{ "ticker": { "uuid": "75b290f8-3a99-4464-b9c0-540a7b2ca269", "symbol": "PSCH", "name": "INVESCO S&P SMALLCAP HEALTH CARE ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 82.191, "architecture_energy": 72.218, "architecture_maturity": 47.146, "architecture_confidence": 86.055, "architecture_tenure": "Developing", "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": 4.03, "rotation_up": 69.49, "upward_expansion": 87.67, "deceleration": 63.39, "rotation_down": 22.33, "downward_expansion": 12.0 }, "activity_lines": [ 53.883127, 53.040547, 50.154067, 48.102676 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 54.99, "trend_reference": 46.025319, "distance_from_trend": 0.194777, "trend_direction": "Improving", "fair_value": 43.047833, "distance_from_fair_value": 0.277416, "fair_value_direction": "Improving", "relative_strength": 7.892201, "relative_strength_direction": "Improving", "price_momentum": 0.260309, "excess_performance": 0.072856, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.194777, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05448, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.277416, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.20774, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.078922, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.181803, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.260309, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.19861, "read": "Demand-led" } ], "volume": { "latest": 242061, "relative_activity": 2.393125, "balance": 3.19861, "dry_up": 1.688292, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.032315, "annualized_volatility": 0.202568, "from_high_reference": 0.0, "from_low_reference": 0.445685 }, "levels": { "trend_reference": 46.025319, "fair_value_reference": 43.047833, "structural_low": 39.08, "invalidation": 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49.902191, 47.192649, 45.919662 ] }, { "date": "2026-07-17", "close": 53.64, "volume": 84834, "typical_volume": 90067.3, "trend": 45.157532, "fair_value": 42.842452, "relative_strength": 10.235774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.706556, "energy": 91.736082, "activity_lines": [ 53.173207, 50.897684, 48.003454, 46.484016 ] }, { "date": "2026-07-24", "close": 52.9523, "volume": 108280, "typical_volume": 92055.35, "trend": 45.383842, "fair_value": 42.900789, "relative_strength": 10.338918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.511787, "energy": 88.615378, "activity_lines": [ 53.349473, 51.61974, 48.699683, 46.986904 ] }, { "date": "2026-07-31", "close": 53.39, "volume": 247898, "typical_volume": 92987.5, "trend": 45.701697, "fair_value": 42.965062, "relative_strength": 10.378993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.383201, "energy": 78.112622, "activity_lines": [ 53.377487, 52.263416, 49.383062, 47.50343 ] }, { "date": "2026-08-07", "close": 54.99, "volume": 242061, "typical_volume": 101148.5, "trend": 46.025319, "fair_value": 43.047833, "relative_strength": 7.892201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.190796, "energy": 72.217568, "activity_lines": [ 53.883127, 53.040547, 50.154067, 48.102676 ] } ], "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." } } }