{ "ticker": { "uuid": "37e56f8d-46da-4712-8c3f-311ccf73e0a5", "symbol": "NRGY", "name": "Global X Equal Weight Canadian Oil & Gas 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 58.209, "architecture_energy": 59.672, "architecture_maturity": 7.898, "architecture_confidence": 82.724, "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": 31.09, "rotation_up": 64.01, "upward_expansion": 82.45, "deceleration": 51.07, "rotation_down": 12.56, "downward_expansion": 11.45 }, "activity_lines": [ 28.870393, 28.455211, 28.21166, 27.714944 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 27.99, "trend_reference": 26.689464, "distance_from_trend": 0.048728, "trend_direction": "Improving", "fair_value": 21.797007, "distance_from_fair_value": 0.284121, "fair_value_direction": "Weakening", "relative_strength": 3.587153, "relative_strength_direction": "Weakening", "price_momentum": 0.199494, "excess_performance": 0.079073, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048728, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.098196, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284121, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.036233, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.035872, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.080761, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.199494, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.3029, "read": "Demand-led" } ], "volume": { "latest": 17300, "relative_activity": 0.523766, "balance": 2.3029, "dry_up": 0.49122, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.040655, "annualized_volatility": 0.258879, "from_high_reference": -0.069287, "from_low_reference": 0.456567 }, "levels": { "trend_reference": 26.689464, "fair_value_reference": 21.797007, "structural_low": 23.245812, "invalidation": 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"stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.245212, "energy": 22.809214, "activity_lines": [ 27.459451, 27.83176, 27.647037, 26.9317 ] }, { "date": "2026-07-17", "close": 28.836847, "volume": 11900, "typical_volume": 46005.0, "trend": 25.871514, "fair_value": 21.549893, "relative_strength": 11.086205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.603842, "energy": 27.446077, "activity_lines": [ 27.868236, 27.974282, 27.79601, 27.14093 ] }, { "date": "2026-07-24", "close": 29.88419, "volume": 20300, "typical_volume": 41885.0, "trend": 26.172367, "fair_value": 21.642496, "relative_strength": 14.339895, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.414785, "energy": 49.098084, "activity_lines": [ 28.617737, 28.280043, 28.026227, 27.399813 ] }, { "date": "2026-07-31", "close": 29.51, "volume": 15400, "typical_volume": 38635.0, "trend": 26.443101, "fair_value": 21.728952, "relative_strength": 13.003885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.149941, "energy": 69.35634, "activity_lines": [ 29.076526, 28.505539, 28.199156, 27.615144 ] }, { "date": "2026-08-07", "close": 27.99, "volume": 17300, "typical_volume": 33030.0, "trend": 26.689464, "fair_value": 21.797007, "relative_strength": 3.587153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.208658, "energy": 59.672127, "activity_lines": [ 28.870393, 28.455211, 28.21166, 27.714944 ] } ], "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." } } }