{
  "ticker": {
    "uuid": "3816b9b2-30b3-4673-9268-efe409f67b0a",
    "symbol": "RFV",
    "name": "INVESCO EXCHANGE TRADED FD TR S&P MIDCAP 400 PURE VALUE 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": 73.206,
    "architecture_energy": 83.608,
    "architecture_maturity": 36.798,
    "architecture_confidence": 80.46,
    "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": 3.85,
        "rotation_up": 76.31,
        "upward_expansion": 95.42,
        "deceleration": 42.91,
        "rotation_down": 12.43,
        "downward_expansion": 19.75
      },
      "activity_lines": [
        148.998213,
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        143.890387,
        141.092284
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 149.9746,
    "trend_reference": 138.229227,
    "distance_from_trend": 0.08497,
    "trend_direction": "Improving",
    "fair_value": 118.264976,
    "distance_from_fair_value": 0.268124,
    "fair_value_direction": "Improving",
    "relative_strength": 0.180126,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.055944,
    "excess_performance": -0.069681,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08497,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044128,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.268124,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056219,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001801,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.034872,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055944,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.808927,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 45195,
      "relative_activity": 1.636394,
      "balance": 6.808927,
      "dry_up": 1.456253,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.025117,
      "annualized_volatility": 0.151385,
      "from_high_reference": -0.017719,
      "from_low_reference": 0.27558
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    "levels": {
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      "fair_value_reference": 118.264976,
      "structural_low": 123.460805,
      "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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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.003124,
        "positive_rate": 0.52,
        "directional_follow_through": 0.52,
        "median_excess_return": -0.004518,
        "regime_survival": 0.56,
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        "worst_return": -0.152479,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Full cycle",
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      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "relative_strength": -1.008375,
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        "modifier": "Re-acceleration watch",
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        "modifier": "Re-accelerating",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "relative_strength": -4.366484,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 35333.85,
        "trend": 132.387299,
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        "relative_strength": -4.23352,
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        "date": "2026-06-05",
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        "relative_strength": -1.120111,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 34312.4,
        "trend": 133.6755,
        "fair_value": 115.876653,
        "relative_strength": 1.882441,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 80.112958,
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      },
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 116.47616,
        "relative_strength": 1.678068,
        "stage": 2,
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        "energy": 76.948313,
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      },
      {
        "date": "2026-07-03",
        "close": 142.4265,
        "volume": 10261,
        "typical_volume": 29045.1,
        "trend": 135.224782,
        "fair_value": 116.761275,
        "relative_strength": -1.224626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-10",
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        "volume": 24806,
        "typical_volume": 28580.75,
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        "fair_value": 117.042196,
        "relative_strength": -0.784213,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 69.41153,
        "energy": 57.367783,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 148.3477,
        "volume": 53661,
        "typical_volume": 29169.4,
        "trend": 136.329025,
        "fair_value": 117.345624,
        "relative_strength": 3.241644,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.656464,
        "energy": 71.308201,
        "activity_lines": [
          145.183352,
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          140.752901,
          138.700756
        ]
      },
      {
        "date": "2026-07-24",
        "close": 148.7484,
        "volume": 31081,
        "typical_volume": 28890.9,
        "trend": 136.988402,
        "fair_value": 117.637123,
        "relative_strength": 4.128994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.076511,
        "energy": 74.502508,
        "activity_lines": [
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          145.048324,
          141.840232,
          139.502006
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      },
      {
        "date": "2026-07-31",
        "close": 149.3403,
        "volume": 30942,
        "typical_volume": 27748.1,
        "trend": 137.677202,
        "fair_value": 117.944551,
        "relative_strength": 3.324962,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.767718,
        "energy": 82.650189,
        "activity_lines": [
          147.917433,
          146.095078,
          142.891964,
          140.298903
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      },
      {
        "date": "2026-08-07",
        "close": 149.9746,
        "volume": 45195,
        "typical_volume": 27618.65,
        "trend": 138.229227,
        "fair_value": 118.264976,
        "relative_strength": 0.180126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.205566,
        "energy": 83.607995,
        "activity_lines": [
          148.998213,
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          141.092284
        ]
      }
    ],
    "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."
    }
  }
}