{ "ticker": { "uuid": "b8369075-5e52-4583-9255-b58570113659", "symbol": "FTGS", "name": "FIRST TRUST GROWTH STRENGTH 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 79.851, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.838, "architecture_energy": 73.702, "architecture_maturity": 27.506, "architecture_confidence": 71.913, "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": 10.3, "rotation_up": 69.48, "upward_expansion": 88.3, "deceleration": 46.86, "rotation_down": 14.94, "downward_expansion": 14.97 }, "activity_lines": [ 38.4432, 37.971196, 37.37008, 36.832388 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 39.7224, "trend_reference": 36.314953, "distance_from_trend": 0.09383, "trend_direction": "Improving", "fair_value": 31.777675, "distance_from_fair_value": 0.25001, "fair_value_direction": "Improving", "relative_strength": -3.478896, "relative_strength_direction": "Improving", "price_momentum": 0.115196, "excess_performance": -0.072257, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09383, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.021438, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.25001, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06829, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034789, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.109036, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.115196, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.045197, "read": "Demand-led" } ], "volume": { "latest": 567481, "relative_activity": 1.073596, "balance": 1.045197, "dry_up": 0.981323, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.02822, "annualized_volatility": 0.144798, "from_high_reference": -0.003702, "from_low_reference": 0.203709 }, "levels": { "trend_reference": 36.314953, "fair_value_reference": 31.777675, "structural_low": 33.0, "invalidation": "A 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"fair_value": 30.95857, "relative_strength": -10.853463, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.831259, "energy": 46.254172, "activity_lines": [ 36.789733, 36.499822, 35.893652, 35.787848 ] }, { "date": "2026-06-12", "close": 37.04, "volume": 615510, "typical_volume": 613683.8, "trend": 35.688983, "fair_value": 31.04828, "relative_strength": -11.757553, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.890112, "energy": 51.931097, "activity_lines": [ 36.92832, 36.659838, 36.021934, 35.879967 ] }, { "date": "2026-06-19", "close": 36.99, "volume": 550196, "typical_volume": 608114.3, "trend": 35.786158, "fair_value": 31.140066, "relative_strength": -13.818357, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.979741, "energy": 49.955585, "activity_lines": [ 36.989907, 36.762285, 36.142811, 35.963904 ] }, { "date": "2026-06-26", "close": 36.7424, "volume": 691249, "typical_volume": 600367.3, "trend": 35.839659, "fair_value": 31.226364, "relative_strength": -10.062469, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.46075, "energy": 34.005591, "activity_lines": [ 36.910293, 36.783755, 36.234625, 36.025597 ] }, { "date": "2026-07-03", "close": 37.79, "volume": 500273, "typical_volume": 585066.6, "trend": 35.910103, "fair_value": 31.321291, "relative_strength": -8.002379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.570328, "energy": 48.76076, "activity_lines": [ 37.178387, 36.995635, 36.420861, 36.151425 ] }, { "date": "2026-07-10", "close": 38.026, "volume": 619552, "typical_volume": 582118.55, "trend": 35.99197, "fair_value": 31.41255, "relative_strength": -8.785174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.052926, "energy": 57.186559, "activity_lines": [ 37.50248, 37.224095, 36.617442, 36.287934 ] }, { "date": "2026-07-17", "close": 37.49, "volume": 494100, "typical_volume": 582717.0, "trend": 36.057303, "fair_value": 31.499674, "relative_strength": -5.917575, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.633275, "energy": 54.105369, "activity_lines": [ 37.55992, 37.318465, 36.751769, 36.384582 ] }, { "date": "2026-07-24", "close": 37.29, "volume": 614276, "typical_volume": 567416.85, "trend": 36.102397, "fair_value": 31.583799, "relative_strength": -4.633477, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.230944, "energy": 53.691519, "activity_lines": [ 37.520693, 37.351836, 36.860191, 36.46411 ] }, { "date": "2026-07-31", "close": 38.29, "volume": 398974, "typical_volume": 549797.5, "trend": 36.2017, "fair_value": 31.675606, "relative_strength": -2.394925, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.596701, "energy": 57.959196, "activity_lines": [ 37.7948, 37.545571, 37.055688, 36.605246 ] }, { "date": "2026-08-07", "close": 39.7224, "volume": 567481, "typical_volume": 528579.85, "trend": 36.314953, "fair_value": 31.777675, "relative_strength": -3.478896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.838359, "energy": 73.701995, "activity_lines": [ 38.4432, 37.971196, 37.37008, 36.832388 ] } ], "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." } } }