{ "ticker": { "uuid": "5737fe6d-5a61-40de-853f-5ad94a301326", "symbol": "FCVH", "name": "Fidelity U.S. Value Currency Neutral 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": 90.632, "architecture_energy": 85.741, "architecture_maturity": 41.713, "architecture_confidence": 85.636, "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": 5.58, "rotation_up": 72.82, "upward_expansion": 93.61, "deceleration": 45.35, "rotation_down": 19.97, "downward_expansion": 17.95 }, "activity_lines": [ 25.172, 24.89843, 24.426222, 23.913858 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 25.809999, "trend_reference": 23.324352, "distance_from_trend": 0.106569, "trend_direction": "Improving", "fair_value": 18.337367, "distance_from_fair_value": 0.407508, "fair_value_direction": "Improving", "relative_strength": 3.948786, "relative_strength_direction": "Improving", "price_momentum": 0.143961, "excess_performance": 0.02354, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.106569, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049416, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.407508, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051785, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.039488, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.021381, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.143961, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.685288, "read": "Demand-led" } ], "volume": { "latest": 22058, "relative_activity": 0.545037, "balance": 1.685288, "dry_up": 0.821867, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.019357, "annualized_volatility": 0.1208, "from_high_reference": 0.0, "from_low_reference": 0.370754 }, "levels": { "trend_reference": 23.324352, "fair_value_reference": 18.337367, "structural_low": 21.129999, "invalidation": "A 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.934786, "energy": 75.672857, "activity_lines": [ 24.712, 24.548264, 24.070098, 23.62196 ] }, { "date": "2026-07-31", "close": 25.049999, "volume": 62018, "typical_volume": 40698.7, "trend": 23.218415, "fair_value": 18.259848, "relative_strength": 4.288629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.512076, "energy": 72.852119, "activity_lines": [ 24.841333, 24.664473, 24.219939, 23.746659 ] }, { "date": "2026-08-07", "close": 25.809999, "volume": 22058, "typical_volume": 40470.65, "trend": 23.324352, "fair_value": 18.337367, "relative_strength": 3.948786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.631916, "energy": 85.74134, "activity_lines": [ 25.172, 24.89843, 24.426222, 23.913858 ] } ], "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." } } }