{ "ticker": { "uuid": "97b3fcb4-eb1c-410a-b264-695ee30539a4", "symbol": "BNKL", "name": "Global X Enhanced Equal Weight Banks 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 69.077, "architecture_energy": 68.254, "architecture_maturity": 94.65, "architecture_confidence": 93.537, "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": 11.81, "rotation_up": 60.86, "upward_expansion": 87.67, "deceleration": 65.81, "rotation_down": 28.32, "downward_expansion": 12.0 }, "activity_lines": [ 53.807226, 53.18075, 50.600386, 48.079432 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 53.860001, "trend_reference": 44.961939, "distance_from_trend": 0.197902, "trend_direction": "Improving", "fair_value": 27.703772, "distance_from_fair_value": 0.94414, "fair_value_direction": "Improving", "relative_strength": 19.619466, "relative_strength_direction": "Improving", "price_momentum": 0.36451, "excess_performance": 0.244089, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.197902, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.130875, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.94414, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.17105, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.196195, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.028858, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.36451, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.008734, "read": "Demand-led" } ], "volume": { "latest": 6800, "relative_activity": 0.917679, "balance": 3.008734, "dry_up": 1.467611, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.028109, "annualized_volatility": 0.199226, "from_high_reference": -0.033695, "from_low_reference": 0.8762 }, "levels": { "trend_reference": 44.961939, "fair_value_reference": 27.703772, "structural_low": 37.253871, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.040224, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": 0.013093, "regime_survival": 0.866667, "best_return": 0.090364, "worst_return": -0.080041, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.168151, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.101388, "regime_survival": 0.8, "best_return": 0.38349, "worst_return": -0.095944, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.366681, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.157022, "regime_survival": 1.0, "best_return": 0.410219, "worst_return": 0.147631, "sufficient": false }, { "horizon": "Full cycle", 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"2026-08-07", "close": 53.860001, "volume": 6800, "typical_volume": 7410.0, "trend": 44.961939, "fair_value": 27.703772, "relative_strength": 19.619466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.076555, "energy": 68.254358, "activity_lines": [ 53.807226, 53.18075, 50.600386, 48.079432 ] } ], "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." } } }