{ "ticker": { "uuid": "2f82314c-1f29-47dd-a87a-8b7bc0b962c8", "symbol": "FDV", "name": "FEDERATED HERMES ETF TRUST US STRATEGIC DIVIDEND 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": 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": 73.43, "architecture_energy": 75.157, "architecture_maturity": 36.622, "architecture_confidence": 72.24, "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": 4.15, "rotation_up": 79.18, "upward_expansion": 94.03, "deceleration": 39.94, "rotation_down": 10.37, "downward_expansion": 16.03 }, "activity_lines": [ 32.905423, 32.497857, 32.004409, 31.710353 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 33.18, "trend_reference": 31.367602, "distance_from_trend": 0.057779, "trend_direction": "Improving", "fair_value": 26.339912, "distance_from_fair_value": 0.259685, "fair_value_direction": "Improving", "relative_strength": -1.162914, "relative_strength_direction": "Improving", "price_momentum": 0.043984, "excess_performance": -0.096286, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.057779, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040864, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.259685, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052501, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011629, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036276, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.043984, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.6384, "read": "Demand-led" } ], "volume": { "latest": 695891, "relative_activity": 1.035097, "balance": 2.6384, "dry_up": 1.127279, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025964, "annualized_volatility": 0.10767, "from_high_reference": -0.050644, "from_low_reference": 0.215476 }, "levels": { "trend_reference": 31.367602, "fair_value_reference": 26.339912, "structural_low": 29.863292, "invalidation": 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.795295, "energy": 38.538137, "activity_lines": [ 31.823651, 31.669362, 31.396908, 31.227265 ] }, { "date": "2026-07-17", "close": 32.606936, "volume": 414272, "typical_volume": 601769.25, "trend": 30.962081, "fair_value": 26.124266, "relative_strength": 1.073785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.09561, "energy": 63.126565, "activity_lines": [ 32.108163, 31.86524, 31.534246, 31.341986 ] }, { "date": "2026-07-24", "close": 32.866355, "volume": 536421, "typical_volume": 615128.2, "trend": 31.110019, "fair_value": 26.194981, "relative_strength": 2.452054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.632396, "energy": 73.372754, "activity_lines": [ 32.439302, 32.074704, 31.689149, 31.464843 ] }, { "date": "2026-07-31", "close": 32.98, "volume": 1384874, "typical_volume": 660646.0, "trend": 31.244562, "fair_value": 26.26537, "relative_strength": 1.665936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.571028, "energy": 72.343735, "activity_lines": [ 32.680072, 32.279917, 31.844368, 31.585487 ] }, { "date": "2026-08-07", "close": 33.18, "volume": 695891, "typical_volume": 672295.5, "trend": 31.367602, "fair_value": 26.339912, "relative_strength": -1.162914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.430344, "energy": 75.156525, "activity_lines": [ 32.905423, 32.497857, 32.004409, 31.710353 ] } ], "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." } } }