{ "ticker": { "uuid": "06306d5f-bbc5-4b7e-b7ee-a4c4579fa3d7", "symbol": "XSMC", "name": "iShares S&P U.S. Small-Cap Index ETF", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 59.482, "architecture_energy": 54.262, "architecture_maturity": 95.255, "architecture_confidence": 57.119, "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": 19.93, "rotation_up": 44.45, "upward_expansion": 69.02, "deceleration": 68.31, "rotation_down": 27.44, "downward_expansion": 21.36 }, "activity_lines": [ 41.104667, 41.129944, 39.990885, 38.821173 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 41.560001, "trend_reference": 37.483731, "distance_from_trend": 0.108748, "trend_direction": "Improving", "fair_value": 31.318657, "distance_from_fair_value": 0.327005, "fair_value_direction": "Improving", "relative_strength": 4.03724, "relative_strength_direction": "Improving", "price_momentum": 0.151566, "excess_performance": 0.031144, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.108748, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069752, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327005, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.071742, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.040372, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022293, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.151566, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.851792, "read": "Demand-led" } ], "volume": { "latest": 72400, "relative_activity": 0.393756, "balance": 1.851792, "dry_up": 0.390357, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.02791, "annualized_volatility": 0.155158, "from_high_reference": -0.020273, "from_low_reference": 0.371101 }, "levels": { "trend_reference": 37.483731, "fair_value_reference": 31.318657, "structural_low": 32.869999, 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37.022731, "fair_value": 31.13211, "relative_strength": 5.309207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.268758, "energy": 64.198422, "activity_lines": [ 41.15, 40.828336, 39.413284, 38.298837 ] }, { "date": "2026-07-31", "close": 40.830002, "volume": 42300, "typical_volume": 188880.0, "trend": 37.271065, "fair_value": 31.222363, "relative_strength": 5.653966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.544195, "energy": 57.788414, "activity_lines": [ 40.952667, 40.940021, 39.684751, 38.544467 ] }, { "date": "2026-08-07", "close": 41.560001, "volume": 72400, "typical_volume": 183870.0, "trend": 37.483731, "fair_value": 31.318657, "relative_strength": 4.03724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.481722, "energy": 54.262165, "activity_lines": [ 41.104667, 41.129944, 39.990885, 38.821173 ] } ], "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." } } }