{ "ticker": { "uuid": "a5c2baeb-8581-44d6-b371-f10bfbc443ae", "symbol": "ESPX-B", "name": "Evolve S&P 500 Enhanced Yield Fund CAD Unhedged", "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": 68.92, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.96, "architecture_energy": 71.343, "architecture_maturity": 66.233, "architecture_confidence": 71.1, "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": 16.01, "rotation_up": 61.57, "upward_expansion": 85.33, "deceleration": 68.18, "rotation_down": 26.61, "downward_expansion": 12.0 }, "activity_lines": [ 28.388311, 28.256031, 27.907133, 27.557529 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 28.85, "trend_reference": 27.152238, "distance_from_trend": 0.062528, "trend_direction": "Improving", "fair_value": 22.545561, "distance_from_fair_value": 0.279631, "fair_value_direction": "Improving", "relative_strength": -3.284423, "relative_strength_direction": "Improving", "price_momentum": 0.100443, "excess_performance": -0.019978, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062528, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024192, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.279631, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.025147, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032844, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018034, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.100443, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.337179, "read": "Demand-led" } ], "volume": { "latest": 300, "relative_activity": 1.474926, "balance": 1.337179, "dry_up": 0.835792, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.011921, "annualized_volatility": 0.111596, "from_high_reference": -0.000693, "from_low_reference": 0.197896 }, "levels": { "trend_reference": 27.152238, "fair_value_reference": 22.545561, "structural_low": 25.258948, 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"date": "2026-07-10", "close": 28.59873, "volume": 100, "typical_volume": 184.4, "trend": 26.87082, "fair_value": 22.250236, "relative_strength": -1.929592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.035782, "energy": 92.61591, "activity_lines": [ 28.169396, 27.989256, 27.504514, 27.21092 ] }, { "date": "2026-07-17", "close": 28.400471, "volume": 136, "typical_volume": 176.2, "trend": 26.947644, "fair_value": 22.325494, "relative_strength": -2.340119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.980593, "energy": 90.251153, "activity_lines": [ 28.292055, 28.096809, 27.62449, 27.309608 ] }, { "date": "2026-07-24", "close": 27.885, "volume": 244, "typical_volume": 188.4, "trend": 27.007286, "fair_value": 22.395656, "relative_strength": -4.220511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.965336, "energy": 83.75283, "activity_lines": [ 28.204526, 28.086167, 27.686799, 27.370082 ] }, { "date": "2026-07-31", "close": 28.129999, "volume": 0, "typical_volume": 188.4, "trend": 27.067284, "fair_value": 22.468128, "relative_strength": -2.776044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.92757, "energy": 63.713998, "activity_lines": [ 28.194663, 28.111938, 27.766323, 27.442515 ] }, { "date": "2026-08-07", "close": 28.85, "volume": 300, "typical_volume": 203.4, "trend": 27.152238, "fair_value": 22.545561, "relative_strength": -3.284423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.959507, "energy": 71.342853, "activity_lines": [ 28.388311, 28.256031, 27.907133, 27.557529 ] } ], "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." } } }