{ "ticker": { "uuid": "12d0ad20-0443-41b2-98b9-874e21bf696e", "symbol": "QQQJ", "name": "INVESCO NASDAQ NEXT GEN 100 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 75.432, "architecture_energy": 47.938, "architecture_maturity": 52.132, "architecture_confidence": 78.585, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 25.95, "rotation_up": 44.87, "upward_expansion": 73.71, "deceleration": 90.63, "rotation_down": 28.84, "downward_expansion": 11.71 }, "activity_lines": [ 44.714667, 44.637777, 43.811367, 42.45012 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 46.27, "trend_reference": 40.889237, "distance_from_trend": 0.131594, "trend_direction": "Improving", "fair_value": 31.820719, "distance_from_fair_value": 0.454084, "fair_value_direction": "Improving", "relative_strength": 4.635065, "relative_strength_direction": "Improving", "price_momentum": 0.203945, "excess_performance": 0.016491, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.131594, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.066035, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.454084, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.076177, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.046351, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.07401, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.203945, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.095994, "read": "Demand-led" } ], "volume": { "latest": 875733, "relative_activity": 1.231354, "balance": 1.095994, "dry_up": 0.907711, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.037001, "annualized_volatility": 0.196071, "from_high_reference": -0.000432, "from_low_reference": 0.41242 }, "levels": { "trend_reference": 40.889237, "fair_value_reference": 31.820719, "structural_low": 34.465, "invalidation": "A 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31.457122, "relative_strength": 3.542669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.551968, "energy": 53.788136, "activity_lines": [ 44.606784, 44.444549, 42.936865, 41.639102 ] }, { "date": "2026-07-24", "close": 43.6, "volume": 595635, "typical_volume": 717655.35, "trend": 40.419073, "fair_value": 31.568815, "relative_strength": 4.538349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.029217, "energy": 44.328065, "activity_lines": [ 44.249693, 44.356143, 43.166184, 41.857563 ] }, { "date": "2026-07-31", "close": 43.97, "volume": 503895, "typical_volume": 702012.1, "trend": 40.636291, "fair_value": 31.687207, "relative_strength": 4.700883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.149945, "energy": 35.836564, "activity_lines": [ 44.082, 44.294858, 43.39762, 42.086655 ] }, { "date": "2026-08-07", "close": 46.27, "volume": 875733, "typical_volume": 711195.25, "trend": 40.889237, "fair_value": 31.820719, "relative_strength": 4.635065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.432348, "energy": 47.93766, "activity_lines": [ 44.714667, 44.637777, 43.811367, 42.45012 ] } ], "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." } } }