{ "ticker": { "uuid": "95cd6152-61e7-4a01-812a-d7e3340c2a99", "symbol": "QMMY", "name": "FT VEST NASDAQ-100 MODERATE BUFFER ETF - MAY", "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": 56.886, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 45.771, "architecture_energy": 21.341, "architecture_maturity": 49.451, "architecture_confidence": 80.358, "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": 53.98, "rotation_up": 30.83, "upward_expansion": 55.64, "deceleration": 88.05, "rotation_down": 32.44, "downward_expansion": 21.64 }, "activity_lines": [ 26.06492, 26.087076, 26.086795, 25.8989 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 26.4814, "trend_reference": 25.654203, "distance_from_trend": 0.032244, "trend_direction": "Improving", "fair_value": 23.139222, "distance_from_fair_value": 0.144438, "fair_value_direction": "Improving", "relative_strength": -6.325756, "relative_strength_direction": "Weakening", "price_momentum": 0.054141, "excess_performance": -0.071484, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032244, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016814, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.144438, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.000734, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.063258, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008225, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.054141, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.616504, "read": "Demand-led" } ], "volume": { "latest": 253950, "relative_activity": 0.950897, "balance": 2.616504, "dry_up": 0.687651, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.019609, "annualized_volatility": 0.087033, "from_high_reference": -0.005953, "from_low_reference": 0.11173 }, "levels": { "trend_reference": 25.654203, "fair_value_reference": 23.139222, "structural_low": 24.295, "invalidation": "A 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"2026-07-17", "close": 25.9034, "volume": 191637, "typical_volume": 246696.85, "trend": 25.56499, "fair_value": 23.06326, "relative_strength": -5.211869, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.391069, "energy": 23.801372, "activity_lines": [ 26.123053, 26.16948, 26.033993, 25.81884 ] }, { "date": "2026-07-24", "close": 25.68, "volume": 124031, "typical_volume": 250435.8, "trend": 25.584157, "fair_value": 23.086214, "relative_strength": -5.323908, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.941569, "energy": 15.332411, "activity_lines": [ 25.956907, 26.076171, 26.024459, 25.82626 ] }, { "date": "2026-07-31", "close": 25.84, "volume": 164969, "typical_volume": 256777.25, "trend": 25.611317, "fair_value": 23.11016, "relative_strength": -5.576475, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.425865, "energy": 13.217894, "activity_lines": [ 25.89868, 26.019589, 26.02712, 25.842766 ] }, { "date": "2026-08-07", "close": 26.4814, "volume": 253950, "typical_volume": 267063.7, "trend": 25.654203, "fair_value": 23.139222, "relative_strength": -6.325756, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.77101, "energy": 21.341163, "activity_lines": [ 26.06492, 26.087076, 26.086795, 25.8989 ] } ], "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." } } }