{
  "ticker": {
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    "symbol": "PDBA",
    "name": "Invesco Agriculture Commodity Strategy No K-1 ETF",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "etf"
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  "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.",
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    "as_of": "2026-08-07",
    "benchmark": "QQQ",
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    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
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    "architecture_regime": "upward_expansion",
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    "architecture_modifier": "Re-accelerating",
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    "architecture_direction": 55.081,
    "architecture_energy": 57.864,
    "architecture_maturity": 6.19,
    "architecture_confidence": 66.336,
    "architecture_tenure": "New",
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        "balance": 30.23,
        "rotation_up": 63.2,
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      "activity_direction": "Expanding",
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 35.2,
        "volume": 1198721,
        "typical_volume": 1174949.25,
        "trend": 35.142446,
        "fair_value": 31.552362,
        "relative_strength": -13.119024,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.68873,
        "energy": 15.850188,
        "activity_lines": [
          36.201347,
          36.454305,
          36.171487,
          35.733386
        ]
      },
      {
        "date": "2026-06-12",
        "close": 35.03,
        "volume": 723558,
        "typical_volume": 1206131.2,
        "trend": 35.191363,
        "fair_value": 31.611218,
        "relative_strength": -14.991538,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.792764,
        "energy": 19.360014,
        "activity_lines": [
          35.70084,
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          36.104766,
          35.726131
        ]
      },
      {
        "date": "2026-06-19",
        "close": 35.52,
        "volume": 871023,
        "typical_volume": 1241244.6,
        "trend": 35.264517,
        "fair_value": 31.676453,
        "relative_strength": -15.562723,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.190425,
        "energy": 24.024104,
        "activity_lines": [
          35.512667,
          36.048055,
          36.081284,
          35.747334
        ]
      },
      {
        "date": "2026-06-26",
        "close": 35.72,
        "volume": 3245148,
        "typical_volume": 1396590.8,
        "trend": 35.322227,
        "fair_value": 31.746156,
        "relative_strength": -10.74021,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.250153,
        "energy": 23.472808,
        "activity_lines": [
          35.498,
          35.942644,
          36.070468,
          35.77672
        ]
      },
      {
        "date": "2026-07-03",
        "close": 35.69,
        "volume": 2734684,
        "typical_volume": 1523233.7,
        "trend": 35.370563,
        "fair_value": 31.81541,
        "relative_strength": -11.268327,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.274639,
        "energy": 16.745547,
        "activity_lines": [
          35.543333,
          35.834324,
          36.050224,
          35.800447
        ]
      },
      {
        "date": "2026-07-10",
        "close": 36.98,
        "volume": 1274061,
        "typical_volume": 1575257.9,
        "trend": 35.46577,
        "fair_value": 31.889181,
        "relative_strength": -9.411074,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.23723,
        "energy": 20.250304,
        "activity_lines": [
          36.059333,
          35.974731,
          36.146456,
          35.904281
        ]
      },
      {
        "date": "2026-07-17",
        "close": 37.115,
        "volume": 220893,
        "typical_volume": 1566513.35,
        "trend": 35.57838,
        "fair_value": 31.960658,
        "relative_strength": -4.922509,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.62843,
        "energy": 32.704877,
        "activity_lines": [
          36.501667,
          36.148411,
          36.244497,
          36.010683
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.7139,
        "volume": 401783,
        "typical_volume": 1554573.3,
        "trend": 35.694343,
        "fair_value": 32.036384,
        "relative_strength": -1.671318,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 70.611841,
        "energy": 55.471718,
        "activity_lines": [
          37.004633,
          36.433709,
          36.388169,
          36.148459
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.73,
        "volume": 408263,
        "typical_volume": 1526091.05,
        "trend": 35.78351,
        "fair_value": 32.108193,
        "relative_strength": -4.544148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.941749,
        "energy": 55.378513,
        "activity_lines": [
          37.033373,
          36.529365,
          36.428308,
          36.215275
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.85,
        "volume": 536891,
        "typical_volume": 1472247.75,
        "trend": 35.86801,
        "fair_value": 32.18257,
        "relative_strength": -8.622542,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.081368,
        "energy": 57.863733,
        "activity_lines": [
          37.03478,
          36.647567,
          36.475066,
          36.284081
        ]
      }
    ],
    "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."
    }
  }
}