{ "ticker": { "uuid": "621366e8-1a7b-4be2-9b3f-418d818d83cb", "symbol": "GAPR", "name": "FT VEST U.S. EQUITY MODERATE BUFFER ETF - APRIL", "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": 53.874, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.221, "architecture_energy": 59.797, "architecture_maturity": 100.0, "architecture_confidence": 71.731, "architecture_tenure": "Extended", "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": 16.31, "rotation_up": 66.69, "upward_expansion": 84.39, "deceleration": 52.55, "rotation_down": 19.38, "downward_expansion": 8.72 }, "activity_lines": [ 41.96048, 41.795771, 41.569877, 41.295286 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 42.36, "trend_reference": 40.934027, "distance_from_trend": 0.034836, "trend_direction": "Improving", "fair_value": 36.944781, "distance_from_fair_value": 0.146576, "fair_value_direction": "Improving", "relative_strength": -6.331641, "relative_strength_direction": "Improving", "price_momentum": 0.053994, "excess_performance": -0.071631, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.034836, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016003, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.146576, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002444, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.063316, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007254, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.053994, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.570318, "read": "Demand-led" } ], "volume": { "latest": 36208, "relative_activity": 0.157861, "balance": 5.570318, "dry_up": 0.179574, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.01086, "annualized_volatility": 0.03642, "from_high_reference": -0.000943, "from_low_reference": 0.094574 }, "levels": { "trend_reference": 40.934027, "fair_value_reference": 36.944781, "structural_low": 40.07, 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"activity_lines": [ 41.96048, 41.795771, 41.569877, 41.295286 ] } ], "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." } } }