{ "ticker": { "uuid": "c4522fa6-5aac-4a52-b424-d78974065a2d", "symbol": "XMAR", "name": "FT VEST U.S. EQUITY ENHANCE & MODERATE BUFFER ETF - MARCH", "exchange": "CBOE", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.686, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.253, "architecture_energy": 74.948, "architecture_maturity": 100.0, "architecture_confidence": 71.053, "architecture_tenure": "Extended", "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": 5.76, "rotation_up": 65.58, "upward_expansion": 87.67, "deceleration": 54.43, "rotation_down": 28.14, "downward_expansion": 12.0 }, "activity_lines": [ 42.987053, 42.847573, 42.610516, 42.183079 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 43.235, "trend_reference": 41.57946, "distance_from_trend": 0.039816, "trend_direction": "Improving", "fair_value": 36.757287, "distance_from_fair_value": 0.176229, "fair_value_direction": "Weakening", "relative_strength": -5.194902, "relative_strength_direction": "Weakening", "price_momentum": 0.07603, "excess_performance": -0.049595, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039816, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024922, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.176229, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004565, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051949, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002702, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.07603, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.376912, "read": "Supply-led" } ], "volume": { "latest": 36463, "relative_activity": 0.28273, "balance": 0.376912, "dry_up": 0.330469, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.005396, "annualized_volatility": 0.043092, "from_high_reference": 0.0, "from_low_reference": 0.117348 }, "levels": { "trend_reference": 41.57946, "fair_value_reference": 36.757287, "structural_low": 39.89, "invalidation": "A 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"regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.542008, "energy": 84.867481, "activity_lines": [ 42.75696, 42.677229, 42.408654, 41.96504 ] }, { "date": "2026-07-31", "close": 42.9897, "volume": 81769, "typical_volume": 136080.0, "trend": 41.47296, "fair_value": 36.682576, "relative_strength": -2.597539, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.125868, "energy": 83.893116, "activity_lines": [ 42.84878, 42.745038, 42.50413, 42.069399 ] }, { "date": "2026-08-07", "close": 43.235, "volume": 36463, "typical_volume": 128967.65, "trend": 41.57946, "fair_value": 36.757287, "relative_strength": -5.194902, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.25263, "energy": 74.948226, "activity_lines": [ 42.987053, 42.847573, 42.610516, 42.183079 ] } ], "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." } } }