{ "ticker": { "uuid": "06f9faec-c390-4607-9098-76effe6b7e0e", "symbol": "FMET", "name": "Fidelity Metaverse 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.647, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 66.983, "architecture_energy": 36.609, "architecture_maturity": 28.787, "architecture_confidence": 53.703, "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": 32.43, "rotation_up": 46.06, "upward_expansion": 70.36, "deceleration": 62.74, "rotation_down": 23.4, "downward_expansion": 8.36 }, "activity_lines": [ 37.535747, 37.231981, 37.149675, 36.312123 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 38.8946, "trend_reference": 35.487911, "distance_from_trend": 0.095996, "trend_direction": "Improving", "fair_value": 31.084315, "distance_from_fair_value": 0.251261, "fair_value_direction": "Weakening", "relative_strength": -5.259328, "relative_strength_direction": "Improving", "price_momentum": 0.14513, "excess_performance": -0.042324, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095996, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010434, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.251261, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.02428, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052593, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029648, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.14513, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.970351, "read": "Supply-led" } ], "volume": { "latest": 23062, "relative_activity": 1.225057, "balance": 0.970351, "dry_up": 0.857811, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.04447, "annualized_volatility": 0.241938, "from_high_reference": -0.031929, "from_low_reference": 0.29278 }, "levels": { "trend_reference": 35.487911, "fair_value_reference": 31.084315, "structural_low": 30.086006, "invalidation": "A 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"relative_strength": -7.894542, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.048626, "energy": 20.069269, "activity_lines": [ 36.927447, 37.152098, 36.665006, 35.91163 ] }, { "date": "2026-07-24", "close": 36.4151, "volume": 13035, "typical_volume": 18676.3, "trend": 35.376132, "fair_value": 30.919393, "relative_strength": -6.777667, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.620478, "energy": 19.655311, "activity_lines": [ 36.762607, 36.970905, 36.748474, 35.978972 ] }, { "date": "2026-07-31", "close": 37.0452, "volume": 15670, "typical_volume": 18452.0, "trend": 35.39984, "fair_value": 30.991805, "relative_strength": -5.406953, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.707796, "energy": 21.403831, "activity_lines": [ 36.887573, 36.921407, 36.872851, 36.086654 ] }, { "date": "2026-08-07", "close": 38.8946, "volume": 23062, "typical_volume": 18825.25, "trend": 35.487911, "fair_value": 31.084315, "relative_strength": -5.259328, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.982997, "energy": 36.608931, "activity_lines": [ 37.535747, 37.231981, 37.149675, 36.312123 ] } ], "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." } } }