{ "ticker": { "uuid": "83421c3c-6a65-40fd-a3e6-1bbef3372262", "symbol": "BUFQ", "name": "FT VEST LADDERED NASDAQ BUFFER ETF", "exchange": "CBOE", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 65.737, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.704, "architecture_energy": 32.871, "architecture_maturity": 47.183, "architecture_confidence": 81.03, "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": 46.24, "rotation_up": 36.31, "upward_expansion": 63.6, "deceleration": 93.75, "rotation_down": 27.57, "downward_expansion": 12.93 }, "activity_lines": [ 38.880667, 38.851091, 38.725143, 38.157957 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 39.53, "trend_reference": 37.4305, "distance_from_trend": 0.056091, "trend_direction": "Improving", "fair_value": 31.697849, "distance_from_fair_value": 0.247088, "fair_value_direction": "Weakening", "relative_strength": -3.164886, "relative_strength_direction": "Weakening", "price_momentum": 0.098819, "excess_performance": -0.026806, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.056091, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030609, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.247088, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023789, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031649, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020143, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.098819, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.323263, "read": "Demand-led" } ], "volume": { "latest": 863984, "relative_activity": 1.0278, "balance": 1.323263, "dry_up": 0.819539, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.025363, "annualized_volatility": 0.098662, "from_high_reference": -0.039368, "from_low_reference": 0.183533 }, "levels": { "trend_reference": 37.4305, "fair_value_reference": 31.697849, "structural_low": 34.2609, "invalidation": "A 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"date": "2026-07-03", "close": 38.76, "volume": 644355, "typical_volume": 854053.55, "trend": 36.935167, "fair_value": 31.263065, "relative_strength": -1.830242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.37725, "energy": 40.294798, "activity_lines": [ 38.833333, 38.878909, 38.199857, 37.607516 ] }, { "date": "2026-07-10", "close": 39.25, "volume": 751961, "typical_volume": 858812.6, "trend": 37.057833, "fair_value": 31.352515, "relative_strength": -1.856654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.487883, "energy": 46.870337, "activity_lines": [ 38.964667, 38.954364, 38.372095, 37.75686 ] }, { "date": "2026-07-17", "close": 38.57, "volume": 592062, "typical_volume": 857068.0, "trend": 37.1505, "fair_value": 31.43772, "relative_strength": -1.96665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.723461, "energy": 32.34486, "activity_lines": [ 38.836, 38.888, 38.463429, 37.854419 ] }, { "date": "2026-07-24", "close": 38.31, "volume": 678387, "typical_volume": 850751.6, "trend": 37.2265, "fair_value": 31.519772, "relative_strength": -1.990765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.179285, "energy": 26.709988, "activity_lines": [ 38.645333, 38.778545, 38.517238, 37.929226 ] }, { "date": "2026-07-31", "close": 38.56, "volume": 621233, "typical_volume": 838411.15, "trend": 37.318167, "fair_value": 31.605413, "relative_strength": -2.325025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.265578, "energy": 22.441393, "activity_lines": [ 38.600667, 38.722727, 38.582143, 38.015258 ] }, { "date": "2026-08-07", "close": 39.53, "volume": 863984, "typical_volume": 840614.75, "trend": 37.4305, "fair_value": 31.697849, "relative_strength": -3.164886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.704435, "energy": 32.871403, "activity_lines": [ 38.880667, 38.851091, 38.725143, 38.157957 ] } ], "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." } } }