{
  "ticker": {
    "uuid": "1a93af89-b2ac-46e6-8cf1-6b347a9c3b04",
    "symbol": "RUDH",
    "name": "RBC Quant U.S. Dividend Leaders (CAD Hedged) 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 73.867,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.835,
    "architecture_energy": 91.534,
    "architecture_maturity": 28.147,
    "architecture_confidence": 69.656,
    "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": 2.94,
        "rotation_up": 83.6,
        "upward_expansion": 98.34,
        "deceleration": 40.05,
        "rotation_down": 12.65,
        "downward_expansion": 20.34
      },
      "activity_lines": [
        30.491603,
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        29.725943,
        29.2781
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 31.02,
    "trend_reference": 28.806631,
    "distance_from_trend": 0.076835,
    "trend_direction": "Improving",
    "fair_value": 26.059019,
    "distance_from_fair_value": 0.190375,
    "fair_value_direction": "Improving",
    "relative_strength": -3.377781,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079178,
    "excess_performance": -0.041243,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.076835,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018125,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.190375,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.039201,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.033778,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030248,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079178,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.811111,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4500,
      "relative_activity": 1.140684,
      "balance": 2.811111,
      "dry_up": 0.925222,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015132,
      "annualized_volatility": 0.099478,
      "from_high_reference": -0.011472,
      "from_low_reference": 0.172422
    },
    "levels": {
      "trend_reference": 28.806631,
      "fair_value_reference": 26.059019,
      "structural_low": 26.458057,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.016498,
        "positive_rate": 0.648649,
        "directional_follow_through": 0.648649,
        "median_excess_return": -0.002649,
        "regime_survival": 0.783784,
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        "worst_return": -0.083044,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "regime_survival": 0.615385,
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        "worst_return": -0.153686,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "directional_follow_through": 0.75,
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        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.06735,
        "sufficient": false
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        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "regime": "balance",
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        "regime": "rotation_up",
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        "regime": "deceleration",
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        "date": "2026-04-24",
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        "typical_volume": 31609.45,
        "trend": 28.10371,
        "fair_value": 25.141917,
        "relative_strength": -7.757769,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 23.480089,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 29.086477,
        "volume": 5000,
        "typical_volume": 31994.9,
        "trend": 28.169675,
        "fair_value": 25.266797,
        "relative_strength": -6.40257,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 32250.0,
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        "fair_value": 25.328681,
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        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 32520.0,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 32410.0,
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        "modifier": "Early expansion",
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        "energy": 84.286906,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 29.360605,
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        "typical_volume": 32610.0,
        "trend": 28.340088,
        "fair_value": 25.517813,
        "relative_strength": -5.588808,
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      },
      {
        "date": "2026-06-12",
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        "fair_value": 25.576914,
        "relative_strength": -6.457819,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -7.024036,
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        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 50.797681,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 29.69521,
        "volume": 0,
        "typical_volume": 5320.0,
        "trend": 28.523983,
        "fair_value": 25.7551,
        "relative_strength": -5.770518,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 71.162405,
        "energy": 58.15205,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 30.114578,
        "volume": 2800,
        "typical_volume": 5045.0,
        "trend": 28.560879,
        "fair_value": 25.816269,
        "relative_strength": -4.320375,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.131288,
        "energy": 79.603574,
        "activity_lines": [
          29.706858,
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      },
      {
        "date": "2026-07-17",
        "close": 30.014729,
        "volume": 2800,
        "typical_volume": 4745.0,
        "trend": 28.59617,
        "fair_value": 25.874062,
        "relative_strength": -4.277134,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.341728,
        "energy": 83.295005,
        "activity_lines": [
          29.839663,
          29.687382,
          29.247948,
          28.913835
        ]
      },
      {
        "date": "2026-07-24",
        "close": 30.110001,
        "volume": 3900,
        "typical_volume": 4190.0,
        "trend": 28.624636,
        "fair_value": 25.93183,
        "relative_strength": -3.99268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.916446,
        "energy": 85.863534,
        "activity_lines": [
          29.967272,
          29.784768,
          29.379491,
          29.011502
        ]
      },
      {
        "date": "2026-07-31",
        "close": 30.450001,
        "volume": 3400,
        "typical_volume": 3905.0,
        "trend": 28.713087,
        "fair_value": 25.993015,
        "relative_strength": -2.280851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.318175,
        "energy": 89.390847,
        "activity_lines": [
          30.177237,
          29.925362,
          29.533072,
          29.129267
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.02,
        "volume": 4500,
        "typical_volume": 3945.0,
        "trend": 28.806631,
        "fair_value": 26.059019,
        "relative_strength": -3.377781,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.835479,
        "energy": 91.534366,
        "activity_lines": [
          30.491603,
          30.150512,
          29.725943,
          29.2781
        ]
      }
    ],
    "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."
    }
  }
}