{ "ticker": { "uuid": "dfae5182-81fc-4c14-b923-923ab3a63307", "symbol": "JGRO", "name": "JP MORGAN ETF TRUST ACTIVE GROWTH 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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 85.102, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 20.801, "architecture_energy": 17.01, "architecture_maturity": 51.289, "architecture_confidence": 77.707, "architecture_tenure": "Developing", "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": 49.2, "rotation_up": 26.03, "upward_expansion": 49.44, "deceleration": 81.32, "rotation_down": 37.72, "downward_expansion": 29.77 }, "activity_lines": [ 93.648667, 94.176909, 94.670524, 93.376108 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 95.96, "trend_reference": 92.011, "distance_from_trend": 0.042919, "trend_direction": "Improving", "fair_value": 78.745747, "distance_from_fair_value": 0.218605, "fair_value_direction": "Weakening", "relative_strength": -7.26189, "relative_strength_direction": "Weakening", "price_momentum": 0.07146, "excess_performance": -0.054164, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042919, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006056, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.218605, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.061028, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.072619, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.031245, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.07146, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.335659, "read": "Demand-led" } ], "volume": { "latest": 3131838, "relative_activity": 1.069436, "balance": 1.335659, "dry_up": 1.166575, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.0415, "annualized_volatility": 0.181794, "from_high_reference": -0.037802, "from_low_reference": 0.182356 }, "levels": { "trend_reference": 92.011, "fair_value_reference": 78.745747, "structural_low": 81.16, "invalidation": "A decisive 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91.900829, "fair_value": 77.281557, "relative_strength": -4.797955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.953222, "energy": 28.712583, "activity_lines": [ 95.71, 96.108909, 93.716381, 92.583588 ] }, { "date": "2026-07-03", "close": 94.91, "volume": 1570976, "typical_volume": 2790049.65, "trend": 91.913459, "fair_value": 77.53857, "relative_strength": -5.801592, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.436315, "energy": 24.821214, "activity_lines": [ 95.283333, 95.921455, 94.034714, 92.777729 ] }, { "date": "2026-07-10", "close": 96.83, "volume": 1942139, "typical_volume": 2751779.8, "trend": 92.046667, "fair_value": 77.795317, "relative_strength": -5.045002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.148744, "energy": 29.393456, "activity_lines": [ 95.756667, 96.059818, 94.502476, 93.094925 ] }, { "date": "2026-07-17", "close": 92.66, "volume": 2172558, "typical_volume": 2722438.05, "trend": 92.034667, "fair_value": 78.028334, "relative_strength": -7.505116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.810334, "energy": 19.021979, "activity_lines": [ 94.734, 95.389818, 94.53819, 93.134495 ] }, { "date": "2026-07-24", "close": 92.02, "volume": 4709921, "typical_volume": 2831964.65, "trend": 91.957333, "fair_value": 78.250928, "relative_strength": -7.405107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.048845, "energy": 15.183467, "activity_lines": [ 93.673333, 94.671818, 94.493905, 93.133548 ] }, { "date": "2026-07-31", "close": 91.68, "volume": 3650921, "typical_volume": 2900171.85, "trend": 91.923, "fair_value": 78.482003, "relative_strength": -8.512304, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.507244, "energy": 11.884984, "activity_lines": [ 92.868667, 93.985091, 94.392476, 93.115656 ] }, { "date": "2026-08-07", "close": 95.96, "volume": 3131838, "typical_volume": 2928495.0, "trend": 92.011, "fair_value": 78.745747, "relative_strength": -7.26189, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.801162, "energy": 17.009882, "activity_lines": [ 93.648667, 94.176909, 94.670524, 93.376108 ] } ], "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." } } }