{ "ticker": { "uuid": "29d6996f-7226-4d96-956d-bf4c7db8833a", "symbol": "LALT", "name": "FIRST TR EXCHANGE TRADED FD VIII MULTI STRATEGY ALTERNATIVE 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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 77.478, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 21.071, "architecture_energy": 11.557, "architecture_maturity": 31.545, "architecture_confidence": 57.745, "architecture_tenure": "Developing", "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": 63.08, "rotation_up": 31.38, "upward_expansion": 50.91, "deceleration": 72.19, "rotation_down": 17.14, "downward_expansion": 19.24 }, "activity_lines": [ 24.164667, 24.125447, 24.268509, 24.254288 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 24.16, "trend_reference": 24.099736, "distance_from_trend": 0.002501, "trend_direction": "Improving", "fair_value": 20.781237, "distance_from_fair_value": 0.162587, "fair_value_direction": "Weakening", "relative_strength": -7.199683, "relative_strength_direction": "Weakening", "price_momentum": 0.038497, "excess_performance": -0.087128, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002501, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025811, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.162587, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.051136, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071997, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.055704, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.038497, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.933962, "read": "Demand-led" } ], "volume": { "latest": 1162949, "relative_activity": 1.682096, "balance": 1.933962, "dry_up": 0.833784, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.016908, "annualized_volatility": 0.057562, "from_high_reference": -0.031596, "from_low_reference": 0.153644 }, "levels": { "trend_reference": 24.099736, "fair_value_reference": 20.781237, "structural_low": 23.132179, 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"gate": "up", "direction": 1.726838, "energy": 22.104171, "activity_lines": [ 24.019879, 24.201216, 24.33962, 24.199976 ] }, { "date": "2026-07-17", "close": 24.09, "volume": 371762, "typical_volume": 609280.9, "trend": 23.929307, "fair_value": 20.672499, "relative_strength": -3.939408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.14553, "energy": 19.702713, "activity_lines": [ 24.024726, 24.153701, 24.314785, 24.214257 ] }, { "date": "2026-07-24", "close": 24.26, "volume": 444076, "typical_volume": 629082.0, "trend": 23.989749, "fair_value": 20.708603, "relative_strength": -2.676316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.922702, "energy": 13.147411, "activity_lines": [ 24.101333, 24.146809, 24.304713, 24.235592 ] }, { "date": "2026-07-31", "close": 24.17, "volume": 327023, "typical_volume": 638061.2, "trend": 24.050459, "fair_value": 20.744885, "relative_strength": -4.014634, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.91346, "energy": 11.263329, "activity_lines": [ 24.143333, 24.132092, 24.286601, 24.247221 ] }, { "date": "2026-08-07", "close": 24.16, "volume": 1162949, "typical_volume": 691369.05, "trend": 24.099736, "fair_value": 20.781237, "relative_strength": -7.199683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.07103, "energy": 11.556829, "activity_lines": [ 24.164667, 24.125447, 24.268509, 24.254288 ] } ], "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." } } }