{ "ticker": { "uuid": "8073a3b0-f045-432a-9c59-5f48ea0fd4e3", "symbol": "N1ES", "name": "Invesco Markets II plc - Invesco NASDAQ-100 ESG UCITS ETF", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 51.582, "architecture_energy": 29.631, "architecture_maturity": 67.964, "architecture_confidence": 88.259, "architecture_tenure": "New", "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": 25.57, "rotation_up": 32.5, "upward_expansion": 62.76, "deceleration": 85.49, "rotation_down": 28.14, "downward_expansion": 21.76 }, "activity_lines": [ 74.003332, 74.60109, 73.797523, 71.285784 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 75.82, "trend_reference": 68.180333, "distance_from_trend": 0.112051, "trend_direction": "Improving", "fair_value": 55.224775, "distance_from_fair_value": 0.372935, "fair_value_direction": "Weakening", "relative_strength": 7.369716, "relative_strength_direction": "Weakening", "price_momentum": 0.243766, "excess_performance": 0.179127, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.112051, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063175, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.372935, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004687, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.073697, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.10091, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.243766, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.973239, "read": "Supply-led" } ], "volume": { "latest": 220365, "relative_activity": 1.33041, "balance": 0.973239, "dry_up": 2.045199, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.035306, "annualized_volatility": 0.194318, "from_high_reference": -0.022182, "from_low_reference": 0.333451 }, "levels": { "trend_reference": 68.180333, "fair_value_reference": 55.224775, "structural_low": 58.169998, "invalidation": "A 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"relative_strength": 15.146698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.00753, "energy": 65.039346, "activity_lines": [ 76.086665, 75.728726, 72.332761, 69.64873 ] }, { "date": "2026-07-17", "close": 73.459999, "volume": 459916, "typical_volume": 138160.35, "trend": 67.131999, "fair_value": 54.571218, "relative_strength": 11.370582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.803653, "energy": 52.843608, "activity_lines": [ 75.236665, 75.420181, 72.765666, 70.079935 ] }, { "date": "2026-07-24", "close": 73.389999, "volume": 202020, "typical_volume": 139095.6, "trend": 67.476999, "fair_value": 54.780769, "relative_strength": 9.636079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.704802, "energy": 43.949928, "activity_lines": [ 74.466665, 75.071271, 73.131523, 70.483677 ] }, { "date": "2026-07-31", "close": 71.879997, "volume": 472741, "typical_volume": 158874.7, "trend": 67.790333, "fair_value": 54.986667, "relative_strength": 4.881725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.350381, "energy": 27.198382, "activity_lines": [ 73.467331, 74.452362, 73.301142, 70.767741 ] }, { "date": "2026-08-07", "close": 75.82, "volume": 220365, "typical_volume": 165636.95, "trend": 68.180333, "fair_value": 55.224775, "relative_strength": 7.369716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.582115, "energy": 29.631158, "activity_lines": [ 74.003332, 74.60109, 73.797523, 71.285784 ] } ], "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." } } }