{ "ticker": { "uuid": "aa3a6990-cb1f-4b95-aa22-2dbcfc54546e", "symbol": "XMHQ", "name": "INVESCO EXCHANGE TRADED FD TR S&P MIDCAP QUALITY 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "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": 85.261, "architecture_energy": 80.885, "architecture_maturity": 35.218, "architecture_confidence": 77.071, "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": 4.37, "rotation_up": 74.9, "upward_expansion": 93.09, "deceleration": 42.96, "rotation_down": 14.3, "downward_expansion": 17.43 }, "activity_lines": [ 115.431333, 114.060193, 112.007991, 110.302234 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 118.49, "trend_reference": 108.683656, "distance_from_trend": 0.090228, "trend_direction": "Improving", "fair_value": 97.903261, "distance_from_fair_value": 0.210276, "fair_value_direction": "Improving", "relative_strength": -0.836597, "relative_strength_direction": "Improving", "price_momentum": 0.089134, "excess_performance": -0.036491, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090228, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031961, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.210276, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052515, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008366, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.046483, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.089134, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.131328, "read": "Demand-led" } ], "volume": { "latest": 764056, "relative_activity": 0.847937, "balance": 2.131328, "dry_up": 0.934681, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025725, "annualized_volatility": 0.126156, "from_high_reference": -0.007039, "from_low_reference": 0.219386 }, "levels": { "trend_reference": 108.683656, "fair_value_reference": 97.903261, "structural_low": 99.63113, 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"activity_lines": [ 113.108667, 112.293931, 110.494779, 109.193955 ] }, { "date": "2026-07-31", "close": 114.92, "volume": 717558, "typical_volume": 917847.85, "trend": 108.30217, "fair_value": 97.646897, "relative_strength": -0.520854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.31065, "energy": 64.11885, "activity_lines": [ 113.787333, 112.912695, 111.112355, 109.644954 ] }, { "date": "2026-08-07", "close": 118.49, "volume": 764056, "typical_volume": 901076.85, "trend": 108.683656, "fair_value": 97.903261, "relative_strength": -0.836597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.260945, "energy": 80.885013, "activity_lines": [ 115.431333, 114.060193, 112.007991, 110.302234 ] } ], "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." } } }