{
  "ticker": {
    "uuid": "4a1db061-8b30-4d72-9860-118f571609c0",
    "symbol": "CHPS",
    "name": "Global X Artificial Intelligence Semiconductor 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.404,
    "architecture_energy": 25.237,
    "architecture_maturity": 75.112,
    "architecture_confidence": 93.03,
    "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": 40.65,
        "rotation_up": 23.09,
        "upward_expansion": 56.62,
        "deceleration": 91.16,
        "rotation_down": 31.34,
        "downward_expansion": 20.29
      },
      "activity_lines": [
        83.796666,
        85.868181,
        84.055,
        79.255398
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 85.989998,
    "trend_reference": 73.095667,
    "distance_from_trend": 0.176403,
    "trend_direction": "Improving",
    "fair_value": 45.830506,
    "distance_from_fair_value": 0.876261,
    "fair_value_direction": "Weakening",
    "relative_strength": 18.998869,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.435559,
    "excess_performance": 0.315138,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.176403,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.161921,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.876261,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.064999,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.189989,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.127148,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.435559,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.047603,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 299100,
      "relative_activity": 1.446535,
      "balance": 1.047603,
      "dry_up": 1.712894,
      "accumulation_observations": 5,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.079312,
      "annualized_volatility": 0.368854,
      "from_high_reference": -0.107247,
      "from_low_reference": 0.929931
    },
    "levels": {
      "trend_reference": 73.095667,
      "fair_value_reference": 45.830506,
      "structural_low": 55.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.083536,
        "positive_rate": 0.846154,
        "directional_follow_through": 0.846154,
        "median_excess_return": 0.079593,
        "regime_survival": 0.538462,
        "best_return": 0.197559,
        "worst_return": -0.04846,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.091117,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.051744,
        "regime_survival": 0.166667,
        "best_return": 0.536581,
        "worst_return": 0.050166,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.27363,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.237553,
        "regime_survival": 0.5,
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        "worst_return": 0.040972,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.2808,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.176331,
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        "worst_return": -0.048331,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
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        "color": "amber",
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        "end": "2024-05-24",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-09-27",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.05998,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-12-27",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.069732,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-05-30",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "typical_volume": 113450.0,
        "trend": 58.990829,
        "fair_value": 40.253771,
        "relative_strength": 26.227263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 89.016114,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 116930.0,
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        "fair_value": 40.5719,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "trend": 60.482816,
        "fair_value": 40.937325,
        "relative_strength": 31.71362,
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        "direction": 91.033622,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 136875.0,
        "trend": 61.233316,
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        "relative_strength": 30.049939,
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        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 147575.0,
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        "fair_value": 41.641793,
        "relative_strength": 32.209735,
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        "modifier": "Re-accelerating",
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        "direction": 83.790077,
        "energy": 92.093035,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 85.300003,
        "volume": 312800,
        "typical_volume": 158645.0,
        "trend": 62.909334,
        "fair_value": 42.018755,
        "relative_strength": 34.548545,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 157080.0,
        "trend": 63.791836,
        "fair_value": 42.379507,
        "relative_strength": 30.910578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 70.684027,
        "energy": 79.068935,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 89.260002,
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        "typical_volume": 157540.0,
        "trend": 64.907336,
        "fair_value": 42.773201,
        "relative_strength": 37.289222,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 85.724088,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 159080.0,
        "trend": 67.391332,
        "fair_value": 43.609687,
        "relative_strength": 33.423388,
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        "gate": "up",
        "direction": 67.578581,
        "energy": 66.695532,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 50100,
        "typical_volume": 150820.0,
        "trend": 68.46017,
        "fair_value": 44.010907,
        "relative_strength": 32.520275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 90.529999,
        "volume": 298300,
        "typical_volume": 159530.0,
        "trend": 69.634002,
        "fair_value": 44.409433,
        "relative_strength": 32.409399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.347441,
        "energy": 64.568535,
        "activity_lines": [
          90.583332,
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      },
      {
        "date": "2026-07-17",
        "close": 82.059998,
        "volume": 350000,
        "typical_volume": 171120.0,
        "trend": 70.5355,
        "fair_value": 44.758054,
        "relative_strength": 19.390984,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.895824,
        "energy": 45.021258,
        "activity_lines": [
          87.656665,
          87.759999,
          82.279428,
          76.94543
        ]
      },
      {
        "date": "2026-07-24",
        "close": 83.809998,
        "volume": 271300,
        "typical_volume": 178435.0,
        "trend": 71.469,
        "fair_value": 45.110448,
        "relative_strength": 20.756064,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.749207,
        "energy": 35.882159,
        "activity_lines": [
          85.793332,
          87.265454,
          83.036428,
          77.801849
        ]
      },
      {
        "date": "2026-07-31",
        "close": 80.230003,
        "volume": 496300,
        "typical_volume": 196900.0,
        "trend": 72.221,
        "fair_value": 45.447657,
        "relative_strength": 15.408941,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.384035,
        "energy": 23.49138,
        "activity_lines": [
          83.551333,
          86.025091,
          83.324143,
          78.367075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 85.989998,
        "volume": 299100,
        "typical_volume": 206770.0,
        "trend": 73.095667,
        "fair_value": 45.830506,
        "relative_strength": 18.998869,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.40411,
        "energy": 25.236984,
        "activity_lines": [
          83.796666,
          85.868181,
          84.055,
          79.255398
        ]
      }
    ],
    "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."
    }
  }
}