{ "ticker": { "uuid": "baeb0bd4-9eec-491b-b15b-beab3267d731", "symbol": "FTDS", "name": "FIRST TRUST DIVIDEND 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 78.218, "architecture_energy": 80.187, "architecture_maturity": 13.577, "architecture_confidence": 68.074, "architecture_tenure": "New", "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": 8.67, "rotation_up": 82.43, "upward_expansion": 95.35, "deceleration": 39.29, "rotation_down": 8.96, "downward_expansion": 17.35 }, "activity_lines": [ 64.32066, 63.231506, 61.958495, 61.500531 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 65.283, "trend_reference": 61.02829, "distance_from_trend": 0.069717, "trend_direction": "Improving", "fair_value": 51.165244, "distance_from_fair_value": 0.275925, "fair_value_direction": "Improving", "relative_strength": -2.506459, "relative_strength_direction": "Improving", "price_momentum": 0.04705, "excess_performance": -0.140404, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069717, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03567, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.275925, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.076524, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025065, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.096421, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.04705, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.107297, "read": "Demand-led" } ], "volume": { "latest": 7261, "relative_activity": 0.584283, "balance": 3.107297, "dry_up": 0.700902, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.02953, "annualized_volatility": 0.124955, "from_high_reference": -0.004681, "from_low_reference": 0.248023 }, "levels": { "trend_reference": 61.02829, "fair_value_reference": 51.165244, "structural_low": 57.4, "invalidation": "A 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11503.55, "trend": 60.087511, "fair_value": 50.593768, "relative_strength": -7.247499, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.653837, "energy": 58.901039, "activity_lines": [ 61.612329, 60.927068, 60.601591, 60.523981 ] }, { "date": "2026-07-17", "close": 63.3649, "volume": 4529, "typical_volume": 11519.0, "trend": 60.321655, "fair_value": 50.733457, "relative_strength": -1.684688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.635649, "energy": 66.656995, "activity_lines": [ 62.307899, 61.470718, 60.876923, 60.735426 ] }, { "date": "2026-07-24", "close": 63.7874, "volume": 12137, "typical_volume": 12045.6, "trend": 60.552489, "fair_value": 50.871889, "relative_strength": 0.626197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.007158, "energy": 71.163741, "activity_lines": [ 63.00508, 62.015382, 61.186732, 60.959022 ] }, { "date": "2026-07-31", "close": 64.4725, "volume": 10914, "typical_volume": 12357.05, "trend": 60.809628, "fair_value": 51.015671, "relative_strength": 1.154122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.56821, "energy": 74.682432, "activity_lines": [ 63.62828, 62.588927, 61.546583, 61.211926 ] }, { "date": "2026-08-07", "close": 65.283, "volume": 7261, "typical_volume": 12427.2, "trend": 61.02829, "fair_value": 51.165244, "relative_strength": -2.506459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.217567, "energy": 80.187286, "activity_lines": [ 64.32066, 63.231506, 61.958495, 61.500531 ] } ], "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." } } }