{
  "ticker": {
    "uuid": "8b94d4a5-ab0b-4533-a7fa-a1097b29a77f",
    "symbol": "FLX-B",
    "name": "Purpose Global Flexible Credit Fund - ETF Non-currency hedged CAD",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 73.829,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 31.526,
    "architecture_energy": 24.26,
    "architecture_maturity": 57.986,
    "architecture_confidence": 73.393,
    "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": 44.26,
        "rotation_up": 22.68,
        "upward_expansion": 55.34,
        "deceleration": 91.15,
        "rotation_down": 32.79,
        "downward_expansion": 19.01
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
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    "latest_close": 8.52,
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.089413,
    "fair_value_direction": "Improving",
    "relative_strength": -9.861505,
    "relative_strength_direction": "Improving",
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        "read": "Above"
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029678,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.098615,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.017031,
        "read": "Improving"
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      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.017992,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": false,
        "value": 0.775455,
        "read": "Supply-led"
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      "balance": 0.775455,
      "dry_up": 1.701929,
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      "distribution_observations": 3
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      "fair_value_reference": 7.820722,
      "structural_low": 8.158806,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "sample_count": 5,
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        "horizon": "Extended",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 8.48,
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        "typical_volume": 3889.9,
        "trend": 8.415227,
        "fair_value": 7.815998,
        "relative_strength": -7.732921,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 38.044291,
        "energy": 23.46145,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 8.52,
        "volume": 1293,
        "typical_volume": 3393.65,
        "trend": 8.416234,
        "fair_value": 7.820722,
        "relative_strength": -9.861505,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 31.525945,
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      }
    ],
    "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."
    }
  }
}