{ "ticker": { "uuid": "3fd12587-2c1e-47db-99f2-06f83392ee6e", "symbol": "ZSML", "name": "BMO S&P US Small Cap 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.961, "architecture_energy": 59.217, "architecture_maturity": 94.492, "architecture_confidence": 54.134, "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": 17.31, "rotation_up": 45.84, "upward_expansion": 75.17, "deceleration": 74.33, "rotation_down": 29.36, "downward_expansion": 15.5 }, "activity_lines": [ 54.363667, 54.351663, 52.904039, 51.372695 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 55.055, "trend_reference": 49.613951, "distance_from_trend": 0.109668, "trend_direction": "Improving", "fair_value": 41.572908, "distance_from_fair_value": 0.3243, "fair_value_direction": "Improving", "relative_strength": 3.90946, "relative_strength_direction": "Improving", "price_momentum": 0.155194, "excess_performance": 0.034773, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.109668, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068594, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.3243, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070863, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.039095, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.023318, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155194, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.986877, "read": "Supply-led" } ], "volume": { "latest": 3000, "relative_activity": 0.527704, "balance": 0.986877, "dry_up": 0.699208, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.026939, "annualized_volatility": 0.143034, "from_high_reference": -0.02523, "from_low_reference": 0.379913 }, "levels": { "trend_reference": 49.613951, "fair_value_reference": 41.572908, "structural_low": 43.49102, 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41.087895, "relative_strength": 6.466966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.393042, "energy": 88.255939, "activity_lines": [ 54.679613, 53.40168, 51.317466, 49.980094 ] }, { "date": "2026-07-17", "close": 54.049999, "volume": 4000, "typical_volume": 6055.0, "trend": 48.694722, "fair_value": 41.209951, "relative_strength": 5.4416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.773608, "energy": 81.694189, "activity_lines": [ 54.567325, 53.721436, 51.753989, 50.345409 ] }, { "date": "2026-07-24", "close": 54.130001, "volume": 7600, "typical_volume": 6215.0, "trend": 49.008156, "fair_value": 41.329605, "relative_strength": 5.216496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.567071, "energy": 64.901991, "activity_lines": [ 54.424267, 53.98403, 52.163637, 50.696072 ] }, { "date": "2026-07-31", "close": 53.77, "volume": 1300, "typical_volume": 5625.0, "trend": 49.329186, "fair_value": 41.446084, "relative_strength": 4.894352, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.099317, "energy": 59.568294, "activity_lines": [ 54.139667, 54.084065, 52.49508, 51.003288 ] }, { "date": "2026-08-07", "close": 55.055, "volume": 3000, "typical_volume": 5685.0, "trend": 49.613951, "fair_value": 41.572908, "relative_strength": 3.90946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.96127, "energy": 59.216548, "activity_lines": [ 54.363667, 54.351663, 52.904039, 51.372695 ] } ], "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." } } }