{ "ticker": { "uuid": "1da39232-c1f1-4c1a-a364-442be2e4993e", "symbol": "PBE", "name": "INVESCO EXCHANGE TRADED FD TR BIOTECHNOLOGY & GENOME ETF", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.692, "architecture_energy": 64.33, "architecture_maturity": 33.79, "architecture_confidence": 86.237, "architecture_tenure": "Developing", "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": 13.43, "rotation_up": 62.81, "upward_expansion": 84.13, "deceleration": 64.05, "rotation_down": 21.82, "downward_expansion": 10.79 }, "activity_lines": [ 90.9505, 90.088383, 86.917826, 84.874744 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 92.7617, "trend_reference": 82.959973, "distance_from_trend": 0.11815, "trend_direction": "Improving", "fair_value": 69.046679, "distance_from_fair_value": 0.343464, "fair_value_direction": "Improving", "relative_strength": 4.085367, "relative_strength_direction": "Improving", "price_momentum": 0.11117, "excess_performance": -0.014455, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.11815, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032279, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.343464, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.123934, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.040854, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.05505, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.11117, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.68981, "read": "Demand-led" } ], "volume": { "latest": 869838, "relative_activity": 12.126735, "balance": 6.68981, "dry_up": 3.25797, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.033104, "annualized_volatility": 0.183544, "from_high_reference": -0.013803, "from_low_reference": 0.445513 }, "levels": { "trend_reference": 82.959973, "fair_value_reference": 69.046679, "structural_low": 75.5001, 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"activity_lines": [ 90.611668, 87.948224, 84.664341, 83.278108 ] }, { "date": "2026-07-24", "close": 89.5925, "volume": 37520, "typical_volume": 32876.8, "trend": 82.389139, "fair_value": 68.660305, "relative_strength": 5.769176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.59595, "energy": 86.60224, "activity_lines": [ 90.624453, 88.633479, 85.373526, 83.755448 ] }, { "date": "2026-07-31", "close": 89.6108, "volume": 17387, "typical_volume": 31254.0, "trend": 82.634274, "fair_value": 68.845965, "relative_strength": 4.39199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.60744, "energy": 60.821002, "activity_lines": [ 90.259733, 89.149393, 86.027806, 84.221362 ] }, { "date": "2026-08-07", "close": 92.7617, "volume": 869838, "typical_volume": 71728.95, "trend": 82.959973, "fair_value": 69.046679, "relative_strength": 4.085367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.691742, "energy": 64.329694, "activity_lines": [ 90.9505, 90.088383, 86.917826, 84.874744 ] } ], "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." } } }