{ "ticker": { "uuid": "525ce6be-6557-464c-8b97-cfbc4f320a3f", "symbol": "SPXD", "name": "Invesco S&P 500 UCITS ETF (Dist)", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.71, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.462, "architecture_energy": 60.519, "architecture_maturity": 60.851, "architecture_confidence": 66.514, "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": 30.83, "rotation_up": 53.33, "upward_expansion": 80.19, "deceleration": 68.62, "rotation_down": 27.46, "downward_expansion": 9.19 }, "activity_lines": [ 70.048, 69.686965, 69.067079, 67.735207 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 71.934998, "trend_reference": 66.216064, "distance_from_trend": 0.086368, "trend_direction": "Improving", "fair_value": 54.102416, "distance_from_fair_value": 0.329608, "fair_value_direction": "Improving", "relative_strength": 3.171517, "relative_strength_direction": "Weakening", "price_momentum": 0.128598, "excess_performance": 0.077363, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086368, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034556, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.329608, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005038, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.031715, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.023244, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.128598, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.63494, "read": "Supply-led" } ], "volume": { "latest": 199565, "relative_activity": 0.363054, "balance": 0.63494, "dry_up": 1.75674, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.019083, "annualized_volatility": 0.130595, "from_high_reference": -0.00436, "from_low_reference": 0.231546 }, "levels": { "trend_reference": 66.216064, "fair_value_reference": 54.102416, "structural_low": 59.110001, 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"relative_strength": 2.253171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.047557, "energy": 56.007311, "activity_lines": [ 69.409665, 69.362631, 68.175651, 66.931171 ] }, { "date": "2026-07-24", "close": 69.035004, "volume": 1872479, "typical_volume": 712527.75, "trend": 65.774948, "fair_value": 53.715922, "relative_strength": 0.581604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.697025, "energy": 53.220865, "activity_lines": [ 69.317, 69.30656, 68.41765, 67.152684 ] }, { "date": "2026-07-31", "close": 68.830002, "volume": 127719, "typical_volume": 550433.45, "trend": 65.960954, "fair_value": 53.89718, "relative_strength": -0.9377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.917208, "energy": 43.244047, "activity_lines": [ 69.182668, 69.207763, 68.611674, 67.349785 ] }, { "date": "2026-08-07", "close": 71.934998, "volume": 199565, "typical_volume": 549683.9, "trend": 66.216064, "fair_value": 54.102416, "relative_strength": 3.171517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.4623, "energy": 60.5191, "activity_lines": [ 70.048, 69.686965, 69.067079, 67.735207 ] } ], "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." } } }