{ "ticker": { "uuid": "f4b31075-5fe6-422b-8b16-ca81d67d5e2a", "symbol": "EMDM", "name": "FIRST TRUST EXCH TRADED FUND 2 BLOOMBERG EMERGING MARKET DEMOCRACIES ET", "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": 83.763, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.493, "architecture_energy": 14.923, "architecture_maturity": 62.906, "architecture_confidence": 79.288, "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": 59.63, "rotation_up": 17.2, "upward_expansion": 44.9, "deceleration": 87.81, "rotation_down": 39.79, "downward_expansion": 29.9 }, "activity_lines": [ 40.25642, 40.924626, 40.988774, 40.088601 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 40.8381, "trend_reference": 38.833551, "distance_from_trend": 0.051619, "trend_direction": "Improving", "fair_value": 25.356546, "distance_from_fair_value": 0.610555, "fair_value_direction": "Weakening", "relative_strength": 6.17668, "relative_strength_direction": "Weakening", "price_momentum": 0.116976, "excess_performance": -0.008649, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051619, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.103335, "read": "Rising" }, { "label": "Price vs 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"fair_value": 25.214908, "relative_strength": 7.91709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.593691, "energy": 17.683378, "activity_lines": [ 40.145533, 41.053913, 40.900377, 39.942387 ] }, { "date": "2026-08-07", "close": 40.8381, "volume": 53200, "typical_volume": 58834.4, "trend": 38.833551, "fair_value": 25.356546, "relative_strength": 6.17668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.49278, "energy": 14.922651, "activity_lines": [ 40.25642, 40.924626, 40.988774, 40.088601 ] } ], "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." } } }