{ "ticker": { "uuid": "cd83294e-5f77-4bfc-b28d-08f0539e95bb", "symbol": "MCLC", "name": "Manulife Multifactor Canadian Large Cap 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": 90.281, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.836, "architecture_energy": 91.598, "architecture_maturity": 100.0, "architecture_confidence": 75.744, "architecture_tenure": "Extended", "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": 3.98, "rotation_up": 81.05, "upward_expansion": 97.91, "deceleration": 40.43, "rotation_down": 15.91, "downward_expansion": 19.91 }, "activity_lines": [ 60.250667, 59.754558, 59.051483, 58.219609 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 61.07, "trend_reference": 57.110489, "distance_from_trend": 0.069331, "trend_direction": "Improving", "fair_value": 44.565075, "distance_from_fair_value": 0.370356, "fair_value_direction": "Improving", "relative_strength": -0.859133, "relative_strength_direction": "Improving", "price_momentum": 0.129462, "excess_performance": 0.009041, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069331, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036042, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.370356, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015935, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008591, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000685, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.129462, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.44086, "read": "Demand-led" } ], "volume": { "latest": 3200, "relative_activity": 0.797011, "balance": 3.44086, "dry_up": 0.616438, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.011371, "annualized_volatility": 0.103944, "from_high_reference": -0.004077, "from_low_reference": 0.28783 }, "levels": { "trend_reference": 57.110489, "fair_value_reference": 44.565075, "structural_low": 53.080002, "invalidation": 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57.846118, 57.094364 ] }, { "date": "2026-07-10", "close": 59.41, "volume": 19600, "typical_volume": 4540.0, "trend": 56.310598, "fair_value": 43.885749, "relative_strength": -0.729236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.028648, "energy": 84.047322, "activity_lines": [ 59.081736, 58.844244, 58.06681, 57.305739 ] }, { "date": "2026-07-17", "close": 59.380001, "volume": 2500, "typical_volume": 4470.0, "trend": 56.471429, "fair_value": 44.051123, "relative_strength": -0.628562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.138352, "energy": 76.308414, "activity_lines": [ 59.184117, 58.989959, 58.269169, 57.503765 ] }, { "date": "2026-07-24", "close": 59.759998, "volume": 2700, "typical_volume": 4330.0, "trend": 56.628823, "fair_value": 44.216776, "relative_strength": -0.260072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.478836, "energy": 78.634356, "activity_lines": [ 59.413242, 59.168912, 58.49648, 57.71593 ] }, { "date": "2026-07-31", "close": 60.240002, "volume": 1500, "typical_volume": 4220.0, "trend": 56.874156, "fair_value": 44.389755, "relative_strength": 0.962301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.03978, "energy": 87.072274, "activity_lines": [ 59.751334, 59.40229, 58.747696, 57.94891 ] }, { "date": "2026-08-07", "close": 61.07, "volume": 3200, "typical_volume": 4015.0, "trend": 57.110489, "fair_value": 44.565075, "relative_strength": -0.859133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.836199, "energy": 91.598275, "activity_lines": [ 60.250667, 59.754558, 59.051483, 58.219609 ] } ], "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." } } }