{ "ticker": { "uuid": "ae67be25-0b9b-49e3-864f-77b5b6fe77a3", "symbol": "FCUD", "name": "Fidelity U.S. High Dividend ETF", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.44, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 76.099, "architecture_energy": 68.99, "architecture_maturity": 52.612, "architecture_confidence": 81.458, "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": 4.89, "rotation_up": 62.88, "upward_expansion": 87.67, "deceleration": 63.18, "rotation_down": 26.6, "downward_expansion": 12.0 }, "activity_lines": [ 44.438543, 44.243231, 43.763785, 43.134409 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 44.619999, "trend_reference": 42.311248, "distance_from_trend": 0.054566, "trend_direction": "Improving", "fair_value": 37.603041, "distance_from_fair_value": 0.186606, "fair_value_direction": "Improving", "relative_strength": -5.124719, "relative_strength_direction": "Improving", "price_momentum": 0.084824, "excess_performance": -0.035597, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054566, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025332, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186606, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020757, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051247, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018913, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.084824, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.0875, "read": "Demand-led" } ], "volume": { "latest": 11400, "relative_activity": 2.31943, "balance": 3.0875, "dry_up": 1.515768, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.011046, "annualized_volatility": 0.066115, "from_high_reference": -0.012613, "from_low_reference": 0.155152 }, "levels": { "trend_reference": 42.311248, "fair_value_reference": 37.603041, "structural_low": 40.107021, 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41.966037, "fair_value": 37.420658, "relative_strength": -2.891623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.142534, "energy": 71.03523, "activity_lines": [ 44.185817, 44.067036, 43.446039, 42.821694 ] }, { "date": "2026-07-31", "close": 44.34, "volume": 9900, "typical_volume": 4440.0, "trend": 42.146878, "fair_value": 37.510668, "relative_strength": -2.917512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.392437, "energy": 65.894745, "activity_lines": [ 44.287418, 44.136975, 43.599882, 42.974852 ] }, { "date": "2026-08-07", "close": 44.619999, "volume": 11400, "typical_volume": 4915.0, "trend": 42.311248, "fair_value": 37.603041, "relative_strength": -5.124719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.099478, "energy": 68.989683, "activity_lines": [ 44.438543, 44.243231, 43.763785, 43.134409 ] } ], "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." } } }