{ "ticker": { "uuid": "e51a6519-78f7-4ef2-bc69-84e48aebeb1b", "symbol": "EQLI", "name": "Invesco S&P 500 Equal Weight Income Advantage ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "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": 74.187, "architecture_energy": 60.575, "architecture_maturity": 80.138, "architecture_confidence": 70.41, "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": 11.53, "rotation_up": 54.36, "upward_expansion": 83.91, "deceleration": 68.62, "rotation_down": 27.69, "downward_expansion": 10.58 }, "activity_lines": [ 22.604827, 22.541589, 22.098337, 21.724136 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 22.82, "trend_reference": 21.311047, "distance_from_trend": 0.070806, "trend_direction": "Improving", "fair_value": 19.68303, "distance_from_fair_value": 0.159374, "fair_value_direction": "Improving", "relative_strength": -2.089071, "relative_strength_direction": "Improving", "price_momentum": 0.095067, "excess_performance": -0.025354, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070806, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036052, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.159374, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.074945, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020891, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042507, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.095067, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.54871, "read": "Demand-led" } ], "volume": { "latest": 55800, "relative_activity": 0.90658, "balance": 1.54871, "dry_up": 1.262388, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.0199, "annualized_volatility": 0.08765, "from_high_reference": -0.008688, "from_low_reference": 0.206897 }, "levels": { "trend_reference": 21.311047, "fair_value_reference": 19.68303, "structural_low": 19.921735, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.038722, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.012819, "regime_survival": 0.8, "best_return": 0.039585, "worst_return": -0.043276, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.025012, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.012517, "regime_survival": 1.0, "best_return": 0.025012, "worst_return": 0.025012, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": 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"energy": 65.678675, "activity_lines": [ 22.525721, 22.37911, 21.865454, 21.533688 ] }, { "date": "2026-07-31", "close": 22.540001, "volume": 95400, "typical_volume": 61015.0, "trend": 21.243448, "fair_value": 19.652276, "relative_strength": -0.283605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.137355, "energy": 61.563682, "activity_lines": [ 22.523157, 22.445075, 21.97398, 21.622423 ] }, { "date": "2026-08-07", "close": 22.82, "volume": 55800, "typical_volume": 61550.0, "trend": 21.311047, "fair_value": 19.68303, "relative_strength": -2.089071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.186945, "energy": 60.57521, "activity_lines": [ 22.604827, 22.541589, 22.098337, 21.724136 ] } ], "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." } } }