{
  "ticker": {
    "uuid": "dee356c9-b441-4b32-9b1b-b7cf6d2e38eb",
    "symbol": "FDEC",
    "name": "FT VEST U.S. EQUITY BUFFER ETF - DECEMBER",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 50.751,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.996,
    "architecture_energy": 73.845,
    "architecture_maturity": 44.478,
    "architecture_confidence": 75.459,
    "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": 11.51,
        "rotation_up": 61.18,
        "upward_expansion": 87.35,
        "deceleration": 53.59,
        "rotation_down": 25.94,
        "downward_expansion": 14.01
      },
      "activity_lines": [
        54.958453,
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        54.242952,
        53.511592
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 55.6143,
    "trend_reference": 52.686657,
    "distance_from_trend": 0.055567,
    "trend_direction": "Improving",
    "fair_value": 45.107201,
    "distance_from_fair_value": 0.232936,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.489615,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.077379,
    "excess_performance": -0.048246,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.055567,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025524,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232936,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001009,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034896,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003214,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.077379,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.397628,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 130679,
      "relative_activity": 0.824231,
      "balance": 0.397628,
      "dry_up": 0.468205,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.011683,
      "annualized_volatility": 0.082817,
      "from_high_reference": -0.000821,
      "from_low_reference": 0.169719
    },
    "levels": {
      "trend_reference": 52.686657,
      "fair_value_reference": 45.107201,
      "structural_low": 48.628,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.012432,
        "positive_rate": 0.794872,
        "directional_follow_through": 0.794872,
        "median_excess_return": -0.003426,
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        "best_return": 0.063617,
        "worst_return": -0.040124,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.007161,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": 0.010231,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": 0.129538,
        "sufficient": false
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": -2.742789,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 176134.25,
        "trend": 52.33393,
        "fair_value": 44.750122,
        "relative_strength": -1.933744,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 73.691935,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 54.4,
        "volume": 58736,
        "typical_volume": 174373.4,
        "trend": 52.432597,
        "fair_value": 44.863455,
        "relative_strength": -1.378073,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 54.8375,
        "volume": 55119,
        "typical_volume": 166479.9,
        "trend": 52.55518,
        "fair_value": 44.982771,
        "relative_strength": -1.591551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.842618,
        "energy": 69.527791,
        "activity_lines": [
          54.617053,
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          54.01207,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 55.6143,
        "volume": 130679,
        "typical_volume": 158546.5,
        "trend": 52.686657,
        "fair_value": 45.107201,
        "relative_strength": -3.489615,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.996463,
        "energy": 73.844878,
        "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."
    }
  }
}