{ "ticker": { "uuid": "6f5ddd08-73b8-4b19-89ad-2b12d0c0cb59", "symbol": "SHRY", "name": "FIRST TRUST BLOOMBERG SHAREHOLDER YIELD ETF", "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": 79.203, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 88.735, "architecture_energy": 87.635, "architecture_maturity": 9.706, "architecture_confidence": 60.928, "architecture_tenure": "New", "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": 19.45, "rotation_up": 87.19, "upward_expansion": 96.44, "deceleration": 39.01, "rotation_down": 8.12, "downward_expansion": 18.44 }, "activity_lines": [ 45.845907, 44.897882, 44.288804, 44.110616 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 47.0529, "trend_reference": 43.920167, "distance_from_trend": 0.071328, "trend_direction": "Improving", "fair_value": 39.003465, "distance_from_fair_value": 0.206377, "fair_value_direction": "Improving", "relative_strength": -4.523926, "relative_strength_direction": "Improving", "price_momentum": 0.066611, "excess_performance": -0.120842, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071328, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020732, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.206377, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06511, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045239, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.107906, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.066611, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.270923, "read": "Demand-led" } ], "volume": { "latest": 107, "relative_activity": 0.026876, "balance": 4.270923, "dry_up": 0.564207, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.023692, "annualized_volatility": 0.119946, "from_high_reference": 0.0, "from_low_reference": 0.183294 }, "levels": { "trend_reference": 43.920167, "fair_value_reference": 39.003465, "structural_low": 41.5, "invalidation": "A 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"mixed", "direction": 5.188703, "energy": 12.516848, "activity_lines": [ 43.413531, 43.393163, 43.50251, 43.563882 ] }, { "date": "2026-07-17", "close": 44.9561, "volume": 4418, "typical_volume": 3851.15, "trend": 43.553018, "fair_value": 38.725435, "relative_strength": -5.747758, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.228265, "energy": 32.218731, "activity_lines": [ 43.972526, 43.67904, 43.629808, 43.661014 ] }, { "date": "2026-07-24", "close": 45.0571, "volume": 458, "typical_volume": 3855.85, "trend": 43.652074, "fair_value": 38.80942, "relative_strength": -3.774955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.736222, "energy": 47.9099, "activity_lines": [ 44.486753, 43.951727, 43.767106, 43.758051 ] }, { "date": "2026-07-31", "close": 45.8432, "volume": 4002, "typical_volume": 4002.45, "trend": 43.779271, "fair_value": 38.902175, "relative_strength": -2.434193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.756481, "energy": 74.028127, "activity_lines": [ 45.072287, 44.332051, 43.976585, 43.899414 ] }, { "date": "2026-08-07", "close": 47.0529, "volume": 107, "typical_volume": 3981.25, "trend": 43.920167, "fair_value": 39.003465, "relative_strength": -4.523926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.734634, "energy": 87.634748, "activity_lines": [ 45.845907, 44.897882, 44.288804, 44.110616 ] } ], "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." } } }