{ "ticker": { "uuid": "1055ab14-3bd6-45d6-88c9-690f66165b2b", "symbol": "UMAX", "name": "Hamilton Utilities YIELD MAXIMIZER 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 11.191, "architecture_energy": 7.402, "architecture_maturity": 52.436, "architecture_confidence": 79.716, "architecture_tenure": "Developing", "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": 62.59, "rotation_up": 22.87, "upward_expansion": 55.6, "deceleration": 86.75, "rotation_down": 28.02, "downward_expansion": 19.27 }, "activity_lines": [ 13.281695, 13.341379, 13.307863, 13.251624 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 13.015, "trend_reference": 13.143964, "distance_from_trend": -0.009812, "trend_direction": "Improving", "fair_value": 11.700588, "distance_from_fair_value": 0.112337, "fair_value_direction": "Weakening", "relative_strength": -9.710371, "relative_strength_direction": "Weakening", "price_momentum": 0.015625, "excess_performance": -0.104797, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009812, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.025679, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.112337, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.016681, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097104, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.02157, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.015625, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.921052, "read": "Supply-led" } ], "volume": { "latest": 3624500, "relative_activity": 2.435656, "balance": 0.921052, "dry_up": 1.830405, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.019408, "annualized_volatility": 0.094566, "from_high_reference": -0.047057, "from_low_reference": 0.087165 }, "levels": { "trend_reference": 13.143964, "fair_value_reference": 11.700588, 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13.409083, 13.413959, 13.329204, 13.25854 ] }, { "date": "2026-08-07", "close": 13.015, "volume": 3624500, "typical_volume": 1488100.0, "trend": 13.143964, "fair_value": 11.700588, "relative_strength": -9.710371, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.191413, "energy": 7.402155, "activity_lines": [ 13.281695, 13.341379, 13.307863, 13.251624 ] } ], "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." } } }