{ "ticker": { "uuid": "a867f9bd-4455-49d1-914f-2efbdf356e1b", "symbol": "FDVV", "name": "FIDELITY COVINGTON TRUST HIGH DIVIDEND ETF", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.841, "architecture_energy": 90.012, "architecture_maturity": 37.274, "architecture_confidence": 78.956, "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": 2.08, "rotation_up": 80.08, "upward_expansion": 98.51, "deceleration": 39.91, "rotation_down": 14.81, "downward_expansion": 20.51 }, "activity_lines": [ 62.993333, 62.234015, 61.119793, 60.020063 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 64.2, "trend_reference": 58.84881, "distance_from_trend": 0.090931, "trend_direction": "Improving", "fair_value": 48.452125, "distance_from_fair_value": 0.325019, "fair_value_direction": "Improving", "relative_strength": 0.391144, "relative_strength_direction": "Improving", "price_momentum": 0.094855, "excess_performance": -0.03077, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090931, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036644, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325019, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051742, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003911, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.037613, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.094855, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.185658, "read": "Demand-led" } ], "volume": { "latest": 4620209, "relative_activity": 1.182891, "balance": 2.185658, "dry_up": 1.068543, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.020109, "annualized_volatility": 0.124021, "from_high_reference": -0.003106, "from_low_reference": 0.226213 }, "levels": { "trend_reference": 58.84881, "fair_value_reference": 48.452125, "structural_low": 53.31333, 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59.387257 ] }, { "date": "2026-07-31", "close": 62.56, "volume": 3862726, "typical_volume": 3951346.45, "trend": 58.583412, "fair_value": 48.27646, "relative_strength": 1.250191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.750609, "energy": 83.56091, "activity_lines": [ 62.296, 61.714732, 60.652772, 59.657702 ] }, { "date": "2026-08-07", "close": 64.2, "volume": 4620209, "typical_volume": 3905862.95, "trend": 58.84881, "fair_value": 48.452125, "relative_strength": 0.391144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.840582, "energy": 90.011847, "activity_lines": [ 62.993333, 62.234015, 61.119793, 60.020063 ] } ], "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." } } }