{
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    "uuid": "419ce233-6db4-4393-b1ec-bf8e15c62883",
    "symbol": "SMID",
    "name": "FIRST TRUST GLOBAL FUNDS ICAV F",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
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  "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.",
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    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "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,
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    "architecture_regime_label": "Upward Expansion",
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    "architecture_gate": "up",
    "architecture_direction": 80.968,
    "architecture_energy": 63.812,
    "architecture_maturity": 37.003,
    "architecture_confidence": 77.456,
    "architecture_tenure": "Developing",
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        "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."
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        "rotation_up": 69.46,
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        "downward_expansion": 9.64
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      "activity_direction": "Contracting",
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        "date": "2026-07-31",
        "close": 1939.1,
        "volume": 12505,
        "typical_volume": 16307.9,
        "trend": 1850.483333,
        "fair_value": 1677.509923,
        "relative_strength": 0.49294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.094201,
        "energy": 56.204697,
        "activity_lines": [
          1938.126667,
          1928.840001,
          1897.382857,
          1875.785806
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1980.5,
        "volume": 9262,
        "typical_volume": 13518.3,
        "trend": 1856.893335,
        "fair_value": 1679.993448,
        "relative_strength": 2.270773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.968213,
        "energy": 63.811985,
        "activity_lines": [
          1953.073333,
          1941.143636,
          1908.149047,
          1884.173978
        ]
      }
    ],
    "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."
    }
  }
}