{ "ticker": { "uuid": "3b3788f0-7176-4bc8-a846-296da0fd7bd9", "symbol": "FVD", "name": "First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 71.556, "architecture_energy": 76.492, "architecture_maturity": 16.767, "architecture_confidence": 72.931, "architecture_tenure": "Developing", "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": 6.79, "rotation_up": 78.14, "upward_expansion": 92.05, "deceleration": 46.2, "rotation_down": 10.27, "downward_expansion": 16.39 }, "activity_lines": [ 26.827667, 26.546728, 25.947143, 25.695248 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 26.93, "trend_reference": 25.415667, "distance_from_trend": 0.059583, "trend_direction": "Improving", "fair_value": 23.613417, "distance_from_fair_value": 0.140453, "fair_value_direction": "Improving", "relative_strength": 0.535975, "relative_strength_direction": "Improving", "price_momentum": 0.068015, "excess_performance": 0.003375, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059583, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029843, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.140453, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.086454, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00536, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.003185, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.068015, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.598956, "read": "Demand-led" } ], "volume": { "latest": 5231, "relative_activity": 1.672261, "balance": 2.598956, "dry_up": 2.38883, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.020609, "annualized_volatility": 0.109526, "from_high_reference": -0.027447, "from_low_reference": 0.159776 }, "levels": { "trend_reference": 25.415667, "fair_value_reference": 23.613417, "structural_low": 24.275, "invalidation": "A 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"regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.084439, "energy": 93.24046, "activity_lines": [ 26.442667, 25.986546, 25.5225, 25.382161 ] }, { "date": "2026-07-24", "close": 26.905001, "volume": 2379, "typical_volume": 2733.5, "trend": 25.242333, "fair_value": 23.541173, "relative_strength": 5.52735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.502909, "energy": 91.091505, "activity_lines": [ 26.674001, 26.220182, 25.674167, 25.495914 ] }, { "date": "2026-07-31", "close": 26.735001, "volume": 6972, "typical_volume": 2955.7, "trend": 25.333, "fair_value": 23.576494, "relative_strength": 2.595637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.885916, "energy": 77.598059, "activity_lines": [ 26.736334, 26.380001, 25.804429, 25.592215 ] }, { "date": "2026-08-07", "close": 26.93, "volume": 5231, "typical_volume": 3128.1, "trend": 25.415667, "fair_value": 23.613417, "relative_strength": 0.535975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.555736, "energy": 76.492364, "activity_lines": [ 26.827667, 26.546728, 25.947143, 25.695248 ] } ], "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." } } }