{ "ticker": { "uuid": "6806dad5-9e3a-4fc7-a795-821473140920", "symbol": "EBNK", "name": "Evolve European Banks Enhanced Yield ETF Hedged 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.346, "architecture_energy": 88.782, "architecture_maturity": 27.96, "architecture_confidence": 84.169, "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": 6.45, "rotation_up": 78.22, "upward_expansion": 96.18, "deceleration": 42.74, "rotation_down": 13.14, "downward_expansion": 20.51 }, "activity_lines": [ 17.245187, 16.948784, 16.413804, 16.03369 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 17.65, "trend_reference": 15.695851, "distance_from_trend": 0.124501, "trend_direction": "Improving", "fair_value": 11.051593, "distance_from_fair_value": 0.597055, "fair_value_direction": "Improving", "relative_strength": 5.379994, "relative_strength_direction": "Improving", "price_momentum": 0.107251, "excess_performance": -0.01317, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.124501, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04749, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.597055, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.095511, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.0538, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.070193, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107251, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.685442, "read": "Demand-led" } ], "volume": { "latest": 53000, "relative_activity": 0.640367, "balance": 3.685442, "dry_up": 1.078656, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.029064, "annualized_volatility": 0.237119, "from_high_reference": -0.002825, "from_low_reference": 0.388132 }, "levels": { "trend_reference": 15.695851, "fair_value_reference": 11.051593, "structural_low": 13.683004, "invalidation": 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15.122681, "fair_value": 10.536947, "relative_strength": 0.618402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.855869, "energy": 63.002618, "activity_lines": [ 15.792491, 15.60405, 15.307362, 15.262295 ] }, { "date": "2026-06-19", "close": 16.654131, "volume": 7200, "typical_volume": 125425.0, "trend": 15.219244, "fair_value": 10.601344, "relative_strength": 3.91526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.708452, "energy": 76.626884, "activity_lines": [ 16.125171, 15.809144, 15.442437, 15.361098 ] }, { "date": "2026-06-26", "close": 16.221827, "volume": 8100, "typical_volume": 112075.0, "trend": 15.283179, "fair_value": 10.6621, "relative_strength": 1.153462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.943609, "energy": 71.13486, "activity_lines": [ 16.211974, 15.915545, 15.532666, 15.425781 ] }, { "date": "2026-07-03", "close": 16.661432, "volume": 2100, "typical_volume": 98355.0, "trend": 15.358615, "fair_value": 10.726269, "relative_strength": 3.012709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.799581, "energy": 80.021526, "activity_lines": [ 16.400517, 16.09428, 15.663422, 15.514701 ] }, { "date": "2026-07-10", "close": 16.87962, "volume": 339000, "typical_volume": 109090.0, "trend": 15.433124, "fair_value": 10.790921, "relative_strength": 4.107126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.235131, "energy": 85.294737, "activity_lines": [ 16.607771, 16.284606, 15.807305, 15.61283 ] }, { "date": "2026-07-17", "close": 16.651516, "volume": 100900, "typical_volume": 105510.0, "trend": 15.486471, "fair_value": 10.853149, "relative_strength": 2.761688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.4466, "energy": 76.043835, "activity_lines": [ 16.657209, 16.401602, 15.924853, 15.691436 ] }, { "date": "2026-07-24", "close": 17.028381, "volume": 84100, "typical_volume": 97900.0, "trend": 15.556164, "fair_value": 10.917379, "relative_strength": 4.695348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.797387, "energy": 83.28408, "activity_lines": [ 16.795435, 16.564054, 16.072903, 15.790914 ] }, { "date": "2026-07-31", "close": 17.290001, "volume": 119100, "typical_volume": 90985.0, "trend": 15.620803, "fair_value": 10.983563, "relative_strength": 6.631383, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.769179, "energy": 82.870228, "activity_lines": [ 16.995917, 16.739511, 16.233457, 15.902774 ] }, { "date": "2026-08-07", "close": 17.65, "volume": 53000, "typical_volume": 82765.0, "trend": 15.695851, "fair_value": 11.051593, "relative_strength": 5.379994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.34629, "energy": 88.782222, "activity_lines": [ 17.245187, 16.948784, 16.413804, 16.03369 ] } ], "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." } } }