{ "ticker": { "uuid": "64fd3f9a-a099-4611-ab79-2607e3cabbef", "symbol": "XCLN", "name": "iShares Global Clean Energy Index 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 63.965, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -27.033, "architecture_energy": 58.394, "architecture_maturity": 5.814, "architecture_confidence": 76.834, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 34.85, "rotation_up": 14.11, "upward_expansion": 27.29, "deceleration": 50.2, "rotation_down": 69.63, "downward_expansion": 54.62 }, "activity_lines": [ 42.344666, 44.029983, 45.961012, 45.475902 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 42.41, "trend_reference": 44.532873, "distance_from_trend": -0.04767, "trend_direction": "Improving", "fair_value": 34.061932, "distance_from_fair_value": 0.245085, "fair_value_direction": "Weakening", "relative_strength": -8.751423, "relative_strength_direction": "Weakening", "price_momentum": 0.014836, "excess_performance": -0.105585, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04767, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.049573, "read": "Rising" }, { "label": "Price vs 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"regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.891688, "energy": 27.015248, "activity_lines": [ 45.251338, 47.084302, 47.111244, 45.935844 ] }, { "date": "2026-07-24", "close": 42.200001, "volume": 5300, "typical_volume": 9545.0, "trend": 44.381874, "fair_value": 34.002453, "relative_strength": -6.546851, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.924225, "energy": 39.840735, "activity_lines": [ 43.910667, 45.947994, 46.755833, 45.803284 ] }, { "date": "2026-07-31", "close": 41.349998, "volume": 4900, "typical_volume": 9525.0, "trend": 44.45254, "fair_value": 34.026875, "relative_strength": -8.079737, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.283897, "energy": 52.072026, "activity_lines": [ 42.796, 44.800944, 46.306232, 45.607679 ] }, { "date": "2026-08-07", "close": 42.41, "volume": 8500, "typical_volume": 9175.0, "trend": 44.532873, "fair_value": 34.061932, "relative_strength": -8.751423, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.032612, "energy": 58.394428, "activity_lines": [ 42.344666, 44.029983, 45.961012, 45.475902 ] } ], "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." } } }