{ "ticker": { "uuid": "3908616e-e0db-4521-b43c-88a21d25f2a4", "symbol": "CM", "name": "Canadian Imperial Bank of Commerce", "exchange": "TOR", "country": "CA", "assetType": "equity" }, "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": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.279, "architecture_energy": 61.473, "architecture_maturity": 67.139, "architecture_confidence": 78.632, "architecture_tenure": "Established", "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": 20.9, "rotation_up": 54.99, "upward_expansion": 82.27, "deceleration": 69.6, "rotation_down": 24.63, "downward_expansion": 11.27 }, "activity_lines": [ 166.416663, 164.746082, 159.850126, 154.169502 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 165.639999, "trend_reference": 146.435848, "distance_from_trend": 0.131144, "trend_direction": "Improving", "fair_value": 91.125608, "distance_from_fair_value": 0.817711, "fair_value_direction": "Weakening", "relative_strength": 11.643186, "relative_strength_direction": "Weakening", "price_momentum": 0.264248, "excess_performance": 0.143826, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.131144, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.100361, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.817711, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008251, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.116432, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.035764, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.264248, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.891538, "read": "Demand-led" } ], "volume": { "latest": 7782000, "relative_activity": 0.817931, "balance": 1.891538, "dry_up": 1.154636, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.035778, "annualized_volatility": 0.195203, "from_high_reference": -0.034957, "from_low_reference": 0.699132 }, "levels": { "trend_reference": 146.435848, "fair_value_reference": 91.125608, "structural_low": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.486447, "energy": 92.932442, "activity_lines": [ 165.497748, 161.499993, 155.600831, 149.899397 ] }, { "date": "2026-07-24", "close": 165.679993, "volume": 13692200, "typical_volume": 10026745.0, "trend": 143.727947, "fair_value": 89.637801, "relative_strength": 16.059457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.431256, "energy": 82.34799, "activity_lines": [ 166.184664, 162.770167, 157.164448, 151.40419 ] }, { "date": "2026-07-31", "close": 166.039993, "volume": 12552400, "typical_volume": 9994425.0, "trend": 145.089721, "fair_value": 90.380274, "relative_strength": 16.153494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.748216, "energy": 70.665315, "activity_lines": [ 166.562663, 163.862931, 158.612647, 152.843677 ] }, { "date": "2026-08-07", "close": 165.639999, "volume": 7782000, "typical_volume": 9514255.0, "trend": 146.435848, "fair_value": 91.125608, "relative_strength": 11.643186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.278983, "energy": 61.47325, "activity_lines": [ 166.416663, 164.746082, 159.850126, 154.169502 ] } ], "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." } } }