{ "ticker": { "uuid": "5d56fe72-3a88-436b-bde2-47e0886e72f4", "symbol": "PHDG", "name": "INVESCO ACTIVELY MANAGED ETF TRUST S&P 500 DOWNSIDE HEDGED 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": 56.105, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 61.387, "architecture_energy": 33.032, "architecture_maturity": 41.201, "architecture_confidence": 75.178, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.24, "rotation_up": 35.51, "upward_expansion": 65.42, "deceleration": 94.95, "rotation_down": 26.34, "downward_expansion": 8.09 }, "activity_lines": [ 41.21702, 41.114939, 41.114369, 40.560604 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 41.907, "trend_reference": 39.760077, "distance_from_trend": 0.053997, "trend_direction": "Improving", "fair_value": 35.914777, "distance_from_fair_value": 0.166846, "fair_value_direction": "Weakening", "relative_strength": -3.229287, "relative_strength_direction": "Weakening", "price_momentum": 0.108412, "excess_performance": -0.017213, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053997, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03087, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.166846, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015136, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032293, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.031688, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.108412, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.101623, "read": "Supply-led" } ], "volume": { "latest": 13237, "relative_activity": 0.18343, "balance": 0.101623, "dry_up": 1.180518, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.023801, "annualized_volatility": 0.093355, "from_high_reference": -0.031076, "from_low_reference": 0.216733 }, "levels": { "trend_reference": 39.760077, "fair_value_reference": 35.914777, "structural_low": 37.32, "invalidation": "A 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40.812256, 40.139753 ] }, { "date": "2026-07-17", "close": 40.792, "volume": 39140, "typical_volume": 58870.6, "trend": 39.403428, "fair_value": 35.7364, "relative_strength": -2.196318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.839413, "energy": 20.870744, "activity_lines": [ 40.951105, 41.167556, 40.878461, 40.237083 ] }, { "date": "2026-07-24", "close": 40.6796, "volume": 273574, "typical_volume": 72004.75, "trend": 39.500358, "fair_value": 35.790056, "relative_strength": -1.84217, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.343497, "energy": 19.405929, "activity_lines": [ 40.856847, 41.042044, 40.920506, 40.319416 ] }, { "date": "2026-07-31", "close": 40.9569, "volume": 14811, "typical_volume": 72038.4, "trend": 39.625126, "fair_value": 35.848886, "relative_strength": -2.187217, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.460528, "energy": 18.800243, "activity_lines": [ 40.891, 40.98381, 40.979053, 40.413387 ] }, { "date": "2026-08-07", "close": 41.907, "volume": 13237, "typical_volume": 72163.65, "trend": 39.760077, "fair_value": 35.914777, "relative_strength": -3.229287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.387108, "energy": 33.031652, "activity_lines": [ 41.21702, 41.114939, 41.114369, 40.560604 ] } ], "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." } } }