{ "ticker": { "uuid": "c02353ee-50c1-4739-b053-5f379ff544f6", "symbol": "FXH", "name": "FIRST TRUST EXCH TRADED FUND 2 HEALTH CARE ALPHADEX FD", "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": "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": 85.584, "architecture_energy": 80.573, "architecture_maturity": 22.281, "architecture_confidence": 75.254, "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": 13.97, "rotation_up": 75.43, "upward_expansion": 89.84, "deceleration": 50.02, "rotation_down": 13.07, "downward_expansion": 16.5 }, "activity_lines": [ 127.075333, 124.972446, 120.869132, 118.320973 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 130.97, "trend_reference": 116.055722, "distance_from_trend": 0.12851, "trend_direction": "Improving", "fair_value": 106.750064, "distance_from_fair_value": 0.226885, "fair_value_direction": "Improving", "relative_strength": 2.286112, "relative_strength_direction": "Improving", "price_momentum": 0.133057, "excess_performance": 0.007433, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12851, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024105, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.226885, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.153693, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.022861, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.101602, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.133057, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.028879, "read": "Demand-led" } ], "volume": { "latest": 384208, "relative_activity": 2.146097, "balance": 2.028879, "dry_up": 1.732281, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.030247, "annualized_volatility": 0.17276, "from_high_reference": 0.0, "from_low_reference": 0.303026 }, "levels": { "trend_reference": 116.055722, "fair_value_reference": 106.750064, "structural_low": 104.45917, 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"fair_value": 106.29694, "relative_strength": 0.609706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.052422, "energy": 84.977611, "activity_lines": [ 123.513115, 120.943203, 117.429721, 115.974838 ] }, { "date": "2026-07-24", "close": 124.05, "volume": 204739, "typical_volume": 151255.4, "trend": 115.200722, "fair_value": 106.416789, "relative_strength": 1.622729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.237759, "energy": 82.146572, "activity_lines": [ 124.074667, 121.898496, 118.333051, 116.564458 ] }, { "date": "2026-07-31", "close": 127.08, "volume": 332644, "typical_volume": 163934.95, "trend": 115.623297, "fair_value": 106.571151, "relative_strength": 2.843754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.950178, "energy": 73.473499, "activity_lines": [ 125.065333, 123.194689, 119.461873, 117.330863 ] }, { "date": "2026-08-07", "close": 130.97, "volume": 384208, "typical_volume": 179026.4, "trend": 116.055722, "fair_value": 106.750064, "relative_strength": 2.286112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.583619, "energy": 80.573389, "activity_lines": [ 127.075333, 124.972446, 120.869132, 118.320973 ] } ], "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." } } }