{ "ticker": { "uuid": "8adbb2d6-7317-46f2-90c9-ca4f218eddf9", "symbol": "MCLV", "name": "Mackenzie GQE Canada Low Volatility 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": 93.964, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 66.515, "architecture_energy": 66.737, "architecture_maturity": 79.944, "architecture_confidence": 73.435, "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": 11.33, "rotation_up": 58.1, "upward_expansion": 85.33, "deceleration": 68.53, "rotation_down": 27.3, "downward_expansion": 12.0 }, "activity_lines": [ 31.411334, 31.279724, 30.756736, 30.221206 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 31.23, "trend_reference": 29.503895, "distance_from_trend": 0.058504, "trend_direction": "Improving", "fair_value": 24.652764, "distance_from_fair_value": 0.266795, "fair_value_direction": "Improving", "relative_strength": -0.497951, "relative_strength_direction": "Weakening", "price_momentum": 0.122944, "excess_performance": 0.002523, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058504, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053553, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.266795, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026098, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00498, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007656, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.122944, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.249455, "read": "Demand-led" } ], "volume": { "latest": 42349, "relative_activity": 1.685737, "balance": 1.249455, "dry_up": 1.221283, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.012419, "annualized_volatility": 0.097379, "from_high_reference": -0.017307, "from_low_reference": 0.284085 }, "levels": { "trend_reference": 29.503895, "fair_value_reference": 24.652764, "structural_low": 27.502147, 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"date": "2026-07-31", "close": 31.360001, "volume": 10426, "typical_volume": 24233.85, "trend": 29.377642, "fair_value": 24.594559, "relative_strength": 3.155878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.283024, "energy": 68.170965, "activity_lines": [ 31.473334, 31.231572, 30.641892, 30.101699 ] }, { "date": "2026-08-07", "close": 31.23, "volume": 42349, "typical_volume": 25121.95, "trend": 29.503895, "fair_value": 24.652764, "relative_strength": -0.497951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.515242, "energy": 66.737009, "activity_lines": [ 31.411334, 31.279724, 30.756736, 30.221206 ] } ], "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." } } }