{ "ticker": { "uuid": "c432a424-2ff5-45a1-a530-43a5f4eab755", "symbol": "QMAX", "name": "Hamilton Technology YIELD MAXIMIZER 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 41.353, "architecture_energy": 27.802, "architecture_maturity": 71.953, "architecture_confidence": 83.652, "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": 38.45, "rotation_up": 27.45, "upward_expansion": 58.65, "deceleration": 88.32, "rotation_down": 31.82, "downward_expansion": 19.99 }, "activity_lines": [ 24.58921, 24.979217, 24.711772, 23.639502 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 25.4, "trend_reference": 22.341137, "distance_from_trend": 0.136916, "trend_direction": "Improving", "fair_value": 18.408366, "distance_from_fair_value": 0.379807, "fair_value_direction": "Improving", "relative_strength": 2.746983, "relative_strength_direction": "Weakening", "price_momentum": 0.32495, "excess_performance": 0.204529, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136916, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051937, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.379807, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008342, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.02747, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.02738, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.32495, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.585051, "read": "Supply-led" } ], "volume": { "latest": 364900, "relative_activity": 1.178161, "balance": 0.585051, "dry_up": 1.442028, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.057679, "annualized_volatility": 0.28817, "from_high_reference": -0.057832, "from_low_reference": 0.436744 }, "levels": { "trend_reference": 22.341137, "fair_value_reference": 18.408366, "structural_low": 17.678858, "invalidation": "A 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25.466393, 24.359518, 23.201322 ] }, { "date": "2026-07-24", "close": 24.040117, "volume": 353200, "typical_volume": 281120.0, "trend": 22.148131, "fair_value": 18.322302, "relative_strength": -0.221955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.910834, "energy": 31.857544, "activity_lines": [ 24.823959, 25.225762, 24.463947, 23.327567 ] }, { "date": "2026-07-31", "close": 23.809999, "volume": 609100, "typical_volume": 299295.0, "trend": 22.226872, "fair_value": 18.360148, "relative_strength": -0.632184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.269332, "energy": 25.007605, "activity_lines": [ 24.387357, 24.948268, 24.523712, 23.434784 ] }, { "date": "2026-08-07", "close": 25.4, "volume": 364900, "typical_volume": 309720.0, "trend": 22.341137, "fair_value": 18.408366, "relative_strength": 2.746983, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.353445, "energy": 27.802392, "activity_lines": [ 24.58921, 24.979217, 24.711772, 23.639502 ] } ], "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." } } }