{ "ticker": { "uuid": "1ad6163f-310c-42b7-9fed-5b0bf048b69d", "symbol": "RND", "name": "FIRST TRUST BLOOMBERG R&D LEADERS ETF", "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": 78.79, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 82.321, "architecture_energy": 52.583, "architecture_maturity": 22.455, "architecture_confidence": 82.437, "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": 33.47, "rotation_up": 58.07, "upward_expansion": 80.03, "deceleration": 58.39, "rotation_down": 22.44, "downward_expansion": 6.7 }, "activity_lines": [ 32.202207, 31.900007, 31.616456, 30.998065 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 33.5181, "trend_reference": 30.360383, "distance_from_trend": 0.104008, "trend_direction": "Improving", "fair_value": 26.56582, "distance_from_fair_value": 0.2617, "fair_value_direction": "Improving", "relative_strength": -0.631142, "relative_strength_direction": "Improving", "price_momentum": 0.146008, "excess_performance": 0.020383, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.104008, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015547, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.2617, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.044143, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006311, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.016392, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.146008, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.292348, "read": "Demand-led" } ], "volume": { "latest": 21894, "relative_activity": 1.705672, "balance": 2.292348, "dry_up": 1.466793, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029261, "annualized_volatility": 0.192123, "from_high_reference": -0.000355, "from_low_reference": 0.27688 }, "levels": { "trend_reference": 30.360383, "fair_value_reference": 26.56582, "structural_low": 26.25, 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"gate": "up", "direction": 56.501862, "energy": 41.141862, "activity_lines": [ 31.688267, 31.64154, 31.168169, 30.636955 ] }, { "date": "2026-07-24", "close": 30.8879, "volume": 17627, "typical_volume": 12931.85, "trend": 30.214033, "fair_value": 26.460968, "relative_strength": -4.277683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.656268, "energy": 33.220038, "activity_lines": [ 31.440887, 31.500195, 31.215105, 30.680734 ] }, { "date": "2026-07-31", "close": 31.8812, "volume": 3190, "typical_volume": 12658.8, "trend": 30.266647, "fair_value": 26.506902, "relative_strength": -2.203052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.693865, "energy": 37.602984, "activity_lines": [ 31.58208, 31.551969, 31.346547, 30.788293 ] }, { "date": "2026-08-07", "close": 33.5181, "volume": 21894, "typical_volume": 12836.0, "trend": 30.360383, "fair_value": 26.56582, "relative_strength": -0.631142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.320728, "energy": 52.582913, "activity_lines": [ 32.202207, 31.900007, 31.616456, 30.998065 ] } ], "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." } } }