{ "ticker": { "uuid": "470413c5-5078-490e-bec1-22434bc02c83", "symbol": "XSU", "name": "iShares U.S. Small Cap Index ETF (CAD-Hedged)", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 63.783, "architecture_energy": 46.394, "architecture_maturity": 53.857, "architecture_confidence": 81.874, "architecture_tenure": "New", "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": 22.69, "rotation_up": 42.03, "upward_expansion": 66.14, "deceleration": 87.7, "rotation_down": 27.24, "downward_expansion": 18.47 }, "activity_lines": [ 55.326667, 55.350509, 54.476376, 53.159297 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 56.48, "trend_reference": 51.723747, "distance_from_trend": 0.091955, "trend_direction": "Improving", "fair_value": 42.643695, "distance_from_fair_value": 0.324463, "fair_value_direction": "Improving", "relative_strength": 1.891603, "relative_strength_direction": "Weakening", "price_momentum": 0.126446, "excess_performance": 0.006025, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091955, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055297, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.324463, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028048, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018916, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.012889, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.126446, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.999315, "read": "Supply-led" } ], "volume": { "latest": 57900, "relative_activity": 0.422196, "balance": 0.999315, "dry_up": 0.687801, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.026547, "annualized_volatility": 0.164362, "from_high_reference": -0.004933, "from_low_reference": 0.351604 }, "levels": { "trend_reference": 51.723747, "fair_value_reference": 42.643695, "structural_low": 45.040001, "invalidation": "A 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.881388, "energy": 77.160868, "activity_lines": [ 55.054812, 54.248714, 52.396398, 51.410572 ] }, { "date": "2026-07-03", "close": 56.200001, "volume": 700, "typical_volume": 212125.0, "trend": 50.519409, "fair_value": 42.064816, "relative_strength": 4.774711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.43759, "energy": 86.268591, "activity_lines": [ 55.568531, 54.717943, 52.894053, 51.795861 ] }, { "date": "2026-07-10", "close": 55.470001, "volume": 117900, "typical_volume": 194100.0, "trend": 50.768549, "fair_value": 42.184343, "relative_strength": 3.231202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.123982, "energy": 80.804531, "activity_lines": [ 55.715317, 54.97615, 53.291375, 52.115254 ] }, { "date": "2026-07-17", "close": 55.150002, "volume": 155000, "typical_volume": 190720.0, "trend": 51.02062, "fair_value": 42.29838, "relative_strength": 2.736113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.536395, "energy": 74.420686, "activity_lines": [ 55.572846, 55.119311, 53.632363, 52.397928 ] }, { "date": "2026-07-24", "close": 54.549999, "volume": 75500, "typical_volume": 169625.0, "trend": 51.241414, "fair_value": 42.405945, "relative_strength": 1.328622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.685796, "energy": 52.499369, "activity_lines": [ 55.210001, 55.118825, 53.888876, 52.62563 ] }, { "date": "2026-07-31", "close": 54.52, "volume": 88900, "typical_volume": 152620.0, "trend": 51.486747, "fair_value": 42.516506, "relative_strength": 1.638968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.483305, "energy": 39.414612, "activity_lines": [ 54.892667, 55.066585, 54.108578, 52.837152 ] }, { "date": "2026-08-07", "close": 56.48, "volume": 57900, "typical_volume": 137140.0, "trend": 51.723747, "fair_value": 42.643695, "relative_strength": 1.891603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.782918, "energy": 46.394266, "activity_lines": [ 55.326667, 55.350509, 54.476376, 53.159297 ] } ], "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." } } }