{
  "ticker": {
    "uuid": "dddc1e6e-ad78-4eb3-8b1f-34de1085e2fa",
    "symbol": "FYT",
    "name": "FIRST TRUST SMALL CAP VALUE ALPHADEX FUND",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.013,
    "architecture_energy": 78.883,
    "architecture_maturity": 41.131,
    "architecture_confidence": 79.137,
    "architecture_tenure": "Established",
    "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": 1.56,
        "rotation_up": 78.52,
        "upward_expansion": 94.49,
        "deceleration": 44.18,
        "rotation_down": 14.2,
        "downward_expansion": 16.49
      },
      "activity_lines": [
        72.0085,
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        69.007947,
        67.428345
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 72.96,
    "trend_reference": 65.485528,
    "distance_from_trend": 0.114139,
    "trend_direction": "Improving",
    "fair_value": 54.268089,
    "distance_from_fair_value": 0.344437,
    "fair_value_direction": "Improving",
    "relative_strength": 4.398708,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.142391,
    "excess_performance": -0.045063,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.114139,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07443,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.344437,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.075374,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043987,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.068453,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.142391,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.697484,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 132918,
      "relative_activity": 1.510049,
      "balance": 1.697484,
      "dry_up": 0.846371,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.028885,
      "annualized_volatility": 0.159664,
      "from_high_reference": -0.01098,
      "from_low_reference": 0.42897
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    "levels": {
      "trend_reference": 65.485528,
      "fair_value_reference": 54.268089,
      "structural_low": 59.446806,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 26,
        "median_return": -0.003018,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.011632,
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        "worst_return": -0.115901,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.106077,
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        "horizon": "Extended",
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        "worst_return": -0.111688,
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        "regime": "rotation_down",
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      },
      {
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        "relative_strength": 0.507432,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 83881.0,
        "trend": 64.068521,
        "fair_value": 53.811006,
        "relative_strength": 7.375311,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.461099,
        "energy": 89.841198,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 71.3978,
        "volume": 49376,
        "typical_volume": 82653.55,
        "trend": 64.538976,
        "fair_value": 53.959825,
        "relative_strength": 8.512093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 74.261197,
        "energy": 84.771591,
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          70.90536,
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      },
      {
        "date": "2026-07-31",
        "close": 72.0108,
        "volume": 82238,
        "typical_volume": 83991.75,
        "trend": 65.042763,
        "fair_value": 54.111012,
        "relative_strength": 8.533459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.615309,
        "energy": 78.242402,
        "activity_lines": [
          71.3639,
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          68.409686,
          66.917556
        ]
      },
      {
        "date": "2026-08-07",
        "close": 72.96,
        "volume": 132918,
        "typical_volume": 88022.3,
        "trend": 65.485528,
        "fair_value": 54.268089,
        "relative_strength": 4.398708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.013122,
        "energy": 78.882506,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}