{
  "ticker": {
    "uuid": "21d9fe52-f91c-4d14-aa1c-95b1198a4621",
    "symbol": "PSR",
    "name": "INVESCO ACTIVELY MANAGED ETF TRUST ACTIVE U S REAL ESTATE FD",
    "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": 84.114,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.229,
    "architecture_energy": 61.925,
    "architecture_maturity": 36.663,
    "architecture_confidence": 72.985,
    "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": 10.13,
        "rotation_up": 63.93,
        "upward_expansion": 84.83,
        "deceleration": 51.94,
        "rotation_down": 17.59,
        "downward_expansion": 11.49
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 105.1848,
    "trend_reference": 99.39102,
    "distance_from_trend": 0.058293,
    "trend_direction": "Improving",
    "fair_value": 88.65828,
    "distance_from_fair_value": 0.186407,
    "fair_value_direction": "Improving",
    "relative_strength": -1.876718,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.123059,
    "excess_performance": -0.002566,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.058293,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050691,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.186407,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.017494,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.018767,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005293,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.123059,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.454156,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.683637,
      "balance": 0.454156,
      "dry_up": 0.614176,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.02732,
      "annualized_volatility": 0.169583,
      "from_high_reference": -0.03305,
      "from_low_reference": 0.20389
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    "levels": {
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      "fair_value_reference": 88.65828,
      "structural_low": 90.99,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "sample_count": 23,
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        "directional_follow_through": 0.478261,
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 87.992427,
        "relative_strength": -1.019345,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 6342,
        "typical_volume": 12891.6,
        "trend": 97.752384,
        "fair_value": 88.149888,
        "relative_strength": 3.763156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.264967,
        "energy": 71.508883,
        "activity_lines": [
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          100.211707
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      },
      {
        "date": "2026-07-24",
        "close": 108.3884,
        "volume": 8803,
        "typical_volume": 12760.1,
        "trend": 98.366398,
        "fair_value": 88.324871,
        "relative_strength": 5.723045,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.190539,
        "energy": 80.5029,
        "activity_lines": [
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          100.897902
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      },
      {
        "date": "2026-07-31",
        "close": 106.0852,
        "volume": 7388,
        "typical_volume": 12802.25,
        "trend": 98.90994,
        "fair_value": 88.494872,
        "relative_strength": 2.380049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.242022,
        "energy": 69.917075,
        "activity_lines": [
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          103.230694,
          101.395889
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      },
      {
        "date": "2026-08-07",
        "close": 105.1848,
        "volume": 8688,
        "typical_volume": 12708.5,
        "trend": 99.39102,
        "fair_value": 88.65828,
        "relative_strength": -1.876718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.229228,
        "energy": 61.925384,
        "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."
    }
  }
}