{ "ticker": { "uuid": "b44f236f-6df1-44ab-a263-e5c38d73b339", "symbol": "XSHQ", "name": "INVESCO S&P SMALLCAP QUALITY ETF", "exchange": "CBOE", "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": 80.025, "architecture_energy": 57.692, "architecture_maturity": 47.429, "architecture_confidence": 81.366, "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": 6.79, "rotation_up": 63.46, "upward_expansion": 83.76, "deceleration": 59.35, "rotation_down": 22.04, "downward_expansion": 8.1 }, "activity_lines": [ 48.25652, 47.904236, 46.99669, 46.094863 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 49.395, "trend_reference": 45.150188, "distance_from_trend": 0.094015, "trend_direction": "Improving", "fair_value": 40.747052, "distance_from_fair_value": 0.212235, "fair_value_direction": "Improving", "relative_strength": 0.077235, "relative_strength_direction": "Improving", "price_momentum": 0.094571, "excess_performance": -0.031054, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094015, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040702, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.212235, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.056261, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000772, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.037172, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.094571, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.281346, "read": "Demand-led" } ], "volume": { "latest": 177713, "relative_activity": 0.896988, "balance": 2.281346, "dry_up": 2.241192, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.029488, "annualized_volatility": 0.137679, "from_high_reference": -0.019238, "from_low_reference": 0.245881 }, "levels": { "trend_reference": 45.150188, "fair_value_reference": 40.747052, "structural_low": 40.983124, 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"typical_volume": 135362.95, "trend": 44.625243, "fair_value": 40.520056, "relative_strength": 0.504536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.072047, "energy": 72.143821, "activity_lines": [ 47.686104, 47.181707, 46.162776, 45.430849 ] }, { "date": "2026-07-24", "close": 47.15, "volume": 99844, "typical_volume": 135461.85, "trend": 44.763397, "fair_value": 40.587679, "relative_strength": -0.091922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.641575, "energy": 50.638673, "activity_lines": [ 47.53704, 47.274656, 46.364802, 45.593736 ] }, { "date": "2026-07-31", "close": 48.09, "volume": 1421295, "typical_volume": 199035.75, "trend": 44.954136, "fair_value": 40.662555, "relative_strength": 0.815871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.773966, "energy": 50.668043, "activity_lines": [ 47.685947, 47.492897, 46.634101, 45.808356 ] }, { "date": "2026-08-07", "close": 49.395, "volume": 177713, "typical_volume": 198121.95, "trend": 45.150188, "fair_value": 40.747052, "relative_strength": 0.077235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.025382, "energy": 57.692154, "activity_lines": [ 48.25652, 47.904236, 46.99669, 46.094863 ] } ], "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." } } }