{ "ticker": { "uuid": "d715f812-d1af-4e2d-95aa-55b3844286bc", "symbol": "FLLA", "name": "FRANKLIN TEMPLETON ETF TR FTSE LATIN AMERICA 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 87.934, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -28.51, "architecture_energy": 17.888, "architecture_maturity": 13.537, "architecture_confidence": 64.973, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 59.14, "rotation_up": 31.4, "upward_expansion": 19.52, "deceleration": 39.43, "rotation_down": 24.2, "downward_expansion": 53.52 }, "activity_lines": [ 27.31196, 27.081662, 27.301786, 27.489971 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 27.315, "trend_reference": 27.641809, "distance_from_trend": -0.011823, "trend_direction": "Improving", "fair_value": 21.243462, "distance_from_fair_value": 0.285807, "fair_value_direction": "Weakening", "relative_strength": -4.634066, "relative_strength_direction": "Weakening", "price_momentum": -0.038221, "excess_performance": -0.163846, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.011823, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.037586, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.285807, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.121152, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046341, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.128907, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.038221, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.498351, "read": "Supply-led" } ], "volume": { "latest": 105698, "relative_activity": 0.505323, "balance": 0.498351, "dry_up": 0.543125, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.037369, "annualized_volatility": 0.233206, "from_high_reference": -0.11055, "from_low_reference": 0.337569 }, "levels": { "trend_reference": 27.641809, "fair_value_reference": 21.243462, "structural_low": 25.694148, "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": 12, "median_return": 0.004581, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.018009, "regime_survival": 0.5, "best_return": 0.110391, "worst_return": -0.085292, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.019739, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.008578, "regime_survival": 0.142857, "best_return": 0.225054, "worst_return": -0.103357, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.000835, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.041691, "regime_survival": 0.0, "best_return": 0.199357, "worst_return": -0.125485, 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false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-04-25", "tenure": "Developing", "return": 0.082709, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-07-25", "tenure": "Established", "return": 0.03339, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.050353, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-03-20", "tenure": "Extended", "return": 0.235146, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.123379, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", 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27.039571, 27.612669, 27.561628 ] }, { "date": "2026-07-03", "close": 26.4511, "volume": 131992, "typical_volume": 259559.8, "trend": 27.149323, "fair_value": 21.004453, "relative_strength": -3.132492, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.300753, "energy": 35.600958, "activity_lines": [ 26.562535, 26.85004, 27.478058, 27.522814 ] }, { "date": "2026-07-10", "close": 27.27, "volume": 146028, "typical_volume": 253929.5, "trend": 27.250992, "fair_value": 21.052613, "relative_strength": -1.647728, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.807116, "energy": 24.812202, "activity_lines": [ 26.801328, 26.857488, 27.432146, 27.530599 ] }, { "date": "2026-07-17", "close": 26.895, "volume": 110768, "typical_volume": 240688.8, "trend": 27.358089, "fair_value": 21.097058, "relative_strength": -1.697453, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.365754, "energy": 16.732708, "activity_lines": [ 26.83597, 26.820269, 27.359663, 27.507632 ] }, { "date": "2026-07-24", "close": 27.1348, "volume": 154483, "typical_volume": 229607.3, "trend": 27.456649, "fair_value": 21.140575, "relative_strength": -0.488269, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.39991, "energy": 11.285167, "activity_lines": [ 26.96708, 26.864693, 27.320709, 27.493226 ] }, { "date": "2026-07-31", "close": 27.66, "volume": 83471, "typical_volume": 212052.3, "trend": 27.568809, "fair_value": 21.192234, "relative_strength": 0.08843, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.40868, "energy": 18.783801, "activity_lines": [ 27.234353, 27.00691, 27.330791, 27.506346 ] }, { "date": "2026-08-07", "close": 27.315, "volume": 105698, "typical_volume": 209169.05, "trend": 27.641809, "fair_value": 21.243462, "relative_strength": -4.634066, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.509508, "energy": 17.88782, "activity_lines": [ 27.31196, 27.081662, 27.301786, 27.489971 ] } ], "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." } } }