{ "ticker": { "uuid": "9ef8107c-9646-4655-a36b-ac3c6cd7ab02", "symbol": "HEWB", "name": "Global X Equal Weight Canadian Banks Index Corporate Class 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": 66.173, "architecture_energy": 65.895, "architecture_maturity": 90.87, "architecture_confidence": 85.321, "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": 15.67, "rotation_up": 56.02, "upward_expansion": 85.33, "deceleration": 68.42, "rotation_down": 28.71, "downward_expansion": 12.0 }, "activity_lines": [ 74.037333, 73.468363, 70.575904, 67.627914 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 73.610001, "trend_reference": 63.959667, "distance_from_trend": 0.150882, "trend_direction": "Improving", "fair_value": 42.584359, "distance_from_fair_value": 0.728569, "fair_value_direction": "Improving", "relative_strength": 12.626521, "relative_strength_direction": "Improving", "price_momentum": 0.281288, "excess_performance": 0.160867, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.150882, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.106173, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.728569, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.091046, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.126265, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.01369, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.281288, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.20911, "read": "Demand-led" } ], "volume": { "latest": 8300, "relative_activity": 0.679771, "balance": 2.20911, "dry_up": 1.244881, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.028325, "annualized_volatility": 0.157263, "from_high_reference": -0.033355, "from_low_reference": 0.659752 }, "levels": { "trend_reference": 63.959667, "fair_value_reference": 42.584359, "structural_low": 54.830002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.020605, "positive_rate": 0.657895, "directional_follow_through": 0.657895, "median_excess_return": 0.004833, "regime_survival": 0.763158, "best_return": 0.149736, "worst_return": -0.068309, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.054695, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.012532, "regime_survival": 0.615385, "best_return": 0.247498, "worst_return": -0.064276, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.129841, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.059852, "regime_survival": 0.625, "best_return": 0.339834, "worst_return": -0.128017, "sufficient": true }, { "horizon": 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.186043, "energy": 94.993197, "activity_lines": [ 72.905999, 70.81909, 67.195952, 64.620279 ] }, { "date": "2026-07-17", "close": 75.050003, "volume": 19900, "typical_volume": 12815.0, "trend": 62.190333, "fair_value": 41.732821, "relative_strength": 20.235978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.430878, "energy": 93.434163, "activity_lines": [ 73.843334, 71.917455, 68.246667, 65.491054 ] }, { "date": "2026-07-24", "close": 73.669998, "volume": 19400, "typical_volume": 12170.0, "trend": 62.781333, "fair_value": 42.013846, "relative_strength": 17.083327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.312686, "energy": 78.420816, "activity_lines": [ 73.971333, 72.563818, 69.089143, 66.231677 ] }, { "date": "2026-07-31", "close": 74.199997, "volume": 13200, "typical_volume": 12250.0, "trend": 63.387, "fair_value": 42.300513, "relative_strength": 17.786331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.578974, "energy": 67.956492, "activity_lines": [ 74.161332, 73.134181, 69.904047, 66.968365 ] }, { "date": "2026-08-07", "close": 73.610001, "volume": 8300, "typical_volume": 12210.0, "trend": 63.959667, "fair_value": 42.584359, "relative_strength": 12.626521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.173173, "energy": 65.895457, "activity_lines": [ 74.037333, 73.468363, 70.575904, 67.627914 ] } ], "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." } } }