{ "ticker": { "uuid": "18bd7e74-2e4d-412d-b27f-8d85ab89fb67", "symbol": "XHD", "name": "iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.904, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 70.418, "architecture_energy": 76.725, "architecture_maturity": 26.179, "architecture_confidence": 69.789, "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": 8.35, "rotation_up": 77.11, "upward_expansion": 92.61, "deceleration": 42.43, "rotation_down": 9.82, "downward_expansion": 16.94 }, "activity_lines": [ 40.874839, 40.392064, 39.798697, 39.478251 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 41.080002, "trend_reference": 39.040473, "distance_from_trend": 0.052241, "trend_direction": "Improving", "fair_value": 34.870783, "distance_from_fair_value": 0.178064, "fair_value_direction": "Improving", "relative_strength": -3.824647, "relative_strength_direction": "Improving", "price_momentum": 0.048496, "excess_performance": -0.071925, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.052241, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032204, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.178064, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054515, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038246, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04126, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048496, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.07013, "read": "Demand-led" } ], "volume": { "latest": 6900, "relative_activity": 0.713916, "balance": 2.07013, "dry_up": 1.303673, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.023103, "annualized_volatility": 0.126864, "from_high_reference": -0.028842, "from_low_reference": 0.187966 }, "levels": { "trend_reference": 39.040473, "fair_value_reference": 34.870783, "structural_low": 37.871342, 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41.036217, "volume": 22600, "typical_volume": 9265.0, "trend": 38.648362, "fair_value": 34.736003, "relative_strength": -1.683268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.887304, "energy": 74.1018, "activity_lines": [ 40.318839, 39.893177, 39.423249, 39.175684 ] }, { "date": "2026-07-31", "close": 41.110001, "volume": 13900, "typical_volume": 9650.0, "trend": 38.851844, "fair_value": 34.804761, "relative_strength": -0.869111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.473551, "energy": 72.431497, "activity_lines": [ 40.646889, 40.156631, 39.618031, 39.334499 ] }, { "date": "2026-08-07", "close": 41.080002, "volume": 6900, "typical_volume": 9665.0, "trend": 39.040473, "fair_value": 34.870783, "relative_strength": -3.824647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.417867, "energy": 76.725375, "activity_lines": [ 40.874839, 40.392064, 39.798697, 39.478251 ] } ], "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." } } }