{ "ticker": { "uuid": "820af287-af76-4c3a-981a-43d3c88cecb7", "symbol": "FXR", "name": "FIRST TRUST EXCH TRADED FUND 2 INDUSTRIALS/PRODUCER DURABLES FD US", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 83.369, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 67.637, "architecture_energy": 38.694, "architecture_maturity": 40.303, "architecture_confidence": 65.572, "architecture_tenure": "Established", "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": 25.69, "rotation_up": 49.4, "upward_expansion": 74.95, "deceleration": 63.95, "rotation_down": 21.59, "downward_expansion": 3.95 }, "activity_lines": [ 89.718333, 89.45253, 88.322202, 87.518637 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 91.7, "trend_reference": 87.028225, "distance_from_trend": 0.053681, "trend_direction": "Improving", "fair_value": 73.737409, "distance_from_fair_value": 0.243602, "fair_value_direction": "Improving", "relative_strength": -2.05822, "relative_strength_direction": "Improving", "price_momentum": 0.012416, "excess_performance": -0.113209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053681, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038279, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.243602, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020317, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020582, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010841, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.012416, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.519585, "read": "Demand-led" } ], "volume": { "latest": 111664, "relative_activity": 0.614578, "balance": 2.519585, "dry_up": 0.714132, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.03316, "annualized_volatility": 0.177222, "from_high_reference": -0.011481, "from_low_reference": 0.25877 }, "levels": { "trend_reference": 87.028225, "fair_value_reference": 73.737409, "structural_low": 78.6713, 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"date": "2026-07-03", "close": 90.6, "volume": 647738, "typical_volume": 223864.05, "trend": 85.776971, "fair_value": 72.791924, "relative_strength": 0.120982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.400877, "energy": 65.797119, "activity_lines": [ 89.309275, 88.041854, 86.804943, 86.530776 ] }, { "date": "2026-07-10", "close": 88.935, "volume": 118519, "typical_volume": 224028.6, "trend": 86.049949, "fair_value": 72.979569, "relative_strength": -2.949749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.325798, "energy": 61.108946, "activity_lines": [ 89.44981, 88.339085, 87.067125, 86.73452 ] }, { "date": "2026-07-17", "close": 88.7, "volume": 92106, "typical_volume": 213242.8, "trend": 86.328747, "fair_value": 73.163133, "relative_strength": -1.626741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.620901, "energy": 55.530958, "activity_lines": [ 89.302237, 88.558339, 87.318734, 86.905491 ] }, { "date": "2026-07-24", "close": 89.3, "volume": 219070, "typical_volume": 208277.65, "trend": 86.597908, "fair_value": 73.348534, "relative_strength": -0.303533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.981107, "energy": 42.43692, "activity_lines": [ 89.286333, 88.857157, 87.635322, 87.097184 ] }, { "date": "2026-07-31", "close": 88.26, "volume": 96169, "typical_volume": 196973.7, "trend": 86.829573, "fair_value": 73.531726, "relative_strength": -2.461911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.200027, "energy": 28.100309, "activity_lines": [ 88.871333, 88.868034, 87.83125, 87.204416 ] }, { "date": "2026-08-07", "close": 91.7, "volume": 111664, "typical_volume": 181692.3, "trend": 87.028225, "fair_value": 73.737409, "relative_strength": -2.05822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.636686, "energy": 38.693946, "activity_lines": [ 89.718333, 89.45253, 88.322202, 87.518637 ] } ], "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." } } }