{ "ticker": { "uuid": "93bc0953-7b40-4ccb-8744-3c342207f755", "symbol": "UNCA", "name": "First Trust US Equity Income UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "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": 81.714, "architecture_energy": 78.636, "architecture_maturity": 77.513, "architecture_confidence": 62.649, "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": 2.08, "rotation_up": 85.65, "upward_expansion": 92.87, "deceleration": 46.65, "rotation_down": 9.4, "downward_expansion": 14.87 }, "activity_lines": [ 40.273, 39.553818, 38.289524, 37.45657 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 40.744999, "trend_reference": 36.414833, "distance_from_trend": 0.118912, "trend_direction": "Improving", "fair_value": 33.278859, "distance_from_fair_value": 0.224351, "fair_value_direction": "Improving", "relative_strength": 5.964182, "relative_strength_direction": "Improving", "price_momentum": 0.161654, "excess_performance": 0.07877, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.118912, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061415, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.224351, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.135155, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.059642, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.017696, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.161654, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.61767, "read": "Supply-led" } ], "volume": { "latest": 221, "relative_activity": 0.564207, "balance": 0.61767, "dry_up": 1.49349, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.022523, "annualized_volatility": 0.126047, "from_high_reference": -0.026753, "from_low_reference": 0.29596 }, "levels": { "trend_reference": 36.414833, "fair_value_reference": 33.278859, "structural_low": 34.285, "invalidation": "A sustained 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37.397636, 36.615881, 36.065935 ] }, { "date": "2026-07-10", "close": 38.84, "volume": 0, "typical_volume": 274.7, "trend": 35.455833, "fair_value": 33.096571, "relative_strength": 3.643248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.586921, "energy": 88.945839, "activity_lines": [ 38.399334, 37.750727, 36.882571, 36.296559 ] }, { "date": "2026-07-17", "close": 40.035, "volume": 103, "typical_volume": 279.85, "trend": 35.687833, "fair_value": 33.144519, "relative_strength": 5.88624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.224209, "energy": 94.331917, "activity_lines": [ 38.998667, 38.275, 37.246071, 36.591989 ] }, { "date": "2026-07-24", "close": 40.360001, "volume": 1366, "typical_volume": 348.15, "trend": 35.9345, "fair_value": 33.188564, "relative_strength": 6.73884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.346627, "energy": 91.141611, "activity_lines": [ 39.578667, 38.777909, 37.615429, 36.893419 ] }, { "date": "2026-07-31", "close": 40.095001, "volume": 650, "typical_volume": 380.65, "trend": 36.176667, "fair_value": 33.232263, "relative_strength": 5.82605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.650337, "energy": 72.545311, "activity_lines": [ 39.864667, 39.140273, 37.935024, 37.161839 ] }, { "date": "2026-08-07", "close": 40.744999, "volume": 221, "typical_volume": 391.7, "trend": 36.414833, "fair_value": 33.278859, "relative_strength": 5.964182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.713714, "energy": 78.63608, "activity_lines": [ 40.273, 39.553818, 38.289524, 37.45657 ] } ], "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." } } }