{
  "ticker": {
    "uuid": "dd1bddc8-ee43-4c9a-8786-f3946985d5ee",
    "symbol": "GRPM",
    "name": "INVESCO EXCHANGE TRADED FD TR S&P MIDCAP 400 GARP ETF",
    "exchange": "NYSEARCA",
    "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": "SPY",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 94.533,
    "architecture_energy": 91.712,
    "architecture_maturity": 41.212,
    "architecture_confidence": 73.278,
    "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": 0.0,
        "rotation_up": 86.27,
        "upward_expansion": 98.12,
        "deceleration": 40.23,
        "rotation_down": 10.32,
        "downward_expansion": 20.12
      },
      "activity_lines": [
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        128.352821
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 143.2779,
    "trend_reference": 125.665232,
    "distance_from_trend": 0.140155,
    "trend_direction": "Improving",
    "fair_value": 111.46311,
    "distance_from_fair_value": 0.285429,
    "fair_value_direction": "Improving",
    "relative_strength": 3.989197,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.150977,
    "excess_performance": 0.025353,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.140155,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034427,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.285429,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.120157,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039892,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.087657,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.150977,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.962996,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 28548,
      "relative_activity": 0.462787,
      "balance": 1.962996,
      "dry_up": 0.619007,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.027121,
      "annualized_volatility": 0.134535,
      "from_high_reference": -1.5e-05,
      "from_low_reference": 0.282732
    },
    "levels": {
      "trend_reference": 125.665232,
      "fair_value_reference": 111.46311,
      "structural_low": 114.761352,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.004785,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.006948,
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        "best_return": 0.096613,
        "worst_return": -0.098615,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "sufficient": true
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      {
        "horizon": "Extended",
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        "worst_return": -0.091085,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.103254,
        "sufficient": false
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
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      },
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 109.755314,
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 110.310945,
        "relative_strength": -1.640092,
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        "modifier": "Established expansion",
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        "energy": 74.191813,
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      },
      {
        "date": "2026-07-17",
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        "volume": 18017,
        "typical_volume": 72791.6,
        "trend": 124.119151,
        "fair_value": 110.576235,
        "relative_strength": 0.365821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.354684,
        "energy": 82.359398,
        "activity_lines": [
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          125.908295
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      },
      {
        "date": "2026-07-24",
        "close": 132.8818,
        "volume": 41787,
        "typical_volume": 62998.5,
        "trend": 124.501236,
        "fair_value": 110.837228,
        "relative_strength": 0.981893,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 78.377137,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 135.35,
        "volume": 64387,
        "typical_volume": 63084.35,
        "trend": 124.999163,
        "fair_value": 111.12265,
        "relative_strength": 1.752858,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.532958,
        "energy": 75.188155,
        "activity_lines": [
          133.613613,
          132.035018,
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          127.173548
        ]
      },
      {
        "date": "2026-08-07",
        "close": 143.2779,
        "volume": 28548,
        "typical_volume": 61687.1,
        "trend": 125.665232,
        "fair_value": 111.46311,
        "relative_strength": 3.989197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.533393,
        "energy": 91.711786,
        "activity_lines": [
          136.969347,
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      }
    ],
    "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."
    }
  }
}