{ "ticker": { "uuid": "c4211524-c2fb-41d8-ad87-02c0eb6d9c0e", "symbol": "FSCS", "name": "First Trust Mid Cap US Equity Select 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.905, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 81.391, "architecture_energy": 70.876, "architecture_maturity": 14.575, "architecture_confidence": 64.153, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 16.32, "rotation_up": 78.65, "upward_expansion": 91.59, "deceleration": 41.38, "rotation_down": 10.82, "downward_expansion": 13.59 }, "activity_lines": [ 37.66806, 37.275798, 36.646834, 36.439868 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 38.462, "trend_reference": 36.381297, "distance_from_trend": 0.057192, "trend_direction": "Improving", "fair_value": 33.725232, "distance_from_fair_value": 0.140452, "fair_value_direction": "Improving", "relative_strength": -7.322064, "relative_strength_direction": "Improving", "price_momentum": 0.027133, "excess_performance": -0.160321, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.057192, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010532, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.140452, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052017, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073221, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.099507, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.027133, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.118309, "read": "Demand-led" } ], "volume": { "latest": 25315, "relative_activity": 0.996716, "balance": 4.118309, "dry_up": 0.867968, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.026264, "annualized_volatility": 0.109978, "from_high_reference": -0.002024, "from_low_reference": 0.122632 }, "levels": { "trend_reference": 36.381297, "fair_value_reference": 33.725232, "structural_low": 34.3, "invalidation": "A decisive breakout 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"direction": 31.636056, "energy": 34.488395, "activity_lines": [ 36.6107, 36.134043, 35.942672, 36.052824 ] }, { "date": "2026-07-10", "close": 36.8842, "volume": 19422, "typical_volume": 25379.65, "trend": 36.200669, "fair_value": 33.496174, "relative_strength": -12.58721, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.402, "energy": 47.226066, "activity_lines": [ 36.80317, 36.312901, 36.031978, 36.098597 ] }, { "date": "2026-07-17", "close": 37.18, "volume": 24555, "typical_volume": 25378.9, "trend": 36.2341, "fair_value": 33.55003, "relative_strength": -7.734446, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.572342, "energy": 55.128558, "activity_lines": [ 36.994472, 36.527434, 36.151475, 36.16178 ] }, { "date": "2026-07-24", "close": 37.2185, "volume": 22654, "typical_volume": 25193.35, "trend": 36.264543, "fair_value": 33.60351, "relative_strength": -5.826686, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.006621, "energy": 55.51141, "activity_lines": [ 37.121, 36.725621, 36.27517, 36.22529 ] }, { "date": "2026-07-31", "close": 37.4528, "volume": 15656, "typical_volume": 24826.1, "trend": 36.324298, "fair_value": 33.660546, "relative_strength": -5.445155, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.865401, "energy": 47.644066, "activity_lines": [ 37.241827, 36.926215, 36.417648, 36.301951 ] }, { "date": "2026-08-07", "close": 38.462, "volume": 25315, "typical_volume": 25398.4, "trend": 36.381297, "fair_value": 33.725232, "relative_strength": -7.322064, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.390507, "energy": 70.876176, "activity_lines": [ 37.66806, 37.275798, 36.646834, 36.439868 ] } ], "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." } } }