{ "ticker": { "uuid": "ff8d9814-348b-4cf9-bf1d-1ff357d0080a", "symbol": "BBAX", "name": "JPMORGAN BETABUILDERS DEVELOPED ASIA PACIFIC EX-JAPAN ETF", "exchange": "CBOE", "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": 92.467, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 83.225, "architecture_energy": 81.793, "architecture_maturity": 7.733, "architecture_confidence": 67.345, "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": 13.01, "rotation_up": 81.77, "upward_expansion": 92.67, "deceleration": 41.86, "rotation_down": 11.02, "downward_expansion": 19.33 }, "activity_lines": [ 63.663333, 62.403537, 61.703118, 61.40678 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 65.39, "trend_reference": 61.016995, "distance_from_trend": 0.071669, "trend_direction": "Improving", "fair_value": 50.356984, "distance_from_fair_value": 0.298529, "fair_value_direction": "Improving", "relative_strength": -0.505488, "relative_strength_direction": "Improving", "price_momentum": 0.074113, "excess_performance": -0.051512, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071669, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034222, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298529, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028134, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005055, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015467, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.074113, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.650778, "read": "Demand-led" } ], "volume": { "latest": 855908, "relative_activity": 0.732614, "balance": 2.650778, "dry_up": 0.929573, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.026517, "annualized_volatility": 0.168598, "from_high_reference": -0.001027, "from_low_reference": 0.236319 }, "levels": { "trend_reference": 61.016995, "fair_value_reference": 50.356984, "structural_low": 57.82, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.004524, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.006787, "regime_survival": 0.636364, "best_return": 0.06279, "worst_return": -0.087866, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.026499, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.024026, "regime_survival": 0.222222, "best_return": 0.059708, "worst_return": -0.128987, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.039997, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.075613, "regime_survival": 0.166667, "best_return": 0.070904, "worst_return": -0.209837, "sufficient": true }, { 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12.586873, "activity_lines": [ 60.571595, 60.496556, 60.688204, 60.624102 ] }, { "date": "2026-07-17", "close": 62.14, "volume": 1194533, "typical_volume": 1293508.35, "trend": 60.30389, "fair_value": 49.961036, "relative_strength": -1.715141, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.25179, "energy": 21.055778, "activity_lines": [ 61.109895, 60.767634, 60.824352, 60.75681 ] }, { "date": "2026-07-24", "close": 62.53, "volume": 878875, "typical_volume": 1221767.8, "trend": 60.491856, "fair_value": 50.077671, "relative_strength": -0.49129, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.628082, "energy": 43.841854, "activity_lines": [ 61.686667, 61.107726, 61.004718, 60.900431 ] }, { "date": "2026-07-31", "close": 63.68, "volume": 1414739, "typical_volume": 1198231.7, "trend": 60.729728, "fair_value": 50.209779, "relative_strength": 0.258544, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.992433, "energy": 65.688055, "activity_lines": [ 62.519333, 61.625756, 61.283199, 61.106117 ] }, { "date": "2026-08-07", "close": 65.39, "volume": 855908, "typical_volume": 1168293.25, "trend": 61.016995, "fair_value": 50.356984, "relative_strength": -0.505488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.224642, "energy": 81.792638, "activity_lines": [ 63.663333, 62.403537, 61.703118, 61.40678 ] } ], "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." } } }