{ "ticker": { "uuid": "b5f5e7fb-d827-40fa-a106-c6ee571c10dc", "symbol": "HXH", "name": "Global X Canadian High Dividend Index Corporate Class 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 65.823, "architecture_energy": 65.592, "architecture_maturity": 100.0, "architecture_confidence": 86.869, "architecture_tenure": "Extended", "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": 18.09, "rotation_up": 60.0, "upward_expansion": 85.33, "deceleration": 59.14, "rotation_down": 24.51, "downward_expansion": 12.0 }, "activity_lines": [ 82.839999, 82.368545, 80.996333, 79.325591 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 81.419998, "trend_reference": 76.811333, "distance_from_trend": 0.06, "trend_direction": "Improving", "fair_value": 57.388782, "distance_from_fair_value": 0.418744, "fair_value_direction": "Weakening", "relative_strength": 1.825377, "relative_strength_direction": "Weakening", "price_momentum": 0.155057, "excess_performance": 0.034636, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075131, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.418744, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003565, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018254, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.034268, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.155057, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.311765, "read": "Demand-led" } ], "volume": { "latest": 9100, "relative_activity": 1.122072, "balance": 1.311765, "dry_up": 1.081998, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.018149, "annualized_volatility": 0.105703, "from_high_reference": -0.032212, "from_low_reference": 0.391319 }, "levels": { "trend_reference": 76.811333, "fair_value_reference": 57.388782, "structural_low": 70.57, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 43, "median_return": 0.020169, "positive_rate": 0.767442, "directional_follow_through": 0.767442, "median_excess_return": 0.003124, "regime_survival": 0.790698, "best_return": 0.050365, "worst_return": -0.04572, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.058696, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": 0.014933, "regime_survival": 0.666667, "best_return": 0.124823, "worst_return": -0.100063, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.093136, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.00589, "regime_survival": 0.625, "best_return": 0.219644, "worst_return": -0.022334, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.151967, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.002996, "regime_survival": 0.5, "best_return": 0.257709, "worst_return": 0.018393, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-02", "end": "2023-10-06", "tenure": "Established", "return": -0.050034, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-13", "end": "2023-11-24", "tenure": "Developing", "return": 0.032048, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-22", "tenure": "New", "return": 0.01237, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-02-09", "tenure": "Developing", "return": -0.019348, "active": false }, { "regime": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.346797, "energy": 83.121293, "activity_lines": [ 83.262667, 82.426364, 80.768905, 78.997484 ] }, { "date": "2026-08-07", "close": 81.419998, "volume": 9100, "typical_volume": 8110.0, "trend": 76.811333, "fair_value": 57.388782, "relative_strength": 1.825377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.822792, "energy": 65.592082, "activity_lines": [ 82.839999, 82.368545, 80.996333, 79.325591 ] } ], "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." } } }