{ "ticker": { "uuid": "e062aa14-34c1-4ea0-b35d-0986200f7b5b", "symbol": "PQVM", "name": "Invesco S&P 500 QVM UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.641, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.396, "architecture_energy": 28.86, "architecture_maturity": 62.099, "architecture_confidence": 82.106, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 36.02, "rotation_up": 25.85, "upward_expansion": 59.12, "deceleration": 91.17, "rotation_down": 27.9, "downward_expansion": 22.79 }, "activity_lines": [ 62.543333, 63.035879, 62.181289, 60.770886 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 62.619999, "trend_reference": 58.867589, "distance_from_trend": 0.063743, "trend_direction": "Improving", "fair_value": 50.649387, "distance_from_fair_value": 0.236343, "fair_value_direction": "Improving", "relative_strength": -0.363954, "relative_strength_direction": "Weakening", "price_momentum": 0.1389, "excess_performance": 0.056016, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.063743, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059536, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.236343, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019061, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00364, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.059616, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.1389, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.909056, "read": "Supply-led" } ], "volume": { "latest": 1517, "relative_activity": 2.733826, "balance": 0.909056, "dry_up": 1.654352, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025326, "annualized_volatility": 0.124378, "from_high_reference": -0.057795, "from_low_reference": 0.193577 }, "levels": { "trend_reference": 58.867589, "fair_value_reference": 50.649387, "structural_low": 54.783855, "invalidation": "A 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"2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.041483, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-13", "tenure": "Developing", "return": 0.063354, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": -0.001161, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": 0.032528, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": 0.003316, "active": false }, { "regime": "upward_expansion", "label": "Upward 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"2026-07-24", "close": 63.919998, "volume": 2065, "typical_volume": 494.45, "trend": 58.327492, "fair_value": 50.341748, "relative_strength": 3.128351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.232717, "energy": 62.889077, "activity_lines": [ 63.452, 63.447001, 61.874258, 60.324046 ] }, { "date": "2026-07-31", "close": 61.220001, "volume": 75, "typical_volume": 488.2, "trend": 58.586481, "fair_value": 50.491578, "relative_strength": -1.282992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.06907, "energy": 40.183343, "activity_lines": [ 62.658667, 63.114035, 61.97483, 60.510659 ] }, { "date": "2026-08-07", "close": 62.619999, "volume": 1517, "typical_volume": 554.9, "trend": 58.867589, "fair_value": 50.649387, "relative_strength": -0.363954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.396141, "energy": 28.860084, "activity_lines": [ 62.543333, 63.035879, 62.181289, 60.770886 ] } ], "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." } } }