{
  "ticker": {
    "uuid": "1cfe53a6-9505-4164-bb09-4e0eaa1df991",
    "symbol": "EQQQ",
    "name": "Invesco EQQQ NASDAQ-100 UCITS ETF",
    "exchange": "PAR",
    "country": "FR",
    "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": "^FCHI",
    "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": 45.522,
    "architecture_energy": 30.47,
    "architecture_maturity": 68.921,
    "architecture_confidence": 92.275,
    "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": 32.12,
        "rotation_up": 28.33,
        "upward_expansion": 59.9,
        "deceleration": 88.33,
        "rotation_down": 31.25,
        "downward_expansion": 21.23
      },
      "activity_lines": [
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        615.204453,
        595.844439
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 628.299988,
    "trend_reference": 571.698,
    "distance_from_trend": 0.099007,
    "trend_direction": "Improving",
    "fair_value": 466.003854,
    "distance_from_fair_value": 0.348272,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.046983,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.219562,
    "excess_performance": 0.16625,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.099007,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059485,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.348272,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01852,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.07047,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.095406,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.219562,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.512172,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7894,
      "relative_activity": 1.202199,
      "balance": 1.512172,
      "dry_up": 1.279526,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.033893,
      "annualized_volatility": 0.188322,
      "from_high_reference": -0.029653,
      "from_low_reference": 0.307205
    },
    "levels": {
      "trend_reference": 571.698,
      "fair_value_reference": 466.003854,
      "structural_low": 491.850006,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.020379,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.017268,
        "regime_survival": 0.375,
        "best_return": 0.088114,
        "worst_return": -0.010556,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.063704,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.054962,
        "regime_survival": 0.2,
        "best_return": 0.169293,
        "worst_return": 0.016064,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.121102,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.108534,
        "regime_survival": 0.0,
        "best_return": 0.210487,
        "worst_return": 0.0003,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.145471,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.09365,
        "regime_survival": 0.333333,
        "best_return": 0.286218,
        "worst_return": -0.142768,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-04-26",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2025-04-11",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.169922,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.010897,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.031713,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
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        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5876.95,
        "trend": 563.758846,
        "fair_value": 460.765878,
        "relative_strength": 9.504093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 49.972563,
        "energy": 51.127816,
        "activity_lines": [
          626.86001,
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      },
      {
        "date": "2026-07-24",
        "close": 608.5,
        "volume": 8104,
        "typical_volume": 5984.5,
        "trend": 566.359656,
        "fair_value": 462.449327,
        "relative_strength": 8.368911,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.996413,
        "energy": 40.21031,
        "activity_lines": [
          619.286674,
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      },
      {
        "date": "2026-07-31",
        "close": 595.700012,
        "volume": 9498,
        "typical_volume": 6317.7,
        "trend": 568.743671,
        "fair_value": 464.094504,
        "relative_strength": 4.191752,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.384346,
        "energy": 27.606156,
        "activity_lines": [
          610.033341,
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      },
      {
        "date": "2026-08-07",
        "close": 628.299988,
        "volume": 7894,
        "typical_volume": 6566.3,
        "trend": 571.698,
        "fair_value": 466.003854,
        "relative_strength": 7.046983,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.52183,
        "energy": 30.470173,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}