{ "ticker": { "uuid": "94e9daa5-ed5d-4fa6-ba11-c49643062721", "symbol": "MGDV", "name": "Mackenzie Global Dividend 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": 82.858, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.522, "architecture_energy": 63.62, "architecture_maturity": 49.446, "architecture_confidence": 74.729, "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": 10.69, "rotation_up": 59.81, "upward_expansion": 83.42, "deceleration": 64.35, "rotation_down": 24.93, "downward_expansion": 10.09 }, "activity_lines": [ 26.776, 26.624469, 26.22908, 25.828972 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 27.34, "trend_reference": 25.427434, "distance_from_trend": 0.075217, "trend_direction": "Improving", "fair_value": 23.211339, "distance_from_fair_value": 0.177873, "fair_value_direction": "Improving", "relative_strength": -2.815478, "relative_strength_direction": "Improving", "price_momentum": 0.092726, "excess_performance": -0.027695, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075217, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024172, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.177873, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.063286, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028155, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036714, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.092726, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.444969, "read": "Demand-led" } ], "volume": { "latest": 17300, "relative_activity": 0.907422, "balance": 1.444969, "dry_up": 0.777603, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.018732, "annualized_volatility": 0.123723, "from_high_reference": -0.002554, "from_low_reference": 0.171254 }, "levels": { "trend_reference": 25.427434, "fair_value_reference": 23.211339, "structural_low": 23.48, 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"gate": "up", "direction": 64.129706, "energy": 66.57322, "activity_lines": [ 26.5102, 26.324062, 25.851552, 25.540325 ] }, { "date": "2026-07-24", "close": 26.32, "volume": 13700, "typical_volume": 21335.0, "trend": 25.285601, "fair_value": 23.143461, "relative_strength": -4.207328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.113753, "energy": 58.598089, "activity_lines": [ 26.452, 26.353386, 25.944109, 25.610824 ] }, { "date": "2026-07-31", "close": 26.684999, "volume": 10300, "typical_volume": 20180.0, "trend": 25.358101, "fair_value": 23.174802, "relative_strength": -2.260312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.730049, "energy": 53.550009, "activity_lines": [ 26.525, 26.435926, 26.061476, 25.701108 ] }, { "date": "2026-08-07", "close": 27.34, "volume": 17300, "typical_volume": 19065.0, "trend": 25.427434, "fair_value": 23.211339, "relative_strength": -2.815478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.522063, "energy": 63.620128, "activity_lines": [ 26.776, 26.624469, 26.22908, 25.828972 ] } ], "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." } } }