{ "ticker": { "uuid": "b6acb5d0-a4eb-43f0-96c0-cbe7b5fa9e2f", "symbol": "FLXK", "name": "Franklin FTSE Korea UCITS ETF", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": 5.898, "architecture_energy": 23.056, "architecture_maturity": 66.845, "architecture_confidence": 75.479, "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": 61.27, "rotation_up": 15.48, "upward_expansion": 41.92, "deceleration": 87.98, "rotation_down": 43.5, "downward_expansion": 33.59 }, "activity_lines": [ 79.483331, 84.755635, 85.520999, 80.89615 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 79.519997, "trend_reference": 74.105333, "distance_from_trend": 0.073067, "trend_direction": "Improving", "fair_value": 39.473782, "distance_from_fair_value": 1.014502, "fair_value_direction": "Weakening", "relative_strength": 17.393212, "relative_strength_direction": "Weakening", "price_momentum": 0.41394, "excess_performance": 0.243048, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073067, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.256214, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.014502, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.495528, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.173932, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.54689, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.41394, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.80364, "read": "Supply-led" } ], "volume": { "latest": 215515, "relative_activity": 1.63394, "balance": 0.80364, "dry_up": 1.670652, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.121015, "annualized_volatility": 0.550832, "from_high_reference": -0.242378, "from_low_reference": 1.490058 }, "levels": { "trend_reference": 74.105333, "fair_value_reference": 39.473782, "structural_low": 53.48, "invalidation": "A 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26.313209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.143849, "energy": 26.563747, "activity_lines": [ 84.890666, 89.343455, 85.978905, 80.229376 ] }, { "date": "2026-07-31", "close": 76.089996, "volume": 303424, "typical_volume": 128352.8, "trend": 73.130333, "fair_value": 39.150096, "relative_strength": 16.874374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.930434, "energy": 21.721226, "activity_lines": [ 80.919332, 86.63509, 85.62619, 80.483914 ] }, { "date": "2026-08-07", "close": 79.519997, "volume": 215515, "typical_volume": 131898.95, "trend": 74.105333, "fair_value": 39.473782, "relative_strength": 17.393212, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.898491, "energy": 23.056027, "activity_lines": [ 79.483331, 84.755635, 85.520999, 80.89615 ] } ], "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." } } }