{ "ticker": { "uuid": "cd3f84c7-efb6-486c-b272-e886f636f70a", "symbol": "TECX", "name": "TD Global Technology Leaders CAD Hedged 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": 87.529, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 68.581, "architecture_energy": 36.246, "architecture_maturity": 62.79, "architecture_confidence": 86.088, "architecture_tenure": "Developing", "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": 37.57, "rotation_up": 36.12, "upward_expansion": 64.61, "deceleration": 93.9, "rotation_down": 28.87, "downward_expansion": 13.95 }, "activity_lines": [ 38.558, 38.519818, 38.326, 37.248258 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 39.91, "trend_reference": 36.013334, "distance_from_trend": 0.108201, "trend_direction": "Improving", "fair_value": 29.023444, "distance_from_fair_value": 0.375095, "fair_value_direction": "Weakening", "relative_strength": 0.495329, "relative_strength_direction": "Weakening", "price_momentum": 0.188151, "excess_performance": 0.06773, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.108201, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034786, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.375095, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033213, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004953, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.025753, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.188151, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.561097, "read": "Demand-led" } ], "volume": { "latest": 4800, "relative_activity": 0.427046, "balance": 1.561097, "dry_up": 0.95863, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.036178, "annualized_volatility": 0.234758, "from_high_reference": -0.01335, "from_low_reference": 0.332999 }, "levels": { "trend_reference": 36.013334, "fair_value_reference": 29.023444, "structural_low": 29.940001, "invalidation": "A 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"gate": "up", "direction": 40.722109, "energy": 27.953658, "activity_lines": [ 38.039333, 38.407455, 37.910191, 36.843054 ] }, { "date": "2026-07-31", "close": 38.0, "volume": 4100, "typical_volume": 11185.0, "trend": 35.867, "fair_value": 28.900764, "relative_strength": -1.301779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.420822, "energy": 22.4998, "activity_lines": [ 37.994667, 38.280364, 38.040714, 36.987419 ] }, { "date": "2026-08-07", "close": 39.91, "volume": 4800, "typical_volume": 11240.0, "trend": 36.013334, "fair_value": 29.023444, "relative_strength": 0.495329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.5813, "energy": 36.246038, "activity_lines": [ 38.558, 38.519818, 38.326, 37.248258 ] } ], "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." } } }