{ "ticker": { "uuid": "2d5eb25f-0e38-4c3d-baa2-fa8c45fc4385", "symbol": "JANM", "name": "FT VEST U.S. EQUITY MAX BUFFER ETF - JANUARY", "exchange": "CBOE", "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": 69.488, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 89.003, "architecture_energy": 81.834, "architecture_maturity": 9.515, "architecture_confidence": 74.887, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"Price vs current Fair Value", "positive": true, "value": 0.05498, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007268, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078963, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001435, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.032624, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.35978, "read": "Demand-led" } ], "volume": { "latest": 2717, "relative_activity": 0.280685, "balance": 2.35978, "dry_up": 0.927902, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.004443, "annualized_volatility": 0.027425, "from_high_reference": 0.0, "from_low_reference": 0.069084 }, "levels": { "trend_reference": 33.445567, "fair_value_reference": 32.417686, "structural_low": 32.55, "invalidation": "A 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"modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 33.91, "volume": 2196, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-31", "close": 34.0356, "volume": 3766, "typical_volume": 9971.8, "trend": 33.40756, "fair_value": 32.395407, "relative_strength": -5.372058, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.523666, "energy": 80.017945, "activity_lines": [ 33.960273, 33.898956, 33.774236, 33.603838 ] }, { "date": "2026-08-07", "close": 34.2, "volume": 2717, "typical_volume": 9679.9, "trend": 33.445567, "fair_value": 32.417686, "relative_strength": -7.896284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.00286, "energy": 81.833756, "activity_lines": [ 34.046493, 33.960925, 33.833464, 33.654963 ] } ], "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." } } }