{ "ticker": { "uuid": "87db7d96-e513-42f2-a8b3-6b9876081e3f", "symbol": "XAPR", "name": "FT VEST U.S. EQUITY ENHANCE & MODERATE BUFFER ETF - APRIL", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.427, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.15, "architecture_energy": 73.027, "architecture_maturity": 84.39, "architecture_confidence": 70.381, "architecture_tenure": "Extended", "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": 16.78, "rotation_up": 71.68, "upward_expansion": 88.72, "deceleration": 50.29, "rotation_down": 18.57, "downward_expansion": 13.05 }, "activity_lines": [ 38.011407, 37.879682, 37.686612, 37.476315 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 38.309, "trend_reference": 37.197813, "distance_from_trend": 0.029872, "trend_direction": "Improving", "fair_value": 34.298848, "distance_from_fair_value": 0.116918, "fair_value_direction": "Improving", "relative_strength": -6.969101, "relative_strength_direction": "Improving", "price_momentum": 0.046122, "excess_performance": -0.079503, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.029872, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013932, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.116918, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013852, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069691, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007966, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.046122, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.481788, "read": "Demand-led" } ], "volume": { "latest": 10631, "relative_activity": 0.125975, "balance": 6.481788, "dry_up": 0.094327, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.007103, "annualized_volatility": 0.025304, "from_high_reference": 0.0, "from_low_reference": 0.082004 }, "levels": { "trend_reference": 37.197813, "fair_value_reference": 34.298848, "structural_low": 36.5612, 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"up", "direction": 74.334235, "energy": 59.476201, "activity_lines": [ 37.852927, 37.771827, 37.599871, 37.400788 ] }, { "date": "2026-08-07", "close": 38.309, "volume": 10631, "typical_volume": 84389.6, "trend": 37.197813, "fair_value": 34.298848, "relative_strength": -6.969101, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.150135, "energy": 73.027321, "activity_lines": [ 38.011407, 37.879682, 37.686612, 37.476315 ] } ], "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." } } }