{ "ticker": { "uuid": "f2cd38df-607c-419c-8332-209ba7356289", "symbol": "FSYD", "name": "FIDELITY COVINGTON TRUST SUSTAINABLE HIGH YIELD 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 24.954, "architecture_energy": 15.493, "architecture_maturity": 38.693, "architecture_confidence": 75.51, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 53.86, "rotation_up": 24.4, "upward_expansion": 47.56, "deceleration": 82.76, "rotation_down": 32.03, "downward_expansion": 27.89 }, "activity_lines": [ 48.258387, 48.303788, 48.33578, 48.198948 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 48.46, "trend_reference": 48.037458, "distance_from_trend": 0.008796, "trend_direction": "Improving", "fair_value": 43.536063, "distance_from_fair_value": 0.1131, "fair_value_direction": "Weakening", "relative_strength": -8.984651, "relative_strength_direction": "Weakening", "price_momentum": 0.014926, "excess_performance": -0.110699, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008796, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010231, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.1131, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023596, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.089847, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.014947, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.014926, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.053953, "read": "Demand-led" } ], "volume": { "latest": 147079, "relative_activity": 1.304008, "balance": 1.053953, "dry_up": 1.114317, "accumulation_observations": 5, "distribution_observations": 5 }, "risk": { "range_context": 0.006914, "annualized_volatility": 0.046577, "from_high_reference": -0.006805, "from_low_reference": 0.07091 }, "levels": { "trend_reference": 48.037458, "fair_value_reference": 43.536063, "structural_low": 46.708741, "invalidation": "A 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"Re-accelerating", "gate": "up", "direction": 44.632543, "energy": 31.714818, "activity_lines": [ 48.427301, 48.432662, 48.258916, 48.09724 ] }, { "date": "2026-07-10", "close": 48.345946, "volume": 114742, "typical_volume": 116131.15, "trend": 47.90786, "fair_value": 43.269108, "relative_strength": -7.841069, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.378613, "energy": 25.697608, "activity_lines": [ 48.392078, 48.420715, 48.287037, 48.128346 ] }, { "date": "2026-07-17", "close": 48.316109, "volume": 101417, "typical_volume": 113637.35, "trend": 47.949947, "fair_value": 43.335768, "relative_strength": -6.252806, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.138992, "energy": 20.842552, "activity_lines": [ 48.348131, 48.402878, 48.31098, 48.154684 ] }, { "date": "2026-07-24", "close": 48.052549, "volume": 125637, "typical_volume": 113254.7, "trend": 47.978727, "fair_value": 43.400875, "relative_strength": -6.033853, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.33702, "energy": 15.556843, "activity_lines": [ 48.236122, 48.33947, 48.308102, 48.161304 ] }, { "date": "2026-07-31", "close": 48.11, "volume": 128602, "typical_volume": 109393.85, "trend": 48.007781, "fair_value": 43.467201, "relative_strength": -6.709679, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.568835, "energy": 12.81576, "activity_lines": [ 48.183926, 48.287888, 48.307896, 48.169773 ] }, { "date": "2026-08-07", "close": 48.46, "volume": 147079, "typical_volume": 112789.95, "trend": 48.037458, "fair_value": 43.536063, "relative_strength": -8.984651, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.953713, "energy": 15.492541, "activity_lines": [ 48.258387, 48.303788, 48.33578, 48.198948 ] } ], "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." } } }