{ "ticker": { "uuid": "a49009a1-02f3-4589-9554-9299b24500a6", "symbol": "BGC", "name": "Bristol Gate Concentrated Canadian Equity 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 57.743, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.058, "architecture_energy": 62.442, "architecture_maturity": 8.469, "architecture_confidence": 67.793, "architecture_tenure": "New", "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": 16.17, "rotation_up": 69.7, "upward_expansion": 86.23, "deceleration": 52.84, "rotation_down": 16.49, "downward_expansion": 10.56 }, "activity_lines": [ 38.202001, 38.050183, 37.576286, 37.329355 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 38.310001, "trend_reference": 37.163, "distance_from_trend": 0.030864, "trend_direction": "Improving", "fair_value": 33.969712, "distance_from_fair_value": 0.127769, "fair_value_direction": "Improving", "relative_strength": -7.572637, "relative_strength_direction": "Improving", "price_momentum": 0.021872, "excess_performance": -0.098549, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030864, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012597, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.127769, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033416, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075726, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.039922, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.021872, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.6875, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.6875, "dry_up": 0.347826, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.012529, "annualized_volatility": 0.115323, "from_high_reference": -0.009566, "from_low_reference": 0.0899 }, "levels": { "trend_reference": 37.163, "fair_value_reference": 33.969712, "structural_low": 35.18, "invalidation": "A 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36.739592 ] }, { "date": "2026-05-29", "close": 36.810001, "volume": 1100, "typical_volume": 840.0, "trend": 36.700667, "fair_value": 33.351058, "relative_strength": -10.905248, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.545354, "energy": 5.480459, "activity_lines": [ 36.614001, 36.610182, 36.647572, 36.749936 ] }, { "date": "2026-06-05", "close": 37.27, "volume": 0, "typical_volume": 835.0, "trend": 36.77, "fair_value": 33.412404, "relative_strength": -8.482742, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.938032, "energy": 14.526322, "activity_lines": [ 36.826667, 36.753091, 36.690334, 36.786667 ] }, { "date": "2026-06-12", "close": 37.040001, "volume": 0, "typical_volume": 650.0, "trend": 36.818, "fair_value": 33.470994, "relative_strength": -10.000955, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.358369, "energy": 19.469645, "activity_lines": [ 36.954667, 36.822546, 36.712715, 36.804086 ] }, { "date": "2026-06-19", "close": 37.290001, "volume": 0, "typical_volume": 650.0, "trend": 36.889334, "fair_value": 33.533814, "relative_strength": -9.083214, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.279718, "energy": 42.605616, "activity_lines": [ 37.118001, 36.920364, 36.761477, 36.834538 ] }, { "date": "2026-06-26", "close": 37.84, "volume": 100, "typical_volume": 570.0, "trend": 36.942667, "fair_value": 33.596314, "relative_strength": -7.394675, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.788581, "energy": 61.671988, "activity_lines": [ 37.388667, 37.102182, 36.857286, 36.895871 ] }, { "date": "2026-07-03", "close": 37.939999, "volume": 0, "typical_volume": 570.0, "trend": 36.992667, "fair_value": 33.659904, "relative_strength": -7.467063, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.188086, "energy": 71.586322, "activity_lines": [ 37.618667, 37.279819, 36.960953, 36.960215 ] }, { "date": "2026-07-10", "close": 38.259998, "volume": 1200, "typical_volume": 620.0, "trend": 37.043667, "fair_value": 33.722019, "relative_strength": -6.461939, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.699219, "energy": 79.266613, "activity_lines": [ 37.879999, 37.499091, 37.090905, 37.041979 ] }, { "date": "2026-07-17", "close": 38.580002, "volume": 300, "typical_volume": 560.0, "trend": 37.091334, "fair_value": 33.785224, "relative_strength": -5.192195, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.953883, "energy": 94.596419, "activity_lines": [ 38.182, 37.756364, 37.250476, 37.141097 ] }, { "date": "2026-07-24", "close": 37.700001, "volume": 500, "typical_volume": 585.0, "trend": 37.107334, "fair_value": 33.84375, "relative_strength": -7.222396, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.805505, "energy": 82.374638, "activity_lines": [ 38.088, 37.812546, 37.325381, 37.180366 ] }, { "date": "2026-07-31", "close": 38.240002, "volume": 0, "typical_volume": 585.0, "trend": 37.133334, "fair_value": 33.907981, "relative_strength": -5.097705, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.812253, "energy": 77.203315, "activity_lines": [ 38.146668, 37.938728, 37.452381, 37.253441 ] }, { "date": "2026-08-07", "close": 38.310001, "volume": 0, "typical_volume": 575.0, "trend": 37.163, "fair_value": 33.969712, "relative_strength": -7.572637, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.057617, "energy": 62.441508, "activity_lines": [ 38.202001, 38.050183, 37.576286, 37.329355 ] } ], "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." } } }