{ "ticker": { "uuid": "00ba6c4e-8f80-41d8-9fe3-7ff2735e0ea8", "symbol": "XEXP", "name": "iShares Exponential Technologies Index ETF CAD", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.789, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 51.261, "architecture_energy": 34.536, "architecture_maturity": 64.526, "architecture_confidence": 75.699, "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": 23.8, "rotation_up": 34.63, "upward_expansion": 64.28, "deceleration": 85.5, "rotation_down": 27.9, "downward_expansion": 23.28 }, "activity_lines": [ 72.651331, 73.117724, 71.984908, 69.883641 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 73.739998, "trend_reference": 67.399408, "distance_from_trend": 0.094075, "trend_direction": "Improving", "fair_value": 55.78684, "distance_from_fair_value": 0.321817, "fair_value_direction": "Improving", "relative_strength": 0.022446, "relative_strength_direction": "Improving", "price_momentum": 0.199219, "excess_performance": 0.078798, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094075, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044262, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.321817, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.035454, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000224, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.002124, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.199219, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.446809, "read": "Supply-led" } ], "volume": { "latest": 500, "relative_activity": 0.304878, "balance": 0.446809, "dry_up": 0.914634, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.028884, "annualized_volatility": 0.160656, "from_high_reference": -0.034564, "from_low_reference": 0.29508 }, "levels": { "trend_reference": 67.399408, "fair_value_reference": 55.78684, "structural_low": 58.73, "invalidation": "A sustained 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66.591395, "energy": 87.689544, "activity_lines": [ 68.429564, 66.073678, 64.363571, 64.139221 ] }, { "date": "2026-05-22", "close": 70.469612, "volume": 700, "typical_volume": 1370.0, "trend": 64.291655, "fair_value": 53.8899, "relative_strength": 0.890755, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.134855, "energy": 93.055578, "activity_lines": [ 69.437051, 67.209139, 65.017126, 64.547109 ] }, { "date": "2026-05-29", "close": 73.447762, "volume": 5200, "typical_volume": 1625.0, "trend": 64.542618, "fair_value": 54.066909, "relative_strength": 4.182538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.933484, "energy": 96.661398, "activity_lines": [ 71.05528, 68.710271, 65.913506, 65.137826 ] }, { "date": "2026-06-05", "close": 71.585175, "volume": 1400, "typical_volume": 1660.0, "trend": 64.7856, "fair_value": 54.234966, "relative_strength": 2.556011, "stage": 2, "regime": 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65.678533, "fair_value": 54.769606, "relative_strength": 2.958788, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.621667, "energy": 67.952298, "activity_lines": [ 73.274789, 72.145673, 68.90045, 67.219055 ] }, { "date": "2026-07-03", "close": 75.239998, "volume": 100, "typical_volume": 970.0, "trend": 65.986777, "fair_value": 54.959939, "relative_strength": 5.080176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.899156, "energy": 78.933516, "activity_lines": [ 73.99033, 72.945086, 69.732725, 67.835923 ] }, { "date": "2026-07-10", "close": 74.889999, "volume": 11300, "typical_volume": 1505.0, "trend": 66.282652, "fair_value": 55.136464, "relative_strength": 4.410912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.06765, "energy": 75.800767, "activity_lines": [ 74.469722, 73.52006, 70.473286, 68.410325 ] }, { "date": "2026-07-17", "close": 72.629997, "volume": 3800, "typical_volume": 1685.0, "trend": 66.547111, "fair_value": 55.300708, "relative_strength": 1.427361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.083457, "energy": 63.456108, "activity_lines": [ 73.975458, 73.528779, 70.944275, 68.819831 ] }, { "date": "2026-07-24", "close": 71.519997, "volume": 1100, "typical_volume": 1710.0, "trend": 66.745409, "fair_value": 55.451019, "relative_strength": -0.333951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.464562, "energy": 53.564767, "activity_lines": [ 73.093998, 73.267786, 71.266407, 69.140662 ] }, { "date": "2026-07-31", "close": 71.589996, "volume": 600, "typical_volume": 1730.0, "trend": 67.068408, "fair_value": 55.609665, "relative_strength": 0.265389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.547761, "energy": 38.489509, "activity_lines": [ 72.462664, 73.007486, 71.548967, 69.453216 ] }, { "date": "2026-08-07", "close": 73.739998, "volume": 500, "typical_volume": 1640.0, "trend": 67.399408, "fair_value": 55.78684, "relative_strength": 0.022446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.261472, "energy": 34.536499, "activity_lines": [ 72.651331, 73.117724, 71.984908, 69.883641 ] } ], "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." } } }