{ "ticker": { "uuid": "2563febf-34b1-4b5b-bc78-a7c50c410534", "symbol": "FTXO", "name": "FIRST TRUST NASDAQ BANK ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 73.149, "architecture_energy": 65.682, "architecture_maturity": 24.036, "architecture_confidence": 78.984, "architecture_tenure": "Developing", "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": 3.12, "rotation_up": 71.43, "upward_expansion": 89.76, "deceleration": 49.0, "rotation_down": 18.16, "downward_expansion": 11.76 }, "activity_lines": [ 42.557053, 42.11677, 40.763154, 39.832406 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 42.91, "trend_reference": 38.993272, "distance_from_trend": 0.100446, "trend_direction": "Improving", "fair_value": 30.568671, "distance_from_fair_value": 0.403725, "fair_value_direction": "Improving", "relative_strength": 0.069408, "relative_strength_direction": "Improving", "price_momentum": 0.037362, "excess_performance": -0.150092, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.100446, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0432, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.403725, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.087611, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000694, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.107645, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.037362, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.391265, "read": "Demand-led" } ], "volume": { "latest": 325349, "relative_activity": 0.171814, "balance": 3.391265, "dry_up": 0.20105, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.033114, "annualized_volatility": 0.218684, "from_high_reference": -0.018302, "from_low_reference": 0.318187 }, "levels": { "trend_reference": 38.993272, "fair_value_reference": 30.568671, "structural_low": 34.179728, "invalidation": "A 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3.268977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.64257, "energy": 86.361125, "activity_lines": [ 41.982845, 41.053584, 39.708527, 39.092051 ] }, { "date": "2026-07-24", "close": 42.3597, "volume": 321578, "typical_volume": 2064589.85, "trend": 38.725742, "fair_value": 30.301438, "relative_strength": 4.556443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.351352, "energy": 82.833611, "activity_lines": [ 42.222687, 41.466708, 40.07419, 39.334413 ] }, { "date": "2026-07-31", "close": 42.4, "volume": 447326, "typical_volume": 1940516.55, "trend": 38.865361, "fair_value": 30.432381, "relative_strength": 3.988987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.647315, "energy": 74.189202, "activity_lines": [ 42.331173, 41.785596, 40.413293, 39.571462 ] }, { "date": "2026-08-07", "close": 42.91, "volume": 325349, "typical_volume": 1893612.95, "trend": 38.993272, "fair_value": 30.568671, "relative_strength": 0.069408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.148747, "energy": 65.682076, "activity_lines": [ 42.557053, 42.11677, 40.763154, 39.832406 ] } ], "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." } } }