{ "ticker": { "uuid": "54a174e8-7e25-446a-a282-6fc29da16504", "symbol": "IIGD", "name": "INVESCO EXCHANGE TRADED SELF IDX FT INVESTMENT GRADE DEFENSIVE 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 83.564, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.815, "architecture_energy": 33.64, "architecture_maturity": 4.131, "architecture_confidence": 90.5, "architecture_tenure": "New", "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": 36.35, "rotation_up": 18.16, "upward_expansion": 4.72, "deceleration": 45.92, "rotation_down": 50.56, "downward_expansion": 78.05 }, "activity_lines": [ 24.332138, 24.34496, 24.368445, 24.393924 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 24.39, "trend_reference": 24.430054, "distance_from_trend": -0.00164, "trend_direction": "Improving", "fair_value": 23.068095, "distance_from_fair_value": 0.057304, "fair_value_direction": "Weakening", "relative_strength": -10.847086, "relative_strength_direction": "Weakening", "price_momentum": -0.005675, "excess_performance": -0.1313, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00164, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000166, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.057304, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015657, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108471, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006692, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.005675, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.228154, "read": "Demand-led" } ], "volume": { "latest": 15763, "relative_activity": 0.527718, "balance": 1.228154, "dry_up": 0.586824, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.00512, "annualized_volatility": 0.027534, "from_high_reference": -0.012237, "from_low_reference": 0.021508 }, "levels": { "trend_reference": 24.430054, "fair_value_reference": 23.068095, "structural_low": 24.215096, 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"gate": "down", "direction": -47.564135, "energy": 23.836916, "activity_lines": [ 24.363496, 24.369263, 24.390417, 24.416753 ] }, { "date": "2026-07-24", "close": 24.2615, "volume": 7475, "typical_volume": 37512.8, "trend": 24.434946, "fair_value": 23.026455, "relative_strength": -7.832064, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.835208, "energy": 46.584788, "activity_lines": [ 24.329071, 24.350162, 24.376673, 24.405225 ] }, { "date": "2026-07-31", "close": 24.3008, "volume": 6400, "typical_volume": 33279.65, "trend": 24.431013, "fair_value": 23.046696, "relative_strength": -8.369869, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.563949, "energy": 49.542136, "activity_lines": [ 24.311906, 24.339133, 24.368157, 24.39657 ] }, { "date": "2026-08-07", "close": 24.39, "volume": 15763, "typical_volume": 29870.1, "trend": 24.430054, "fair_value": 23.068095, "relative_strength": -10.847086, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.815006, "energy": 33.639533, "activity_lines": [ 24.332138, 24.34496, 24.368445, 24.393924 ] } ], "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." } } }