{ "ticker": { "uuid": "78f2b29f-663c-4a09-9a12-74bda2aac576", "symbol": "XQQ", "name": "iShares NASDAQ 100 Index ETF (CAD-Hedged)", "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": 83.042, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.135, "architecture_energy": 27.427, "architecture_maturity": 68.177, "architecture_confidence": 84.582, "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": 34.8, "rotation_up": 31.65, "upward_expansion": 60.14, "deceleration": 85.4, "rotation_down": 30.9, "downward_expansion": 19.14 }, "activity_lines": [ 70.247333, 70.774324, 70.555239, 68.631761 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 72.260002, "trend_reference": 66.311095, "distance_from_trend": 0.089712, "trend_direction": "Improving", "fair_value": 54.068691, "distance_from_fair_value": 0.336448, "fair_value_direction": "Weakening", "relative_strength": -0.615441, "relative_strength_direction": "Weakening", "price_momentum": 0.171721, "excess_performance": 0.051299, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089712, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040094, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.336448, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.050535, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006154, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.042182, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.171721, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.507402, "read": "Demand-led" } ], "volume": { "latest": 762400, "relative_activity": 1.020527, "balance": 1.507402, "dry_up": 1.290985, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.0391, "annualized_volatility": 0.211206, "from_high_reference": -0.02778, "from_low_reference": 0.290357 }, "levels": { "trend_reference": 66.311095, "fair_value_reference": 54.068691, "structural_low": 56.0, "invalidation": "A 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"color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.096955, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.115936, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.065317, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-01-23", "tenure": "Extended", "return": 0.078094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": -0.022258, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.043188, "active": false 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"trend": 65.670822, "fair_value": 53.488925, "relative_strength": -1.788053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.583707, "energy": 36.315163, "activity_lines": [ 71.344348, 71.724309, 69.939089, 67.854149 ] }, { "date": "2026-07-24", "close": 68.489998, "volume": 772800, "typical_volume": 766425.0, "trend": 65.797095, "fair_value": 53.666711, "relative_strength": -3.433591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.127355, "energy": 26.39085, "activity_lines": [ 70.251331, 71.111748, 70.054409, 68.036031 ] }, { "date": "2026-07-31", "close": 68.790001, "volume": 1287000, "typical_volume": 739135.0, "trend": 66.019095, "fair_value": 53.854486, "relative_strength": -2.445097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.252717, "energy": 23.528343, "activity_lines": [ 69.610665, 70.599516, 70.160681, 68.229122 ] }, { "date": "2026-08-07", "close": 72.260002, "volume": 762400, "typical_volume": 747065.0, "trend": 66.311095, "fair_value": 54.068691, "relative_strength": -0.615441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.135451, "energy": 27.427204, "activity_lines": [ 70.247333, 70.774324, 70.555239, 68.631761 ] } ], "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." } } }