{ "ticker": { "uuid": "ff9030c6-2f16-43ed-8949-45f406486f02", "symbol": "FPRO", "name": "FIDELITY REAL ESTATE INVESTMENT ETF", "exchange": "CBOE", "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": 70.565, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 58.308, "architecture_energy": 46.043, "architecture_maturity": 37.402, "architecture_confidence": 64.554, "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": 16.91, "rotation_up": 55.17, "upward_expansion": 76.96, "deceleration": 60.69, "rotation_down": 19.39, "downward_expansion": 5.96 }, "activity_lines": [ 25.507633, 25.376618, 25.045819, 24.67735 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 25.3131, "trend_reference": 24.191346, "distance_from_trend": 0.04637, "trend_direction": "Improving", "fair_value": 21.495209, "distance_from_fair_value": 0.177616, "fair_value_direction": "Improving", "relative_strength": -3.12826, "relative_strength_direction": "Weakening", "price_momentum": 0.094022, "excess_performance": -0.031603, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04637, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046122, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.177616, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003283, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031283, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.001746, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.094022, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.352805, "read": "Supply-led" } ], "volume": { "latest": 32022, "relative_activity": 1.499842, "balance": 0.352805, "dry_up": 0.974216, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.030017, "annualized_volatility": 0.157664, "from_high_reference": -0.037525, "from_low_reference": 0.178334 }, "levels": { "trend_reference": 24.191346, "fair_value_reference": 21.495209, "structural_low": 22.31112, 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"relative_strength": 3.653982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.004151, "energy": 67.614904, "activity_lines": [ 25.55572, 25.281807, 24.872056, 24.503242 ] }, { "date": "2026-07-31", "close": 25.4438, "volume": 19783, "typical_volume": 20138.8, "trend": 24.087999, "fair_value": 21.453017, "relative_strength": 0.695064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.945882, "energy": 54.398433, "activity_lines": [ 25.553873, 25.34769, 24.970167, 24.598311 ] }, { "date": "2026-08-07", "close": 25.3131, "volume": 32022, "typical_volume": 21350.25, "trend": 24.191346, "fair_value": 21.495209, "relative_strength": -3.12826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.30776, "energy": 46.043485, "activity_lines": [ 25.507633, 25.376618, 25.045819, 24.67735 ] } ], "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." } } }