{ "ticker": { "uuid": "24d9ef20-8b5a-4441-acf9-9a9935c71d52", "symbol": "FTLS", "name": "FIRST TR EXCHANGE-TRADED FD III FIRST TR LONG/SHORT EQUITY", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.958, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 75.434, "architecture_energy": 64.107, "architecture_maturity": 11.579, "architecture_confidence": 70.039, "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": 14.22, "rotation_up": 71.89, "upward_expansion": 89.45, "deceleration": 44.7, "rotation_down": 15.98, "downward_expansion": 11.45 }, "activity_lines": [ 75.246, 74.754669, 74.272119, 73.521205 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 75.9, "trend_reference": 72.649486, "distance_from_trend": 0.044742, "trend_direction": "Improving", "fair_value": 64.073899, "distance_from_fair_value": 0.18457, "fair_value_direction": "Weakening", "relative_strength": -5.209378, "relative_strength_direction": "Weakening", "price_momentum": 0.06243, "excess_performance": -0.063195, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044742, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016294, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.18457, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00782, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052094, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004468, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.06243, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.37961, "read": "Demand-led" } ], "volume": { "latest": 871114, "relative_activity": 1.564034, "balance": 1.37961, "dry_up": 1.066059, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.017213, "annualized_volatility": 0.066338, "from_high_reference": -0.020898, "from_low_reference": 0.145282 }, "levels": { "trend_reference": 72.649486, "fair_value_reference": 64.073899, "structural_low": 69.148311, 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73.405424, 72.787076 ] }, { "date": "2026-07-17", "close": 74.7, "volume": 401586, "typical_volume": 533054.25, "trend": 72.253996, "fair_value": 63.624373, "relative_strength": -3.266479, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.923025, "energy": 44.074322, "activity_lines": [ 74.298031, 74.137507, 73.609241, 72.952849 ] }, { "date": "2026-07-24", "close": 75.04, "volume": 464710, "typical_volume": 534411.85, "trend": 72.365836, "fair_value": 63.771448, "relative_strength": -2.183308, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.381795, "energy": 57.928325, "activity_lines": [ 74.6, 74.309577, 73.828725, 73.132591 ] }, { "date": "2026-07-31", "close": 74.99, "volume": 637624, "typical_volume": 542447.8, "trend": 72.500654, "fair_value": 63.919232, "relative_strength": -3.191553, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.764669, "energy": 54.3403, "activity_lines": [ 74.835333, 74.454395, 74.020287, 73.301892 ] }, { "date": "2026-08-07", "close": 75.9, "volume": 871114, "typical_volume": 556966.15, "trend": 72.649486, "fair_value": 64.073899, "relative_strength": -5.209378, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.434051, "energy": 64.106845, "activity_lines": [ 75.246, 74.754669, 74.272119, 73.521205 ] } ], "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." } } }