{ "ticker": { "uuid": "974084d9-5222-4d37-b966-191007a27250", "symbol": "WHCG", "name": "Invesco Markets II plc - Invesco S&P World Health Care ESG UCITS ETF Acc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 61.263, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 66.198, "architecture_energy": 50.155, "architecture_maturity": 21.374, "architecture_confidence": 69.557, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 25.76, "rotation_up": 64.94, "upward_expansion": 79.96, "deceleration": 61.78, "rotation_down": 14.37, "downward_expansion": 6.63 }, "activity_lines": [ 498.691667, 495.050909, 482.918809, 479.614945 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 501.9, "trend_reference": 479.123331, "distance_from_trend": 0.047538, "trend_direction": "Improving", "fair_value": 462.21718, "distance_from_fair_value": 0.085853, "fair_value_direction": "Improving", "relative_strength": -2.649208, "relative_strength_direction": "Improving", "price_momentum": 0.020174, "excess_performance": -0.031062, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.047538, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.001826, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.085853, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.12072, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.026492, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06757, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.020174, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.613215, "read": "Demand-led" } ], "volume": { "latest": 16158, "relative_activity": 1.548613, "balance": 1.613215, "dry_up": 2.61059, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.031273, "annualized_volatility": 0.17213, "from_high_reference": -0.184307, "from_low_reference": 0.216875 }, "levels": { "trend_reference": 479.123331, "fair_value_reference": 462.21718, "structural_low": 440.678986, "invalidation": "A 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"close": 501.45, "volume": 55298, "typical_volume": 10630.5, "trend": 478.699997, "fair_value": 461.234007, "relative_strength": -1.241204, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.618664, "energy": 65.297935, "activity_lines": [ 497.605, 490.061364, 477.822143, 477.046343 ] }, { "date": "2026-07-31", "close": 495.625, "volume": 606, "typical_volume": 9664.0, "trend": 479.011664, "fair_value": 461.739776, "relative_strength": -3.541868, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.381213, "energy": 39.529772, "activity_lines": [ 497.046667, 492.259546, 480.115238, 478.138279 ] }, { "date": "2026-08-07", "close": 501.9, "volume": 16158, "typical_volume": 10433.85, "trend": 479.123331, "fair_value": 462.21718, "relative_strength": -2.649208, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.198411, "energy": 50.15501, "activity_lines": [ 498.691667, 495.050909, 482.918809, 479.614945 ] } ], "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." } } }