{ "ticker": { "uuid": "aaccc861-6530-4502-91da-1c88fa7e25c8", "symbol": "XEH", "name": "iShares MSCI Europe IMI Index ETF (CAD-Hedged)", "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": 92.256, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 85.151, "architecture_energy": 86.316, "architecture_maturity": 21.276, "architecture_confidence": 82.83, "architecture_tenure": "Developing", "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": 8.92, "rotation_up": 70.48, "upward_expansion": 93.1, "deceleration": 45.55, "rotation_down": 17.2, "downward_expansion": 19.77 }, "activity_lines": [ 41.082666, 40.790355, 40.111604, 39.634487 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 41.779999, "trend_reference": 39.194932, "distance_from_trend": 0.065954, "trend_direction": "Improving", "fair_value": 33.425046, "distance_from_fair_value": 0.249961, "fair_value_direction": "Improving", "relative_strength": -2.08122, "relative_strength_direction": "Improving", "price_momentum": 0.067996, "excess_performance": -0.052425, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.065954, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030298, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.249961, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06347, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020812, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.046481, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067996, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.841121, "read": "Demand-led" } ], "volume": { "latest": 5700, "relative_activity": 0.441347, "balance": 8.841121, "dry_up": 1.401471, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.016827, "annualized_volatility": 0.159596, "from_high_reference": -0.006421, "from_low_reference": 0.212774 }, "levels": { "trend_reference": 39.194932, "fair_value_reference": 33.425046, "structural_low": 36.0, 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"activity_lines": [ 40.395303, 39.856129, 39.22308, 38.997777 ] }, { "date": "2026-07-10", "close": 40.32, "volume": 4800, "typical_volume": 13320.0, "trend": 38.77466, "fair_value": 33.085729, "relative_strength": -3.320317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.836445, "energy": 75.3637, "activity_lines": [ 40.467272, 40.021281, 39.360995, 39.104959 ] }, { "date": "2026-07-17", "close": 40.470001, "volume": 2300, "typical_volume": 12455.0, "trend": 38.879111, "fair_value": 33.166218, "relative_strength": -2.658018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.457457, "energy": 73.527939, "activity_lines": [ 40.50764, 40.178429, 39.511576, 39.214335 ] }, { "date": "2026-07-24", "close": 40.68, "volume": 58100, "typical_volume": 14540.0, "trend": 38.985932, "fair_value": 33.246968, "relative_strength": -2.246631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.2203, "energy": 76.1626, "activity_lines": [ 40.582, 40.336468, 39.679919, 39.330522 ] }, { "date": "2026-07-31", "close": 41.009998, "volume": 6300, "typical_volume": 13845.0, "trend": 39.092599, "fair_value": 33.334352, "relative_strength": -0.902735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.26257, "energy": 71.825731, "activity_lines": [ 40.734666, 40.509652, 39.867071, 39.461107 ] }, { "date": "2026-08-07", "close": 41.779999, "volume": 5700, "typical_volume": 12915.0, "trend": 39.194932, "fair_value": 33.425046, "relative_strength": -2.08122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.150917, "energy": 86.31563, "activity_lines": [ 41.082666, 40.790355, 40.111604, 39.634487 ] } ], "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." } } }