{ "ticker": { "uuid": "fe4f26c7-b390-4fe5-94d3-7fea01bce7e3", "symbol": "USML", "name": "Invesco S&P SmallCap 600 UCITS ETF", "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": 78.433, "architecture_energy": 65.923, "architecture_maturity": 75.924, "architecture_confidence": 74.54, "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": 11.9, "rotation_up": 53.98, "upward_expansion": 82.66, "deceleration": 70.59, "rotation_down": 28.07, "downward_expansion": 11.66 }, "activity_lines": [ 85.888, 85.543455, 83.633119, 81.514548 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 87.32, "trend_reference": 79.086833, "distance_from_trend": 0.104103, "trend_direction": "Improving", "fair_value": 65.851312, "distance_from_fair_value": 0.326018, "fair_value_direction": "Improving", "relative_strength": 7.680891, "relative_strength_direction": "Weakening", "price_momentum": 0.136535, "excess_performance": 0.0853, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.104103, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.066263, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.326018, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054809, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.076809, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.015145, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.136535, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.250641, "read": "Demand-led" } ], "volume": { "latest": 15618, "relative_activity": 0.573737, "balance": 1.250641, "dry_up": 0.943839, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.023421, "annualized_volatility": 0.144249, "from_high_reference": -0.011882, "from_low_reference": 0.364802 }, "levels": { "trend_reference": 79.086833, "fair_value_reference": 65.851312, "structural_low": 69.440002, "invalidation": "A 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78.944151 ] }, { "date": "2026-07-10", "close": 85.279999, "volume": 28688, "typical_volume": 27342.75, "trend": 77.221, "fair_value": 65.136183, "relative_strength": 10.229792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.749904, "energy": 86.246754, "activity_lines": [ 85.334667, 83.904091, 81.309976, 79.491989 ] }, { "date": "2026-07-17", "close": 85.485001, "volume": 50929, "typical_volume": 28718.65, "trend": 77.690167, "fair_value": 65.31301, "relative_strength": 9.177406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.886743, "energy": 84.907072, "activity_lines": [ 85.470667, 84.416819, 81.946286, 80.025151 ] }, { "date": "2026-07-24", "close": 85.489998, "volume": 12803, "typical_volume": 28190.2, "trend": 78.1555, "fair_value": 65.486824, "relative_strength": 7.564378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.575888, "energy": 67.478659, "activity_lines": [ 85.528, 84.843637, 82.536309, 80.528366 ] }, { "date": "2026-07-31", "close": 84.75, "volume": 23421, "typical_volume": 27803.55, "trend": 78.628667, "fair_value": 65.657594, "relative_strength": 5.087729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.767103, "energy": 60.925871, "activity_lines": [ 85.232666, 85.003818, 82.994976, 80.953817 ] }, { "date": "2026-08-07", "close": 87.32, "volume": 15618, "typical_volume": 27221.55, "trend": 79.086833, "fair_value": 65.851312, "relative_strength": 7.680891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.432913, "energy": 65.922681, "activity_lines": [ 85.888, 85.543455, 83.633119, 81.514548 ] } ], "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." } } }