{ "ticker": { "uuid": "28090816-2d6f-4263-b046-c18f654b4a25", "symbol": "COMM", "name": "BMO Global Communications Index 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": 68.042, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 34.506, "architecture_energy": 18.351, "architecture_maturity": 62.279, "architecture_confidence": 76.533, "architecture_tenure": "Developing", "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": 50.44, "rotation_up": 29.3, "upward_expansion": 50.09, "deceleration": 82.22, "rotation_down": 28.77, "downward_expansion": 25.75 }, "activity_lines": [ 48.324667, 48.38365, 48.425001, 47.874487 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 49.130001, "trend_reference": 47.08256, "distance_from_trend": 0.043486, "trend_direction": "Improving", "fair_value": 39.867356, "distance_from_fair_value": 0.232337, "fair_value_direction": "Weakening", "relative_strength": -7.821621, "relative_strength_direction": "Improving", "price_momentum": 0.078056, "excess_performance": -0.042365, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043486, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011107, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.232337, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.012347, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078216, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010719, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.078056, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.141176, "read": "Demand-led" } ], "volume": { "latest": 3100, "relative_activity": 0.777917, "balance": 1.141176, "dry_up": 1.606023, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.02527, "annualized_volatility": 0.130151, "from_high_reference": -0.02358, "from_low_reference": 0.113642 }, "levels": { "trend_reference": 47.08256, "fair_value_reference": 39.867356, "structural_low": 44.266132, "invalidation": 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[ 48.352048, 48.670928, 47.999317, 47.366767 ] }, { "date": "2026-07-10", "close": 49.650002, "volume": 2100, "typical_volume": 4770.0, "trend": 46.831578, "fair_value": 39.347835, "relative_strength": -5.456612, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.955368, "energy": 39.411609, "activity_lines": [ 48.723215, 48.859023, 48.228049, 47.554866 ] }, { "date": "2026-07-17", "close": 48.110001, "volume": 2400, "typical_volume": 4855.0, "trend": 46.873938, "fair_value": 39.478834, "relative_strength": -7.971314, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.581593, "energy": 23.97686, "activity_lines": [ 48.536367, 48.727362, 48.289701, 47.637345 ] }, { "date": "2026-07-24", "close": 47.849998, "volume": 3600, "typical_volume": 3860.0, "trend": 46.911053, "fair_value": 39.604521, "relative_strength": -8.392137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.202682, "energy": 22.304311, "activity_lines": [ 48.3082, 48.535767, 48.316551, 47.700317 ] }, { "date": "2026-07-31", "close": 47.450001, "volume": 16500, "typical_volume": 4065.0, "trend": 46.969305, "fair_value": 39.730714, "relative_strength": -8.431649, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.91045, "energy": 9.740316, "activity_lines": [ 48.029334, 48.284912, 48.295934, 47.735087 ] }, { "date": "2026-08-07", "close": 49.130001, "volume": 3100, "typical_volume": 3985.0, "trend": 47.08256, "fair_value": 39.867356, "relative_strength": -7.821621, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.505596, "energy": 18.350705, "activity_lines": [ 48.324667, 48.38365, 48.425001, 47.874487 ] } ], "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." } } }