{ "ticker": { "uuid": "d484543e-8aec-48f0-9fd5-36ba28860b3a", "symbol": "IBBQ", "name": "INVESCO NASDAQ BIOTECHNOLOGY 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.381, "architecture_energy": 59.447, "architecture_maturity": 30.934, "architecture_confidence": 75.102, "architecture_tenure": "Developing", "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": 15.37, "rotation_up": 59.78, "upward_expansion": 80.06, "deceleration": 65.79, "rotation_down": 20.6, "downward_expansion": 9.06 }, "activity_lines": [ 32.811213, 32.47754, 31.343182, 30.69849 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 33.719, "trend_reference": 30.03081, "distance_from_trend": 0.122814, "trend_direction": "Improving", "fair_value": 23.764506, "distance_from_fair_value": 0.418881, "fair_value_direction": "Improving", "relative_strength": 4.167704, "relative_strength_direction": "Improving", "price_momentum": 0.137168, "excess_performance": -0.050285, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.122814, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041965, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.418881, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130259, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.041677, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.092648, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.137168, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.252778, "read": "Demand-led" } ], "volume": { "latest": 77539, "relative_activity": 0.705399, "balance": 1.252778, "dry_up": 0.762419, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.037739, "annualized_volatility": 0.206769, "from_high_reference": -0.014641, "from_low_reference": 0.523355 }, "levels": { "trend_reference": 30.03081, "fair_value_reference": 23.764506, "structural_low": 27.46, "invalidation": "A 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31.236957, 30.302095, 29.925966 ] }, { "date": "2026-07-17", "close": 32.62, "volume": 97812, "typical_volume": 111825.95, "trend": 29.632543, "fair_value": 23.520751, "relative_strength": 5.764831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.423979, "energy": 85.588157, "activity_lines": [ 32.71728, 31.622617, 30.578796, 30.12756 ] }, { "date": "2026-07-24", "close": 32.28, "volume": 82842, "typical_volume": 108953.3, "trend": 29.746245, "fair_value": 23.598624, "relative_strength": 6.02786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.698883, "energy": 83.260392, "activity_lines": [ 32.70944, 31.888387, 30.810599, 30.298364 ] }, { "date": "2026-07-31", "close": 32.1008, "volume": 77034, "typical_volume": 108549.05, "trend": 29.871598, "fair_value": 23.677096, "relative_strength": 4.5732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.335147, "energy": 62.856678, "activity_lines": [ 32.486393, 32.06138, 31.008593, 30.45027 ] }, { "date": "2026-08-07", "close": 33.719, "volume": 77539, "typical_volume": 109922.15, "trend": 30.03081, "fair_value": 23.764506, "relative_strength": 4.167704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.380853, "energy": 59.446937, "activity_lines": [ 32.811213, 32.47754, 31.343182, 30.69849 ] } ], "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." } } }