{ "ticker": { "uuid": "d8460f87-e378-43f4-8d73-1ccac3867dbb", "symbol": "FDLO", "name": "FIDELITY COVINGTON TRUST LOW VOLATILITY FACTOR ETF", "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": 75.635, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 92.62, "architecture_energy": 93.11, "architecture_maturity": 12.164, "architecture_confidence": 66.558, "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": 5.73, "rotation_up": 86.66, "upward_expansion": 99.05, "deceleration": 39.05, "rotation_down": 9.43, "downward_expansion": 21.05 }, "activity_lines": [ 71.660693, 70.657442, 69.850691, 69.028704 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 73.45, "trend_reference": 68.19518, "distance_from_trend": 0.077056, "trend_direction": "Improving", "fair_value": 59.527258, "distance_from_fair_value": 0.233889, "fair_value_direction": "Improving", "relative_strength": -2.17737, "relative_strength_direction": "Improving", "price_momentum": 0.081393, "excess_performance": -0.044232, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077056, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019305, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.233889, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041479, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021774, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.034622, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.081393, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.735413, "read": "Demand-led" } ], "volume": { "latest": 255385, "relative_activity": 0.808832, "balance": 1.735413, "dry_up": 0.894572, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.017449, "annualized_volatility": 0.111751, "from_high_reference": -0.002174, "from_low_reference": 0.175345 }, "levels": { "trend_reference": 68.19518, "fair_value_reference": 59.527258, "structural_low": 63.115824, 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"gate": "up", "direction": 66.703206, "energy": 38.084748, "activity_lines": [ 69.328193, 69.274675, 68.597592, 68.103587 ] }, { "date": "2026-07-17", "close": 70.0502, "volume": 237041, "typical_volume": 322924.35, "trend": 67.693632, "fair_value": 59.078449, "relative_strength": -3.207839, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.154815, "energy": 56.443191, "activity_lines": [ 69.656733, 69.420767, 68.810668, 68.264361 ] }, { "date": "2026-07-24", "close": 70.1, "volume": 183777, "typical_volume": 316729.5, "trend": 67.801289, "fair_value": 59.214175, "relative_strength": -2.466938, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.2093, "energy": 67.89683, "activity_lines": [ 69.93472, 69.552293, 69.018162, 68.419611 ] }, { "date": "2026-07-31", "close": 71.78, "volume": 453624, "typical_volume": 321216.35, "trend": 67.987758, "fair_value": 59.366775, "relative_strength": -1.134954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.657282, "energy": 83.807495, "activity_lines": [ 70.648707, 69.969329, 69.370087, 68.676302 ] }, { "date": "2026-08-07", "close": 73.45, "volume": 255385, "typical_volume": 315745.25, "trend": 68.19518, "fair_value": 59.527258, "relative_strength": -2.17737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.620217, "energy": 93.109829, "activity_lines": [ 71.660693, 70.657442, 69.850691, 69.028704 ] } ], "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." } } }