{ "ticker": { "uuid": "5242449f-6ea0-4da3-9d3f-fe625c40dd88", "symbol": "ZEQ", "name": "BMO MSCI Europe High Quality Hedged to CAD 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 67.225, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.711, "architecture_energy": 69.473, "architecture_maturity": 23.129, "architecture_confidence": 77.677, "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": 11.9, "rotation_up": 59.71, "upward_expansion": 84.79, "deceleration": 52.07, "rotation_down": 20.89, "downward_expansion": 13.79 }, "activity_lines": [ 32.726, 32.550227, 32.041762, 31.704136 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 33.34, "trend_reference": 31.459995, "distance_from_trend": 0.059759, "trend_direction": "Improving", "fair_value": 29.503652, "distance_from_fair_value": 0.13003, "fair_value_direction": "Improving", "relative_strength": -3.91055, "relative_strength_direction": "Improving", "price_momentum": 0.051819, "excess_performance": -0.068602, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059759, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020788, "read": "Rising" }, { "label": "Price 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32.200001, "volume": 26100, "typical_volume": 26955.0, "trend": 31.338638, "fair_value": 29.419298, "relative_strength": -4.961301, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.170782, "energy": 62.423729, "activity_lines": [ 32.3532, 32.19522, 31.707928, 31.490129 ] }, { "date": "2026-07-31", "close": 32.720001, "volume": 53800, "typical_volume": 28015.0, "trend": 31.404248, "fair_value": 29.460236, "relative_strength": -2.818115, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.846776, "energy": 48.335816, "activity_lines": [ 32.450667, 32.327893, 31.851216, 31.579249 ] }, { "date": "2026-08-07", "close": 33.34, "volume": 30100, "typical_volume": 26685.0, "trend": 31.459995, "fair_value": 29.503652, "relative_strength": -3.91055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.710974, "energy": 69.473097, "activity_lines": [ 32.726, 32.550227, 32.041762, 31.704136 ] } ], "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." } } }