{ "ticker": { "uuid": "d743e37f-815f-485e-8d9f-992344d537c8", "symbol": "SPWS", "name": "INVESCO MARKETS PLC INVESCO S&P", "exchange": "LSE", "country": "GB", "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": "^FTSE", "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": 90.137, "architecture_energy": 73.993, "architecture_maturity": 28.603, "architecture_confidence": 84.142, "architecture_tenure": "New", "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": 5.37, "rotation_up": 68.39, "upward_expansion": 87.67, "deceleration": 61.2, "rotation_down": 24.53, "downward_expansion": 12.0 }, "activity_lines": [ 5.959967, 5.922145, 5.818043, 5.721481 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 6.0635, "trend_reference": 5.616417, "distance_from_trend": 0.079603, "trend_direction": "Improving", "fair_value": 5.18829, "distance_from_fair_value": 0.16869, "fair_value_direction": "Improving", "relative_strength": 3.104293, "relative_strength_direction": "Improving", "price_momentum": 0.102054, "excess_performance": 0.050818, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079603, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041141, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.16869, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.063361, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.031043, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.015626, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.102054, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 16.837781, "read": "Demand-led" } ], "volume": { "latest": 14661, "relative_activity": 0.113333, "balance": 16.837781, "dry_up": 0.20188, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.01424, "annualized_volatility": 0.100157, "from_high_reference": -0.003369, "from_low_reference": 0.219162 }, "levels": { "trend_reference": 5.616417, "fair_value_reference": 5.18829, "structural_low": 5.196, "invalidation": "A 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"typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 5.9105, "volume": 78008, "typical_volume": 337789.45, "trend": 5.573033, "fair_value": 5.168378, "relative_strength": 2.089297, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.060394, "energy": 84.98382, "activity_lines": [ 5.908667, 5.869682, 5.753567, 5.669727 ] }, { "date": "2026-07-31", "close": 5.906, "volume": 4043, "typical_volume": 136993.9, "trend": 5.594283, "fair_value": 5.177485, "relative_strength": 0.766048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.303164, "energy": 65.945955, "activity_lines": [ 5.909533, 5.883791, 5.779738, 5.691209 ] }, { "date": "2026-08-07", "close": 6.0635, "volume": 14661, "typical_volume": 129362.7, "trend": 5.616417, "fair_value": 5.18829, "relative_strength": 3.104293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.137408, "energy": 73.992548, "activity_lines": [ 5.959967, 5.922145, 5.818043, 5.721481 ] } ], "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." } } }