{ "ticker": { "uuid": "1da58b27-a369-42f7-a4be-29ced823525e", "symbol": "ZUD", "name": "BMO US Dividend Hedged to CAD 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 81.156, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 68.849, "architecture_energy": 50.749, "architecture_maturity": 61.248, "architecture_confidence": 72.516, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 26.99, "rotation_up": 44.82, "upward_expansion": 75.11, "deceleration": 91.4, "rotation_down": 29.55, "downward_expansion": 13.11 }, "activity_lines": [ 38.223101, 38.19395, 37.905145, 37.307647 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 38.48, "trend_reference": 36.539816, "distance_from_trend": 0.053098, "trend_direction": "Improving", "fair_value": 30.671363, "distance_from_fair_value": 0.25459, "fair_value_direction": "Improving", "relative_strength": -2.589273, "relative_strength_direction": "Weakening", "price_momentum": 0.082194, "excess_performance": -0.038228, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053098, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042351, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.25459, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003885, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025893, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.009183, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.082194, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.393204, "read": "Demand-led" } ], "volume": { "latest": 6700, "relative_activity": 0.99851, "balance": 2.393204, "dry_up": 0.946349, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.015071, "annualized_volatility": 0.093919, "from_high_reference": -0.008758, "from_low_reference": 0.216936 }, "levels": { "trend_reference": 36.539816, "fair_value_reference": 30.671363, "structural_low": 33.968563, "invalidation": "A 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30.506886, "relative_strength": -0.442135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.203884, "energy": 54.066006, "activity_lines": [ 38.182451, 38.195063, 37.674736, 37.064988 ] }, { "date": "2026-07-31", "close": 37.93, "volume": 9100, "typical_volume": 6645.0, "trend": 36.396159, "fair_value": 30.587239, "relative_strength": -0.980902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.155332, "energy": 46.731193, "activity_lines": [ 38.110616, 38.142238, 37.771499, 37.173205 ] }, { "date": "2026-08-07", "close": 38.48, "volume": 6700, "typical_volume": 6710.0, "trend": 36.539816, "fair_value": 30.671363, "relative_strength": -2.589273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.849036, "energy": 50.74859, "activity_lines": [ 38.223101, 38.19395, 37.905145, 37.307647 ] } ], "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." } } }