{ "ticker": { "uuid": "e9593a26-28e7-4e39-9a02-c1dd2c1ed961", "symbol": "FELV", "name": "FIDELITY COVINGTON TRUST ENHANCED LARGE CAP VALUE 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": "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": 92.4, "architecture_energy": 93.467, "architecture_maturity": 42.766, "architecture_confidence": 81.36, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"2026-07-31", "close": 41.96, "volume": 1139586, "typical_volume": 915568.95, "trend": 37.578611, "fair_value": 31.32767, "relative_strength": 8.143133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.04455, "energy": 91.23875, "activity_lines": [ 41.364, 40.824964, 39.712197, 38.720689 ] }, { "date": "2026-08-07", "close": 42.92, "volume": 999139, "typical_volume": 849326.2, "trend": 37.829316, "fair_value": 31.409306, "relative_strength": 6.646966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.400383, "energy": 93.467208, "activity_lines": [ 41.950667, 41.292553, 40.133681, 39.065295 ] } ], "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." } } }