{ "ticker": { "uuid": "aef1871d-e192-4dc9-834b-2956964fe511", "symbol": "ZDI", "name": "BMO International Dividend 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.63, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.3, "architecture_energy": 69.496, "architecture_maturity": 37.832, "architecture_confidence": 76.382, "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": 9.26, "rotation_up": 66.8, "upward_expansion": 86.42, "deceleration": 51.23, "rotation_down": 17.92, "downward_expansion": 13.08 }, "activity_lines": [ 32.852562, 32.574891, 32.020929, 31.575468 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 33.330002, "trend_reference": 31.065229, "distance_from_trend": 0.072904, "trend_direction": "Improving", "fair_value": 25.280164, "distance_from_fair_value": 0.318425, "fair_value_direction": "Improving", "relative_strength": -0.527691, "relative_strength_direction": "Improving", "price_momentum": 0.080443, "excess_performance": -0.039978, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072904, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039813, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.318425, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046621, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005277, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.025958, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.080443, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.036877, "read": "Demand-led" } ], "volume": { "latest": 45900, "relative_activity": 0.850157, "balance": 1.036877, "dry_up": 1.094184, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.022099, "annualized_volatility": 0.165402, "from_high_reference": -0.006261, "from_low_reference": 0.266442 }, "levels": { "trend_reference": 31.065229, "fair_value_reference": 25.280164, "structural_low": 28.425209, 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31.554082, 31.089428, 30.801967 ] }, { "date": "2026-07-03", "close": 32.545078, "volume": 12500, "typical_volume": 71435.0, "trend": 30.461632, "fair_value": 24.878002, "relative_strength": -0.130941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.660436, "energy": 77.98343, "activity_lines": [ 32.181312, 31.78876, 31.25406, 30.944992 ] }, { "date": "2026-07-10", "close": 32.265804, "volume": 44700, "typical_volume": 67730.0, "trend": 30.579368, "fair_value": 24.956372, "relative_strength": -1.047224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.419282, "energy": 74.60788, "activity_lines": [ 32.277747, 31.934614, 31.385288, 31.06139 ] }, { "date": "2026-07-17", "close": 32.006485, "volume": 98500, "typical_volume": 63025.0, "trend": 30.678027, "fair_value": 25.032195, "relative_strength": -1.649351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.644237, "energy": 51.952486, "activity_lines": [ 32.201187, 32.001777, 31.487756, 31.153462 ] }, { "date": "2026-07-24", "close": 32.619884, "volume": 50300, "typical_volume": 57215.0, "trend": 30.794104, "fair_value": 25.111179, "relative_strength": 0.039617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.345284, "energy": 57.393471, "activity_lines": [ 32.321661, 32.159608, 31.647085, 31.278743 ] }, { "date": "2026-07-31", "close": 33.0, "volume": 41600, "typical_volume": 54910.0, "trend": 30.936669, "fair_value": 25.195147, "relative_strength": 1.64299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.180968, "energy": 55.86333, "activity_lines": [ 32.571712, 32.352912, 31.827508, 31.421059 ] }, { "date": "2026-08-07", "close": 33.330002, "volume": 45900, "typical_volume": 53990.0, "trend": 31.065229, "fair_value": 25.280164, "relative_strength": -0.527691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.300378, "energy": 69.495782, "activity_lines": [ 32.852562, 32.574891, 32.020929, 31.575468 ] } ], "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." } } }