{ "ticker": { "uuid": "89e24a3d-4efc-4d9d-be7d-bf57b262d7f1", "symbol": "QVML", "name": "INVESCO EXCHANGE TRADED FD TR II S&P 500 QVM MULTI FACTOR 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.181, "architecture_energy": 62.925, "architecture_maturity": 47.075, "architecture_confidence": 86.736, "architecture_tenure": "Established", "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": 19.33, "rotation_up": 59.69, "upward_expansion": 82.98, "deceleration": 57.86, "rotation_down": 25.09, "downward_expansion": 9.65 }, "activity_lines": [ 44.766847, 44.420369, 43.914236, 43.003785 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 45.8683, "trend_reference": 41.967876, "distance_from_trend": 0.092938, "trend_direction": "Improving", "fair_value": 34.375815, "distance_from_fair_value": 0.334319, "fair_value_direction": "Improving", "relative_strength": 0.385381, "relative_strength_direction": "Improving", "price_momentum": 0.130021, "excess_performance": 0.004396, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092938, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035804, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.334319, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009087, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003854, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.005345, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.130021, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.414559, "read": "Demand-led" } ], "volume": { "latest": 99187, "relative_activity": 2.37004, "balance": 6.414559, "dry_up": 2.153094, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.021732, "annualized_volatility": 0.137272, "from_high_reference": -0.006319, "from_low_reference": 0.234044 }, "levels": { "trend_reference": 41.967876, "fair_value_reference": 34.375815, "structural_low": 37.2439, 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"relative_strength": 0.489482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.27506, "energy": 51.569297, "activity_lines": [ 44.058813, 44.008197, 43.402288, 42.560913 ] }, { "date": "2026-07-31", "close": 44.4409, "volume": 224387, "typical_volume": 37308.35, "trend": 41.795817, "fair_value": 34.243143, "relative_strength": 0.680584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.713335, "energy": 52.718929, "activity_lines": [ 44.21304, 44.089086, 43.603554, 42.741044 ] }, { "date": "2026-08-07", "close": 45.8683, "volume": 99187, "typical_volume": 41850.35, "trend": 41.967876, "fair_value": 34.375815, "relative_strength": 0.385381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.181044, "energy": 62.924649, "activity_lines": [ 44.766847, 44.420369, 43.914236, 43.003785 ] } ], "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." } } }