{ "ticker": { "uuid": "800022cd-a417-420a-81f0-7a57dd3c5f74", "symbol": "FYC", "name": "FIRST TRUST SMALL CAP GROWTH 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 56.453, "architecture_energy": 40.474, "architecture_maturity": 62.638, "architecture_confidence": 89.25, "architecture_tenure": "New", "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": 28.06, "rotation_up": 38.65, "upward_expansion": 65.38, "deceleration": 88.11, "rotation_down": 27.19, "downward_expansion": 17.71 }, "activity_lines": [ 120.441333, 120.74497, 118.09524, 114.117924 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 123.05, "trend_reference": 109.337153, "distance_from_trend": 0.125418, "trend_direction": "Improving", "fair_value": 79.693178, "distance_from_fair_value": 0.544047, "fair_value_direction": "Improving", "relative_strength": 5.852618, "relative_strength_direction": "Improving", "price_momentum": 0.219359, "excess_performance": 0.031905, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.125418, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.080192, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.544047, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013743, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.058526, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.02067, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.219359, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.391055, "read": "Demand-led" } ], "volume": { "latest": 583228, "relative_activity": 1.882811, "balance": 1.391055, "dry_up": 1.463081, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.04072, "annualized_volatility": 0.182211, "from_high_reference": -0.035431, "from_low_reference": 0.518951 }, "levels": { "trend_reference": 109.337153, "fair_value_reference": 79.693178, "structural_low": 92.39, "invalidation": 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"date": "2026-07-24", "close": 117.93, "volume": 373525, "typical_volume": 287551.9, "trend": 107.897126, "fair_value": 78.919974, "relative_strength": 7.976101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.573038, "energy": 52.156735, "activity_lines": [ 120.580593, 120.152299, 116.469914, 112.495039 ] }, { "date": "2026-07-31", "close": 118.62, "volume": 615155, "typical_volume": 297005.3, "trend": 108.618153, "fair_value": 79.289148, "relative_strength": 7.609499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.391465, "energy": 39.012999, "activity_lines": [ 119.591333, 120.085087, 117.127497, 113.186837 ] }, { "date": "2026-08-07", "close": 123.05, "volume": 583228, "typical_volume": 309764.45, "trend": 109.337153, "fair_value": 79.693178, "relative_strength": 5.852618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.452517, "energy": 40.474241, "activity_lines": [ 120.441333, 120.74497, 118.09524, 114.117924 ] } ], "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." } } }