{ "ticker": { "uuid": "5700abf4-cf83-4437-a8d5-975ca6443fde", "symbol": "FXO", "name": "FIRST TRUST EXCH TRADED FUND 2 FINANCIAL ALPHADEX FD USD", "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": "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.645, "architecture_energy": 90.018, "architecture_maturity": 18.44, "architecture_confidence": 73.817, "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": 7.65, "rotation_up": 84.02, "upward_expansion": 99.15, "deceleration": 39.43, "rotation_down": 10.13, "downward_expansion": 21.15 }, "activity_lines": [ 65.703767, 64.594263, 62.507181, 61.240192 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 66.52, "trend_reference": 60.171612, "distance_from_trend": 0.105505, "trend_direction": "Improving", "fair_value": 50.994607, "distance_from_fair_value": 0.304452, "fair_value_direction": "Improving", "relative_strength": -0.143957, "relative_strength_direction": "Improving", "price_momentum": 0.078314, "excess_performance": -0.047311, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105505, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023967, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.304452, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.094293, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00144, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.084351, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.078314, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.518316, "read": "Demand-led" } ], "volume": { "latest": 317183, "relative_activity": 0.996842, "balance": 2.518316, "dry_up": 0.674442, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.025258, "annualized_volatility": 0.148424, "from_high_reference": -0.012763, "from_low_reference": 0.222794 }, "levels": { "trend_reference": 60.171612, "fair_value_reference": 50.994607, "structural_low": 54.4, "invalidation": 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"relative_strength": 1.548829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.661611, "energy": 93.457628, "activity_lines": [ 63.983425, 62.48756, 60.784939, 60.082069 ] }, { "date": "2026-07-24", "close": 65.0391, "volume": 122792, "typical_volume": 373406.85, "trend": 59.807799, "fair_value": 50.637464, "relative_strength": 2.092911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.277, "energy": 90.492267, "activity_lines": [ 64.5645, 63.173821, 61.327444, 60.428355 ] }, { "date": "2026-07-31", "close": 65.8683, "volume": 223266, "typical_volume": 339814.35, "trend": 59.997024, "fair_value": 50.812327, "relative_strength": 2.294931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.645439, "energy": 91.049925, "activity_lines": [ 65.138127, 63.88544, 61.911529, 60.819355 ] }, { "date": "2026-08-07", "close": 66.52, "volume": 317183, "typical_volume": 318187.8, "trend": 60.171612, "fair_value": 50.994607, "relative_strength": -0.143957, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.645069, "energy": 90.017706, "activity_lines": [ 65.703767, 64.594263, 62.507181, 61.240192 ] } ], "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." } } }