{ "ticker": { "uuid": "65269209-9626-4a81-ad8b-f37892b0aa57", "symbol": "FDT", "name": "FIRST TRUST DEVELOPED MARKETS EX-US 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": 58.03, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -13.197, "architecture_energy": 22.037, "architecture_maturity": 30.09, "architecture_confidence": 51.089, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 47.95, "rotation_up": 18.45, "upward_expansion": 18.19, "deceleration": 56.5, "rotation_down": 56.56, "downward_expansion": 43.19 }, "activity_lines": [ 91.451647, 92.351027, 93.654366, 93.061012 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 93.9651, "trend_reference": 92.025714, "distance_from_trend": 0.021074, "trend_direction": "Improving", "fair_value": 63.812435, "distance_from_fair_value": 0.47252, "fair_value_direction": "Weakening", "relative_strength": -2.985344, "relative_strength_direction": "Weakening", "price_momentum": 0.048065, "excess_performance": -0.139388, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021074, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.058316, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.47252, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.171758, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029853, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.083646, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.048065, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.653075, "read": "Supply-led" } ], "volume": { "latest": 725066, "relative_activity": 1.184979, "balance": 0.653075, "dry_up": 1.204248, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.046105, "annualized_volatility": 0.256499, "from_high_reference": -0.064948, "from_low_reference": 0.336847 }, "levels": { "trend_reference": 92.025714, "fair_value_reference": 63.812435, "structural_low": 83.5, "invalidation": "A 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3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.959603, "energy": 15.817261, "activity_lines": [ 92.316178, 94.024081, 94.054764, 93.044548 ] }, { "date": "2026-07-24", "close": 90.5754, "volume": 505073, "typical_volume": 578395.25, "trend": 91.334031, "fair_value": 63.248616, "relative_strength": -0.988968, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.912005, "energy": 24.774483, "activity_lines": [ 91.295307, 93.211302, 93.854521, 93.019176 ] }, { "date": "2026-07-31", "close": 89.67, "volume": 1347961, "typical_volume": 607042.5, "trend": 91.652617, "fair_value": 63.515773, "relative_strength": -2.617372, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.772621, "energy": 31.447195, "activity_lines": [ 90.506633, 92.33071, 93.557228, 92.911819 ] }, { "date": "2026-08-07", "close": 93.9651, "volume": 725066, "typical_volume": 611880.7, "trend": 92.025714, "fair_value": 63.812435, "relative_strength": -2.985344, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.197282, "energy": 22.037193, "activity_lines": [ 91.451647, 92.351027, 93.654366, 93.061012 ] } ], "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." } } }