{ "ticker": { "uuid": "cdf981d5-4465-4529-a321-ea6f8e1ecabb", "symbol": "JREU", "name": "JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (acc)", "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": 92.642, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.22, "architecture_energy": 67.26, "architecture_maturity": 78.72, "architecture_confidence": 65.33, "architecture_tenure": "Established", "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": 14.85, "rotation_up": 54.46, "upward_expansion": 82.68, "deceleration": 71.04, "rotation_down": 28.41, "downward_expansion": 11.68 }, "activity_lines": [ 65.739333, 65.420182, 64.49781, 63.108452 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 67.120003, "trend_reference": 61.462, "distance_from_trend": 0.092057, "trend_direction": "Improving", "fair_value": 52.680737, "distance_from_fair_value": 0.27409, "fair_value_direction": "Improving", "relative_strength": -3.293326, "relative_strength_direction": "Weakening", "price_momentum": 0.148922, "excess_performance": -0.02197, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092057, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039415, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.27409, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034888, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032933, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006731, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.148922, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.941641, "read": "Demand-led" } ], "volume": { "latest": 117303, "relative_activity": 0.952, "balance": 2.941641, "dry_up": 0.99323, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.018302, "annualized_volatility": 0.117093, "from_high_reference": -0.003711, "from_low_reference": 0.23952 }, "levels": { "trend_reference": 61.462, "fair_value_reference": 52.680737, "structural_low": 55.610001, "invalidation": 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139661, "typical_volume": 140867.3, "trend": 60.992, "fair_value": 52.34891, "relative_strength": -2.708242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.180979, "energy": 64.044724, "activity_lines": [ 65.281999, 65.045272, 63.821619, 62.48985 ] }, { "date": "2026-07-31", "close": 64.669998, "volume": 115213, "typical_volume": 129227.45, "trend": 61.209667, "fair_value": 52.505898, "relative_strength": -4.140921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.872736, "energy": 58.629568, "activity_lines": [ 65.110666, 65.014181, 64.058619, 62.72714 ] }, { "date": "2026-08-07", "close": 67.120003, "volume": 117303, "typical_volume": 123217.45, "trend": 61.462, "fair_value": 52.680737, "relative_strength": -3.293326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.220483, "energy": 67.260233, "activity_lines": [ 65.739333, 65.420182, 64.49781, 63.108452 ] } ], "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." } } }