{ "ticker": { "uuid": "ed8d3791-09ab-4c9c-ab9c-6928308f205d", "symbol": "SPES", "name": "Invesco S&P 500 Equal Weight Index ETF Inc", "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": "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": 77.812, "architecture_energy": 61.785, "architecture_maturity": 75.963, "architecture_confidence": 66.092, "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": 13.29, "rotation_up": 53.74, "upward_expansion": 81.22, "deceleration": 71.39, "rotation_down": 26.95, "downward_expansion": 10.22 }, "activity_lines": [ 5102.9, 5086.676198, 4999.682858, 4921.371249 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 5172.5, "trend_reference": 4832.193798, "distance_from_trend": 0.070425, "trend_direction": "Improving", "fair_value": 4324.772572, "distance_from_fair_value": 0.196017, "fair_value_direction": "Improving", "relative_strength": 1.73375, "relative_strength_direction": "Improving", "price_momentum": 0.102622, "excess_performance": 0.051387, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070425, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036179, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.196017, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068609, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.017338, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.0229, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.102622, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.24671, "read": "Demand-led" } ], "volume": { "latest": 23309, "relative_activity": 1.341911, "balance": 1.24671, "dry_up": 1.519847, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.01873, "annualized_volatility": 0.08909, "from_high_reference": -0.0091, "from_low_reference": 0.202055 }, "levels": { "trend_reference": 4832.193798, "fair_value_reference": 4324.772572, "structural_low": 4491.0, 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17370.0, "trend": 4832.193798, "fair_value": 4324.772572, "relative_strength": 1.73375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.812457, "energy": 61.784557, "activity_lines": [ 5102.9, 5086.676198, 4999.682858, 4921.371249 ] } ], "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." } } }