{ "ticker": { "uuid": "c0df3ccd-ab53-41b2-9e93-3dec416da245", "symbol": "JEPI", "name": "JPMorgan US Equity Premium Income Active 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 59.933, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.361, "architecture_energy": 50.557, "architecture_maturity": 13.938, "architecture_confidence": 71.191, "architecture_tenure": "New", "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": 15.59, "rotation_up": 64.48, "upward_expansion": 82.46, "deceleration": 57.46, "rotation_down": 17.39, "downward_expansion": 6.79 }, "activity_lines": [ 25.480669, 25.392373, 25.11575, 25.018228 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 25.629999, "trend_reference": 24.970273, "distance_from_trend": 0.02642, "trend_direction": "Improving", "fair_value": 24.04429, "distance_from_fair_value": 0.065949, "fair_value_direction": "Improving", "relative_strength": -7.724861, "relative_strength_direction": "Improving", "price_momentum": 0.006697, "excess_performance": -0.113725, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.02642, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.009094, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.065949, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.047758, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.077249, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02943, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.006697, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.251664, "read": "Demand-led" } ], "volume": { "latest": 95700, "relative_activity": 0.861774, "balance": 4.251664, "dry_up": 0.831607, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.014493, "annualized_volatility": 0.0801, "from_high_reference": -0.013472, "from_low_reference": 0.105288 }, "levels": { "trend_reference": 24.970273, "fair_value_reference": 24.04429, "structural_low": 24.098168, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, 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"regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.705131, "energy": 56.078376, "activity_lines": [ 25.403026, 25.30449, 25.042826, 24.974752 ] }, { "date": "2026-08-07", "close": 25.629999, "volume": 95700, "typical_volume": 111050.0, "trend": 24.970273, "fair_value": 24.04429, "relative_strength": -7.724861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.360603, "energy": 50.557391, "activity_lines": [ 25.480669, 25.392373, 25.11575, 25.018228 ] } ], "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." } } }