{ "ticker": { "uuid": "b8e41f26-0777-4638-954d-568fd72bd7bd", "symbol": "OCTM", "name": "FT Vest U.S. Equity Max Buffer ETF - October", "exchange": "CBOE", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.273, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.002, "architecture_energy": 91.868, "architecture_maturity": 37.017, "architecture_confidence": 79.601, "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": 3.05, "rotation_up": 74.15, "upward_expansion": 97.93, "deceleration": 40.41, "rotation_down": 23.02, "downward_expansion": 19.93 }, "activity_lines": [ 33.81054, 33.723775, 33.58061, 33.39207 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 33.9349, "trend_reference": 33.16796, "distance_from_trend": 0.023123, "trend_direction": "Improving", "fair_value": 31.894495, "distance_from_fair_value": 0.063974, "fair_value_direction": "Improving", "relative_strength": -7.87211, "relative_strength_direction": "Improving", "price_momentum": 0.033841, "excess_performance": -0.091784, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023123, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011408, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.063974, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008125, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078721, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001485, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.033841, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.352887, "read": "Demand-led" } ], "volume": { "latest": 19804, "relative_activity": 2.097237, "balance": 11.352887, "dry_up": 1.31538, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.003403, "annualized_volatility": 0.024518, "from_high_reference": 0.0, "from_low_reference": 0.068974 }, "levels": { "trend_reference": 33.16796, "fair_value_reference": 31.894495, "structural_low": 32.32, "invalidation": "A 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"modifier": "Established expansion", "gate": "up", "direction": 74.146834, "energy": 89.428833, "activity_lines": [ 33.682513, 33.623755, 33.468492, 33.293745 ] }, { "date": "2026-07-31", "close": 33.8098, "volume": 8429, "typical_volume": 8638.1, "trend": 33.129297, "fair_value": 31.872555, "relative_strength": -5.237882, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.274261, "energy": 92.476324, "activity_lines": [ 33.735533, 33.665435, 33.52151, 33.340096 ] }, { "date": "2026-08-07", "close": 33.9349, "volume": 19804, "typical_volume": 9442.9, "trend": 33.16796, "fair_value": 31.894495, "relative_strength": -7.87211, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.002467, "energy": 91.867859, "activity_lines": [ 33.81054, 33.723775, 33.58061, 33.39207 ] } ], "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." } } }