{ "ticker": { "uuid": "8ca3f8eb-ed70-45d5-9817-396f4f87ae58", "symbol": "FTXN", "name": "FIRST TRUST NASDAQ OIL & GAS ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 95.208, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 51.505, "architecture_energy": 39.016, "architecture_maturity": 7.651, "architecture_confidence": 64.875, "architecture_tenure": "New", "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": 31.42, "rotation_up": 64.55, "upward_expansion": 73.8, "deceleration": 62.67, "rotation_down": 11.54, "downward_expansion": 5.13 }, "activity_lines": [ 36.76572, 35.916512, 35.825036, 35.78325 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 36.18, "trend_reference": 35.152088, "distance_from_trend": 0.029242, "trend_direction": "Improving", "fair_value": 29.443569, "distance_from_fair_value": 0.228791, "fair_value_direction": "Improving", "relative_strength": -0.984941, "relative_strength_direction": "Improving", "price_momentum": 0.11111, "excess_performance": -0.076344, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.029242, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075812, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.228791, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004323, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009849, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015662, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.11111, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.536278, "read": "Demand-led" } ], "volume": { "latest": 332143, "relative_activity": 0.076772, "balance": 11.536278, "dry_up": 0.068402, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.052939, "annualized_volatility": 0.288744, "from_high_reference": -0.09843, "from_low_reference": 0.38261 }, "levels": { "trend_reference": 35.152088, "fair_value_reference": 29.443569, "structural_low": 32.457099, 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4376896.75, "trend": 34.26057, "fair_value": 29.253417, "relative_strength": 4.512502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.804928, "energy": 14.133002, "activity_lines": [ 34.88783, 34.997784, 35.520397, 35.298484 ] }, { "date": "2026-07-24", "close": 37.6193, "volume": 141364, "typical_volume": 4353036.1, "trend": 34.600021, "fair_value": 29.323711, "relative_strength": 9.162089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.47858, "energy": 26.185727, "activity_lines": [ 35.95636, 35.403524, 35.68219, 35.515176 ] }, { "date": "2026-07-31", "close": 37.4767, "volume": 269508, "typical_volume": 4325583.1, "trend": 34.901531, "fair_value": 29.390864, "relative_strength": 7.919994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.872176, "energy": 36.322005, "activity_lines": [ 36.700713, 35.779374, 35.819037, 35.700768 ] }, { "date": "2026-08-07", "close": 36.18, "volume": 332143, "typical_volume": 4326351.2, "trend": 35.152088, "fair_value": 29.443569, "relative_strength": -0.984941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.505448, "energy": 39.015829, "activity_lines": [ 36.76572, 35.916512, 35.825036, 35.78325 ] } ], "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." } } }