{ "ticker": { "uuid": "8a332a9a-1dc3-40a9-b727-a0e82e4dbe78", "symbol": "EDOW", "name": "FIRST TRUST EXCHANGE TRADED FUND DOW 30 EQUAL WEIGHT ETF USD", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.965, "architecture_energy": 78.391, "architecture_maturity": 32.693, "architecture_confidence": 76.322, "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": 9.26, "rotation_up": 71.62, "upward_expansion": 89.03, "deceleration": 49.07, "rotation_down": 15.95, "downward_expansion": 15.7 }, "activity_lines": [ 45.410073, 44.940678, 44.18058, 43.557939 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 46.5597, "trend_reference": 42.964946, "distance_from_trend": 0.083667, "trend_direction": "Improving", "fair_value": 36.30745, "distance_from_fair_value": 0.282373, "fair_value_direction": "Improving", "relative_strength": -0.616974, "relative_strength_direction": "Improving", "price_momentum": 0.069635, "excess_performance": -0.05599, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083667, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028236, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.282373, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.065689, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00617, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048245, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.069635, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.248421, "read": "Demand-led" } ], "volume": { "latest": 93958, "relative_activity": 1.059505, "balance": 2.248421, "dry_up": 0.901393, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.020735, "annualized_volatility": 0.11069, "from_high_reference": -0.007192, "from_low_reference": 0.223807 }, "levels": { "trend_reference": 42.964946, "fair_value_reference": 36.30745, "structural_low": 39.69, 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103060.45, "trend": 42.594764, "fair_value": 35.998656, "relative_strength": -1.172749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.363635, "energy": 76.180126, "activity_lines": [ 44.553686, 44.219539, 43.443507, 43.030879 ] }, { "date": "2026-07-24", "close": 44.3639, "volume": 45269, "typical_volume": 98056.85, "trend": 42.688228, "fair_value": 36.093481, "relative_strength": -0.930658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.385828, "energy": 70.208607, "activity_lines": [ 44.549347, 44.297493, 43.603183, 43.145017 ] }, { "date": "2026-07-31", "close": 45.3502, "volume": 123139, "typical_volume": 88001.85, "trend": 42.82138, "fair_value": 36.197324, "relative_strength": 0.185438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.58816, "energy": 68.28086, "activity_lines": [ 44.824347, 44.524685, 43.844177, 43.316757 ] }, { "date": "2026-08-07", "close": 46.5597, "volume": 93958, "typical_volume": 88681.05, "trend": 42.964946, "fair_value": 36.30745, "relative_strength": -0.616974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.96537, "energy": 78.391282, "activity_lines": [ 45.410073, 44.940678, 44.18058, 43.557939 ] } ], "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." } } }