{ "ticker": { "uuid": "96ffea7c-9afb-4c76-bfaf-c6ea5c6e1e5e", "symbol": "GMAY", "name": "FT VEST U.S. EQUITY 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": 49.501, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.755, "architecture_energy": 46.734, "architecture_maturity": 40.383, "architecture_confidence": 73.001, "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": 22.53, "rotation_up": 57.49, "upward_expansion": 78.76, "deceleration": 60.0, "rotation_down": 20.38, "downward_expansion": 5.43 }, "activity_lines": [ 43.38008, 43.202205, 42.986037, 42.655811 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 43.94, "trend_reference": 42.253513, "distance_from_trend": 0.039914, "trend_direction": "Improving", "fair_value": 37.270999, "distance_from_fair_value": 0.178933, "fair_value_direction": "Improving", "relative_strength": -5.794414, "relative_strength_direction": "Improving", "price_momentum": 0.055742, "excess_performance": -0.069882, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039914, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016541, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.178933, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00508, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057944, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007555, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.055742, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.311656, "read": "Demand-led" } ], "volume": { "latest": 109501, "relative_activity": 0.235328, "balance": 2.311656, "dry_up": 0.213531, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.016569, "annualized_volatility": 0.059551, "from_high_reference": -0.023339, "from_low_reference": 0.107917 }, "levels": { "trend_reference": 42.253513, "fair_value_reference": 37.270999, "structural_low": 40.38, 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43.015333, 42.978767, 42.77156, 42.468524 ] }, { "date": "2026-07-31", "close": 43.2453, "volume": 109701, "typical_volume": 462029.35, "trend": 42.173513, "fair_value": 37.1903, "relative_strength": -4.218689, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.737412, "energy": 38.308679, "activity_lines": [ 43.101767, 43.030562, 42.850635, 42.541844 ] }, { "date": "2026-08-07", "close": 43.94, "volume": 109501, "typical_volume": 465313.15, "trend": 42.253513, "fair_value": 37.270999, "relative_strength": -5.794414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.754993, "energy": 46.734084, "activity_lines": [ 43.38008, 43.202205, 42.986037, 42.655811 ] } ], "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." } } }