{ "ticker": { "uuid": "f71e2ae6-f63d-4856-aaa4-9332b17ad3cc", "symbol": "PIZ", "name": "INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.82, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -18.04, "architecture_energy": 33.955, "architecture_maturity": 4.529, "architecture_confidence": 64.807, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 45.48, "rotation_up": 15.72, "upward_expansion": 20.22, "deceleration": 53.6, "rotation_down": 59.07, "downward_expansion": 47.55 }, "activity_lines": [ 52.544173, 53.271673, 54.250653, 53.933095 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 53.845, "trend_reference": 53.491179, "distance_from_trend": 0.006615, "trend_direction": "Improving", "fair_value": 40.41208, "distance_from_fair_value": 0.332399, "fair_value_direction": "Weakening", "relative_strength": -7.367425, "relative_strength_direction": "Weakening", "price_momentum": 0.014569, "excess_performance": -0.172885, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006615, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035811, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.332399, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.203279, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073674, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084209, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.014569, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.806897, "read": "Supply-led" } ], "volume": { "latest": 624483, "relative_activity": 1.533131, "balance": 0.806897, "dry_up": 1.252696, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.055, "annualized_volatility": 0.285728, "from_high_reference": -0.087616, "from_low_reference": 0.194202 }, "levels": { "trend_reference": 53.491179, "fair_value_reference": 40.41208, "structural_low": 47.1, "invalidation": "A decisive 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"typical_volume": 396114.15, "trend": 53.221746, "fair_value": 39.980584, "relative_strength": -7.486691, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.73039, "energy": 11.802774, "activity_lines": [ 53.75883, 54.496755, 54.69094, 54.119384 ] }, { "date": "2026-07-24", "close": 51.64, "volume": 506249, "typical_volume": 394027.6, "trend": 53.305449, "fair_value": 40.116514, "relative_strength": -6.389516, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.185588, "energy": 27.061222, "activity_lines": [ 52.807853, 53.884602, 54.483599, 54.017336 ] }, { "date": "2026-07-31", "close": 51.5319, "volume": 525007, "typical_volume": 396980.75, "trend": 53.377177, "fair_value": 40.256729, "relative_strength": -6.95899, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.720861, "energy": 38.898738, "activity_lines": [ 52.182227, 53.325914, 54.262677, 53.902913 ] }, { "date": "2026-08-07", "close": 53.845, "volume": 624483, "typical_volume": 407325.2, "trend": 53.491179, "fair_value": 40.41208, "relative_strength": -7.367425, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.040482, "energy": 33.955376, "activity_lines": [ 52.544173, 53.271673, 54.250653, 53.933095 ] } ], "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." } } }