{ "ticker": { "uuid": "5e282163-7751-4e02-b9a9-d149f1c3701f", "symbol": "TECH-B", "name": "Evolve FANGMA Index ETF Unhedged CAD", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 77.093, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 62.125, "architecture_energy": 35.5, "architecture_maturity": 20.355, "architecture_confidence": 64.063, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 28.49, "rotation_up": 59.7, "upward_expansion": 73.13, "deceleration": 47.22, "rotation_down": 17.49, "downward_expansion": 11.8 }, "activity_lines": [ 25.081874, 24.811825, 24.873554, 24.554804 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 26.1, "trend_reference": 24.179299, "distance_from_trend": 0.079436, "trend_direction": "Weakening", "fair_value": 20.085848, "distance_from_fair_value": 0.299422, "fair_value_direction": "Weakening", "relative_strength": -5.094114, "relative_strength_direction": "Weakening", "price_momentum": 0.125377, "excess_performance": 0.004956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079436, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.002135, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.299422, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.040963, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050941, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007889, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.125377, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.345048, "read": "Demand-led" } ], "volume": { "latest": 14800, "relative_activity": 2.056984, "balance": 1.345048, "dry_up": 1.553162, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.035941, "annualized_volatility": 0.23562, "from_high_reference": -0.021372, "from_low_reference": 0.195899 }, "levels": { "trend_reference": 24.179299, "fair_value_reference": 20.085848, "structural_low": 21.824581, "invalidation": "A 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"date": "2026-07-10", "close": 25.137957, "volume": 5500, "typical_volume": 6100.0, "trend": 24.13259, "fair_value": 19.769984, "relative_strength": -7.022714, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.080734, "energy": 25.843293, "activity_lines": [ 24.54627, 24.774913, 24.669316, 24.355516 ] }, { "date": "2026-07-17", "close": 24.847982, "volume": 13600, "typical_volume": 6315.0, "trend": 24.144265, "fair_value": 19.850417, "relative_strength": -7.722352, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.171383, "energy": 19.038003, "activity_lines": [ 24.698396, 24.744157, 24.724485, 24.40167 ] }, { "date": "2026-07-24", "close": 23.818064, "volume": 4300, "typical_volume": 6155.0, "trend": 24.118945, "fair_value": 19.921066, "relative_strength": -11.48314, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.03309, "energy": 7.118829, "activity_lines": [ 24.455883, 24.538105, 24.673882, 24.380625 ] }, { "date": "2026-07-31", "close": 24.860001, "volume": 12000, "typical_volume": 6565.0, "trend": 24.141283, "fair_value": 19.999053, "relative_strength": -6.938769, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.731592, "energy": 19.235264, "activity_lines": [ 24.612674, 24.554184, 24.719589, 24.428435 ] }, { "date": "2026-08-07", "close": 26.1, "volume": 14800, "typical_volume": 7195.0, "trend": 24.179299, "fair_value": 20.085848, "relative_strength": -5.094114, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.125157, "energy": 35.499884, "activity_lines": [ 25.081874, 24.811825, 24.873554, 24.554804 ] } ], "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." } } }