{
  "ticker": {
    "uuid": "0db2c96c-9535-4a52-98e4-420ab0658265",
    "symbol": "XLFS",
    "name": "Invesco Financials S&P US Select Sector UCITS ETF",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "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": 81.538,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.551,
    "architecture_energy": 92.227,
    "architecture_maturity": 13.602,
    "architecture_confidence": 73.138,
    "architecture_tenure": "New",
    "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": 7.47,
        "rotation_up": 85.69,
        "upward_expansion": 99.83,
        "deceleration": 39.05,
        "rotation_down": 9.1,
        "downward_expansion": 21.83
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 452.899994,
    "trend_reference": 413.6,
    "distance_from_trend": 0.095019,
    "trend_direction": "Improving",
    "fair_value": 362.756738,
    "distance_from_fair_value": 0.248495,
    "fair_value_direction": "Improving",
    "relative_strength": 0.423368,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.071129,
    "excess_performance": 0.019893,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095019,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.01015,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.248495,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.091561,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.004234,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077789,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.071129,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.627388,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 3.206148,
      "balance": 2.627388,
      "dry_up": 1.29375,
      "accumulation_observations": 3,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.021044,
      "annualized_volatility": 0.137138,
      "from_high_reference": -0.016717,
      "from_low_reference": 0.205323
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    "levels": {
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      "fair_value_reference": 362.756738,
      "structural_low": 375.75,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "direction": -31.13526,
        "energy": 23.613995,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 411.799988,
        "volume": 9657,
        "typical_volume": 11299.6,
        "trend": 410.134376,
        "fair_value": 347.422892,
        "relative_strength": -6.807289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -13.801553,
        "energy": 21.705185,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 13875,
        "typical_volume": 11907.25,
        "trend": 409.83771,
        "fair_value": 348.464142,
        "relative_strength": -7.355551,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -19.225529,
        "energy": 21.935583,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 9451,
        "typical_volume": 12363.4,
        "trend": 409.711043,
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        "relative_strength": -7.011761,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 408.0,
        "volume": 7006,
        "typical_volume": 12657.45,
        "trend": 409.493333,
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        "relative_strength": -7.824014,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 9.769644,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 12577.8,
        "trend": 409.444167,
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        "relative_strength": -7.423672,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 533,
        "typical_volume": 11471.55,
        "trend": 409.567501,
        "fair_value": 352.586097,
        "relative_strength": -5.732051,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 658,
        "typical_volume": 10844.0,
        "trend": 409.872501,
        "fair_value": 353.651129,
        "relative_strength": -4.504281,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 410.4775,
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        "relative_strength": -3.423263,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "direction": 31.114582,
        "energy": 48.995684,
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      },
      {
        "date": "2026-06-26",
        "close": 423.899994,
        "volume": 2223,
        "typical_volume": 8227.9,
        "trend": 410.700833,
        "fair_value": 355.8302,
        "relative_strength": -3.512854,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.585147,
        "energy": 59.900098,
        "activity_lines": [
          419.109996,
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      },
      {
        "date": "2026-07-03",
        "close": 432.799988,
        "volume": 610,
        "typical_volume": 7483.95,
        "trend": 411.146666,
        "fair_value": 356.971353,
        "relative_strength": -2.793912,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 56.270701,
        "energy": 73.074805,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 437.600006,
        "volume": 4828,
        "typical_volume": 7440.55,
        "trend": 411.481667,
        "fair_value": 358.11177,
        "relative_strength": 0.159115,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 57.30842,
        "energy": 78.80947,
        "activity_lines": [
          429.999996,
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      },
      {
        "date": "2026-07-17",
        "close": 445.200012,
        "volume": 9137,
        "typical_volume": 7253.9,
        "trend": 412.051667,
        "fair_value": 359.24911,
        "relative_strength": 1.071382,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 88.675477,
        "energy": 94.574336,
        "activity_lines": [
          436.143335,
          427.630909,
          417.237976,
          413.02758
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      },
      {
        "date": "2026-07-24",
        "close": 444.049988,
        "volume": 2215,
        "typical_volume": 6726.6,
        "trend": 412.391667,
        "fair_value": 360.382956,
        "relative_strength": -0.275526,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.491757,
        "energy": 91.938409,
        "activity_lines": [
          440.223332,
          431.881816,
          420.638927,
          415.091988
        ]
      },
      {
        "date": "2026-07-31",
        "close": 448.850006,
        "volume": 2188,
        "typical_volume": 6368.6,
        "trend": 413.065,
        "fair_value": 361.548373,
        "relative_strength": -0.297327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.258843,
        "energy": 92.539,
        "activity_lines": [
          444.270001,
          436.239999,
          424.251309,
          417.444139
        ]
      },
      {
        "date": "2026-08-07",
        "close": 452.899994,
        "volume": 22049,
        "typical_volume": 6877.1,
        "trend": 413.6,
        "fair_value": 362.756738,
        "relative_strength": 0.423368,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.55102,
        "energy": 92.227019,
        "activity_lines": [
          448.003333,
          440.591816,
          427.940237,
          420.014139
        ]
      }
    ],
    "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."
    }
  }
}