{ "ticker": { "uuid": "b1b9238c-a723-4a1e-b0ad-c722cc7c001a", "symbol": "DVLU", "name": "FIRST TRUST DORSEY WRIGHT MOMENTUM & VALUE ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 82.587, "architecture_energy": 81.342, "architecture_maturity": 38.891, "architecture_confidence": 77.872, "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": 78.1, "upward_expansion": 94.83, "deceleration": 43.92, "rotation_down": 15.94, "downward_expansion": 16.83 }, "activity_lines": [ 41.08034, 40.523521, 39.51553, 38.527547 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 41.6881, "trend_reference": 37.518391, "distance_from_trend": 0.111138, "trend_direction": "Improving", "fair_value": 30.383465, "distance_from_fair_value": 0.372065, "fair_value_direction": "Improving", "relative_strength": 1.811746, "relative_strength_direction": "Improving", "price_momentum": 0.106365, "excess_performance": -0.081088, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.111138, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045189, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.372065, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.076808, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018117, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.080569, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.106365, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.88803, "read": "Demand-led" } ], "volume": { "latest": 39074, "relative_activity": 1.451009, "balance": 1.88803, "dry_up": 0.932652, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.024202, "annualized_volatility": 0.153934, "from_high_reference": -0.020256, "from_low_reference": 0.399324 }, "levels": { "trend_reference": 37.518391, "fair_value_reference": 30.383465, "structural_low": 33.023559, "invalidation": 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25126.8, "trend": 37.20113, "fair_value": 30.156233, "relative_strength": 5.832805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.648785, "energy": 87.686935, "activity_lines": [ 40.404887, 39.926496, 38.847368, 38.008365 ] }, { "date": "2026-07-31", "close": 40.92, "volume": 19545, "typical_volume": 25662.4, "trend": 37.359649, "fair_value": 30.267027, "relative_strength": 5.224408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.429715, "energy": 84.560668, "activity_lines": [ 40.658807, 40.182686, 39.161974, 38.248292 ] }, { "date": "2026-08-07", "close": 41.6881, "volume": 39074, "typical_volume": 26928.85, "trend": 37.518391, "fair_value": 30.383465, "relative_strength": 1.811746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.587438, "energy": 81.34222, "activity_lines": [ 41.08034, 40.523521, 39.51553, 38.527547 ] } ], "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." } } }