{ "ticker": { "uuid": "aa0427c1-637b-46be-9d65-d470777baf5e", "symbol": "FEGE", "name": "FIRST EAGLE GLOBAL EQUITY ETF", "exchange": "NYSE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 75.591, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.021, "architecture_energy": 76.111, "architecture_maturity": 7.257, "architecture_confidence": 68.091, "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": 19.73, "rotation_up": 76.58, "upward_expansion": 91.23, "deceleration": 42.12, "rotation_down": 10.95, "downward_expansion": 15.56 }, "activity_lines": [ 50.87, 50.268, 49.869667, 49.531748 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 52.52, "trend_reference": 49.281767, "distance_from_trend": 0.065709, "trend_direction": "Improving", "fair_value": 43.272752, "distance_from_fair_value": 0.213697, "fair_value_direction": "Improving", "relative_strength": -0.49432, "relative_strength_direction": "Weakening", "price_momentum": 0.05082, "excess_performance": -0.074805, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.065709, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03068, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.213697, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024823, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004943, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006925, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.05082, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.850019, "read": "Supply-led" } ], "volume": { "latest": 1907352, "relative_activity": 1.2211, "balance": 0.850019, "dry_up": 1.063029, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.022479, "annualized_volatility": 0.154738, "from_high_reference": -0.000571, "from_low_reference": 0.294386 }, "levels": { "trend_reference": 49.281767, "fair_value_reference": 43.272752, "structural_low": 45.695, 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"modifier": "Neutral compression", "gate": "up", "direction": 49.36958, "energy": 24.667471, "activity_lines": [ 49.581333, 49.548636, 49.299405, 49.162864 ] }, { "date": "2026-07-24", "close": 49.33, "volume": 1348574, "typical_volume": 1598415.35, "trend": 48.983767, "fair_value": 43.072223, "relative_strength": -2.008274, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 46.742864, "energy": 24.728521, "activity_lines": [ 49.533333, 49.508, 49.348333, 49.191267 ] }, { "date": "2026-07-31", "close": 50.87, "volume": 1552275, "typical_volume": 1560841.7, "trend": 49.128767, "fair_value": 43.163961, "relative_strength": -0.149617, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 68.916334, "energy": 47.007189, "activity_lines": [ 49.988, 49.746636, 49.538976, 49.312959 ] }, { "date": "2026-08-07", "close": 52.52, "volume": 1907352, "typical_volume": 1561995.5, "trend": 49.281767, "fair_value": 43.272752, "relative_strength": -0.49432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.020768, "energy": 76.110618, "activity_lines": [ 50.87, 50.268, 49.869667, 49.531748 ] } ], "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." } } }