{ "ticker": { "uuid": "f7c14c56-dc58-49d3-a259-fec11e81db84", "symbol": "JFR", "name": "Nuveen Floating Rate Income Fund", "exchange": "NYSE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 53.954, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.342, "architecture_energy": 82.874, "architecture_maturity": 23.752, "architecture_confidence": 78.191, "architecture_tenure": "Developing", "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": 5.41, "rotation_up": 71.97, "upward_expansion": 94.5, "deceleration": 43.51, "rotation_down": 17.29, "downward_expansion": 18.84 }, "activity_lines": [ 7.714819, 7.668607, 7.579598, 7.49917 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 7.78, "trend_reference": 7.431458, "distance_from_trend": 0.046901, "trend_direction": "Improving", "fair_value": 6.986835, "distance_from_fair_value": 0.113523, "fair_value_direction": "Improving", "relative_strength": -6.429933, "relative_strength_direction": "Improving", "price_momentum": 0.056629, "excess_performance": -0.068996, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046901, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014236, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.113523, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0307, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.064299, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045958, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.056629, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.65695, "read": "Demand-led" } ], "volume": { "latest": 2222721, "relative_activity": 0.711926, "balance": 2.65695, "dry_up": 0.767634, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.013506, "annualized_volatility": 0.09746, "from_high_reference": 0.0, "from_low_reference": 0.120758 }, "levels": { "trend_reference": 7.431458, "fair_value_reference": 6.986835, "structural_low": 6.94173, "invalidation": "A 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7.382563, "fair_value": 6.933404, "relative_strength": -6.978784, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.706606, "energy": 77.658852, "activity_lines": [ 7.608215, 7.566701, 7.464983, 7.420076 ] }, { "date": "2026-07-17", "close": 7.69, "volume": 2560656, "typical_volume": 3654542.5, "trend": 7.396394, "fair_value": 6.947234, "relative_strength": -4.749957, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.841551, "energy": 83.019013, "activity_lines": [ 7.643736, 7.596582, 7.495394, 7.43991 ] }, { "date": "2026-07-24", "close": 7.65, "volume": 2121821, "typical_volume": 3488407.1, "trend": 7.406388, "fair_value": 6.960403, "relative_strength": -4.40266, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.975115, "energy": 80.228674, "activity_lines": [ 7.65366, 7.61349, 7.520002, 7.456272 ] }, { "date": "2026-07-31", "close": 7.71, "volume": 2681394, "typical_volume": 3345602.95, "trend": 7.418695, "fair_value": 6.973462, "relative_strength": -4.359435, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.628147, "energy": 81.393681, "activity_lines": [ 7.677136, 7.636476, 7.547973, 7.47586 ] }, { "date": "2026-08-07", "close": 7.78, "volume": 2222721, "typical_volume": 3122122.45, "trend": 7.431458, "fair_value": 6.986835, "relative_strength": -6.429933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.341697, "energy": 82.87432, "activity_lines": [ 7.714819, 7.668607, 7.579598, 7.49917 ] } ], "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." } } }