{ "ticker": { "uuid": "47d179cc-b2e9-4051-a02f-33c8cb4c83b8", "symbol": "ZUT", "name": "BMO Equal Weight Utilities 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": 62.529, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 40.616, "architecture_energy": 35.764, "architecture_maturity": 72.349, "architecture_confidence": 48.698, "architecture_tenure": "Developing", "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": 28.83, "rotation_up": 39.42, "upward_expansion": 66.94, "deceleration": 65.38, "rotation_down": 29.65, "downward_expansion": 19.27 }, "activity_lines": [ 29.982517, 30.056149, 29.797149, 29.347749 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 29.23, "trend_reference": 28.545142, "distance_from_trend": 0.023992, "trend_direction": "Improving", "fair_value": 22.582732, "distance_from_fair_value": 0.294352, "fair_value_direction": "Weakening", "relative_strength": -4.379148, "relative_strength_direction": "Weakening", "price_momentum": 0.125327, "excess_performance": 0.004906, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023992, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054717, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.294352, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.024895, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.043791, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.036217, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.125327, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.746069, "read": "Demand-led" } ], "volume": { "latest": 306600, "relative_activity": 1.545558, "balance": 1.746069, "dry_up": 1.475236, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.020522, "annualized_volatility": 0.148909, "from_high_reference": -0.058065, "from_low_reference": 0.222481 }, "levels": { "trend_reference": 28.545142, "fair_value_reference": 22.582732, "structural_low": 25.845889, 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28.52898 ] }, { "date": "2026-07-03", "close": 29.994152, "volume": 16000, "typical_volume": 233705.0, "trend": 27.718284, "fair_value": 22.254131, "relative_strength": 0.785022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.562223, "energy": 81.375895, "activity_lines": [ 30.036795, 29.794831, 29.326333, 28.685795 ] }, { "date": "2026-07-10", "close": 30.133846, "volume": 223500, "typical_volume": 229155.0, "trend": 27.883393, "fair_value": 22.317821, "relative_strength": 1.162071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.623978, "energy": 71.492185, "activity_lines": [ 30.09623, 29.906571, 29.450411, 28.841637 ] }, { "date": "2026-07-17", "close": 30.22365, "volume": 149100, "typical_volume": 204630.0, "trend": 28.053838, "fair_value": 22.38098, "relative_strength": 1.674102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.413799, "energy": 69.743766, "activity_lines": [ 30.154391, 30.007543, 29.568708, 28.992622 ] }, { "date": "2026-07-24", "close": 30.882204, "volume": 210500, "typical_volume": 198545.0, "trend": 28.239205, "fair_value": 22.450901, "relative_strength": 3.635503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.798512, "energy": 70.489054, "activity_lines": [ 30.405517, 30.200973, 29.738408, 29.175097 ] }, { "date": "2026-07-31", "close": 30.09, "volume": 504400, "typical_volume": 213240.0, "trend": 28.404695, "fair_value": 22.519836, "relative_strength": 1.500704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.510674, "energy": 57.790271, "activity_lines": [ 30.327441, 30.211112, 29.814804, 29.294503 ] }, { "date": "2026-08-07", "close": 29.23, "volume": 306600, "typical_volume": 198375.0, "trend": 28.545142, "fair_value": 22.582732, "relative_strength": -4.379148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.615528, "energy": 35.764021, "activity_lines": [ 29.982517, 30.056149, 29.797149, 29.347749 ] } ], "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." } } }