{ "ticker": { "uuid": "14ccd6f2-58de-4122-9f91-4a44cf1f7881", "symbol": "HND", "name": "BetaPro Natural Gas Inverse Leveraged Daily Bear 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 81.348, "architecture_energy": 71.827, "architecture_maturity": 60.861, "architecture_confidence": 83.279, "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": 4.89, "rotation_up": 71.96, "upward_expansion": 87.67, "deceleration": 65.2, "rotation_down": 19.58, "downward_expansion": 12.0 }, "activity_lines": [ 26.151334, 24.314546, 19.367619, 15.553613 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 28.17, "trend_reference": 11.288667, "distance_from_trend": 1.495423, "trend_direction": "Improving", "fair_value": 13.978462, "distance_from_fair_value": 1.015243, "fair_value_direction": "Improving", "relative_strength": 153.486604, "relative_strength_direction": "Improving", "price_momentum": 6.613514, "excess_performance": 6.493092, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 1.495423, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.890266, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.015243, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 1.641688, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 1.534866, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 1.889873, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 6.613514, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.536608, "read": "Demand-led" } ], "volume": { "latest": 659900, "relative_activity": 0.085385, "balance": 1.536608, "dry_up": 0.15632, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.122771, "annualized_volatility": 2.026943, "from_high_reference": -0.037581, "from_low_reference": 9.356618 }, "levels": { "trend_reference": 11.288667, "fair_value_reference": 13.978462, "structural_low": 3.45, "invalidation": "A 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9.593764 ] }, { "date": "2026-07-03", "close": 20.32, "volume": 568100, "typical_volume": 14233730.0, "trend": 8.400667, "fair_value": 13.587228, "relative_strength": 117.569605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.252756, "energy": 87.324498, "activity_lines": [ 20.485334, 17.686, 12.640619, 10.395893 ] }, { "date": "2026-07-10", "close": 24.290001, "volume": 4577100, "typical_volume": 12964245.0, "trend": 8.957, "fair_value": 13.647131, "relative_strength": 152.171516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.579722, "energy": 74.63546, "activity_lines": [ 21.690001, 19.504182, 14.063, 11.421011 ] }, { "date": "2026-07-17", "close": 24.5, "volume": 1512900, "typical_volume": 11847490.0, "trend": 9.505, "fair_value": 13.721651, "relative_strength": 146.781017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.86355, "energy": 72.240613, "activity_lines": [ 22.727334, 21.009091, 15.410381, 12.423785 ] }, { "date": "2026-07-24", "close": 24.23, "volume": 1534900, "typical_volume": 10423280.0, "trend": 10.061333, "fair_value": 13.790849, "relative_strength": 137.243612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.57463, "energy": 69.087202, "activity_lines": [ 23.501334, 22.111455, 16.637714, 13.373785 ] }, { "date": "2026-07-31", "close": 26.360001, "volume": 1124800, "typical_volume": 8958665.0, "trend": 10.681333, "fair_value": 13.870689, "relative_strength": 151.986088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.32448, "energy": 71.137428, "activity_lines": [ 24.741334, 23.244182, 17.970238, 14.425312 ] }, { "date": "2026-08-07", "close": 28.17, "volume": 659900, "typical_volume": 7728525.0, "trend": 11.288667, "fair_value": 13.978462, "relative_strength": 153.486604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.348289, "energy": 71.827179, "activity_lines": [ 26.151334, 24.314546, 19.367619, 15.553613 ] } ], "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." } } }