{ "ticker": { "uuid": "a168027c-5c3d-462b-a0ea-4c9c24730c23", "symbol": "CNCC", "name": "Global X Canadian S&P/TSX 60 Covered Call 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": 93.695, "architecture_energy": 90.946, "architecture_maturity": 100.0, "architecture_confidence": 72.873, "architecture_tenure": "Extended", "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": 1.73, "rotation_up": 82.24, "upward_expansion": 97.25, "deceleration": 41.07, "rotation_down": 15.17, "downward_expansion": 19.25 }, "activity_lines": [ 14.699658, 14.579162, 14.364358, 14.171591 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 14.94, "trend_reference": 13.935426, "distance_from_trend": 0.072088, "trend_direction": "Improving", "fair_value": 11.459055, "distance_from_fair_value": 0.303772, "fair_value_direction": "Improving", "relative_strength": -1.107799, "relative_strength_direction": "Improving", "price_momentum": 0.118435, "excess_performance": -0.001987, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072088, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033828, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.303772, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.049197, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011078, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026237, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.118435, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.016997, "read": "Demand-led" } ], "volume": { "latest": 27000, "relative_activity": 0.693998, "balance": 4.016997, "dry_up": 0.780105, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.011753, "annualized_volatility": 0.089078, "from_high_reference": 0.0, "from_low_reference": 0.241382 }, "levels": { "trend_reference": 13.935426, "fair_value_reference": 11.459055, "structural_low": 13.013772, "invalidation": 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"typical_volume": 49380.0, "trend": 13.843402, "fair_value": 11.390655, "relative_strength": -0.953219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.391476, "energy": 86.11625, "activity_lines": [ 14.518776, 14.432606, 14.222786, 14.053563 ] }, { "date": "2026-07-31", "close": 14.62, "volume": 25400, "typical_volume": 47925.0, "trend": 13.887155, "fair_value": 11.424004, "relative_strength": -0.160133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.466369, "energy": 82.486691, "activity_lines": [ 14.564379, 14.481289, 14.281082, 14.103666 ] }, { "date": "2026-08-07", "close": 14.94, "volume": 27000, "typical_volume": 38905.0, "trend": 13.935426, "fair_value": 11.459055, "relative_strength": -1.107799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.694866, "energy": 90.945566, "activity_lines": [ 14.699658, 14.579162, 14.364358, 14.171591 ] } ], "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." } } }