{ "ticker": { "uuid": "6344deb5-89bc-4c11-a830-28f88fecd849", "symbol": "XMC", "name": "iShares S&P U.S. Mid-Cap 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.564, "architecture_energy": 50.27, "architecture_maturity": 63.62, "architecture_confidence": 52.339, "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": 20.62, "rotation_up": 42.78, "upward_expansion": 67.74, "deceleration": 68.24, "rotation_down": 27.5, "downward_expansion": 20.07 }, "activity_lines": [ 40.972667, 41.021894, 40.26747, 39.392402 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 41.580002, "trend_reference": 38.402428, "distance_from_trend": 0.082744, "trend_direction": "Improving", "fair_value": 32.61083, "distance_from_fair_value": 0.275037, "fair_value_direction": "Improving", "relative_strength": 0.381157, "relative_strength_direction": "Improving", "price_momentum": 0.107324, "excess_performance": -0.013098, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082744, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.052319, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.275037, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041715, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003812, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.017862, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107324, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.651281, "read": "Demand-led" } ], "volume": { "latest": 110500, "relative_activity": 0.381034, "balance": 1.651281, "dry_up": 0.577759, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.022335, "annualized_volatility": 0.1386, "from_high_reference": -0.012351, "from_low_reference": 0.272428 }, "levels": { "trend_reference": 38.402428, "fair_value_reference": 32.61083, "structural_low": 34.43, "invalidation": "A sustained 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"typical_volume": 297840.0, "trend": 38.070761, "fair_value": 32.427647, "relative_strength": 1.422478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.728287, "energy": 60.271406, "activity_lines": [ 40.988, 40.878384, 39.863401, 39.024995 ] }, { "date": "2026-07-31", "close": 40.43, "volume": 137500, "typical_volume": 291895.0, "trend": 38.244428, "fair_value": 32.514867, "relative_strength": 0.740342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.575865, "energy": 45.289484, "activity_lines": [ 40.750666, 40.859896, 40.023245, 39.177204 ] }, { "date": "2026-08-07", "close": 41.580002, "volume": 110500, "typical_volume": 290000.0, "trend": 38.402428, "fair_value": 32.61083, "relative_strength": 0.381157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.564447, "energy": 50.270488, "activity_lines": [ 40.972667, 41.021894, 40.26747, 39.392402 ] } ], "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." } } }