{ "ticker": { "uuid": "61f9b39f-f0fc-4191-bfb5-58b9ca5c6f37", "symbol": "ZLU", "name": "BMO Low Volatility US Equity ETF (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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 67.705, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.519, "architecture_energy": 41.915, "architecture_maturity": 66.755, "architecture_confidence": 51.464, "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": 16.45, "rotation_up": 46.36, "upward_expansion": 74.96, "deceleration": 68.59, "rotation_down": 27.13, "downward_expansion": 10.62 }, "activity_lines": [ 64.772001, 64.741897, 63.695868, 62.987457 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 65.160004, "trend_reference": 62.099036, "distance_from_trend": 0.049292, "trend_direction": "Improving", "fair_value": 55.164267, "distance_from_fair_value": 0.181199, "fair_value_direction": "Improving", "relative_strength": -5.299307, "relative_strength_direction": "Improving", "price_momentum": 0.07001, "excess_performance": -0.050412, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049292, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02586, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.181199, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053728, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052993, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043398, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.07001, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.906865, "read": "Supply-led" } ], "volume": { "latest": 62000, "relative_activity": 1.508332, "balance": 0.906865, "dry_up": 1.59348, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.02439, "annualized_volatility": 0.135595, "from_high_reference": -0.022795, "from_low_reference": 0.149297 }, "levels": { "trend_reference": 62.099036, "fair_value_reference": 55.164267, "structural_low": 59.053828, 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"modifier": "Early expansion", "gate": "up", "direction": 64.802216, "energy": 73.747952, "activity_lines": [ 64.852587, 64.216415, 62.965497, 62.364428 ] }, { "date": "2026-07-24", "close": 65.010002, "volume": 42200, "typical_volume": 41855.0, "trend": 61.620462, "fair_value": 54.926161, "relative_strength": -3.415498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.641258, "energy": 59.865929, "activity_lines": [ 64.971334, 64.470875, 63.238681, 62.594433 ] }, { "date": "2026-07-31", "close": 64.419998, "volume": 55500, "typical_volume": 41960.0, "trend": 61.867658, "fair_value": 55.044582, "relative_strength": -3.609034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.245404, "energy": 44.211486, "activity_lines": [ 64.736667, 64.552317, 63.439453, 62.775048 ] }, { "date": "2026-08-07", "close": 65.160004, "volume": 62000, "typical_volume": 41105.0, "trend": 62.099036, "fair_value": 55.164267, "relative_strength": -5.299307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.518954, "energy": 41.915012, "activity_lines": [ 64.772001, 64.741897, 63.695868, 62.987457 ] } ], "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." } } }