{ "ticker": { "uuid": "bdea9d5c-8299-41bb-b70d-e7b3760dffe7", "symbol": "FLEE", "name": "FRANKLIN TEMPLETON ETF TR FTSE EUROPE ETF", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 75.944, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 80.93, "architecture_energy": 70.417, "architecture_maturity": 14.783, "architecture_confidence": 76.903, "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": 14.46, "rotation_up": 71.18, "upward_expansion": 90.05, "deceleration": 42.88, "rotation_down": 13.85, "downward_expansion": 14.38 }, "activity_lines": [ 39.293073, 38.945656, 38.493742, 38.185649 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 40.26, "trend_reference": 37.988606, "distance_from_trend": 0.059791, "trend_direction": "Improving", "fair_value": 31.03039, "distance_from_fair_value": 0.297438, "fair_value_direction": "Improving", "relative_strength": -2.368564, "relative_strength_direction": "Improving", "price_momentum": 0.039504, "excess_performance": -0.086121, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059791, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024926, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.297438, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.031724, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.023686, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026035, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.039504, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.642217, "read": "Demand-led" } ], "volume": { "latest": 18293, "relative_activity": 0.265646, "balance": 3.642217, "dry_up": 0.985554, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.02485, "annualized_volatility": 0.192284, "from_high_reference": -0.003712, "from_low_reference": 0.21238 }, "levels": { "trend_reference": 37.988606, "fair_value_reference": 31.03039, "structural_low": 34.74, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.007239, "positive_rate": 0.529412, "directional_follow_through": 0.529412, "median_excess_return": -0.005707, "regime_survival": 0.676471, "best_return": 0.090606, "worst_return": -0.07417, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.03312, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.037327, "regime_survival": 0.384615, "best_return": 0.105694, "worst_return": -0.107634, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.016673, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.048438, "regime_survival": 0.428571, "best_return": 0.143203, "worst_return": -0.027509, "sufficient": true }, { 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"Re-accelerating", "gate": "up", "direction": 56.179522, "energy": 45.667061, "activity_lines": [ 38.619081, 38.406362, 38.026307, 37.899856 ] }, { "date": "2026-07-24", "close": 38.5948, "volume": 9495, "typical_volume": 64577.75, "trend": 37.832939, "fair_value": 30.841209, "relative_strength": -2.102958, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.542409, "energy": 51.318948, "activity_lines": [ 38.64234, 38.483791, 38.124428, 37.952846 ] }, { "date": "2026-07-31", "close": 39.08, "volume": 232652, "typical_volume": 73181.65, "trend": 37.898606, "fair_value": 30.932426, "relative_strength": -1.936336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.746311, "energy": 50.395709, "activity_lines": [ 38.81104, 38.617373, 38.260259, 38.033301 ] }, { "date": "2026-08-07", "close": 40.26, "volume": 18293, "typical_volume": 68862.25, "trend": 37.988606, "fair_value": 31.03039, "relative_strength": -2.368564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.929562, "energy": 70.416924, "activity_lines": [ 39.293073, 38.945656, 38.493742, 38.185649 ] } ], "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." } } }