{ "ticker": { "uuid": "aae6c575-a771-4fb0-8c46-3f34ce966aa6", "symbol": "ZCON", "name": "BMO Conservative 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": 65.26, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 55.884, "architecture_energy": 33.981, "architecture_maturity": 57.435, "architecture_confidence": 76.45, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 29.85, "rotation_up": 34.77, "upward_expansion": 64.31, "deceleration": 88.15, "rotation_down": 27.32, "downward_expansion": 16.64 }, "activity_lines": [ 13.199333, 13.215647, 13.14167, 13.034622 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 13.31, "trend_reference": 12.916306, "distance_from_trend": 0.03048, "trend_direction": "Improving", "fair_value": 11.48992, "distance_from_fair_value": 0.158407, "fair_value_direction": "Weakening", "relative_strength": -7.002653, "relative_strength_direction": "Weakening", "price_momentum": 0.046334, "excess_performance": -0.074088, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.03048, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017026, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.158407, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001555, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070027, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002082, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.046334, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.08049, "read": "Demand-led" } ], "volume": { "latest": 80000, "relative_activity": 1.657859, "balance": 1.08049, "dry_up": 1.439229, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.012077, "annualized_volatility": 0.07301, "from_high_reference": -0.005232, "from_low_reference": 0.110976 }, "levels": { "trend_reference": 12.916306, "fair_value_reference": 11.48992, "structural_low": 12.362, "invalidation": "A decisive 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"relative_strength": -6.24132, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.720015, "energy": 40.851395, "activity_lines": [ 13.193733, 13.205085, 13.093001, 12.991678 ] }, { "date": "2026-07-31", "close": 13.13, "volume": 83100, "typical_volume": 46210.0, "trend": 12.896991, "fair_value": 11.467182, "relative_strength": -5.55616, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.132717, "energy": 29.172288, "activity_lines": [ 13.162667, 13.194939, 13.110213, 13.007977 ] }, { "date": "2026-08-07", "close": 13.31, "volume": 80000, "typical_volume": 48255.0, "trend": 12.916306, "fair_value": 11.48992, "relative_strength": -7.002653, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.883943, "energy": 33.98076, "activity_lines": [ 13.199333, 13.215647, 13.14167, 13.034622 ] } ], "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." } } }