{ "ticker": { "uuid": "575d470c-e70e-4cb3-89c8-a31fb1bb15ca", "symbol": "AUGM", "name": "FT Vest U.S. Equity Max Buffer ETF - August", "exchange": "CBOE", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.781, "architecture_energy": 91.479, "architecture_maturity": 43.446, "architecture_confidence": 78.551, "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": 0.97, "rotation_up": 69.99, "upward_expansion": 98.75, "deceleration": 39.72, "rotation_down": 25.8, "downward_expansion": 20.75 }, "activity_lines": [ 35.24192, 35.164131, 35.01496, 34.818286 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 35.315, "trend_reference": 34.58166, "distance_from_trend": 0.021206, "trend_direction": "Improving", "fair_value": 33.118942, "distance_from_fair_value": 0.066308, "fair_value_direction": "Improving", "relative_strength": -8.062021, "relative_strength_direction": "Improving", "price_momentum": 0.032941, "excess_performance": -0.092684, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011753, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066308, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006945, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08062, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001327, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.032941, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.82678, "read": "Demand-led" } ], "volume": { "latest": 5949, "relative_activity": 0.612217, "balance": 1.82678, "dry_up": 0.345009, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.003104, "annualized_volatility": 0.0236, "from_high_reference": -0.000425, "from_low_reference": 0.064346 }, "levels": { "trend_reference": 34.58166, "fair_value_reference": 33.118942, "structural_low": 33.69, "invalidation": "A 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"close": 35.15, "volume": 5009, "typical_volume": 14449.0, "trend": 34.46375, "fair_value": 33.054938, "relative_strength": -5.489317, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.493252, "energy": 91.248538, "activity_lines": [ 35.105667, 35.038655, 34.851747, 34.673132 ] }, { "date": "2026-07-24", "close": 35.18, "volume": 942, "typical_volume": 11327.95, "trend": 34.501083, "fair_value": 33.075978, "relative_strength": -4.665358, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.417749, "energy": 91.016039, "activity_lines": [ 35.141993, 35.074087, 34.90471, 34.719342 ] }, { "date": "2026-07-31", "close": 35.2622, "volume": 1510, "typical_volume": 10370.05, "trend": 34.54249, "fair_value": 33.097412, "relative_strength": -5.235808, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.769891, "energy": 93.410097, "activity_lines": [ 35.193053, 35.117738, 34.960343, 34.768446 ] }, { "date": "2026-08-07", "close": 35.315, "volume": 5949, "typical_volume": 9717.15, "trend": 34.58166, "fair_value": 33.118942, "relative_strength": -8.062021, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.781254, "energy": 91.478836, "activity_lines": [ 35.24192, 35.164131, 35.01496, 34.818286 ] } ], "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." } } }