{ "ticker": { "uuid": "4fb29639-38c2-4d88-8b92-286dca6fc7d6", "symbol": "MUMC-B", "name": "Manulife Multifactor U.S. Mid Cap Index ETF (Unhedged)", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.972, "architecture_energy": 65.223, "architecture_maturity": 91.192, "architecture_confidence": 51.226, "architecture_tenure": "Established", "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": 25.31, "rotation_up": 48.8, "upward_expansion": 76.17, "deceleration": 74.31, "rotation_down": 29.51, "downward_expansion": 16.5 }, "activity_lines": [ 63.423335, 63.353515, 62.270417, 61.098708 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 64.370003, "trend_reference": 59.745805, "distance_from_trend": 0.077398, "trend_direction": "Improving", "fair_value": 51.695919, "distance_from_fair_value": 0.245166, "fair_value_direction": "Improving", "relative_strength": -1.874764, "relative_strength_direction": "Improving", "price_momentum": 0.126137, "excess_performance": 0.005716, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077398, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037353, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.245166, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.04689, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018748, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.031819, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.126137, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.521739, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.521739, "dry_up": 0.213568, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.015966, "annualized_volatility": 0.113715, "from_high_reference": -0.011821, "from_low_reference": 0.205368 }, "levels": { "trend_reference": 59.745805, "fair_value_reference": 51.695919, "structural_low": 54.5, "invalidation": 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"gate": "up", "direction": 68.410811, "energy": 88.430062, "activity_lines": [ 63.562068, 62.696227, 61.059495, 60.043804 ] }, { "date": "2026-07-17", "close": 62.830002, "volume": 500, "typical_volume": 2025.0, "trend": 59.050187, "fair_value": 51.283071, "relative_strength": -1.782636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.67248, "energy": 85.169883, "activity_lines": [ 63.39685, 62.870708, 61.358857, 60.300092 ] }, { "date": "2026-07-24", "close": 62.82, "volume": 1200, "typical_volume": 2085.0, "trend": 59.231138, "fair_value": 51.416143, "relative_strength": -1.882714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.19011, "energy": 63.961171, "activity_lines": [ 63.181773, 62.987533, 61.637885, 60.543306 ] }, { "date": "2026-07-31", "close": 62.98, "volume": 0, "typical_volume": 2080.0, "trend": 59.510138, "fair_value": 51.551543, "relative_strength": -1.006692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.686856, "energy": 55.357773, "activity_lines": [ 63.034667, 63.065465, 61.906531, 60.785168 ] }, { "date": "2026-08-07", "close": 64.370003, "volume": 0, "typical_volume": 1990.0, "trend": 59.745805, "fair_value": 51.695919, "relative_strength": -1.874764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.972013, "energy": 65.22308, "activity_lines": [ 63.423335, 63.353515, 62.270417, 61.098708 ] } ], "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." } } }