{
  "ticker": {
    "uuid": "1f2f9195-badb-4d68-9b57-7908ee4a4a22",
    "symbol": "RWK",
    "name": "INVESCO EXCHANGE TRADED FD TR II S&P MIDCAP 400 REVENUE 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.88,
    "architecture_energy": 73.865,
    "architecture_maturity": 39.079,
    "architecture_confidence": 85.432,
    "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": 1.21,
        "rotation_up": 71.17,
        "upward_expansion": 92.57,
        "deceleration": 44.64,
        "rotation_down": 20.12,
        "downward_expansion": 14.57
      },
      "activity_lines": [
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        144.567451,
        141.507095
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 151.55,
    "trend_reference": 138.236496,
    "distance_from_trend": 0.09631,
    "trend_direction": "Improving",
    "fair_value": 115.896269,
    "distance_from_fair_value": 0.307635,
    "fair_value_direction": "Improving",
    "relative_strength": 1.99052,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.090684,
    "excess_performance": -0.034941,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.09631,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050724,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.307635,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.05509,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019905,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.029347,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.090684,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.562373,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 95147,
      "relative_activity": 1.117496,
      "balance": 2.562373,
      "dry_up": 1.116691,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.026529,
      "annualized_volatility": 0.153615,
      "from_high_reference": -0.007791,
      "from_low_reference": 0.301763
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    "levels": {
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      "fair_value_reference": 115.896269,
      "structural_low": 122.997295,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.014501,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.00165,
        "regime_survival": 0.733333,
        "best_return": 0.098946,
        "worst_return": -0.081711,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
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        "horizon": "Extended",
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      },
      {
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        "worst_return": -0.120125,
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        "regime": "balance",
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        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
      {
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      },
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      },
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      },
      {
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 93462.3,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 92827.1,
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        "fair_value": 114.537777,
        "relative_strength": 1.339449,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 69.615633,
        "energy": 71.928095,
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      },
      {
        "date": "2026-07-17",
        "close": 147.7962,
        "volume": 134855,
        "typical_volume": 95815.85,
        "trend": 136.265181,
        "fair_value": 114.872108,
        "relative_strength": 3.754001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.545956,
        "energy": 75.357181,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 147.35,
        "volume": 60310,
        "typical_volume": 91144.05,
        "trend": 136.891915,
        "fair_value": 115.196568,
        "relative_strength": 3.984497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.169845,
        "energy": 69.323274,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 148.575,
        "volume": 90002,
        "typical_volume": 91694.55,
        "trend": 137.586111,
        "fair_value": 115.535581,
        "relative_strength": 3.603691,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.518727,
        "energy": 62.883715,
        "activity_lines": [
          147.658993,
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          140.606199
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      },
      {
        "date": "2026-08-07",
        "close": 151.55,
        "volume": 95147,
        "typical_volume": 85143.05,
        "trend": 138.236496,
        "fair_value": 115.896269,
        "relative_strength": 1.99052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.87996,
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        "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."
    }
  }
}