{
  "ticker": {
    "uuid": "ab72df77-2edb-4851-9118-9c22985daf4d",
    "symbol": "CINT",
    "name": "CIBC International 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 59.998,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 67.49,
    "architecture_energy": 39.6,
    "architecture_maturity": 42.738,
    "architecture_confidence": 65.552,
    "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": 21.92,
        "rotation_up": 41.49,
        "upward_expansion": 72.26,
        "deceleration": 90.5,
        "rotation_down": 27.81,
        "downward_expansion": 10.26
      },
      "activity_lines": [
        24.977334,
        24.951273,
        24.655191,
        24.279613
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 25.370001,
    "trend_reference": 23.967,
    "distance_from_trend": 0.058539,
    "trend_direction": "Improving",
    "fair_value": 22.849565,
    "distance_from_fair_value": 0.110306,
    "fair_value_direction": "Improving",
    "relative_strength": -5.119879,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.069111,
    "excess_performance": -0.05131,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.058539,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020168,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.110306,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.053971,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.051199,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.046075,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.069111,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.369955,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5900,
      "relative_activity": 0.586481,
      "balance": 0.369955,
      "dry_up": 0.598907,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026045,
      "annualized_volatility": 0.198535,
      "from_high_reference": -0.01514,
      "from_low_reference": 0.170743
    },
    "levels": {
      "trend_reference": 23.967,
      "fair_value_reference": 22.849565,
      "structural_low": 21.67,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.012229,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.008662,
        "regime_survival": 0.333333,
        "best_return": 0.06553,
        "worst_return": -0.092926,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.028464,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.009128,
        "regime_survival": 0.0,
        "best_return": 0.057002,
        "worst_return": -0.082413,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.052939,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.036114,
        "regime_survival": 0.0,
        "best_return": 0.090664,
        "worst_return": 0.015213,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.043252,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.112578,
        "regime_survival": 0.0,
        "best_return": 0.09069,
        "worst_return": -0.004186,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.105138,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.015009,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.035608,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.059359,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.007167,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.042837,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.046559,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.015488,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.040301,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.103782,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.055866,
        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": true
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        "activity_lines": [
          23.344667,
          22.986909,
          23.22636,
          23.335384
        ]
      },
      {
        "date": "2026-05-01",
        "close": 23.27,
        "volume": 22100,
        "typical_volume": 26275.0,
        "trend": 23.443917,
        "fair_value": 22.523262,
        "relative_strength": -11.73792,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.551454,
        "energy": 23.201961,
        "activity_lines": [
          23.415333,
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          23.32215
        ]
      },
      {
        "date": "2026-05-08",
        "close": 23.809999,
        "volume": 7400,
        "typical_volume": 24575.0,
        "trend": 23.454804,
        "fair_value": 22.540194,
        "relative_strength": -9.727332,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.988514,
        "energy": 16.884972,
        "activity_lines": [
          23.56,
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          23.345768
        ]
      },
      {
        "date": "2026-05-15",
        "close": 23.66,
        "volume": 7100,
        "typical_volume": 24665.0,
        "trend": 23.44419,
        "fair_value": 22.554799,
        "relative_strength": -9.197857,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.202276,
        "energy": 14.3402,
        "activity_lines": [
          23.588,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 24.57,
        "volume": 5300,
        "typical_volume": 24080.0,
        "trend": 23.458299,
        "fair_value": 22.574804,
        "relative_strength": -7.036173,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.568816,
        "energy": 33.342755,
        "activity_lines": [
          23.915333,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 24.530001,
        "volume": 10200,
        "typical_volume": 23665.0,
        "trend": 23.493186,
        "fair_value": 22.594924,
        "relative_strength": -7.580896,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 38.365303,
        "energy": 46.433297,
        "activity_lines": [
          24.186667,
          23.857636,
          23.483333,
          23.500782
        ]
      },
      {
        "date": "2026-06-05",
        "close": 24.51,
        "volume": 600,
        "typical_volume": 22690.0,
        "trend": 23.536316,
        "fair_value": 22.616157,
        "relative_strength": -6.3213,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 65.079269,
        "energy": 64.306656,
        "activity_lines": [
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          23.566383
        ]
      },
      {
        "date": "2026-06-12",
        "close": 25.370001,
        "volume": 100,
        "typical_volume": 22050.0,
        "trend": 23.594583,
        "fair_value": 22.641661,
        "relative_strength": -4.131027,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.012366,
        "energy": 79.665866,
        "activity_lines": [
          24.752001,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 25.110001,
        "volume": 1100,
        "typical_volume": 20845.0,
        "trend": 23.664313,
        "fair_value": 22.669284,
        "relative_strength": -4.876287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.801901,
        "energy": 78.738571,
        "activity_lines": [
          24.946001,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 24.52,
        "volume": 1300,
        "typical_volume": 19725.0,
        "trend": 23.698867,
        "fair_value": 22.691698,
        "relative_strength": -6.733629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.8801,
        "energy": 70.636252,
        "activity_lines": [
          24.846667,
          24.575091,
          23.998429,
          23.837659
        ]
      },
      {
        "date": "2026-07-03",
        "close": 25.51,
        "volume": 0,
        "typical_volume": 18785.0,
        "trend": 23.7651,
        "fair_value": 22.723064,
        "relative_strength": -3.381288,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.955032,
        "energy": 81.778137,
        "activity_lines": [
          25.080667,
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          24.176143,
          23.954507
        ]
      },
      {
        "date": "2026-07-10",
        "close": 25.01,
        "volume": 18900,
        "typical_volume": 19120.0,
        "trend": 23.821597,
        "fair_value": 22.746571,
        "relative_strength": -5.043568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.727043,
        "energy": 66.560794,
        "activity_lines": [
          25.082667,
          24.897273,
          24.296905,
          24.034823
        ]
      },
      {
        "date": "2026-07-17",
        "close": 24.280001,
        "volume": 5400,
        "typical_volume": 13180.0,
        "trend": 23.84749,
        "fair_value": 22.768005,
        "relative_strength": -7.309068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.7629,
        "energy": 37.496783,
        "activity_lines": [
          24.808,
          24.828182,
          24.34281,
          24.064397
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.280001,
        "volume": 7600,
        "typical_volume": 12740.0,
        "trend": 23.878333,
        "fair_value": 22.788446,
        "relative_strength": -7.180197,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.876395,
        "energy": 30.894215,
        "activity_lines": [
          24.606001,
          24.750546,
          24.388619,
          24.092301
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.35,
        "volume": 5200,
        "typical_volume": 11410.0,
        "trend": 23.938333,
        "fair_value": 22.819407,
        "relative_strength": -2.40721,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.745728,
        "energy": 33.122653,
        "activity_lines": [
          24.816,
          24.856182,
          24.528238,
          24.187248
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.370001,
        "volume": 5900,
        "typical_volume": 10060.0,
        "trend": 23.967,
        "fair_value": 22.849565,
        "relative_strength": -5.119879,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.49043,
        "energy": 39.600258,
        "activity_lines": [
          24.977334,
          24.951273,
          24.655191,
          24.279613
        ]
      }
    ],
    "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."
    }
  }
}