{ "ticker": { "uuid": "d179f3e6-3e58-452c-8d38-44f0deea321e", "symbol": "PTH", "name": "INVESCO DORSEY WRIGHT HEALTHCARE MOMENTUM 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": "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": 73.31, "architecture_energy": 61.568, "architecture_maturity": 61.12, "architecture_confidence": 76.859, "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": 9.96, "rotation_up": 62.07, "upward_expansion": 83.56, "deceleration": 66.27, "rotation_down": 21.29, "downward_expansion": 10.23 }, "activity_lines": [ 59.257733, 58.493855, 55.826169, 54.053492 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 60.3556, "trend_reference": 52.022597, "distance_from_trend": 0.16018, "trend_direction": "Improving", "fair_value": 42.57392, "distance_from_fair_value": 0.417666, "fair_value_direction": "Improving", "relative_strength": 7.790898, "relative_strength_direction": "Improving", "price_momentum": 0.238323, "excess_performance": 0.050869, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.16018, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046768, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.417666, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.166951, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.077909, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.111777, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.238323, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.291407, "read": "Supply-led" } ], "volume": { "latest": 321445, "relative_activity": 1.945288, "balance": 0.291407, "dry_up": 2.994076, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.045983, "annualized_volatility": 0.259111, "from_high_reference": -0.023056, "from_low_reference": 0.653065 }, "levels": { "trend_reference": 52.022597, "fair_value_reference": 42.57392, "structural_low": 46.09, 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"energy": 89.639913, "activity_lines": [ 59.214253, 56.458822, 53.99661, 52.576651 ] }, { "date": "2026-07-24", "close": 58.57, "volume": 1207587, "typical_volume": 138862.35, "trend": 51.36799, "fair_value": 42.269776, "relative_strength": 11.588824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.71847, "energy": 87.286695, "activity_lines": [ 59.330873, 57.189976, 54.615715, 53.058611 ] }, { "date": "2026-07-31", "close": 58.0963, "volume": 295711, "typical_volume": 151655.05, "trend": 51.663263, "fair_value": 42.412725, "relative_strength": 9.574965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.055423, "energy": 70.299707, "activity_lines": [ 58.917047, 57.699038, 55.139358, 53.492696 ] }, { "date": "2026-08-07", "close": 60.3556, "volume": 321445, "typical_volume": 165242.9, "trend": 52.022597, "fair_value": 42.57392, "relative_strength": 7.790898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.309947, "energy": 61.568201, "activity_lines": [ 59.257733, 58.493855, 55.826169, 54.053492 ] } ], "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." } } }