{ "ticker": { "uuid": "534fa8d5-7f67-46dc-bd10-ef764379470b", "symbol": "EMAX", "name": "Hamilton Energy YIELD MAXIMIZER 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": 76.73, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 51.956, "architecture_energy": 41.462, "architecture_maturity": 3.645, "architecture_confidence": 66.411, "architecture_tenure": "New", "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": 32.75, "rotation_up": 64.09, "upward_expansion": 75.06, "deceleration": 58.0, "rotation_down": 11.99, "downward_expansion": 6.4 }, "activity_lines": [ 16.612168, 16.332906, 16.292888, 16.22883 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 16.26, "trend_reference": 15.932379, "distance_from_trend": 0.020563, "trend_direction": "Improving", "fair_value": 13.483374, "distance_from_fair_value": 0.20593, "fair_value_direction": "Improving", "relative_strength": -1.125038, "relative_strength_direction": "Weakening", "price_momentum": 0.093576, "excess_performance": -0.026845, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020563, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064042, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.20593, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.000584, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01125, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054655, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.093576, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.221916, "read": "Demand-led" } ], "volume": { "latest": 135800, "relative_activity": 0.4678, "balance": 2.221916, "dry_up": 0.669491, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.041609, "annualized_volatility": 0.246356, "from_high_reference": -0.091312, "from_low_reference": 0.377234 }, "levels": { "trend_reference": 15.932379, "fair_value_reference": 13.483374, "structural_low": 14.617457, 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"activity_lines": [ 15.941357, 16.021631, 16.16621, 16.026366 ] }, { "date": "2026-07-24", "close": 17.005653, "volume": 205500, "typical_volume": 329675.0, "trend": 15.716895, "fair_value": 13.434512, "relative_strength": 6.6249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.739909, "energy": 28.061717, "activity_lines": [ 16.341902, 16.17412, 16.237978, 16.118411 ] }, { "date": "2026-07-31", "close": 17.01, "volume": 140800, "typical_volume": 309220.0, "trend": 15.841601, "fair_value": 13.462016, "relative_strength": 6.906324, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.580604, "energy": 47.810356, "activity_lines": [ 16.653437, 16.322967, 16.303431, 16.201837 ] }, { "date": "2026-08-07", "close": 16.26, "volume": 135800, "typical_volume": 290295.0, "trend": 15.932379, "fair_value": 13.483374, "relative_strength": -1.125038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.956276, "energy": 41.46196, "activity_lines": [ 16.612168, 16.332906, 16.292888, 16.22883 ] } ], "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." } } }