{ "ticker": { "uuid": "4d701a6a-ee7b-426f-98f2-1b464fbe599d", "symbol": "FCID", "name": "Fidelity International High Dividend 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": 88.636, "architecture_energy": 94.743, "architecture_maturity": 40.495, "architecture_confidence": 71.159, "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": 2.77, "rotation_up": 87.87, "upward_expansion": 99.97, "deceleration": 39.01, "rotation_down": 8.43, "downward_expansion": 21.97 }, "activity_lines": [ 37.783306, 37.143282, 36.506641, 36.070013 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 38.439999, "trend_reference": 35.55336, "distance_from_trend": 0.081192, "trend_direction": "Improving", "fair_value": 27.990163, "distance_from_fair_value": 0.37334, "fair_value_direction": "Improving", "relative_strength": 0.899027, "relative_strength_direction": "Improving", "price_momentum": 0.093782, "excess_performance": -0.02664, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081192, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041248, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.37334, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.049002, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00899, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.026913, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.093782, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.405462, "read": "Demand-led" } ], "volume": { "latest": 13800, "relative_activity": 0.369924, "balance": 4.405462, "dry_up": 0.653398, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.018307, "annualized_volatility": 0.156756, "from_high_reference": -0.002336, "from_low_reference": 0.277203 }, "levels": { "trend_reference": 35.55336, "fair_value_reference": 27.990163, "structural_low": 32.969609, "invalidation": 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"2026-07-10", "close": 36.418491, "volume": 50200, "typical_volume": 59870.0, "trend": 34.930865, "fair_value": 27.575221, "relative_strength": -1.629145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.298003, "energy": 52.875903, "activity_lines": [ 36.21101, 36.017326, 35.691145, 35.423734 ] }, { "date": "2026-07-17", "close": 36.637756, "volume": 32300, "typical_volume": 52150.0, "trend": 35.068316, "fair_value": 27.672747, "relative_strength": -0.883093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.602995, "energy": 57.725359, "activity_lines": [ 36.366435, 36.158996, 35.814099, 35.533856 ] }, { "date": "2026-07-24", "close": 37.405197, "volume": 29100, "typical_volume": 47475.0, "trend": 35.229389, "fair_value": 27.772622, "relative_strength": 0.942392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.97666, "energy": 80.410993, "activity_lines": [ 36.759352, 36.41701, 36.007324, 35.684622 ] }, { "date": "2026-07-31", "close": 38.16, "volume": 22300, "typical_volume": 39220.0, "trend": 35.397046, "fair_value": 27.880495, "relative_strength": 3.384922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.112338, "energy": 89.165729, "activity_lines": [ 37.305969, 36.775831, 36.254834, 35.873694 ] }, { "date": "2026-08-07", "close": 38.439999, "volume": 13800, "typical_volume": 37305.0, "trend": 35.55336, "fair_value": 27.990163, "relative_strength": 0.899027, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.636184, "energy": 94.742818, "activity_lines": [ 37.783306, 37.143282, 36.506641, 36.070013 ] } ], "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." } } }