{
  "ticker": {
    "uuid": "fe888457-3c10-48c6-9149-4a0f06044e73",
    "symbol": "PWB",
    "name": "INVESCO EXCHANGE TRADED FD TR LARGE CAP GROWTH 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 40.784,
    "architecture_energy": 21.7,
    "architecture_maturity": 65.379,
    "architecture_confidence": 88.924,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 42.57,
        "rotation_up": 28.0,
        "upward_expansion": 57.46,
        "deceleration": 88.24,
        "rotation_down": 28.0,
        "downward_expansion": 18.8
      },
      "activity_lines": [
        156.4,
        157.708545,
        156.194667,
        151.368573
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 159.7,
    "trend_reference": 145.359303,
    "distance_from_trend": 0.098657,
    "trend_direction": "Improving",
    "fair_value": 107.642401,
    "distance_from_fair_value": 0.483616,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.375673,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.191044,
    "excess_performance": 0.065419,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.098657,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.076919,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.483616,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.051052,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043757,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.043513,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.191044,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.168936,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 338260,
      "relative_activity": 0.757462,
      "balance": 1.168936,
      "dry_up": 1.049122,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.05703,
      "annualized_volatility": 0.228196,
      "from_high_reference": -0.055058,
      "from_low_reference": 0.362628
    },
    "levels": {
      "trend_reference": 145.359303,
      "fair_value_reference": 107.642401,
      "structural_low": 120.525,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.044684,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.006355,
        "regime_survival": 0.111111,
        "best_return": 0.146473,
        "worst_return": -0.049063,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.066661,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.025125,
        "regime_survival": 0.0,
        "best_return": 0.234932,
        "worst_return": -0.073627,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.157578,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.067541,
        "regime_survival": 0.0,
        "best_return": 0.269715,
        "worst_return": -0.053403,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.251084,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.074102,
        "regime_survival": 0.333333,
        "best_return": 0.369727,
        "worst_return": -0.221766,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.015376,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.054318,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.131101,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.066799,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.095859,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.023777,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.186809,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.033525,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-27",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.03814,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.007005,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-03-27",
        "tenure": "Established",
        "return": -0.048251,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.122372,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2026-04-24",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": 0.055244,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.033189,
        "active": true
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    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 426670.15,
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        "relative_strength": 9.413464,
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      },
      {
        "date": "2026-07-17",
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        "volume": 513043,
        "typical_volume": 439451.25,
        "trend": 142.774357,
        "fair_value": 105.998574,
        "relative_strength": 5.466735,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.08914,
        "energy": 36.911749,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 154.57,
        "volume": 432765,
        "typical_volume": 438504.8,
        "trend": 143.609023,
        "fair_value": 106.533354,
        "relative_strength": 6.034735,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.4731,
        "energy": 28.218656,
        "activity_lines": [
          156.96,
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          149.764748
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      },
      {
        "date": "2026-07-31",
        "close": 153.19,
        "volume": 589960,
        "typical_volume": 448697.75,
        "trend": 144.42169,
        "fair_value": 107.068347,
        "relative_strength": 3.797057,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.511753,
        "energy": 20.178869,
        "activity_lines": [
          155.369333,
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          155.275405,
          150.382875
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      },
      {
        "date": "2026-08-07",
        "close": 159.7,
        "volume": 338260,
        "typical_volume": 446570.35,
        "trend": 145.359303,
        "fair_value": 107.642401,
        "relative_strength": 4.375673,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.784114,
        "energy": 21.699715,
        "activity_lines": [
          156.4,
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      }
    ],
    "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."
    }
  }
}