{ "ticker": { "uuid": "57ff325f-318d-4eab-b87e-602c4aedb808", "symbol": "FTA", "name": "FIRST TRUST LARGE CAP VALUE ALPHADEX FUND", "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": "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": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.972, "architecture_energy": 86.836, "architecture_maturity": 38.414, "architecture_confidence": 72.87, "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": 1.56, "rotation_up": 83.19, "upward_expansion": 97.72, "deceleration": 40.16, "rotation_down": 10.52, "downward_expansion": 19.72 }, "activity_lines": [ 100.875553, 99.569197, 97.554481, 96.242772 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 102.1663, "trend_reference": 94.583444, "distance_from_trend": 0.080171, "trend_direction": "Improving", "fair_value": 77.772447, "distance_from_fair_value": 0.313657, "fair_value_direction": "Improving", "relative_strength": -0.363122, "relative_strength_direction": "Improving", "price_momentum": 0.091975, "excess_performance": -0.095479, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080171, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049432, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.313657, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068663, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.003631, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.080121, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.091975, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.929174, "read": "Demand-led" } ], "volume": { "latest": 211701, "relative_activity": 1.264667, "balance": 2.929174, "dry_up": 1.026818, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.021469, "annualized_volatility": 0.107163, "from_high_reference": -0.008624, "from_low_reference": 0.312384 }, "levels": { "trend_reference": 94.583444, "fair_value_reference": 77.772447, "structural_low": 89.640882, 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97.607778, 96.629653, 95.26165, 94.348849 ] }, { "date": "2026-07-17", "close": 99.435, "volume": 171739, "typical_volume": 165439.85, "trend": 93.180801, "fair_value": 77.089187, "relative_strength": 1.066993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.383188, "energy": 80.502533, "activity_lines": [ 98.344087, 97.316078, 95.757702, 94.781862 ] }, { "date": "2026-07-24", "close": 100.3734, "volume": 137885, "typical_volume": 164267.3, "trend": 93.644665, "fair_value": 77.307748, "relative_strength": 3.607001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.485033, "energy": 84.037498, "activity_lines": [ 99.236387, 98.060631, 96.319748, 95.245901 ] }, { "date": "2026-07-31", "close": 101.0575, "volume": 166219, "typical_volume": 162747.15, "trend": 94.12763, "fair_value": 77.536513, "relative_strength": 3.638989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.808839, "energy": 82.512735, "activity_lines": [ 99.97638, 98.772792, 96.908633, 95.724148 ] }, { "date": "2026-08-07", "close": 102.1663, "volume": 211701, "typical_volume": 167396.7, "trend": 94.583444, "fair_value": 77.772447, "relative_strength": -0.363122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.971698, "energy": 86.83636, "activity_lines": [ 100.875553, 99.569197, 97.554481, 96.242772 ] } ], "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." } } }