{
  "ticker": {
    "uuid": "75212336-da10-40ac-99e7-5e858f93350e",
    "symbol": "FDG",
    "name": "AMERICAN CENTURY ETF TRUST FOCUSED DYNAMIC GROWTH ETF",
    "exchange": "NYSEARCA",
    "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": 60.127,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 27.813,
    "architecture_energy": 18.764,
    "architecture_maturity": 47.956,
    "architecture_confidence": 79.669,
    "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": 43.75,
        "rotation_up": 28.31,
        "upward_expansion": 49.46,
        "deceleration": 80.68,
        "rotation_down": 36.53,
        "downward_expansion": 29.79
      },
      "activity_lines": [
        129.5725,
        129.988727,
        131.196471,
        129.045199
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 135.5108,
    "trend_reference": 126.72652,
    "distance_from_trend": 0.069317,
    "trend_direction": "Improving",
    "fair_value": 100.088649,
    "distance_from_fair_value": 0.353908,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.19079,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.125225,
    "excess_performance": -0.0004,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069317,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.014888,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.353908,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.088688,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031908,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.05454,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.125225,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.044796,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 39351,
      "relative_activity": 0.429708,
      "balance": 1.044796,
      "dry_up": 0.679235,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.048243,
      "annualized_volatility": 0.254161,
      "from_high_reference": -0.042055,
      "from_low_reference": 0.246191
    },
    "levels": {
      "trend_reference": 126.72652,
      "fair_value_reference": 100.088649,
      "structural_low": 108.74,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.005243,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": 0.005389,
        "regime_survival": 0.363636,
        "best_return": 0.108079,
        "worst_return": -0.050258,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.01428,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.025279,
        "regime_survival": 0.0,
        "best_return": 0.20118,
        "worst_return": -0.186316,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.059433,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.002951,
        "regime_survival": 0.0,
        "best_return": 0.219892,
        "worst_return": -0.161101,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.269337,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.107101,
        "regime_survival": 0.333333,
        "best_return": 0.404845,
        "worst_return": -0.366399,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.129294,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.056186,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.204114,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.008057,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.078567,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": 0.092532,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.00564,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.071196,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.008805,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.077479,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.128498,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-01",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.051872,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-22",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.076639,
        "active": false
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      {
        "regime": "deceleration",
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        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.025922,
        "active": true
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        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 130.6052,
        "volume": 141976,
        "typical_volume": 92507.55,
        "trend": 123.061463,
        "fair_value": 93.975174,
        "relative_strength": 0.443966,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 98237.95,
        "trend": 123.549887,
        "fair_value": 94.473963,
        "relative_strength": 2.263195,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "direction": 46.64378,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 100125.05,
        "trend": 124.043273,
        "fair_value": 94.966335,
        "relative_strength": 2.769433,
        "stage": 2,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 102974.45,
        "trend": 124.504693,
        "fair_value": 95.454925,
        "relative_strength": 2.286799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.367607,
        "energy": 87.623914,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": 2.060421,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 102851.2,
        "trend": 125.1807,
        "fair_value": 96.390272,
        "relative_strength": -0.741059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 66.481529,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 104615.55,
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        "fair_value": 96.814948,
        "relative_strength": -2.018687,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 102323.75,
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        "fair_value": 97.264174,
        "relative_strength": -0.931769,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 103057.55,
        "trend": 126.155317,
        "fair_value": 97.660392,
        "relative_strength": -3.811262,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 35.743051,
        "energy": 23.712812,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 132.0868,
        "volume": 46157,
        "typical_volume": 96789.75,
        "trend": 126.36221,
        "fair_value": 98.089987,
        "relative_strength": -2.442273,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.696345,
        "energy": 22.620664,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 133.8577,
        "volume": 49095,
        "typical_volume": 96155.55,
        "trend": 126.6518,
        "fair_value": 98.513138,
        "relative_strength": -2.469734,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.416242,
        "energy": 20.410171,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 128.0436,
        "volume": 61957,
        "typical_volume": 94324.45,
        "trend": 126.720253,
        "fair_value": 98.900006,
        "relative_strength": -5.153751,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.114934,
        "energy": 19.312394,
        "activity_lines": [
          130.75928,
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          131.120483,
          128.693264
        ]
      },
      {
        "date": "2026-07-24",
        "close": 122.7402,
        "volume": 88416,
        "typical_volume": 94627.05,
        "trend": 126.51426,
        "fair_value": 99.24943,
        "relative_strength": -8.416795,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.242308,
        "energy": 14.219702,
        "activity_lines": [
          127.939473,
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          130.634084,
          128.436487
        ]
      },
      {
        "date": "2026-07-31",
        "close": 126.967,
        "volume": 59083,
        "typical_volume": 95115.1,
        "trend": 126.528493,
        "fair_value": 99.638067,
        "relative_strength": -6.183585,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.622062,
        "energy": 15.33042,
        "activity_lines": [
          127.315253,
          129.169942,
          130.532923,
          128.465696
        ]
      },
      {
        "date": "2026-08-07",
        "close": 135.5108,
        "volume": 39351,
        "typical_volume": 91576.2,
        "trend": 126.72652,
        "fair_value": 100.088649,
        "relative_strength": -3.19079,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.812939,
        "energy": 18.764419,
        "activity_lines": [
          129.5725,
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          129.045199
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      }
    ],
    "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."
    }
  }
}