 33999, "relative_activity": 0.582549, "balance": 7.179719, "dry_up": 0.44362, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.032665, "annualized_volatility": 0.204841, "from_high_reference": -0.015367, "from_low_reference": 0.4011 }, "levels": { "trend_reference": 39.910667, "fair_value_reference": 29.601891, "structural_low": 35.799999, "invalidation": "A 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84.06347, "activity_lines": [ 42.607334, 41.987455, 40.718905, 39.957129 ] }, { "date": "2026-07-10", "close": 43.0, "volume": 29484, "typical_volume": 61232.7, "trend": 39.084666, "fair_value": 29.071465, "relative_strength": 14.892885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.453657, "energy": 80.869645, "activity_lines": [ 42.82, 42.286909, 41.02269, 40.226946 ] }, { "date": "2026-07-17", "close": 41.255001, "volume": 28087, "typical_volume": 62007.5, "trend": 39.283, "fair_value": 29.20018, "relative_strength": 10.581291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.525173, "energy": 50.743936, "activity_lines": [ 42.344667, 42.191182, 41.143119, 40.366968 ] }, { "date": "2026-07-24", "close": 42.330002, "volume": 22390, "typical_volume": 61175.3, "trend": 39.517833, "fair_value": 29.333538, "relative_strength": 11.594634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.749748, "energy": 42.834937, "activity_lines": [ 42.252668, 42.272546, 41.361453, 40.563548 ] }, { "date": "2026-07-31", "close": 41.355, "volume": 19087, "typical_volume": 61384.3, "trend": 39.717666, "fair_value": 29.46338, "relative_strength": 6.260466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.76419, "energy": 30.264538, "activity_lines": [ 41.917001, 42.143728, 41.462191, 40.682075 ] }, { "date": "2026-08-07", "close": 42.93, "volume": 33999, "typical_volume": 58362.45, "trend": 39.910667, "fair_value": 29.601891, "relative_strength": 6.926343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.01436, "energy": 32.152522, "activity_lines": [ 42.171334, 42.291455, 41.693262, 40.889323 ] } ], "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." } } }