{ "ticker": { "uuid": "cdc9c3b8-ce9e-4a7a-87db-86be665e431e", "symbol": "JPXN", "name": "ISHARES TRUST JPX-NIKKEI 400 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": 74.656, "architecture_energy": 41.427, "architecture_maturity": 25.266, "architecture_confidence": 74.407, "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": 28.05, "rotation_up": 50.61, "upward_expansion": 77.88, "deceleration": 63.36, "rotation_down": 24.15, "downward_expansion": 4.55 }, "activity_lines": [ 100.444413, 99.883303, 98.847805, 97.50606 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 104.0345, "trend_reference": 95.988176, "distance_from_trend": 0.083826, "trend_direction": "Improving", "fair_value": 75.936868, "distance_from_fair_value": 0.370013, "fair_value_direction": "Improving", "relative_strength": 2.019907, "relative_strength_direction": "Weakening", "price_momentum": 0.092732, "excess_performance": -0.032893, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083826, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048758, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.370013, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007499, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020199, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.014134, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.092732, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.622514, "read": "Demand-led" } ], "volume": { "latest": 29826, "relative_activity": 0.389982, "balance": 1.622514, "dry_up": 0.435389, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.033883, "annualized_volatility": 0.223877, "from_high_reference": 0.0, "from_low_reference": 0.304065 }, "levels": { "trend_reference": 95.988176, "fair_value_reference": 75.936868, "structural_low": 86.998839, "invalidation": "A 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99.12566, 98.978536, 97.585681, 96.470492 ] }, { "date": "2026-07-24", "close": 97.8547, "volume": 38510, "typical_volume": 131852.85, "trend": 95.088328, "fair_value": 75.40971, "relative_strength": 0.631995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.492418, "energy": 24.817376, "activity_lines": [ 98.54546, 98.817083, 97.795574, 96.673895 ] }, { "date": "2026-07-31", "close": 99.4724, "volume": 30795, "typical_volume": 84853.8, "trend": 95.520011, "fair_value": 75.658066, "relative_strength": 1.067427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.947651, "energy": 24.039415, "activity_lines": [ 98.763, 98.950126, 98.128184, 96.956738 ] }, { "date": "2026-08-07", "close": 104.0345, "volume": 29826, "typical_volume": 76480.45, "trend": 95.988176, "fair_value": 75.936868, "relative_strength": 2.019907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.655674, "energy": 41.427235, "activity_lines": [ 100.444413, 99.883303, 98.847805, 97.50606 ] } ], "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." } } }