{ "ticker": { "uuid": "2eda9eaf-afcd-4965-9e15-35ab9fcea21e", "symbol": "EMLP", "name": "FIRST TR EXCHANGE TRADED FD IV NORTH AMERN ENERGY INFRASTR", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 49.623, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 48.154, "architecture_energy": 30.099, "architecture_maturity": 8.156, "architecture_confidence": 71.589, "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": 36.78, "rotation_up": 52.13, "upward_expansion": 75.62, "deceleration": 57.94, "rotation_down": 20.3, "downward_expansion": 4.62 }, "activity_lines": [ 43.981333, 43.873166, 43.665879, 43.507683 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 43.43, "trend_reference": 42.973141, "distance_from_trend": 0.010631, "trend_direction": "Improving", "fair_value": 33.987488, "distance_from_fair_value": 0.277823, "fair_value_direction": "Weakening", "relative_strength": -4.694316, "relative_strength_direction": "Weakening", "price_momentum": 0.072527, "excess_performance": -0.053098, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010631, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047695, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.277823, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.041974, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046943, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.025481, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.072527, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.723849, "read": "Demand-led" } ], "volume": { "latest": 1665766, "relative_activity": 1.288105, "balance": 1.723849, "dry_up": 1.06706, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.025984, "annualized_volatility": 0.140518, "from_high_reference": -0.039797, "from_low_reference": 0.195492 }, "levels": { "trend_reference": 42.973141, "fair_value_reference": 33.987488, "structural_low": 40.314392, 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"close": 43.97, "volume": 1585645, "typical_volume": 1294953.2, "trend": 42.781885, "fair_value": 33.870508, "relative_strength": -0.211384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.466641, "energy": 45.504013, "activity_lines": [ 44.204, 43.906564, 43.679844, 43.465869 ] }, { "date": "2026-08-07", "close": 43.43, "volume": 1665766, "typical_volume": 1293191.35, "trend": 42.973141, "fair_value": 33.987488, "relative_strength": -4.694316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.153718, "energy": 30.099292, "activity_lines": [ 43.981333, 43.873166, 43.665879, 43.507683 ] } ], "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." } } }