{ "ticker": { "uuid": "e4e85385-6582-420c-bbee-df2287b7cc4b", "symbol": "KLMN", "name": "INVESCO MSCI NORTH AMERICA CLIMATE 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.662, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 85.537, "architecture_energy": 63.144, "architecture_maturity": 38.446, "architecture_confidence": 80.934, "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": 15.05, "rotation_up": 58.55, "upward_expansion": 83.1, "deceleration": 61.02, "rotation_down": 26.19, "downward_expansion": 9.76 }, "activity_lines": [ 31.033167, 30.823064, 30.493349, 29.883875 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 31.8332, "trend_reference": 29.191671, "distance_from_trend": 0.090489, "trend_direction": "Improving", "fair_value": 26.576104, "distance_from_fair_value": 0.197813, "fair_value_direction": "Improving", "relative_strength": 0.107569, "relative_strength_direction": "Improving", "price_momentum": 0.12994, "excess_performance": 0.004315, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090489, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034193, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.197813, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.03212, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.001076, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.00526, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.12994, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.078377, "read": "Demand-led" } ], "volume": { "latest": 7016435, "relative_activity": 1.225986, "balance": 1.078377, "dry_up": 1.357466, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.020172, "annualized_volatility": 0.135554, "from_high_reference": 0.0, "from_low_reference": 0.233602 }, "levels": { "trend_reference": 29.191671, "fair_value_reference": 26.576104, "structural_low": 25.96, "invalidation": 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"date": "2026-07-17", "close": 30.5843, "volume": 12835600, "typical_volume": 8442627.85, "trend": 28.914823, "fair_value": 26.418623, "relative_strength": 0.056872, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.987748, "energy": 57.704902, "activity_lines": [ 30.66367, 30.591665, 30.055029, 29.498163 ] }, { "date": "2026-07-24", "close": 30.3649, "volume": 1704, "typical_volume": 7250245.05, "trend": 28.984885, "fair_value": 26.46505, "relative_strength": -0.069083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.417456, "energy": 52.169743, "activity_lines": [ 30.57954, 30.559664, 30.156719, 29.591716 ] }, { "date": "2026-07-31", "close": 30.7586, "volume": 11221910, "typical_volume": 5372417.8, "trend": 29.078452, "fair_value": 26.514975, "relative_strength": 0.127442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.839308, "energy": 51.213351, "activity_lines": [ 30.64954, 30.596195, 30.282602, 29.706149 ] }, { "date": "2026-08-07", "close": 31.8332, "volume": 7016435, "typical_volume": 5723097.85, "trend": 29.191671, "fair_value": 26.576104, "relative_strength": 0.107569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.537154, "energy": 63.143986, "activity_lines": [ 31.033167, 30.823064, 30.493349, 29.883875 ] } ], "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." } } }