{ "ticker": { "uuid": "4e88e0b1-c293-4d93-9d60-6461f8bc104f", "symbol": "KNGZ", "name": "FIRST TRUST S&P 500 DIVERSIFIED DIVIDEND ARISTOCRATS ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 84.901, "architecture_energy": 75.397, "architecture_maturity": 42.276, "architecture_confidence": 86.345, "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": 10.99, "rotation_up": 62.78, "upward_expansion": 88.88, "deceleration": 47.69, "rotation_down": 22.37, "downward_expansion": 15.55 }, "activity_lines": [ 41.391053, 41.01164, 40.394461, 39.605423 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 42.6211, "trend_reference": 38.747868, "distance_from_trend": 0.09996, "trend_direction": "Improving", "fair_value": 32.434848, "distance_from_fair_value": 0.314053, "fair_value_direction": "Improving", "relative_strength": 0.368246, "relative_strength_direction": "Improving", "price_momentum": 0.111099, "excess_performance": -0.076354, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09996, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048505, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.314053, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060867, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003682, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.077862, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.111099, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.742966, "read": "Demand-led" } ], "volume": { "latest": 38127, "relative_activity": 1.430453, "balance": 1.742966, "dry_up": 1.137558, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.024906, "annualized_volatility": 0.142237, "from_high_reference": -0.000678, "from_low_reference": 0.291227 }, "levels": { "trend_reference": 38.747868, "fair_value_reference": 32.434848, "structural_low": 35.174391, 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}, { "date": "2026-07-24", "close": 40.6304, "volume": 18343, "typical_volume": 24671.15, "trend": 38.390522, "fair_value": 32.247038, "relative_strength": 1.154067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.513431, "energy": 43.554761, "activity_lines": [ 40.636067, 40.59737, 39.868429, 39.181434 ] }, { "date": "2026-07-31", "close": 40.9015, "volume": 37674, "typical_volume": 25481.55, "trend": 38.560243, "fair_value": 32.335238, "relative_strength": 1.256561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.086539, "energy": 54.293227, "activity_lines": [ 40.755267, 40.655009, 40.061726, 39.343433 ] }, { "date": "2026-08-07", "close": 42.6211, "volume": 38127, "typical_volume": 26653.8, "trend": 38.747868, "fair_value": 32.434848, "relative_strength": 0.368246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.901481, "energy": 75.397316, "activity_lines": [ 41.391053, 41.01164, 40.394461, 39.605423 ] } ], "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." } } }