{ "ticker": { "uuid": "8767ca4e-1846-47d9-85a8-18215dddb385", "symbol": "BKCC", "name": "Global X Equal Weight Canadian Bank Covered Call 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 67.957, "architecture_energy": 66.505, "architecture_maturity": 87.262, "architecture_confidence": 82.043, "architecture_tenure": "Established", "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": 14.28, "rotation_up": 56.9, "upward_expansion": 85.33, "deceleration": 68.53, "rotation_down": 28.26, "downward_expansion": 12.0 }, "activity_lines": [ 19.530967, 19.411076, 18.887774, 18.335306 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 19.559999, "trend_reference": 17.639821, "distance_from_trend": 0.108855, "trend_direction": "Improving", "fair_value": 13.143786, "distance_from_fair_value": 0.488156, "fair_value_direction": "Improving", "relative_strength": 5.751879, "relative_strength_direction": "Improving", "price_momentum": 0.191732, "excess_performance": 0.071311, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.108855, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.07265, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.488156, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.062618, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.057519, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.00982, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191732, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.047619, "read": "Demand-led" } ], "volume": { "latest": 51300, "relative_activity": 0.500146, "balance": 2.047619, "dry_up": 1.12411, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.020485, "annualized_volatility": 0.120574, "from_high_reference": -0.015192, "from_low_reference": 0.443428 }, "levels": { "trend_reference": 17.639821, "fair_value_reference": 13.143786, "structural_low": 15.730098, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 36, "median_return": 0.015905, "positive_rate": 0.694444, "directional_follow_through": 0.694444, "median_excess_return": -0.001173, "regime_survival": 0.833333, "best_return": 0.056124, "worst_return": -0.057797, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.027535, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.006812, "regime_survival": 0.615385, "best_return": 0.116122, "worst_return": -0.134031, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.079725, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.014495, "regime_survival": 0.571429, "best_return": 0.212202, "worst_return": -0.127687, "sufficient": true }, { 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86.652045, "energy": 94.771929, "activity_lines": [ 19.468743, 19.124257, 18.456638, 17.935707 ] }, { "date": "2026-07-24", "close": 19.405148, "volume": 204800, "typical_volume": 104115.0, "trend": 17.413653, "fair_value": 13.027371, "relative_strength": 8.354459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.268753, "energy": 80.537687, "activity_lines": [ 19.482951, 19.233727, 18.608347, 18.071436 ] }, { "date": "2026-07-31", "close": 19.469999, "volume": 141700, "typical_volume": 107405.0, "trend": 17.526356, "fair_value": 13.085245, "relative_strength": 8.920845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.616371, "energy": 66.95566, "activity_lines": [ 19.503526, 19.325158, 18.751936, 18.204103 ] }, { "date": "2026-08-07", "close": 19.559999, "volume": 51300, "typical_volume": 102570.0, "trend": 17.639821, "fair_value": 13.143786, "relative_strength": 5.751879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.956734, "energy": 66.505116, "activity_lines": [ 19.530967, 19.411076, 18.887774, 18.335306 ] } ], "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." } } }