{ "ticker": { "uuid": "f1f0e122-6b38-4cab-b216-c23fd403d43c", "symbol": "FCFY", "name": "FIRST TRUST EXCHANGE TRADED FUND S&P 500 DIVERSIFIED FREE CASH FLOW ETF U", "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": 72.632, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 91.011, "architecture_energy": 86.85, "architecture_maturity": 14.46, "architecture_confidence": 66.792, "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": 15.8, "rotation_up": 84.4, "upward_expansion": 96.73, "deceleration": 39.17, "rotation_down": 9.91, "downward_expansion": 18.73 }, "activity_lines": [ 28.763953, 28.23935, 27.800939, 27.379725 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 29.9016, "trend_reference": 27.042037, "distance_from_trend": 0.105745, "trend_direction": "Improving", "fair_value": 23.866843, "distance_from_fair_value": 0.252851, "fair_value_direction": "Improving", "relative_strength": -1.072881, "relative_strength_direction": "Improving", "price_momentum": 0.097189, "excess_performance": -0.028436, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105745, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.009598, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.252851, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.102367, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.010729, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066852, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.097189, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.371268, "read": "Demand-led" } ], "volume": { "latest": 1418, "relative_activity": 1.099267, "balance": 1.371268, "dry_up": 1.62797, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.027578, "annualized_volatility": 0.168007, "from_high_reference": 0.0, "from_low_reference": 0.204358 }, "levels": { "trend_reference": 27.042037, "fair_value_reference": 23.866843, "structural_low": 24.9167, "invalidation": "A 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{ "date": "2026-08-07", "close": 29.9016, "volume": 1418, "typical_volume": 1289.95, "trend": 27.042037, "fair_value": 23.866843, "relative_strength": -1.072881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.011349, "energy": 86.850236, "activity_lines": [ 28.763953, 28.23935, 27.800939, 27.379725 ] } ], "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." } } }