{ "ticker": { "uuid": "5b5b7ecc-18a3-4c3e-bd93-df1aefd6f76e", "symbol": "ZGQ", "name": "BMO MSCI All Country World High Quality 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": 85.168, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 75.08, "architecture_energy": 47.624, "architecture_maturity": 60.57, "architecture_confidence": 71.347, "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": 23.53, "rotation_up": 44.01, "upward_expansion": 73.96, "deceleration": 91.42, "rotation_down": 29.14, "downward_expansion": 11.96 }, "activity_lines": [ 89.475332, 89.43391, 88.168919, 86.31607 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 91.519997, "trend_reference": 84.236927, "distance_from_trend": 0.086459, "trend_direction": "Improving", "fair_value": 71.096865, "distance_from_fair_value": 0.287258, "fair_value_direction": "Improving", "relative_strength": -0.856278, "relative_strength_direction": "Improving", "price_momentum": 0.122908, "excess_performance": 0.002487, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086459, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034265, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.287258, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022903, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008563, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.012518, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.122908, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.796981, "read": "Supply-led" } ], "volume": { "latest": 35000, "relative_activity": 0.722394, "balance": 0.796981, "dry_up": 1.037152, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.025257, "annualized_volatility": 0.157026, "from_high_reference": -0.007806, "from_low_reference": 0.23663 }, "levels": { "trend_reference": 84.236927, "fair_value_reference": 71.096865, "structural_low": 75.110001, "invalidation": "A 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"downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.092702, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.023571, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.030928, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-01-02", "tenure": "Established", "return": 0.040769, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-03-20", "tenure": "Developing", "return": -0.071332, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": 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"relative_strength": -2.151821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.927276, "energy": 52.611536, "activity_lines": [ 89.066866, 88.991439, 87.267605, 85.518915 ] }, { "date": "2026-07-31", "close": 88.330002, "volume": 56600, "typical_volume": 50920.0, "trend": 83.906345, "fair_value": 70.844416, "relative_strength": -1.287747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.932843, "energy": 37.639759, "activity_lines": [ 88.744, 88.934181, 87.590648, 85.824867 ] }, { "date": "2026-08-07", "close": 91.519997, "volume": 35000, "typical_volume": 48450.0, "trend": 84.236927, "fair_value": 71.096865, "relative_strength": -0.856278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.080406, "energy": 47.624452, "activity_lines": [ 89.475332, 89.43391, 88.168919, 86.31607 ] } ], "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." } } }