{ "ticker": { "uuid": "fa0821f0-9832-4e75-b815-6bbd80aebc80", "symbol": "FAB", "name": "FIRST TRUST MULTI CAP VALUE ALPHADEX FUND", "exchange": "NASDAQ", "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": "QQQ", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.399, "architecture_energy": 81.528, "architecture_maturity": 38.881, "architecture_confidence": 72.453, "architecture_tenure": "Established", "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": 2.42, "rotation_up": 81.51, "upward_expansion": 95.49, "deceleration": 41.89, "rotation_down": 11.44, "downward_expansion": 17.49 }, "activity_lines": [ 105.259087, 103.892603, 101.599625, 100.027257 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 106.6247, "trend_reference": 98.180072, "distance_from_trend": 0.086012, "trend_direction": "Improving", "fair_value": 82.314639, "distance_from_fair_value": 0.295331, "fair_value_direction": "Improving", "relative_strength": -0.026842, "relative_strength_direction": "Improving", "price_momentum": 0.091606, "excess_performance": -0.095848, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086012, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051443, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.295331, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068916, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000268, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079111, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.091606, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.817393, "read": "Demand-led" } ], "volume": { "latest": 116322, "relative_activity": 2.831952, "balance": 2.817393, "dry_up": 3.074083, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.024326, "annualized_volatility": 0.12086, "from_high_reference": -0.007773, "from_low_reference": 0.314569 }, "levels": { "trend_reference": 98.180072, "fair_value_reference": 82.314639, "structural_low": 91.317138, 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3.850654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.759419, "energy": 82.007039, "activity_lines": [ 103.582307, 102.248938, 100.21399, 98.924385 ] }, { "date": "2026-07-31", "close": 105.3623, "volume": 77932, "typical_volume": 35643.25, "trend": 97.709505, "fair_value": 82.08577, "relative_strength": 3.888816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.532554, "energy": 77.772106, "activity_lines": [ 104.311027, 103.024203, 100.876501, 99.452083 ] }, { "date": "2026-08-07", "close": 106.6247, "volume": 116322, "typical_volume": 41074.85, "trend": 98.180072, "fair_value": 82.314639, "relative_strength": -0.026842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.39896, "energy": 81.528167, "activity_lines": [ 105.259087, 103.892603, 101.599625, 100.027257 ] } ], "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." } } }