{
  "ticker": {
    "uuid": "386ee075-ec34-426b-9b39-debce7a8a6c3",
    "symbol": "XLFQ",
    "name": "Invesco Financials S&P US Select Sector UCITS ETF",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 80.024,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.012,
    "architecture_energy": 81.953,
    "architecture_maturity": 15.123,
    "architecture_confidence": 75.069,
    "architecture_tenure": "New",
    "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": 8.86,
        "rotation_up": 79.85,
        "upward_expansion": 96.31,
        "deceleration": 42.09,
        "rotation_down": 12.58,
        "downward_expansion": 18.31
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 33565.0,
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    "distance_from_trend": 0.089039,
    "trend_direction": "Improving",
    "fair_value": 27884.850185,
    "distance_from_fair_value": 0.2037,
    "fair_value_direction": "Improving",
    "relative_strength": -0.912632,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079955,
    "excess_performance": 0.02872,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.089039,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.009019,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.2037,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.103662,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.009126,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.083444,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079955,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.24091,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5111,
      "relative_activity": 2.272364,
      "balance": 3.24091,
      "dry_up": 1.340477,
      "accumulation_observations": 3,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.023697,
      "annualized_volatility": 0.132014,
      "from_high_reference": -0.19029,
      "from_low_reference": 0.183533
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    "levels": {
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      "fair_value_reference": 27884.850185,
      "structural_low": 28360.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-04-10",
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        "date": "2026-04-17",
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      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 27564.750826,
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        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 89.96742,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3825,
        "typical_volume": 2028.2,
        "trend": 30698.916667,
        "fair_value": 27643.657878,
        "relative_strength": 0.183507,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.808535,
        "energy": 92.637719,
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      },
      {
        "date": "2026-07-24",
        "close": 33282.5,
        "volume": 1066,
        "typical_volume": 2028.65,
        "trend": 30737.666667,
        "fair_value": 27723.686724,
        "relative_strength": -0.522336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.582797,
        "energy": 91.564581,
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          31005.27957
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      },
      {
        "date": "2026-07-31",
        "close": 33322.5,
        "volume": 2058,
        "typical_volume": 2092.55,
        "trend": 30789.333333,
        "fair_value": 27803.157878,
        "relative_strength": -1.457474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.439636,
        "energy": 85.99051,
        "activity_lines": [
          33150.166667,
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      },
      {
        "date": "2026-08-07",
        "close": 33565.0,
        "volume": 5111,
        "typical_volume": 2249.2,
        "trend": 30820.75,
        "fair_value": 27884.850185,
        "relative_strength": -0.912632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.011609,
        "energy": 81.95296,
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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."
    }
  }
}