{ "ticker": { "uuid": "1dd33009-a5db-4f24-a22e-0ca1dee457e8", "symbol": "ZFH", "name": "BMO Floating Rate High Yield 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 65.629, "architecture_energy": 42.945, "architecture_maturity": 53.124, "architecture_confidence": 46.615, "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": 31.08, "rotation_up": 43.3, "upward_expansion": 72.72, "deceleration": 69.31, "rotation_down": 28.13, "downward_expansion": 10.72 }, "activity_lines": [ 15.095939, 15.093187, 15.068046, 15.007309 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 15.13, "trend_reference": 14.9449, "distance_from_trend": 0.012385, "trend_direction": "Improving", "fair_value": 13.860843, "distance_from_fair_value": 0.091564, "fair_value_direction": "Weakening", "relative_strength": -9.821905, "relative_strength_direction": "Weakening", "price_momentum": 0.019, "excess_performance": -0.101421, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.012385, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004007, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.091564, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015979, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002166, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.019, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.272066, "read": "Demand-led" } ], "volume": { "latest": 54000, "relative_activity": 0.874777, "balance": 1.272066, "dry_up": 1.114126, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.005134, "annualized_volatility": 0.032873, "from_high_reference": -0.001979, "from_low_reference": 0.044383 }, "levels": { "trend_reference": 14.9449, "fair_value_reference": 13.860843, "structural_low": 14.487025, "invalidation": 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"modifier": "Early expansion", "gate": "up", "direction": 60.546075, "energy": 58.216935, "activity_lines": [ 15.087357, 15.066401, 14.98249, 14.94218 ] }, { "date": "2026-07-03", "close": 15.089802, "volume": 1300, "typical_volume": 66475.0, "trend": 14.919635, "fair_value": 13.756347, "relative_strength": -9.203012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.283404, "energy": 62.353107, "activity_lines": [ 15.089265, 15.073471, 14.999654, 14.953438 ] }, { "date": "2026-07-10", "close": 15.109722, "volume": 75600, "typical_volume": 67530.0, "trend": 14.922992, "fair_value": 13.77764, "relative_strength": -8.823239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.02978, "energy": 65.232851, "activity_lines": [ 15.09717, 15.083208, 15.017751, 14.965702 ] }, { "date": "2026-07-17", "close": 15.089802, "volume": 62600, "typical_volume": 64820.0, "trend": 14.927003, "fair_value": 13.798326, "relative_strength": -8.442293, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.948907, "energy": 55.208228, "activity_lines": [ 15.093807, 15.08718, 15.032797, 14.976464 ] }, { "date": "2026-07-24", "close": 15.059921, "volume": 100200, "typical_volume": 64765.0, "trend": 14.928041, "fair_value": 13.818901, "relative_strength": -8.498264, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.865945, "energy": 39.380886, "activity_lines": [ 15.081834, 15.084748, 15.043473, 14.985039 ] }, { "date": "2026-07-31", "close": 15.08, "volume": 58300, "typical_volume": 63045.0, "trend": 14.93678, "fair_value": 13.839819, "relative_strength": -7.591132, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.926803, "energy": 35.81457, "activity_lines": [ 15.081222, 15.084999, 15.054493, 14.994843 ] }, { "date": "2026-08-07", "close": 15.13, "volume": 54000, "typical_volume": 61730.0, "trend": 14.9449, "fair_value": 13.860843, "relative_strength": -9.821905, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.628893, "energy": 42.945469, "activity_lines": [ 15.095939, 15.093187, 15.068046, 15.007309 ] } ], "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." } } }