{ "ticker": { "uuid": "fcaa151d-71bf-4022-9b3e-e5badae1865b", "symbol": "FSGS", "name": "FIRST TRUST SMID GROWTH STRENGTH ETF", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.16, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 90.481, "architecture_energy": 86.846, "architecture_maturity": 17.298, "architecture_confidence": 60.764, "architecture_tenure": "Developing", "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": 12.71, "rotation_up": 80.13, "upward_expansion": 94.67, "deceleration": 42.52, "rotation_down": 11.38, "downward_expansion": 19.0 }, "activity_lines": [ 32.687847, 32.26528, 31.672016, 31.256757 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 33.7619, "trend_reference": 30.939417, "distance_from_trend": 0.091226, "trend_direction": "Improving", "fair_value": 28.980891, "distance_from_fair_value": 0.164971, "fair_value_direction": "Improving", "relative_strength": -4.717946, "relative_strength_direction": "Improving", "price_momentum": 0.088595, "excess_performance": -0.098859, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091226, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012969, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.164971, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.075714, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.047179, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.107478, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.088595, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.422115, "read": "Supply-led" } ], "volume": { "latest": 11270, "relative_activity": 1.025669, "balance": 0.422115, "dry_up": 0.502869, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.022648, "annualized_volatility": 0.143679, "from_high_reference": 0.0, "from_low_reference": 0.190896 }, "levels": { "trend_reference": 30.939417, "fair_value_reference": 28.980891, "structural_low": 28.35, 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30.832543, 30.722173 ] }, { "date": "2026-07-10", "close": 32.0905, "volume": 3864, "typical_volume": 11079.7, "trend": 30.743277, "fair_value": 28.832492, "relative_strength": -10.769191, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.766944, "energy": 72.591153, "activity_lines": [ 31.796402, 31.436232, 30.983619, 30.811317 ] }, { "date": "2026-07-17", "close": 32.1502, "volume": 1744, "typical_volume": 10871.85, "trend": 30.781981, "fair_value": 28.868096, "relative_strength": -6.451471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.273042, "energy": 78.972947, "activity_lines": [ 31.974417, 31.611671, 31.13274, 30.902086 ] }, { "date": "2026-07-24", "close": 31.6355, "volume": 6954, "typical_volume": 10978.4, "trend": 30.801451, "fair_value": 28.89874, "relative_strength": -6.153299, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.669652, "energy": 71.741979, "activity_lines": [ 31.927067, 31.673213, 31.225847, 30.957152 ] }, { "date": "2026-07-31", "close": 32.5527, "volume": 2134, "typical_volume": 10596.2, "trend": 30.869277, "fair_value": 28.935017, "relative_strength": -3.693272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.22735, "energy": 74.270563, "activity_lines": [ 32.13908, 31.874873, 31.399095, 31.070136 ] }, { "date": "2026-08-07", "close": 33.7619, "volume": 11270, "typical_volume": 10987.95, "trend": 30.939417, "fair_value": 28.980891, "relative_strength": -4.717946, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.481113, "energy": 86.845914, "activity_lines": [ 32.687847, 32.26528, 31.672016, 31.256757 ] } ], "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." } } }