{ "ticker": { "uuid": "4ac7f4a0-6033-4365-b71b-87fd8729c57f", "symbol": "HNU", "name": "BetaPro Natural Gas Leveraged Daily Bull 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -81.221, "architecture_energy": 87.977, "architecture_maturity": 66.0, "architecture_confidence": 81.862, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 5.38, "rotation_up": 9.62, "upward_expansion": 20.31, "deceleration": 37.16, "rotation_down": 83.87, "downward_expansion": 98.31 }, "activity_lines": [ 8.036667, 8.877818, 9.536476, 10.384366 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 7.35, "trend_reference": 12.058, "distance_from_trend": -0.390446, "trend_direction": "Weakening", "fair_value": 46.086602, "distance_from_fair_value": -0.840518, "fair_value_direction": "Weakening", "relative_strength": -57.33932, "relative_strength_direction": "Improving", "price_momentum": -0.54461, "excess_performance": -0.665031, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.390446, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.228156, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.840518, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.000466, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.573393, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010936, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.54461, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.584502, "read": "Supply-led" } ], "volume": { "latest": 8818300, "relative_activity": 0.880104, "balance": 0.584502, "dry_up": 1.081878, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.162533, "annualized_volatility": 0.629448, "from_high_reference": -0.765176, "from_low_reference": 0.036671 }, "levels": { "trend_reference": 12.058, "fair_value_reference": 46.086602, "structural_low": 7.09, 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10.803333, 10.581636, 10.84919, 12.037634 ] }, { "date": "2026-07-03", "close": 10.62, "volume": 1104300, "typical_volume": 10482390.0, "trend": 13.298, "fair_value": 51.575192, "relative_strength": -43.645811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.615343, "energy": 30.767049, "activity_lines": [ 10.722, 10.634545, 10.765143, 11.824839 ] }, { "date": "2026-07-10", "close": 8.78, "volume": 14326200, "typical_volume": 10522355.0, "trend": 12.999667, "fair_value": 50.572244, "relative_strength": -52.26567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.195995, "energy": 47.67053, "activity_lines": [ 10.081333, 10.328182, 10.522762, 11.533355 ] }, { "date": "2026-07-17", "close": 8.64, "volume": 12449300, "typical_volume": 10523870.0, "trend": 12.739333, "fair_value": 49.423782, "relative_strength": -51.488871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.177042, "energy": 57.325999, "activity_lines": [ 9.534667, 10.017273, 10.288333, 11.252086 ] }, { "date": "2026-07-24", "close": 8.7, "volume": 9378600, "typical_volume": 10187170.0, "trend": 12.466667, "fair_value": 48.338782, "relative_strength": -50.239694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.729596, "energy": 74.116036, "activity_lines": [ 9.114, 9.734909, 10.076476, 10.991484 ] }, { "date": "2026-07-31", "close": 7.91, "volume": 12713800, "typical_volume": 10170675.0, "trend": 12.203667, "fair_value": 47.299487, "relative_strength": -53.555916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.006963, "energy": 83.761649, "activity_lines": [ 8.563333, 9.340909, 9.81819, 10.697505 ] }, { "date": "2026-08-07", "close": 7.35, "volume": 8818300, "typical_volume": 10019610.0, "trend": 12.058, "fair_value": 46.086602, "relative_strength": -57.33932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.220624, "energy": 87.977091, "activity_lines": [ 8.036667, 8.877818, 9.536476, 10.384366 ] } ], "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." } } }