{ "ticker": { "uuid": "c66d3384-c3ea-4ac9-bb84-9581b62b94fe", "symbol": "FLJH", "name": "FRANKLIN TEMPLETON ETF TR FTSE JAPAN HEDGED 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": "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": 51.188, "architecture_energy": 29.143, "architecture_maturity": 55.284, "architecture_confidence": 89.405, "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": 32.25, "rotation_up": 34.12, "upward_expansion": 62.71, "deceleration": 88.22, "rotation_down": 26.42, "downward_expansion": 15.05 }, "activity_lines": [ 45.0961, 45.178315, 44.580328, 43.758048 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 45.9503, "trend_reference": 42.734911, "distance_from_trend": 0.07524, "trend_direction": "Improving", "fair_value": 31.99938, "distance_from_fair_value": 0.435975, "fair_value_direction": "Weakening", "relative_strength": 2.030317, "relative_strength_direction": "Weakening", "price_momentum": 0.098239, "excess_performance": -0.027386, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07524, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056277, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.435975, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00249, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020303, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.026219, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.098239, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.995319, "read": "Demand-led" } ], "volume": { "latest": 605818, "relative_activity": 4.278837, "balance": 2.995319, "dry_up": 1.580029, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.037088, "annualized_volatility": 0.209407, "from_high_reference": -0.026521, "from_low_reference": 0.353986 }, "levels": { "trend_reference": 42.734911, "fair_value_reference": 31.99938, "structural_low": 38.66, "invalidation": "A 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42.066178, "fair_value": 31.564366, "relative_strength": 2.947039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.035436, "energy": 46.594385, "activity_lines": [ 45.271597, 45.069304, 44.025159, 43.220995 ] }, { "date": "2026-07-24", "close": 45.13, "volume": 61055, "typical_volume": 124365.2, "trend": 42.315234, "fair_value": 31.708263, "relative_strength": 5.295599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.825069, "energy": 41.412693, "activity_lines": [ 45.142347, 45.13711, 44.238078, 43.418661 ] }, { "date": "2026-07-31", "close": 44.15, "volume": 99654, "typical_volume": 117106.0, "trend": 42.524568, "fair_value": 31.849476, "relative_strength": 1.663402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.515944, "energy": 28.336162, "activity_lines": [ 44.782173, 44.996837, 44.333597, 43.537033 ] }, { "date": "2026-08-07", "close": 45.9503, "volume": 605818, "typical_volume": 141584.75, "trend": 42.734911, "fair_value": 31.99938, "relative_strength": 2.030317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.188145, "energy": 29.142724, "activity_lines": [ 45.0961, 45.178315, 44.580328, 43.758048 ] } ], "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." } } }