{ "ticker": { "uuid": "9e2ecb5a-5700-44f5-b6a7-153910715a51", "symbol": "IN-FF8", "name": "Invesco Markets plc - Invesco STOXX Europe 600 UCITS ETF", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -52.782, "architecture_energy": 63.021, "architecture_maturity": 100.0, "architecture_confidence": 62.759, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.75, "rotation_up": 27.98, "upward_expansion": 22.5, "deceleration": 67.0, "rotation_down": 44.32, "downward_expansion": 65.5 }, "activity_lines": [ 579.553333, 571.405455, 14381.625238, 24701.172688 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 585.4, "trend_reference": 36684.546667, "distance_from_trend": -0.984042, "trend_direction": "Weakening", "fair_value": 47413.758974, "distance_from_fair_value": -0.987653, "fair_value_direction": "Weakening", "relative_strength": -98.828123, "relative_strength_direction": "Weakening", "price_momentum": -0.989598, "excess_performance": -1.018499, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.984042, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.329844, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.987653, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.048964, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988281, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.722177, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989598, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.659419, "read": "Supply-led" } ], "volume": { "latest": 3596, "relative_activity": 0.804204, "balance": 0.659419, "dry_up": 0.850889, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 7.409661, "annualized_volatility": 6.350331, "from_high_reference": -0.990054, "from_low_reference": 0.088104 }, "levels": { "trend_reference": 36684.546667, "fair_value_reference": 47413.758974, 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27019.793333, 35202.126022 ] }, { "date": "2026-07-17", "close": 569.8, "volume": 5249, "typical_volume": 4949.75, "trend": 42187.4, "fair_value": 48256.615385, "relative_strength": -98.942311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.991302, "energy": 82.546581, "activity_lines": [ 564.6, 6239.643636, 23460.478095, 32399.828817 ] }, { "date": "2026-07-24", "close": 572.1, "volume": 2915, "typical_volume": 4756.5, "trend": 40354.803333, "fair_value": 47972.205769, "relative_strength": -98.938395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.62799, "energy": 67.539303, "activity_lines": [ 568.086667, 3401.625455, 20178.954286, 29714.970753 ] }, { "date": "2026-07-31", "close": 586.9, "volume": 3459, "typical_volume": 4651.3, "trend": 38531.366667, "fair_value": 47697.826923, "relative_strength": -98.853339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.218709, "energy": 66.88793, "activity_lines": [ 575.153333, 1509.169091, 17153.30619, 27149.29957 ] }, { "date": "2026-08-07", "close": 585.4, "volume": 3596, "typical_volume": 4471.5, "trend": 36684.546667, "fair_value": 47413.758974, "relative_strength": -98.828123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.78225, "energy": 63.020646, "activity_lines": [ 579.553333, 571.405455, 14381.625238, 24701.172688 ] } ], "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." } } }