{
  "ticker": {
    "uuid": "8b9514d5-8720-4ca4-b502-3b75ef33cfb1",
    "symbol": "FWD",
    "name": "AB ACTIVE ETFS INC DISRUPTORS 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": 87.448,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 6.73,
    "architecture_energy": 18.749,
    "architecture_maturity": 65.972,
    "architecture_confidence": 89.038,
    "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": 59.48,
        "rotation_up": 15.89,
        "upward_expansion": 41.03,
        "deceleration": 87.87,
        "rotation_down": 43.47,
        "downward_expansion": 35.03
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "latest_close": 132.43,
    "trend_reference": 124.6815,
    "distance_from_trend": 0.062146,
    "trend_direction": "Improving",
    "fair_value": 86.452053,
    "distance_from_fair_value": 0.531832,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.082312,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.180303,
    "excess_performance": 0.054678,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.062146,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.087926,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.531832,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.154963,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.030823,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.136751,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.180303,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.928837,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.402543,
      "balance": 0.928837,
      "dry_up": 1.309657,
      "accumulation_observations": 2,
      "distribution_observations": 3
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    "risk": {
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      "annualized_volatility": 0.278585,
      "from_high_reference": -0.114589,
      "from_low_reference": 0.490649
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    "levels": {
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      "fair_value_reference": 86.452053,
      "structural_low": 102.9,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 4,
        "median_return": 0.064145,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "sufficient": false
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        "horizon": "Extended",
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        "date": "2026-07-17",
        "close": 127.35,
        "volume": 1831318,
        "typical_volume": 1215318.0,
        "trend": 122.677833,
        "fair_value": 85.057686,
        "relative_strength": 3.992587,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.842993,
        "energy": 21.732559,
        "activity_lines": [
          135.388667,
          137.471636,
          133.69119,
          128.816656
        ]
      },
      {
        "date": "2026-07-24",
        "close": 127.39,
        "volume": 1088352,
        "typical_volume": 1221045.85,
        "trend": 123.3755,
        "fair_value": 85.505713,
        "relative_strength": 4.320063,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.050401,
        "energy": 21.409159,
        "activity_lines": [
          131.781333,
          135.571455,
          133.658095,
          129.120667
        ]
      },
      {
        "date": "2026-07-31",
        "close": 125.36,
        "volume": 2079823,
        "typical_volume": 1267599.2,
        "trend": 123.994167,
        "fair_value": 85.951099,
        "relative_strength": 1.292668,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.999622,
        "energy": 18.954858,
        "activity_lines": [
          128.818667,
          133.404364,
          133.345,
          129.248699
        ]
      },
      {
        "date": "2026-08-07",
        "close": 132.43,
        "volume": 1827905,
        "typical_volume": 1303279.35,
        "trend": 124.6815,
        "fair_value": 86.452053,
        "relative_strength": 3.082312,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.72955,
        "energy": 18.74896,
        "activity_lines": [
          129.241333,
          132.731636,
          133.629238,
          129.792946
        ]
      }
    ],
    "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."
    }
  }
}