{ "ticker": { "uuid": "fadf15e4-e99c-467d-ad57-6652f9f94591", "symbol": "JDOC", "name": "JPMORGAN HEALTHCARE LEADERS ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 72.745, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 73.424, "architecture_energy": 59.323, "architecture_maturity": 11.988, "architecture_confidence": 71.82, "architecture_tenure": "New", "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": 21.06, "rotation_up": 65.62, "upward_expansion": 82.55, "deceleration": 57.12, "rotation_down": 17.28, "downward_expansion": 9.21 }, "activity_lines": [ 61.038307, 60.548978, 58.945938, 58.200528 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 61.7463, "trend_reference": 57.75916, "distance_from_trend": 0.06903, "trend_direction": "Improving", "fair_value": 54.03181, "distance_from_fair_value": 0.142777, "fair_value_direction": "Improving", "relative_strength": -4.343496, "relative_strength_direction": "Improving", "price_momentum": 0.048255, "excess_performance": -0.139199, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06903, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013033, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.142777, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.11617, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.043435, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110949, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048255, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.698512, "read": "Demand-led" } ], "volume": { "latest": 4615, "relative_activity": 1.095601, "balance": 2.698512, "dry_up": 0.565309, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.027205, "annualized_volatility": 0.165707, "from_high_reference": -0.008092, "from_low_reference": 0.277268 }, "levels": { "trend_reference": 57.75916, "fair_value_reference": 54.03181, "structural_low": 53.87, 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"date": "2026-07-17", "close": 60.613, "volume": 969, "typical_volume": 4018.5, "trend": 57.501727, "fair_value": 53.883336, "relative_strength": -2.36587, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.73065, "energy": 83.773486, "activity_lines": [ 60.580193, 59.320302, 57.809173, 57.528437 ] }, { "date": "2026-07-24", "close": 60.7953, "volume": 1424, "typical_volume": 3987.0, "trend": 57.58395, "fair_value": 53.931671, "relative_strength": -0.464975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.73411, "energy": 83.070723, "activity_lines": [ 60.850133, 59.771395, 58.184529, 57.740926 ] }, { "date": "2026-07-31", "close": 60.6371, "volume": 2517, "typical_volume": 4056.35, "trend": 57.67562, "fair_value": 53.978237, "relative_strength": -1.259483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.079106, "energy": 70.588537, "activity_lines": [ 60.76378, 60.095415, 58.524666, 57.937903 ] }, { "date": "2026-08-07", "close": 61.7463, "volume": 4615, "typical_volume": 4212.3, "trend": 57.75916, "fair_value": 54.03181, "relative_strength": -4.343496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.424074, "energy": 59.322924, "activity_lines": [ 61.038307, 60.548978, 58.945938, 58.200528 ] } ], "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." } } }