{ "ticker": { "uuid": "c2fa6785-7603-4a32-ba04-a2578a0f1c32", "symbol": "CHE-UN", "name": "Chemtrade Logistics Income Fund", "exchange": "TOR", "country": "CA", "assetType": "equity" }, "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": 63.028, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 33.142, "architecture_energy": 21.088, "architecture_maturity": 17.676, "architecture_confidence": 65.049, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 49.11, "rotation_up": 44.53, "upward_expansion": 67.4, "deceleration": 51.53, "rotation_down": 18.14, "downward_expansion": 10.74 }, "activity_lines": [ 16.394679, 16.274547, 16.353719, 16.219228 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 16.33, "trend_reference": 15.994888, "distance_from_trend": 0.020951, "trend_direction": "Improving", "fair_value": 10.763598, "distance_from_fair_value": 0.517151, "fair_value_direction": "Weakening", "relative_strength": -1.945921, "relative_strength_direction": "Weakening", "price_momentum": 0.040989, "excess_performance": -0.079432, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020951, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046187, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.517151, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.240541, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.189724, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.040989, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.254786, "read": "Supply-led" } ], "volume": { "latest": 655880, "relative_activity": 0.442156, "balance": 0.254786, "dry_up": 0.820572, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.052417, "annualized_volatility": 0.356135, "from_high_reference": -0.107418, "from_low_reference": 0.541659 }, "levels": { "trend_reference": 15.994888, "fair_value_reference": 10.763598, "structural_low": 13.414092, "invalidation": "A 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"relative_strength": 1.965827, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.546199, "energy": 16.839235, "activity_lines": [ 16.361019, 16.255919, 16.334006, 16.164072 ] }, { "date": "2026-07-31", "close": 16.36, "volume": 1063548, "typical_volume": 1525825.7, "trend": 15.947256, "fair_value": 10.706838, "relative_strength": 1.71918, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.047617, "energy": 20.901873, "activity_lines": [ 16.395495, 16.264626, 16.348328, 16.194534 ] }, { "date": "2026-08-07", "close": 16.33, "volume": 655880, "typical_volume": 1483368.65, "trend": 15.994888, "fair_value": 10.763598, "relative_strength": -1.945921, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.141857, "energy": 21.087905, "activity_lines": [ 16.394679, 16.274547, 16.353719, 16.219228 ] } ], "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." } } }