{ "ticker": { "uuid": "35f1b660-a9de-47a2-b9ad-8d52d2530eb1", "symbol": "IN-FF6", "name": "Invesco Markets plc - Invesco MSCI Emerging Markets UCITS ETF", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.022, "architecture_energy": 67.804, "architecture_maturity": 95.0, "architecture_confidence": 95.722, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 7.88, "rotation_up": 29.95, "upward_expansion": 12.0, "deceleration": 60.98, "rotation_down": 56.28, "downward_expansion": 85.33 }, "activity_lines": [ 250.126667, 251.809091, 6461.65, 10792.953763 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 249.9, "trend_reference": 15712.156667, "distance_from_trend": -0.984095, "trend_direction": "Weakening", "fair_value": 18674.389103, "distance_from_fair_value": -0.986618, "fair_value_direction": "Weakening", "relative_strength": -98.785206, "relative_strength_direction": "Weakening", "price_momentum": -0.989196, "excess_performance": -1.018096, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.984095, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.31603, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.986618, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.244551, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.987852, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.843257, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989196, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.569006, "read": "Supply-led" } ], "volume": { "latest": 18663, "relative_activity": 1.112287, "balance": 0.569006, "dry_up": 1.310183, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 8.302521, "annualized_volatility": 6.37354, "from_high_reference": -0.990227, "from_low_reference": 0.048238 }, "levels": { "trend_reference": 15712.156667, "fair_value_reference": 18674.389103, 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-68.677596, "energy": 89.028, "activity_lines": [ 256.22, 4617.750909, 11980.201429, 15256.297419 ] }, { "date": "2026-07-17", "close": 243.6, "volume": 24778, "typical_volume": 14793.05, "trend": 17910.406667, "fair_value": 19009.052564, "relative_strength": -98.896178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.739485, "energy": 86.589666, "activity_lines": [ 252.08, 2868.067273, 10432.69381, 14070.704731 ] }, { "date": "2026-07-24", "close": 250.0, "volume": 20093, "typical_volume": 15239.05, "trend": 17188.073333, "fair_value": 18895.783333, "relative_strength": -98.869729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.594508, "energy": 68.846457, "activity_lines": [ 250.506667, 1563.663636, 9002.445238, 12931.323656 ] }, { "date": "2026-07-31", "close": 252.6, "volume": 24400, "typical_volume": 16139.2, "trend": 16459.16, "fair_value": 18785.351282, "relative_strength": -98.799461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.12427, "energy": 68.058721, "activity_lines": [ 250.726667, 693.187273, 7679.015714, 11838.712473 ] }, { "date": "2026-08-07", "close": 249.9, "volume": 18663, "typical_volume": 16778.95, "trend": 15712.156667, "fair_value": 18674.389103, "relative_strength": -98.785206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.021673, "energy": 67.803834, "activity_lines": [ 250.126667, 251.809091, 6461.65, 10792.953763 ] } ], "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." } } }