{
  "ticker": {
    "uuid": "9968bb87-6e0a-41a3-87ad-a03ac270c34e",
    "symbol": "RPV",
    "name": "INVESCO EXCHANGE TRADED FD TR S&P 500 PURE VALUE 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": 77.759,
    "architecture_energy": 82.211,
    "architecture_maturity": 34.223,
    "architecture_confidence": 78.076,
    "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": 1.38,
        "rotation_up": 79.58,
        "upward_expansion": 96.38,
        "deceleration": 41.23,
        "rotation_down": 12.68,
        "downward_expansion": 18.38
      },
      "activity_lines": [
        119.100667,
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        113.462007
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 120.2,
    "trend_reference": 111.525263,
    "distance_from_trend": 0.077783,
    "trend_direction": "Improving",
    "fair_value": 90.274194,
    "distance_from_fair_value": 0.331499,
    "fair_value_direction": "Improving",
    "relative_strength": 0.957372,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.083176,
    "excess_performance": -0.042448,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.077783,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046135,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.331499,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.061186,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.009574,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030272,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.083176,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.061681,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1980686,
      "relative_activity": 2.475774,
      "balance": 7.061681,
      "dry_up": 1.15513,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.022678,
      "annualized_volatility": 0.115669,
      "from_high_reference": -0.009436,
      "from_low_reference": 0.334219
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    "levels": {
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      "fair_value_reference": 90.274194,
      "structural_low": 103.389426,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 34,
        "median_return": 0.020285,
        "positive_rate": 0.705882,
        "directional_follow_through": 0.705882,
        "median_excess_return": 0.000725,
        "regime_survival": 0.823529,
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        "worst_return": -0.157549,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.07747,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.857143,
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        "worst_return": -0.016632,
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "deceleration",
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        "regime": "balance",
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        "regime": "deceleration",
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        "regime": "rotation_down",
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        "date": "2026-04-17",
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      {
        "date": "2026-04-24",
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      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 833190.3,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 0.902015,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": 3.070732,
        "stage": 2,
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      {
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 88.578855,
        "relative_strength": 3.512418,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 751604.65,
        "trend": 109.108447,
        "fair_value": 88.855567,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 761646.65,
        "trend": 109.528989,
        "fair_value": 89.130401,
        "relative_strength": 0.939106,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 74.279374,
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      },
      {
        "date": "2026-07-17",
        "close": 118.24,
        "volume": 474028,
        "typical_volume": 767592.9,
        "trend": 110.050995,
        "fair_value": 89.409531,
        "relative_strength": 3.837073,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.952649,
        "energy": 78.924748,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 118.9,
        "volume": 569880,
        "typical_volume": 746192.6,
        "trend": 110.572022,
        "fair_value": 89.690616,
        "relative_strength": 4.845659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.169738,
        "energy": 82.457638,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 118.94,
        "volume": 671947,
        "typical_volume": 725625.35,
        "trend": 111.076496,
        "fair_value": 89.977767,
        "relative_strength": 3.559429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.15517,
        "energy": 80.734988,
        "activity_lines": [
          118.261333,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 120.2,
        "volume": 1980686,
        "typical_volume": 800026.85,
        "trend": 111.525263,
        "fair_value": 90.274194,
        "relative_strength": 0.957372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.758716,
        "energy": 82.210713,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}