{ "ticker": { "uuid": "11566264-df75-4fbc-90fb-ad0afedf5391", "symbol": "FDRR", "name": "FIDELITY COVINGTON TRUST DIVIDEND ETF FOR RISING RATES", "exchange": "NYSEARCA", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.774, "architecture_energy": 92.016, "architecture_maturity": 38.489, "architecture_confidence": 79.58, "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": 9.38, "rotation_up": 81.73, "upward_expansion": 99.23, "deceleration": 39.38, "rotation_down": 13.52, "downward_expansion": 21.23 }, "activity_lines": [ 68.146193, 67.137256, 65.965199, 64.624703 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 69.8644, "trend_reference": 63.161773, "distance_from_trend": 0.106118, "trend_direction": "Improving", "fair_value": 50.916637, "distance_from_fair_value": 0.372133, "fair_value_direction": "Improving", "relative_strength": 2.095198, "relative_strength_direction": "Improving", "price_momentum": 0.121596, "excess_performance": -0.004029, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.106118, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036996, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.372133, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057536, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020952, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.033761, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.121596, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.11087, "read": "Demand-led" } ], "volume": { "latest": 86421, "relative_activity": 1.019651, "balance": 2.11087, "dry_up": 0.944074, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.022474, "annualized_volatility": 0.126786, "from_high_reference": -0.004071, "from_low_reference": 0.276561 }, "levels": { "trend_reference": 63.161773, "fair_value_reference": 50.916637, "structural_low": 56.82306, "invalidation": 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"direction": 68.730397, "energy": 56.217989, "activity_lines": [ 66.129167, 65.835563, 64.581299, 63.533043 ] }, { "date": "2026-07-24", "close": 67.1667, "volume": 77252, "typical_volume": 83693.95, "trend": 62.627459, "fair_value": 50.532665, "relative_strength": 2.87502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.906239, "energy": 75.987469, "activity_lines": [ 66.592807, 66.119233, 64.97436, 63.839637 ] }, { "date": "2026-07-31", "close": 67.8, "volume": 73750, "typical_volume": 83090.2, "trend": 62.868413, "fair_value": 50.717928, "relative_strength": 2.630895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.390195, "energy": 83.228649, "activity_lines": [ 67.1411, 66.463571, 65.392943, 64.173349 ] }, { "date": "2026-08-07", "close": 69.8644, "volume": 86421, "typical_volume": 84755.5, "trend": 63.161773, "fair_value": 50.916637, "relative_strength": 2.095198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.773633, "energy": 92.016206, "activity_lines": [ 68.146193, 67.137256, 65.965199, 64.624703 ] } ], "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." } } }