{ "ticker": { "uuid": "835eeda9-21fc-4610-9ae4-743208c9d5e6", "symbol": "ZUB", "name": "BMO Equal Weight US Banks Hedged to CAD 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 74.12, "architecture_energy": 68.626, "architecture_maturity": 23.515, "architecture_confidence": 80.457, "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": 4.72, "rotation_up": 69.55, "upward_expansion": 88.24, "deceleration": 52.95, "rotation_down": 18.8, "downward_expansion": 12.57 }, "activity_lines": [ 42.221333, 41.824941, 40.564818, 39.677383 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 42.560001, "trend_reference": 38.90517, "distance_from_trend": 0.093942, "trend_direction": "Improving", "fair_value": 30.60218, "distance_from_fair_value": 0.390751, "fair_value_direction": "Improving", "relative_strength": 1.145934, "relative_strength_direction": "Improving", "price_momentum": 0.027757, "excess_performance": -0.092665, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093942, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04292, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.390751, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.077218, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.011459, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.058891, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.027757, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.449602, "read": "Demand-led" } ], "volume": { "latest": 49400, "relative_activity": 0.373832, "balance": 2.449602, "dry_up": 0.895985, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.026286, "annualized_volatility": 0.212638, "from_high_reference": -0.018224, "from_low_reference": 0.320371 }, "levels": { "trend_reference": 38.90517, "fair_value_reference": 30.60218, "structural_low": 34.28832, "invalidation": 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"trend": 38.539044, "fair_value": 30.205672, "relative_strength": 3.355005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.634986, "energy": 91.228011, "activity_lines": [ 41.724079, 40.861663, 39.570721, 38.989485 ] }, { "date": "2026-07-24", "close": 42.099998, "volume": 103100, "typical_volume": 161250.0, "trend": 38.654566, "fair_value": 30.335333, "relative_strength": 2.849132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.164726, "energy": 87.786239, "activity_lines": [ 41.954799, 41.250215, 39.922869, 39.219224 ] }, { "date": "2026-07-31", "close": 41.98, "volume": 71600, "typical_volume": 142120.0, "trend": 38.783962, "fair_value": 30.465786, "relative_strength": 3.009654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.103894, "energy": 78.393478, "activity_lines": [ 42.013333, 41.521156, 40.234443, 39.433768 ] }, { "date": "2026-08-07", "close": 42.560001, "volume": 49400, "typical_volume": 132145.0, "trend": 38.90517, "fair_value": 30.60218, "relative_strength": 1.145934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.12043, "energy": 68.62582, "activity_lines": [ 42.221333, 41.824941, 40.564818, 39.677383 ] } ], "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." } } }