{ "ticker": { "uuid": "08c99deb-3a50-4590-b7ca-ae261bcab6e0", "symbol": "XMAY", "name": "FT VEST U.S. EQUITY ENHANCE & MODERATE BUFFER ETF - MAY", "exchange": "CBOE", "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": 56.978, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.953, "architecture_energy": 65.266, "architecture_maturity": 40.52, "architecture_confidence": 64.683, "architecture_tenure": "Established", "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": 15.13, "rotation_up": 72.02, "upward_expansion": 85.17, "deceleration": 59.25, "rotation_down": 17.38, "downward_expansion": 9.5 }, "activity_lines": [ 36.355887, 36.213682, 36.043006, 35.830583 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 36.7053, "trend_reference": 35.56486, "distance_from_trend": 0.032066, "trend_direction": "Improving", "fair_value": 33.083512, "distance_from_fair_value": 0.109474, "fair_value_direction": "Improving", "relative_strength": -6.729677, "relative_strength_direction": "Improving", "price_momentum": 0.045944, "excess_performance": -0.079681, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032066, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013771, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.109474, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016149, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067297, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007042, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.045944, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.217753, "read": "Demand-led" } ], "volume": { "latest": 1627, "relative_activity": 0.109044, "balance": 3.217753, "dry_up": 0.248717, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.008216, "annualized_volatility": 0.040958, "from_high_reference": 0.0, "from_low_reference": 0.089501 }, "levels": { "trend_reference": 35.56486, "fair_value_reference": 33.083512, "structural_low": 34.5976, 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"trend": 35.56486, "fair_value": 33.083512, "relative_strength": -6.729677, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.95309, "energy": 65.265689, "activity_lines": [ 36.355887, 36.213682, 36.043006, 35.830583 ] } ], "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." } } }