{
  "ticker": {
    "uuid": "b5561ac6-efa7-45ad-a1f0-9659c0902d3f",
    "symbol": "AFLG",
    "name": "FIRST TR EXCHANGE TRADED FD VIII FIRST TRUST ACTIVE FACTOR LARGE CAP 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": 88.831,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.931,
    "architecture_energy": 73.387,
    "architecture_maturity": 38.902,
    "architecture_confidence": 81.624,
    "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": 13.18,
        "rotation_up": 70.14,
        "upward_expansion": 92.2,
        "deceleration": 43.57,
        "rotation_down": 20.89,
        "downward_expansion": 14.2
      },
      "activity_lines": [
        44.171333,
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        43.340661,
        42.5669
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 45.08,
    "trend_reference": 41.661673,
    "distance_from_trend": 0.08205,
    "trend_direction": "Improving",
    "fair_value": 34.193282,
    "distance_from_fair_value": 0.318388,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.257619,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.110964,
    "excess_performance": -0.014661,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08205,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03716,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.318388,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000493,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.002576,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000844,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.110964,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.329293,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 529345,
      "relative_activity": 1.415291,
      "balance": 1.329293,
      "dry_up": 0.983371,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.021343,
      "annualized_volatility": 0.119803,
      "from_high_reference": -0.00683,
      "from_low_reference": 0.223693
    },
    "levels": {
      "trend_reference": 41.661673,
      "fair_value_reference": 34.193282,
      "structural_low": 37.4,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.015689,
        "positive_rate": 0.675,
        "directional_follow_through": 0.675,
        "median_excess_return": 0.001091,
        "regime_survival": 0.775,
        "best_return": 0.06675,
        "worst_return": -0.07531,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.571429,
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        "worst_return": -0.028126,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.150051,
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.092791,
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      },
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        "regime": "deceleration",
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        "regime": "balance",
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-16",
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        "active": false
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      {
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        "regime": "rotation_up",
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        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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      },
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 33.589179,
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      },
      {
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        "fair_value": 33.709335,
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        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 48.855779,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 274086,
        "typical_volume": 382980.95,
        "trend": 41.209763,
        "fair_value": 33.826264,
        "relative_strength": 0.151897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.616055,
        "energy": 47.259503,
        "activity_lines": [
          43.393787,
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          42.019047
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      },
      {
        "date": "2026-07-24",
        "close": 43.46,
        "volume": 385568,
        "typical_volume": 375622.35,
        "trend": 41.335578,
        "fair_value": 33.941939,
        "relative_strength": 0.616971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.238518,
        "energy": 47.561326,
        "activity_lines": [
          43.45,
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          42.164224
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      },
      {
        "date": "2026-07-31",
        "close": 43.99,
        "volume": 282197,
        "typical_volume": 375406.35,
        "trend": 41.492943,
        "fair_value": 34.063921,
        "relative_strength": 0.734124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.524876,
        "energy": 56.475929,
        "activity_lines": [
          43.673667,
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          43.068908,
          42.335477
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.08,
        "volume": 529345,
        "typical_volume": 374018.55,
        "trend": 41.661673,
        "fair_value": 34.193282,
        "relative_strength": -0.257619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.930612,
        "energy": 73.386686,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}