{ "ticker": { "uuid": "254ce9b6-2004-42e8-9a4e-8849a286779c", "symbol": "ZLI", "name": "BMO Low Volatility International Equity 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": 58.127, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 89.872, "architecture_energy": 93.637, "architecture_maturity": 12.504, "architecture_confidence": 63.705, "architecture_tenure": "New", "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": 10.76, "rotation_up": 87.75, "upward_expansion": 99.46, "deceleration": 39.03, "rotation_down": 8.32, "downward_expansion": 21.46 }, "activity_lines": [ 30.518667, 30.122732, 29.630472, 29.49199 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 31.030001, "trend_reference": 29.376208, "distance_from_trend": 0.056297, "trend_direction": "Improving", "fair_value": 26.153306, "distance_from_fair_value": 0.186466, "fair_value_direction": "Improving", "relative_strength": -5.553324, "relative_strength_direction": "Improving", "price_momentum": 0.052462, "excess_performance": -0.067959, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.056297, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011614, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186466, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.064567, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055533, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.068976, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.052462, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.649351, "read": "Demand-led" } ], "volume": { "latest": 9700, "relative_activity": 0.432553, "balance": 6.649351, "dry_up": 1.587514, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.015601, "annualized_volatility": 0.134354, "from_high_reference": -0.002572, "from_low_reference": 0.100886 }, "levels": { "trend_reference": 29.376208, "fair_value_reference": 26.153306, "structural_low": 28.200508, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": 0.007704, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.007469, "regime_survival": 0.787879, "best_return": 0.073469, "worst_return": -0.04535, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.008322, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": -0.022415, "regime_survival": 0.583333, "best_return": 0.119322, "worst_return": -0.039868, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.037834, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.026048, "regime_survival": 0.333333, "best_return": 0.102057, "worst_return": -0.021419, "sufficient": true }, { 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29.23554, "fair_value": 26.036805, "relative_strength": -6.602099, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.652415, "energy": 79.826648, "activity_lines": [ 29.938666, 29.61365, 29.315911, 29.289168 ] }, { "date": "2026-07-31", "close": 30.66, "volume": 107300, "typical_volume": 24120.0, "trend": 29.310728, "fair_value": 26.094411, "relative_strength": -3.973655, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.346878, "energy": 86.782137, "activity_lines": [ 30.212666, 29.848908, 29.459794, 29.381069 ] }, { "date": "2026-08-07", "close": 31.030001, "volume": 9700, "typical_volume": 22425.0, "trend": 29.376208, "fair_value": 26.153306, "relative_strength": -5.553324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.871811, "energy": 93.637214, "activity_lines": [ 30.518667, 30.122732, 29.630472, 29.49199 ] } ], "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." } } }