{ "ticker": { "uuid": "cafd195d-e98e-47c3-b7b0-d226f8c9471f", "symbol": "FDTX", "name": "FIDELITY DISRUPTIVE TECHNOLOGY 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 45.917, "architecture_energy": 24.638, "architecture_maturity": 75.227, "architecture_confidence": 91.882, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 40.18, "rotation_up": 26.36, "upward_expansion": 55.72, "deceleration": 91.09, "rotation_down": 28.33, "downward_expansion": 19.39 }, "activity_lines": [ 52.297333, 52.997045, 52.021243, 49.311902 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 55.09, "trend_reference": 45.978183, "distance_from_trend": 0.198177, "trend_direction": "Improving", "fair_value": 35.885305, "distance_from_fair_value": 0.535169, "fair_value_direction": "Improving", "relative_strength": 11.336121, "relative_strength_direction": "Improving", "price_momentum": 0.435009, "excess_performance": 0.247555, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.198177, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.103903, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.535169, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.069069, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.113361, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.07615, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.435009, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.008424, "read": "Demand-led" } ], "volume": { "latest": 266357, "relative_activity": 1.241116, "balance": 1.008424, "dry_up": 1.135001, "accumulation_observations": 6, "distribution_observations": 5 }, "risk": { "range_context": 0.083137, "annualized_volatility": 0.299884, "from_high_reference": -0.118137, "from_low_reference": 0.581228 }, "levels": { "trend_reference": 45.978183, "fair_value_reference": 35.885305, "structural_low": 34.84, "invalidation": "A 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"date": "2026-07-31", "close": 50.71, "volume": 228751, "typical_volume": 204174.6, "trend": 45.529683, "fair_value": 35.692131, "relative_strength": 7.920446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.205703, "energy": 22.368259, "activity_lines": [ 51.265687, 52.699549, 51.399232, 48.695107 ] }, { "date": "2026-08-07", "close": 55.09, "volume": 266357, "typical_volume": 214610.95, "trend": 45.978183, "fair_value": 35.885305, "relative_strength": 11.336121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.917209, "energy": 24.637879, "activity_lines": [ 52.297333, 52.997045, 52.021243, 49.311902 ] } ], "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." } } }