{ "ticker": { "uuid": "ac5b13a5-0d31-48d9-93a0-dafb638e382d", "symbol": "FUD", "name": "First Trust Value Line Dividend ETF Common", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "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": 55.089, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 80.346, "architecture_energy": 84.971, "architecture_maturity": 13.668, "architecture_confidence": 60.232, "architecture_tenure": "Developing", "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": 18.26, "rotation_up": 81.75, "upward_expansion": 94.58, "deceleration": 41.96, "rotation_down": 8.55, "downward_expansion": 18.91 }, "activity_lines": [ 39.045524, 38.58831, 38.028492, 37.864689 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 39.470001, "trend_reference": 37.739495, "distance_from_trend": 0.045854, "trend_direction": "Improving", "fair_value": 34.360987, "distance_from_fair_value": 0.148686, "fair_value_direction": "Improving", "relative_strength": -5.248597, "relative_strength_direction": "Improving", "price_momentum": 0.036107, "excess_performance": -0.084314, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045854, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01909, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.148686, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.055693, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052486, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.046712, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.036107, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.82, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.82, "dry_up": 1.840796, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.017663, "annualized_volatility": 0.11148, "from_high_reference": -0.0099, "from_low_reference": 0.119581 }, "levels": { "trend_reference": 37.739495, "fair_value_reference": 34.360987, "structural_low": 36.244347, "invalidation": "A 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"date": "2026-07-24", "close": 38.447323, "volume": 0, "typical_volume": 675.0, "trend": 37.538456, "fair_value": 34.254487, "relative_strength": -5.66426, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.199201, "energy": 74.751379, "activity_lines": [ 38.455692, 38.030711, 37.673084, 37.635068 ] }, { "date": "2026-07-31", "close": 39.27, "volume": 7400, "typical_volume": 1025.0, "trend": 37.64241, "fair_value": 34.306312, "relative_strength": -2.953808, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.454158, "energy": 81.033831, "activity_lines": [ 38.774781, 38.308323, 37.846102, 37.74678 ] }, { "date": "2026-08-07", "close": 39.470001, "volume": 0, "typical_volume": 1005.0, "trend": 37.739495, "fair_value": 34.360987, "relative_strength": -5.248597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.346195, "energy": 84.970902, "activity_lines": [ 39.045524, 38.58831, 38.028492, 37.864689 ] } ], "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." } } }