{ "ticker": { "uuid": "0b0a3520-42e4-440a-aeb5-cca2ed05a225", "symbol": "TECH", "name": "Evolve FANGMA Index ETF Hedged 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.633, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 53.866, "architecture_energy": 30.922, "architecture_maturity": 17.09, "architecture_confidence": 49.843, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 38.42, "rotation_up": 58.07, "upward_expansion": 67.01, "deceleration": 60.49, "rotation_down": 12.5, "downward_expansion": 10.35 }, "activity_lines": [ 20.657208, 20.336097, 20.493507, 20.333718 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 21.4, "trend_reference": 20.156924, "distance_from_trend": 0.06167, "trend_direction": "Weakening", "fair_value": 17.014872, "distance_from_fair_value": 0.257723, "fair_value_direction": "Weakening", "relative_strength": -6.869876, "relative_strength_direction": "Weakening", "price_momentum": 0.088111, "excess_performance": -0.032311, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06167, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.009416, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.257723, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.066296, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068699, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.023833, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.088111, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.799348, "read": "Supply-led" } ], "volume": { "latest": 26100, "relative_activity": 0.496292, "balance": 0.799348, "dry_up": 0.685967, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.04093, "annualized_volatility": 0.261226, "from_high_reference": -0.018349, "from_low_reference": 0.195219 }, "levels": { "trend_reference": 20.156924, "fair_value_reference": 17.014872, "structural_low": 17.904666, "invalidation": "A 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"date": "2026-07-24", "close": 19.548059, "volume": 33800, "typical_volume": 81070.0, "trend": 20.12524, "fair_value": 16.888205, "relative_strength": -13.14386, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.185284, "energy": 14.389655, "activity_lines": [ 19.962554, 20.033098, 20.333068, 20.209362 ] }, { "date": "2026-07-31", "close": 20.790001, "volume": 42400, "typical_volume": 59245.0, "trend": 20.137245, "fair_value": 16.949059, "relative_strength": -6.928551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.504159, "energy": 13.370132, "activity_lines": [ 20.271343, 20.123272, 20.387992, 20.25225 ] }, { "date": "2026-08-07", "close": 21.4, "volume": 26100, "typical_volume": 52590.0, "trend": 20.156924, "fair_value": 17.014872, "relative_strength": -6.869876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.866461, "energy": 30.922146, "activity_lines": [ 20.657208, 20.336097, 20.493507, 20.333718 ] } ], "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." } } }