{ "ticker": { "uuid": "2dca6acd-0156-43b5-ab67-d519371f55a9", "symbol": "FCIV", "name": "Fidelity International Value ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.946, "architecture_energy": 88.2, "architecture_maturity": 38.237, "architecture_confidence": 74.889, "architecture_tenure": "Established", "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": 5.76, "rotation_up": 78.92, "upward_expansion": 96.33, "deceleration": 42.58, "rotation_down": 11.82, "downward_expansion": 20.66 }, "activity_lines": [ 54.562667, 53.907501, 52.765904, 52.083935 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 55.310001, "trend_reference": 51.3095, "distance_from_trend": 0.077968, "trend_direction": "Improving", "fair_value": 39.556849, "distance_from_fair_value": 0.398241, "fair_value_direction": "Improving", "relative_strength": 0.828379, "relative_strength_direction": "Improving", "price_momentum": 0.082811, "excess_performance": -0.03761, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077968, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04348, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.398241, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051671, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008284, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.023533, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.082811, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.04224, "read": "Demand-led" } ], "volume": { "latest": 135800, "relative_activity": 0.864308, "balance": 1.04224, "dry_up": 0.774726, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.020461, "annualized_volatility": 0.15667, "from_high_reference": -0.008959, "from_low_reference": 0.302215 }, "levels": { "trend_reference": 51.3095, "fair_value_reference": 39.556849, "structural_low": 47.75, 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"modifier": "Re-accelerating", "gate": "up", "direction": 65.089472, "energy": 75.680971, "activity_lines": [ 53.276638, 52.631891, 51.778309, 51.319896 ] }, { "date": "2026-07-24", "close": 53.84, "volume": 96500, "typical_volume": 167295.0, "trend": 50.7815, "fair_value": 39.239577, "relative_strength": 0.997761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.532456, "energy": 80.703794, "activity_lines": [ 53.525333, 52.956502, 52.04638, 51.53015 ] }, { "date": "2026-07-31", "close": 55.119999, "volume": 110300, "typical_volume": 160605.0, "trend": 51.064833, "fair_value": 39.398611, "relative_strength": 3.753556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.892365, "energy": 82.930814, "activity_lines": [ 54.108, 53.45182, 52.412404, 51.810053 ] }, { "date": "2026-08-07", "close": 55.310001, "volume": 135800, "typical_volume": 157120.0, "trend": 51.3095, "fair_value": 39.556849, "relative_strength": 0.828379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.94638, "energy": 88.199723, "activity_lines": [ 54.562667, 53.907501, 52.765904, 52.083935 ] } ], "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." } } }