{ "ticker": { "uuid": "b8fd1c01-bd98-446c-82f6-ae96a13d2a55", "symbol": "PSCT", "name": "INVESCO S&P SMALLCAP INFORMATION TECHNOLOGY ETF", "exchange": "NASDAQ", "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": "QQQ", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 36.971, "architecture_energy": 21.995, "architecture_maturity": 72.037, "architecture_confidence": 90.891, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.49, "rotation_up": 24.07, "upward_expansion": 55.24, "deceleration": 90.96, "rotation_down": 29.5, "downward_expansion": 18.91 }, "activity_lines": [ 80.869893, 82.118049, 81.338725, 77.490981 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 83.21, "trend_reference": 72.400473, "distance_from_trend": 0.149302, "trend_direction": "Improving", "fair_value": 51.943303, "distance_from_fair_value": 0.601939, "fair_value_direction": "Weakening", "relative_strength": 13.459276, "relative_strength_direction": "Weakening", "price_momentum": 0.337538, "excess_performance": 0.150085, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.149302, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.131365, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.601939, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.029709, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.134593, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.071624, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.337538, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.788358, "read": "Supply-led" } ], "volume": { "latest": 151791, "relative_activity": 0.813108, "balance": 0.788358, "dry_up": 1.097555, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.077658, "annualized_volatility": 0.259213, "from_high_reference": -0.099946, "from_low_reference": 0.828578 }, "levels": { "trend_reference": 72.400473, "fair_value_reference": 51.943303, "structural_low": 57.0, "invalidation": "A 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77.303357, 72.959962 ] }, { "date": "2026-07-03", "close": 84.1, "volume": 180638, "typical_volume": 154190.95, "trend": 68.65911, "fair_value": 50.881446, "relative_strength": 20.075489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.662838, "energy": 57.619436, "activity_lines": [ 85.28692, 84.219649, 78.467774, 74.011083 ] }, { "date": "2026-07-10", "close": 83.97, "volume": 229667, "typical_volume": 163225.25, "trend": 69.496623, "fair_value": 51.105586, "relative_strength": 17.050142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.0558, "energy": 50.266041, "activity_lines": [ 84.969593, 84.445465, 79.516606, 74.998882 ] }, { "date": "2026-07-17", "close": 79.537, "volume": 211330, "typical_volume": 168920.05, "trend": 70.22043, "fair_value": 51.30417, "relative_strength": 15.015772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.26675, "energy": 35.643752, "activity_lines": [ 82.9766, 83.717616, 80.040075, 75.646649 ] }, { "date": "2026-07-24", "close": 78.49, "volume": 185108, "typical_volume": 174400.0, "trend": 70.89443, "fair_value": 51.494121, "relative_strength": 14.621081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.123168, "energy": 24.029556, "activity_lines": [ 81.10698, 82.806185, 80.381958, 76.180169 ] }, { "date": "2026-07-31", "close": 79.6211, "volume": 271338, "typical_volume": 183377.35, "trend": 71.61909, "fair_value": 51.703301, "relative_strength": 14.853951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.515824, "energy": 22.05511, "activity_lines": [ 80.1811, 82.103318, 80.737849, 76.74318 ] }, { "date": "2026-08-07", "close": 83.21, "volume": 151791, "typical_volume": 186680.1, "trend": 72.400473, "fair_value": 51.943303, "relative_strength": 13.459276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.971055, "energy": 21.995079, "activity_lines": [ 80.869893, 82.118049, 81.338725, 77.490981 ] } ], "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." } } }