{ "ticker": { "uuid": "58ecbf8c-86b3-4aa0-8be1-229415e34637", "symbol": "FDTS", "name": "FIRST TRUST DEVELOPED MARKETS EX-US SMALL CAP 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.379, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -0.783, "architecture_energy": 10.372, "architecture_maturity": 10.215, "architecture_confidence": 50.799, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 57.68, "rotation_up": 26.29, "upward_expansion": 16.83, "deceleration": 60.57, "rotation_down": 41.98, "downward_expansion": 41.83 }, "activity_lines": [ 65.836447, 65.758107, 66.726265, 66.877439 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 68.245, "trend_reference": 66.800043, "distance_from_trend": 0.021631, "trend_direction": "Improving", "fair_value": 47.237997, "distance_from_fair_value": 0.444706, "fair_value_direction": "Weakening", "relative_strength": -3.631716, "relative_strength_direction": "Weakening", "price_momentum": 0.033716, "excess_performance": -0.153738, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021631, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045763, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.444706, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.163504, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036317, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078054, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.033716, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.352254, "read": "Supply-led" } ], "volume": { "latest": 4608, "relative_activity": 0.692786, "balance": 0.352254, "dry_up": 0.744693, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.035831, "annualized_volatility": 0.2468, "from_high_reference": -0.056731, "from_low_reference": 0.314591 }, "levels": { "trend_reference": 66.800043, "fair_value_reference": 47.237997, "structural_low": 62.065, "invalidation": "A 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"close": 64.3375, "volume": 12721, "typical_volume": 7867.8, "trend": 66.544126, "fair_value": 47.03176, "relative_strength": -4.461813, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.966782, "energy": 45.366728, "activity_lines": [ 64.738967, 65.341182, 66.595023, 66.767705 ] }, { "date": "2026-08-07", "close": 68.245, "volume": 4608, "typical_volume": 6651.4, "trend": 66.800043, "fair_value": 47.237997, "relative_strength": -3.631716, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.783127, "energy": 10.37202, "activity_lines": [ 65.836447, 65.758107, 66.726265, 66.877439 ] } ], "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." } } }