{ "ticker": { "uuid": "7ce68a36-5371-4a35-b82d-1e7439d60ddf", "symbol": "ZEO", "name": "BMO Equal Weight Oil & Gas 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": 94.826, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 58.959, "architecture_energy": 58.939, "architecture_maturity": 7.744, "architecture_confidence": 81.138, "architecture_tenure": "New", "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": 21.63, "rotation_up": 66.17, "upward_expansion": 84.55, "deceleration": 48.14, "rotation_down": 12.74, "downward_expansion": 11.21 }, "activity_lines": [ 108.353333, 106.80102, 105.822943, 104.019402 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 104.949997, "trend_reference": 100.25809, "distance_from_trend": 0.046798, "trend_direction": "Improving", "fair_value": 75.017135, "distance_from_fair_value": 0.399014, "fair_value_direction": "Weakening", "relative_strength": 2.808144, "relative_strength_direction": "Weakening", "price_momentum": 0.194395, "excess_performance": 0.073974, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046798, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.093739, "read": "Rising" 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2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.390293, "energy": 52.070841, "activity_lines": [ 107.567799, 106.14621, 105.147065, 102.862906 ] }, { "date": "2026-07-31", "close": 110.660004, "volume": 170400, "typical_volume": 150835.0, "trend": 99.345592, "fair_value": 74.716739, "relative_strength": 12.135816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.846917, "energy": 69.062943, "activity_lines": [ 109.192001, 106.992599, 105.785271, 103.657828 ] }, { "date": "2026-08-07", "close": 104.949997, "volume": 126700, "typical_volume": 144480.0, "trend": 100.25809, "fair_value": 75.017135, "relative_strength": 2.808144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.958659, "energy": 58.939034, "activity_lines": [ 108.353333, 106.80102, 105.822943, 104.019402 ] } ], "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." } } }