{ "ticker": { "uuid": "bcda2ed3-98ce-40b6-b84b-74b0d7be1e79", "symbol": "NSCE", "name": "NBI Sustainable Canadian 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": 76.766, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 66.155, "architecture_energy": 65.916, "architecture_maturity": 47.887, "architecture_confidence": 71.659, "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": 8.4, "rotation_up": 60.43, "upward_expansion": 85.33, "deceleration": 67.93, "rotation_down": 24.32, "downward_expansion": 12.0 }, "activity_lines": [ 52.641334, 52.356262, 51.21138, 50.272154 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 52.610001, "trend_reference": 49.168236, "distance_from_trend": 0.07, "trend_direction": "Improving", "fair_value": 44.72063, "distance_from_fair_value": 0.176415, "fair_value_direction": "Improving", "relative_strength": -5.277549, "relative_strength_direction": "Improving", "price_momentum": 0.116341, "excess_performance": -0.00408, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01779, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.176415, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.064789, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.052775, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.077638, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.116341, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.638462, "read": "Demand-led" } ], "volume": { "latest": 4500, "relative_activity": 0.941423, "balance": 2.638462, "dry_up": 0.559623, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.015908, "annualized_volatility": 0.093642, "from_high_reference": -0.021391, "from_low_reference": 0.145164 }, "levels": { "trend_reference": 49.168236, "fair_value_reference": 44.72063, "structural_low": 46.130001, 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1600, "typical_volume": 5375.0, "trend": 48.700613, "fair_value": 44.284148, "relative_strength": -4.531194, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.466516, "energy": 93.016138, "activity_lines": [ 51.971327, 51.176122, 49.959249, 49.276344 ] }, { "date": "2026-07-17", "close": 53.209999, "volume": 3600, "typical_volume": 5270.0, "trend": 48.805503, "fair_value": 44.395316, "relative_strength": -2.454332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.124994, "energy": 96.145851, "activity_lines": [ 52.465969, 51.679688, 50.354084, 49.567272 ] }, { "date": "2026-07-24", "close": 52.290001, "volume": 1300, "typical_volume": 4825.0, "trend": 48.872809, "fair_value": 44.500717, "relative_strength": -3.993513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.17494, "energy": 80.81167, "activity_lines": [ 52.501334, 51.925433, 50.638126, 49.792078 ] }, { "date": "2026-07-31", "close": 52.73, "volume": 1300, "typical_volume": 4725.0, "trend": 49.026011, "fair_value": 44.612525, "relative_strength": -2.373243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.899614, "energy": 68.120204, "activity_lines": [ 52.618, 52.179529, 50.94319, 50.040929 ] }, { "date": "2026-08-07", "close": 52.610001, "volume": 4500, "typical_volume": 4780.0, "trend": 49.168236, "fair_value": 44.72063, "relative_strength": -5.277549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.15549, "energy": 65.915843, "activity_lines": [ 52.641334, 52.356262, 51.21138, 50.272154 ] } ], "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." } } }