{ "ticker": { "uuid": "ff9a7f84-4a2b-412b-b56c-6c177ba8013d", "symbol": "FXN", "name": "FIRST TRUST EXCH TRADED FUND 2 ENERGY ALPHADEX FD USD", "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": 92.794, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 40.833, "architecture_energy": 33.642, "architecture_maturity": 18.847, "architecture_confidence": 62.412, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 36.08, "rotation_up": 62.45, "upward_expansion": 67.53, "deceleration": 59.1, "rotation_down": 10.12, "downward_expansion": 10.86 }, "activity_lines": [ 21.673333, 21.26735, 21.3014, 21.214105 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 21.44, "trend_reference": 20.751628, "distance_from_trend": 0.033172, "trend_direction": "Improving", "fair_value": 17.035663, "distance_from_fair_value": 0.258536, "fair_value_direction": "Weakening", "relative_strength": 1.982824, "relative_strength_direction": "Weakening", "price_momentum": 0.12605, "excess_performance": 0.000425, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033172, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.079565, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.258536, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.017088, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019828, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.06721, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.12605, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.222006, "read": "Demand-led" } ], "volume": { "latest": 1876057, "relative_activity": 0.21286, "balance": 6.222006, "dry_up": 0.226583, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.046168, "annualized_volatility": 0.255191, "from_high_reference": -0.084934, "from_low_reference": 0.44326 }, "levels": { "trend_reference": 20.751628, "fair_value_reference": 17.035663, "structural_low": 18.830784, "invalidation": "A sustained 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21.050305 ] }, { "date": "2026-07-31", "close": 22.11, "volume": 1879066, "typical_volume": 8881242.25, "trend": 20.594246, "fair_value": 17.004859, "relative_strength": 9.159259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.624906, "energy": 33.495425, "activity_lines": [ 21.612, 21.207177, 21.301173, 21.15954 ] }, { "date": "2026-08-07", "close": 21.44, "volume": 1876057, "typical_volume": 8813553.1, "trend": 20.751628, "fair_value": 17.035663, "relative_strength": 1.982824, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.833253, "energy": 33.641828, "activity_lines": [ 21.673333, 21.26735, 21.3014, 21.214105 ] } ], "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." } } }