{ "ticker": { "uuid": "ecb92697-3d67-435a-80ad-cd13bf5c3974", "symbol": "FET", "name": "Forum Energy Technologies Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 85.931, "architecture_energy": 78.303, "architecture_maturity": 22.0, "architecture_confidence": 73.159, "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": 30.57, "rotation_up": 77.51, "upward_expansion": 85.55, "deceleration": 48.64, "rotation_down": 10.76, "downward_expansion": 16.88 }, "activity_lines": [ 63.330667, 57.865091, 56.027952, 55.873527 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 74.23, "trend_reference": 54.570333, "distance_from_trend": 0.360263, "trend_direction": "Improving", "fair_value": 27.154872, "distance_from_fair_value": 1.733579, "fair_value_direction": "Improving", "relative_strength": 51.170015, "relative_strength_direction": "Improving", "price_momentum": 0.547103, "excess_performance": 0.421478, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.360263, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.1465, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.733579, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.556113, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.5117, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.128295, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.547103, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.035643, "read": "Demand-led" } ], "volume": { "latest": 1730490, "relative_activity": 2.019001, "balance": 2.035643, "dry_up": 1.19571, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.086682, "annualized_volatility": 0.519915, "from_high_reference": -0.042316, "from_low_reference": 2.503067 }, "levels": { "trend_reference": 54.570333, "fair_value_reference": 27.154872, "structural_low": 46.19, 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51.273333, 52.714, 54.857714, 53.722839 ] }, { "date": "2026-07-03", "close": 46.98, "volume": 485327, "typical_volume": 966430.55, "trend": 50.831667, "fair_value": 26.070449, "relative_strength": 6.868217, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.583668, "energy": 34.28582, "activity_lines": [ 49.884667, 51.372545, 54.024762, 53.499591 ] }, { "date": "2026-07-10", "close": 49.67, "volume": 814941, "typical_volume": 924715.7, "trend": 51.336333, "fair_value": 26.22891, "relative_strength": 10.315521, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.927978, "energy": 28.808736, "activity_lines": [ 49.608667, 50.792, 53.463333, 53.424645 ] }, { "date": "2026-07-17", "close": 52.44, "volume": 582648, "typical_volume": 847517.15, "trend": 51.895, "fair_value": 26.401987, "relative_strength": 16.826439, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.837812, "energy": 22.662462, "activity_lines": [ 50.305333, 50.88, 53.204714, 53.495849 ] }, { "date": "2026-07-24", "close": 57.86, "volume": 774563, "typical_volume": 829733.7, "trend": 52.598667, "fair_value": 26.600128, "relative_strength": 27.748797, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.559651, "energy": 6.474299, "activity_lines": [ 52.843333, 51.976545, 53.488905, 53.880688 ] }, { "date": "2026-07-31", "close": 62.67, "volume": 1011683, "typical_volume": 829009.05, "trend": 53.412333, "fair_value": 26.840321, "relative_strength": 34.588119, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.512944, "energy": 33.182308, "activity_lines": [ 56.562, 53.920545, 54.227905, 54.530452 ] }, { "date": "2026-08-07", "close": 74.23, "volume": 1730490, "typical_volume": 857102.3, "trend": 54.570333, "fair_value": 27.154872, "relative_strength": 51.170015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.930943, "energy": 78.302677, "activity_lines": [ 63.330667, 57.865091, 56.027952, 55.873527 ] } ], "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." } } }