{ "ticker": { "uuid": "06d90d07-de8a-4773-ad76-62b2ae4f4545", "symbol": "HEB", "name": "HAMILTON CHAMPIONS Canadian Bank Equal-Weight 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": 64.993, "architecture_energy": 65.773, "architecture_maturity": 92.682, "architecture_confidence": 78.268, "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": 19.0, "rotation_up": 53.4, "upward_expansion": 83.0, "deceleration": 71.4, "rotation_down": 28.62, "downward_expansion": 12.0 }, "activity_lines": [ 35.648406, 35.362429, 33.963887, 32.554586 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 35.59, "trend_reference": 30.799413, "distance_from_trend": 0.155542, "trend_direction": "Improving", "fair_value": 20.540179, "distance_from_fair_value": 0.732702, "fair_value_direction": "Improving", "relative_strength": 13.070864, "relative_strength_direction": "Improving", "price_momentum": 0.285455, "excess_performance": 0.165033, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.155542, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.105521, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.732702, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.098801, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.130709, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.018332, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.285455, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.242501, "read": "Demand-led" } ], "volume": { "latest": 77200, "relative_activity": 0.738191, "balance": 3.242501, "dry_up": 0.91485, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.02738, "annualized_volatility": 0.157893, "from_high_reference": -0.0262, "from_low_reference": 0.660687 }, "levels": { "trend_reference": 30.799413, "fair_value_reference": 20.540179, "structural_low": 26.410272, "invalidation": 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"regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.377746, "energy": 80.629355, "activity_lines": [ 35.60437, 34.914143, 33.246982, 31.883295 ] }, { "date": "2026-07-31", "close": 35.57, "volume": 106200, "typical_volume": 102180.0, "trend": 30.519886, "fair_value": 20.402804, "relative_strength": 17.257704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.806111, "energy": 67.362975, "activity_lines": [ 35.648991, 35.166403, 33.624944, 32.227481 ] }, { "date": "2026-08-07", "close": 35.59, "volume": 77200, "typical_volume": 104580.0, "trend": 30.799413, "fair_value": 20.540179, "relative_strength": 13.070864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.992618, "energy": 65.773282, "activity_lines": [ 35.648406, 35.362429, 33.963887, 32.554586 ] } ], "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." } } }