{ "ticker": { "uuid": "43007ee2-3076-49fc-b673-d3396177adcc", "symbol": "CWW", "name": "iShares Global Water Index ETF Common Class", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 87.437, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 66.102, "architecture_energy": 40.838, "architecture_maturity": 24.797, "architecture_confidence": 41.505, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 35.15, "rotation_up": 52.58, "upward_expansion": 71.2, "deceleration": 68.43, "rotation_down": 19.17, "downward_expansion": 9.2 }, "activity_lines": [ 67.680667, 67.525544, 66.403705, 66.162375 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 68.470001, "trend_reference": 66.140192, "distance_from_trend": 0.035225, "trend_direction": "Improving", "fair_value": 61.764456, "distance_from_fair_value": 0.108566, "fair_value_direction": "Improving", "relative_strength": -8.101818, "relative_strength_direction": "Improving", "price_momentum": 0.01764, "excess_performance": -0.102781, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035225, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.108566, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038288, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.081018, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.037016, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.01764, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.426166, "read": "Supply-led" } ], "volume": { "latest": 3100, "relative_activity": 0.331197, "balance": 0.426166, "dry_up": 0.718483, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.025728, "annualized_volatility": 0.173518, "from_high_reference": -0.016456, "from_low_reference": 0.106138 }, "levels": { "trend_reference": 66.140192, "fair_value_reference": 61.764456, "structural_low": 61.900054, "invalidation": "A 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"activity_lines": [ 67.139661, 65.66639, 65.377891, 65.603412 ] }, { "date": "2026-07-10", "close": 68.110001, "volume": 6800, "typical_volume": 11235.0, "trend": 65.875035, "fair_value": 61.432683, "relative_strength": -7.284304, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.712371, "energy": 58.735093, "activity_lines": [ 67.792557, 66.249869, 65.623243, 65.754018 ] }, { "date": "2026-07-17", "close": 67.489998, "volume": 7200, "typical_volume": 10815.0, "trend": 65.939608, "fair_value": 61.511949, "relative_strength": -7.677284, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.377674, "energy": 61.539375, "activity_lines": [ 67.940286, 66.651882, 65.8142, 65.85821 ] }, { "date": "2026-07-24", "close": 67.230003, "volume": 7600, "typical_volume": 10045.0, "trend": 65.990783, "fair_value": 61.590033, "relative_strength": -7.972855, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.372353, "energy": 57.563395, "activity_lines": [ 67.786001, 66.96147, 65.988524, 65.941461 ] }, { "date": "2026-07-31", "close": 67.019997, "volume": 9000, "typical_volume": 9895.0, "trend": 66.075046, "fair_value": 61.67225, "relative_strength": -7.494034, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.066895, "energy": 29.752628, "activity_lines": [ 67.447333, 67.144475, 66.133133, 66.007862 ] }, { "date": "2026-08-07", "close": 68.470001, "volume": 3100, "typical_volume": 9360.0, "trend": 66.140192, "fair_value": 61.764456, "relative_strength": -8.101818, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.102309, "energy": 40.838278, "activity_lines": [ 67.680667, 67.525544, 66.403705, 66.162375 ] } ], "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." } } }