{ "ticker": { "uuid": "19452ed7-5d30-493b-98fc-73d743e7681d", "symbol": "PRFZ", "name": "INVESCO RAFI US 1500 SMALL-MID 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.879, "architecture_energy": 56.372, "architecture_maturity": 66.457, "architecture_confidence": 62.529, "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": 13.98, "rotation_up": 51.29, "upward_expansion": 79.66, "deceleration": 69.43, "rotation_down": 27.15, "downward_expansion": 8.66 }, "activity_lines": [ 54.590853, 54.365311, 53.103267, 51.770463 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 56.0773, "trend_reference": 50.325988, "distance_from_trend": 0.114281, "trend_direction": "Improving", "fair_value": 41.330075, "distance_from_fair_value": 0.356816, "fair_value_direction": "Improving", "relative_strength": 2.012709, "relative_strength_direction": "Improving", "price_momentum": 0.151204, "excess_performance": -0.036249, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.114281, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055391, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.356816, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.064911, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020127, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.071308, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.151204, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.500968, "read": "Supply-led" } ], "volume": { "latest": 468538, "relative_activity": 0.723062, "balance": 0.500968, "dry_up": 0.666568, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.031674, "annualized_volatility": 0.167593, "from_high_reference": -0.002982, "from_low_reference": 0.358656 }, "levels": { "trend_reference": 50.325988, "fair_value_reference": 41.330075, "structural_low": 44.295, 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"2026-07-17", "close": 54.3056, "volume": 390669, "typical_volume": 660195.7, "trend": 49.585154, "fair_value": 40.953026, "relative_strength": 3.077023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.5995, "energy": 80.522887, "activity_lines": [ 54.523982, 53.677547, 52.04519, 50.879657 ] }, { "date": "2026-07-24", "close": 53.4433, "volume": 568624, "typical_volume": 663031.05, "trend": 49.806105, "fair_value": 41.069782, "relative_strength": 2.998019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.483763, "energy": 57.998197, "activity_lines": [ 54.207967, 53.79163, 52.339453, 51.128569 ] }, { "date": "2026-07-31", "close": 53.74, "volume": 299891, "typical_volume": 646228.35, "trend": 50.061848, "fair_value": 41.190546, "relative_strength": 2.875551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.501577, "energy": 48.809085, "activity_lines": [ 53.97536, 53.89009, 52.629941, 51.382369 ] }, { "date": "2026-08-07", "close": 56.0773, "volume": 468538, "typical_volume": 647991.6, "trend": 50.325988, "fair_value": 41.330075, "relative_strength": 2.012709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.878799, "energy": 56.372493, "activity_lines": [ 54.590853, 54.365311, 53.103267, 51.770463 ] } ], "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." } } }