{
  "ticker": {
    "uuid": "b99f894c-3c54-4980-940f-7a0bfcceab3a",
    "symbol": "SPQA",
    "name": "Invesco Markets II plc - Invesco S&P 500 Quality UCITS ETF Acc",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 5.484,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 4.439,
    "boundary_margin": 0.235413,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.135226,
    "volatility_stability": 1.3577,
    "risk_context": 0.7395,
    "current_regime": {
      "move": -0.029037,
      "interruption": -0.054887,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 92.692,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 23.5% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-06-26",
        "close": 5.648,
        "direction_boundary": 4.3755,
        "core_momentum": 0.290824,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.126989
      },
      {
        "date": "2026-07-03",
        "close": 5.641,
        "direction_boundary": 4.399,
        "core_momentum": 0.282337,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127116
      },
      {
        "date": "2026-07-10",
        "close": 5.53,
        "direction_boundary": 4.4,
        "core_momentum": 0.256818,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.131794
      },
      {
        "date": "2026-07-17",
        "close": 5.455,
        "direction_boundary": 4.4,
        "core_momentum": 0.239773,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.13311
      },
      {
        "date": "2026-07-24",
        "close": 5.457,
        "direction_boundary": 4.4765,
        "core_momentum": 0.219033,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.128731
      },
      {
        "date": "2026-07-31",
        "close": 5.338,
        "direction_boundary": 4.5085,
        "core_momentum": 0.183986,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.133399
      },
      {
        "date": "2026-08-07",
        "close": 5.484,
        "direction_boundary": 4.439,
        "core_momentum": 0.235413,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.135226
      }
    ],
    "price_history": [
      {
        "date": "2025-06-27",
        "close": 4.3755,
        "volume": 229
      },
      {
        "date": "2025-07-04",
        "close": 4.399,
        "volume": 594
      },
      {
        "date": "2025-07-11",
        "close": 4.4,
        "volume": 486
      },
      {
        "date": "2025-07-18",
        "close": 4.4,
        "volume": 0
      },
      {
        "date": "2025-07-25",
        "close": 4.4765,
        "volume": 560
      },
      {
        "date": "2025-08-01",
        "close": 4.5085,
        "volume": 30
      },
      {
        "date": "2025-08-08",
        "close": 4.439,
        "volume": 5
      },
      {
        "date": "2025-08-15",
        "close": 4.46,
        "volume": 1269
      },
      {
        "date": "2025-08-22",
        "close": 4.46,
        "volume": 0
      },
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        "date": "2025-08-29",
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        "volume": 0
      },
      {
        "date": "2025-09-05",
        "close": 4.4295,
        "volume": 111
      },
      {
        "date": "2025-09-12",
        "close": 4.4475,
        "volume": 5
      },
      {
        "date": "2025-09-19",
        "close": 4.4935,
        "volume": 2001
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        "date": "2025-09-26",
        "close": 4.4935,
        "volume": 0
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      {
        "date": "2025-10-03",
        "close": 4.5025,
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        "date": "2025-10-10",
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        "date": "2025-10-17",
        "close": 4.603,
        "volume": 0
      },
      {
        "date": "2025-10-24",
        "close": 4.631,
        "volume": 4722
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        "date": "2025-10-31",
        "close": 4.631,
        "volume": 0
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      {
        "date": "2025-11-07",
        "close": 4.631,
        "volume": 0
      },
      {
        "date": "2025-11-14",
        "close": 4.5985,
        "volume": 1581
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        "date": "2025-11-21",
        "close": 4.4535,
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        "date": "2025-11-28",
        "close": 4.596,
        "volume": 17
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      {
        "date": "2025-12-05",
        "close": 4.67,
        "volume": 15000
      },
      {
        "date": "2025-12-12",
        "close": 4.642,
        "volume": 69
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      {
        "date": "2025-12-19",
        "close": 4.6875,
        "volume": 65
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        "date": "2025-12-26",
        "close": 4.6875,
        "volume": 0
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      {
        "date": "2026-01-02",
        "close": 4.6865,
        "volume": 14
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        "date": "2026-01-09",
        "close": 4.761,
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      {
        "date": "2026-01-16",
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        "date": "2026-01-23",
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        "date": "2026-01-30",
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        "date": "2026-02-06",
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        "date": "2026-02-13",
        "close": 4.865,
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      {
        "date": "2026-02-20",
        "close": 4.8825,
        "volume": 4500
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        "date": "2026-02-27",
        "close": 4.951,
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      {
        "date": "2026-03-06",
        "close": 4.951,
        "volume": 0
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      {
        "date": "2026-03-13",
        "close": 4.827,
        "volume": 3919
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      {
        "date": "2026-03-20",
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      {
        "date": "2026-03-27",
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        "date": "2026-04-03",
        "close": 4.7095,
        "volume": 0
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        "date": "2026-04-10",
        "close": 4.872,
        "volume": 1205
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      {
        "date": "2026-04-17",
        "close": 4.9575,
        "volume": 15600
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      {
        "date": "2026-04-24",
        "close": 5.003,
        "volume": 54
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      {
        "date": "2026-05-01",
        "close": 5.012,
        "volume": 6000
      },
      {
        "date": "2026-05-08",
        "close": 5.098,
        "volume": 105
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      {
        "date": "2026-05-15",
        "close": 5.098,
        "volume": 110
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      {
        "date": "2026-05-22",
        "close": 5.309,
        "volume": 37209
      },
      {
        "date": "2026-05-29",
        "close": 5.339,
        "volume": 3995
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      {
        "date": "2026-06-05",
        "close": 5.43,
        "volume": 0
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      {
        "date": "2026-06-12",
        "close": 5.38,
        "volume": 0
      },
      {
        "date": "2026-06-19",
        "close": 5.671,
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      {
        "date": "2026-06-26",
        "close": 5.648,
        "volume": 0
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      {
        "date": "2026-07-03",
        "close": 5.641,
        "volume": 2217
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      {
        "date": "2026-07-10",
        "close": 5.53,
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      {
        "date": "2026-07-17",
        "close": 5.455,
        "volume": 27402
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      {
        "date": "2026-07-24",
        "close": 5.457,
        "volume": 36031
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      {
        "date": "2026-07-31",
        "close": 5.338,
        "volume": 22465
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      {
        "date": "2026-08-07",
        "close": 5.484,
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    ],
    "sharemaestro_context": {
      "trend": 5.1172,
      "fair_value": 4.832924,
      "market_activity": 33.083573,
      "market_dynamics": 0.380671,
      "relative_strength": -3.52892
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.033817,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.0,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
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        "horizon": "Longer term",
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        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
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        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.029037
      }
    ]
  }
}