{ "ticker": { "uuid": "1f2eae9f-6684-4ffb-8cf3-cb7b911822fb", "symbol": "FMCX", "name": "FM FOCUS EQUITY 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.147, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 59.134, "architecture_energy": 27.687, "architecture_maturity": 52.689, "architecture_confidence": 74.811, "architecture_tenure": "New", "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": 28.29, "rotation_up": 35.6, "upward_expansion": 60.04, "deceleration": 84.87, "rotation_down": 29.46, "downward_expansion": 21.37 }, "activity_lines": [ 36.393953, 36.42671, 36.302218, 35.733867 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 37.4979, "trend_reference": 35.146519, "distance_from_trend": 0.066902, "trend_direction": "Improving", "fair_value": 30.686273, "distance_from_fair_value": 0.221976, "fair_value_direction": "Weakening", "relative_strength": -4.221076, "relative_strength_direction": "Weakening", "price_momentum": 0.107783, "excess_performance": -0.017842, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.066902, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018094, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.221976, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.024863, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.042211, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.011249, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.107783, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.415153, "read": "Supply-led" } ], "volume": { "latest": 108, "relative_activity": 0.028593, "balance": 0.415153, "dry_up": 0.165204, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.024962, "annualized_volatility": 0.151243, "from_high_reference": -0.001629, "from_low_reference": 0.198399 }, "levels": { "trend_reference": 35.146519, "fair_value_reference": 30.686273, "structural_low": 31.29, "invalidation": 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35.828826, 35.332341 ] }, { "date": "2026-07-10", "close": 36.5958, "volume": 382, "typical_volume": 5990.25, "trend": 34.970852, "fair_value": 30.387838, "relative_strength": -5.065527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.196566, "energy": 47.853714, "activity_lines": [ 36.759783, 36.645447, 35.979069, 35.441168 ] }, { "date": "2026-07-17", "close": 35.8575, "volume": 140, "typical_volume": 5750.5, "trend": 35.020326, "fair_value": 30.458431, "relative_strength": -5.325964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.820318, "energy": 34.447698, "activity_lines": [ 36.476907, 36.509863, 36.046631, 35.498371 ] }, { "date": "2026-07-24", "close": 35.0486, "volume": 1667, "typical_volume": 3872.85, "trend": 35.030019, "fair_value": 30.524334, "relative_strength": -6.692278, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.998418, "energy": 16.986791, "activity_lines": [ 35.946687, 36.24731, 36.027389, 35.500195 ] }, { "date": "2026-07-31", "close": 36.2408, "volume": 581, "typical_volume": 3835.85, "trend": 35.086772, "fair_value": 30.60177, "relative_strength": -4.357812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.784471, "energy": 22.815724, "activity_lines": [ 35.94972, 36.218919, 36.113438, 35.57831 ] }, { "date": "2026-08-07", "close": 37.4979, "volume": 108, "typical_volume": 3777.15, "trend": 35.146519, "fair_value": 30.686273, "relative_strength": -4.221076, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.134179, "energy": 27.687027, "activity_lines": [ 36.393953, 36.42671, 36.302218, 35.733867 ] } ], "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." } } }