{ "ticker": { "uuid": "801817bd-6acd-4ec8-94a9-c09c0cca1fc4", "symbol": "SKYY", "name": "FIRST TRUST CLOUD COMPUTING 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 84.574, "architecture_energy": 71.086, "architecture_maturity": 36.0, "architecture_confidence": 80.755, "architecture_tenure": "Developing", "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": 26.07, "rotation_up": 70.54, "upward_expansion": 89.66, "deceleration": 44.46, "rotation_down": 15.82, "downward_expansion": 14.0 }, "activity_lines": [ 144.046333, 139.867091, 135.731429, 130.486581 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 156.17, "trend_reference": 124.903833, "distance_from_trend": 0.250322, "trend_direction": "Improving", "fair_value": 109.534006, "distance_from_fair_value": 0.425767, "fair_value_direction": "Improving", "relative_strength": 7.032055, "relative_strength_direction": "Improving", "price_momentum": 0.386083, "excess_performance": 0.19863, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.250322, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019204, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.425767, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.18148, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070321, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.194086, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.386083, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.656077, "read": "Supply-led" } ], "volume": { "latest": 2010431, "relative_activity": 1.219922, "balance": 0.656077, "dry_up": 0.964529, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.065088, "annualized_volatility": 0.33898, "from_high_reference": -0.002364, "from_low_reference": 0.505108 }, "levels": { "trend_reference": 124.903833, "fair_value_reference": 109.534006, "structural_low": 103.76, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.020797, "positive_rate": 0.607143, "directional_follow_through": 0.607143, "median_excess_return": 0.002138, "regime_survival": 0.821429, "best_return": 0.109913, "worst_return": -0.144641, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.04081, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.003438, "regime_survival": 0.5, "best_return": 0.210413, "worst_return": -0.177831, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.066208, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.094039, "regime_survival": 0.0, "best_return": 0.118692, "worst_return": -0.081755, "sufficient": true }, { "horizon": "Full cycle", 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"gate": "up", "direction": 55.51657, "energy": 36.092731, "activity_lines": [ 135.677333, 135.589909, 130.732452, 126.606527 ] }, { "date": "2026-07-24", "close": 131.96, "volume": 1551380, "typical_volume": 1655429.3, "trend": 123.488833, "fair_value": 108.610929, "relative_strength": -4.447932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.386144, "energy": 31.6277, "activity_lines": [ 134.852333, 134.981636, 131.389143, 127.152086 ] }, { "date": "2026-07-31", "close": 143.0, "volume": 1333616, "typical_volume": 1605252.95, "trend": 123.9965, "fair_value": 109.026635, "relative_strength": 3.052238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.605405, "energy": 46.18515, "activity_lines": [ 137.702, 136.317727, 133.007786, 128.410871 ] }, { "date": "2026-08-07", "close": 156.17, "volume": 2010431, "typical_volume": 1647999.3, "trend": 124.903833, "fair_value": 109.534006, "relative_strength": 7.032055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.573825, "energy": 71.085803, "activity_lines": [ 144.046333, 139.867091, 135.731429, 130.486581 ] } ], "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." } } }