{ "ticker": { "uuid": "1e9bacaa-03a6-42ba-8980-8d0d91ae923a", "symbol": "IQI", "name": "Invesco Quality Municipal Income Trust", "exchange": "NYSE", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 71.651, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 49.932, "architecture_energy": 28.256, "architecture_maturity": 47.447, "architecture_confidence": 61.681, "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": 26.8, "rotation_up": 41.4, "upward_expansion": 66.79, "deceleration": 81.75, "rotation_down": 24.59, "downward_expansion": 14.46 }, "activity_lines": [ 10.013839, 10.029192, 9.933965, 9.871552 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 10.09, "trend_reference": 9.817522, "distance_from_trend": 0.027754, "trend_direction": "Improving", "fair_value": 8.777474, "distance_from_fair_value": 0.149533, "fair_value_direction": "Improving", "relative_strength": -6.699787, "relative_strength_direction": "Weakening", "price_momentum": 0.03808, "excess_performance": -0.087544, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027754, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01446, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.149533, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00717, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066998, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004292, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.03808, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.738905, "read": "Supply-led" } ], "volume": { "latest": 671497, "relative_activity": 0.897233, "balance": 0.738905, "dry_up": 1.058682, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.021521, "annualized_volatility": 0.125899, "from_high_reference": -0.023224, "from_low_reference": 0.159107 }, "levels": { "trend_reference": 9.817522, "fair_value_reference": 8.777474, "structural_low": 9.08545, 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76.351224, "activity_lines": [ 10.087895, 9.979433, 9.850015, 9.813916 ] }, { "date": "2026-07-17", "close": 10.13, "volume": 1052867, "typical_volume": 720798.15, "trend": 9.781658, "fair_value": 8.734318, "relative_strength": -2.824464, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.685467, "energy": 72.722585, "activity_lines": [ 10.115967, 10.022174, 9.883617, 9.837525 ] }, { "date": "2026-07-24", "close": 9.95, "volume": 806723, "typical_volume": 736513.95, "trend": 9.795514, "fair_value": 8.74798, "relative_strength": -3.960033, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.026659, "energy": 56.789069, "activity_lines": [ 10.069796, 10.026462, 9.899057, 9.848386 ] }, { "date": "2026-07-31", "close": 9.87, "volume": 638220, "typical_volume": 746011.65, "trend": 9.805419, "fair_value": 8.762179, "relative_strength": -5.645474, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.137088, "energy": 30.171719, "activity_lines": [ 10.000864, 10.010195, 9.90625, 9.853192 ] }, { "date": "2026-08-07", "close": 10.09, "volume": 671497, "typical_volume": 748408.6, "trend": 9.817522, "fair_value": 8.777474, "relative_strength": -6.699787, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.932411, "energy": 28.256303, "activity_lines": [ 10.013839, 10.029192, 9.933965, 9.871552 ] } ], "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." } } }