{ "ticker": { "uuid": "cd0abae1-ae44-4e49-9844-4ad10f661897", "symbol": "UTIL", "name": "Global X Equal Weight Canadian Utilities Index 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": 53.552, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 29.982, "architecture_energy": 31.312, "architecture_maturity": 100.0, "architecture_confidence": 71.096, "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": 32.96, "rotation_up": 34.75, "upward_expansion": 67.6, "deceleration": 85.49, "rotation_down": 30.29, "downward_expansion": 19.94 }, "activity_lines": [ 28.36567, 28.50054, 28.241691, 27.81257 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 27.469999, "trend_reference": 27.076972, "distance_from_trend": 0.014515, "trend_direction": "Improving", "fair_value": 21.677299, "distance_from_fair_value": 0.267224, "fair_value_direction": "Weakening", "relative_strength": -4.806973, "relative_strength_direction": "Weakening", "price_momentum": 0.10619, "excess_performance": -0.014231, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014515, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.055946, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.267224, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.031627, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04807, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.044846, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.10619, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.451613, "read": "Demand-led" } ], "volume": { "latest": 17200, "relative_activity": 2.619954, "balance": 1.451613, "dry_up": 1.469916, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.01923, "annualized_volatility": 0.132528, "from_high_reference": -0.067167, "from_low_reference": 0.214315 }, "levels": { "trend_reference": 27.076972, "fair_value_reference": 21.677299, "structural_low": 24.714356, 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"date": "2026-07-10", "close": 28.530474, "volume": 5100, "typical_volume": 12830.0, "trend": 26.464161, "fair_value": 21.418245, "relative_strength": 1.615911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.314227, "energy": 68.610625, "activity_lines": [ 28.60281, 28.428049, 27.906335, 27.347836 ] }, { "date": "2026-07-17", "close": 28.700001, "volume": 6800, "typical_volume": 12595.0, "trend": 26.62782, "fair_value": 21.480201, "relative_strength": 2.36961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.861913, "energy": 66.517919, "activity_lines": [ 28.64806, 28.523809, 28.025871, 27.492084 ] }, { "date": "2026-07-24", "close": 29.348192, "volume": 9800, "typical_volume": 12605.0, "trend": 26.807192, "fair_value": 21.549787, "relative_strength": 4.363755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.028834, "energy": 72.301242, "activity_lines": [ 28.8881, 28.709026, 28.196758, 27.667592 ] }, { "date": "2026-07-31", "close": 28.540001, "volume": 4800, "typical_volume": 6535.0, "trend": 26.955645, "fair_value": 21.61771, "relative_strength": 1.979732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.198786, "energy": 61.113953, "activity_lines": [ 28.79492, 28.707839, 28.274751, 27.779386 ] }, { "date": "2026-08-07", "close": 27.469999, "volume": 17200, "typical_volume": 6565.0, "trend": 27.076972, "fair_value": 21.677299, "relative_strength": -4.806973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.982266, "energy": 31.31184, "activity_lines": [ 28.36567, 28.50054, 28.241691, 27.81257 ] } ], "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." } } }