{ "ticker": { "uuid": "746923e3-e97a-4028-92a3-a2502f4b51e8", "symbol": "IN-FF9", "name": "Invesco Markets plc - Invesco Technology S&P US Select Sector UCITS ETF", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.992, "architecture_energy": 63.187, "architecture_maturity": 95.0, "architecture_confidence": 56.992, "architecture_tenure": "Developing", "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": 21.93, "rotation_up": 27.92, "upward_expansion": 22.5, "deceleration": 66.98, "rotation_down": 47.14, "downward_expansion": 67.83 }, "activity_lines": [ 3113.533333, 3081.218182, 76044.319048, 123842.165591 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 3200.0, "trend_reference": 177944.666667, "distance_from_trend": -0.982017, "trend_direction": "Weakening", "fair_value": 219953.269231, "distance_from_fair_value": -0.985451, "fair_value_direction": "Weakening", "relative_strength": -98.716673, "relative_strength_direction": "Weakening", "price_momentum": -0.987367, "excess_performance": -1.016267, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.982017, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.340913, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.985451, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.230556, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.987167, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.78952, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.987367, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.655882, "read": "Demand-led" } ], "volume": { "latest": 214, "relative_activity": 1.422399, "balance": 1.655882, "dry_up": 1.083416, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 7.683774, "annualized_volatility": 6.333875, "from_high_reference": -0.989333, "from_low_reference": 0.086219 }, "levels": { "trend_reference": 177944.666667, 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205092.433333, "fair_value": 223040.083333, "relative_strength": -98.880474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.344958, "energy": 85.732773, "activity_lines": [ 3041.866667, 34857.745455, 121634.504762, 161168.980645 ] }, { "date": "2026-07-24", "close": 3093.0, "volume": 202, "typical_volume": 152.1, "trend": 195965.533333, "fair_value": 222012.602564, "relative_strength": -98.851266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.927373, "energy": 67.92369, "activity_lines": [ 3059.4, 18991.509091, 105237.3, 148136.75914 ] }, { "date": "2026-07-31", "close": 3074.0, "volume": 163, "typical_volume": 149.95, "trend": 186874.666667, "fair_value": 220968.012821, "relative_strength": -98.797115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.460384, "energy": 67.13221, "activity_lines": [ 3068.8, 8403.763636, 90029.747619, 135692.144086 ] }, { "date": "2026-08-07", "close": 3200.0, "volume": 214, "typical_volume": 150.45, "trend": 177944.666667, "fair_value": 219953.269231, "relative_strength": -98.716673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.991862, "energy": 63.187355, "activity_lines": [ 3113.533333, 3081.218182, 76044.319048, 123842.165591 ] } ], "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." } } }