{ "ticker": { "uuid": "d0479117-7822-496d-9fbb-84ba4bdae237", "symbol": "PZW", "name": "Invesco RAFI Global Small-Mid ETF CAD", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.416, "architecture_energy": 67.028, "architecture_maturity": 93.261, "architecture_confidence": 69.75, "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": 10.99, "rotation_up": 55.26, "upward_expansion": 80.83, "deceleration": 68.66, "rotation_down": 29.66, "downward_expansion": 16.5 }, "activity_lines": [ 48.066666, 47.99624, 47.224886, 46.31196 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 48.84, "trend_reference": 45.295007, "distance_from_trend": 0.078265, "trend_direction": "Improving", "fair_value": 36.105185, "distance_from_fair_value": 0.352714, "fair_value_direction": "Improving", "relative_strength": 0.173554, "relative_strength_direction": "Weakening", "price_momentum": 0.139424, "excess_performance": 0.019002, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078265, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048724, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.352714, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.017897, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.001736, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.005151, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.139424, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.25, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2.25, "dry_up": 0.657895, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.015225, "annualized_volatility": 0.131269, "from_high_reference": -0.007922, "from_low_reference": 0.29054 }, "levels": { "trend_reference": 45.295007, "fair_value_reference": 36.105185, "structural_low": 41.189999, "invalidation": "A 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35.358448, "relative_strength": 2.391582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.606854, "energy": 93.651028, "activity_lines": [ 47.47406, 46.851241, 45.632739, 44.961911 ] }, { "date": "2026-07-03", "close": 48.529999, "volume": 0, "typical_volume": 1005.0, "trend": 44.294141, "fair_value": 35.492538, "relative_strength": 2.573013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.871908, "energy": 95.248042, "activity_lines": [ 47.919547, 47.253605, 45.986868, 45.249757 ] }, { "date": "2026-07-10", "close": 48.34, "volume": 0, "typical_volume": 835.0, "trend": 44.508957, "fair_value": 35.619314, "relative_strength": 2.034347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.588869, "energy": 90.997157, "activity_lines": [ 48.174713, 47.551606, 46.302282, 45.51078 ] }, { "date": "2026-07-17", "close": 47.77, "volume": 100, "typical_volume": 835.0, "trend": 44.713332, "fair_value": 35.740883, "relative_strength": 0.979182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.245472, "energy": 87.055851, "activity_lines": [ 48.12024, 47.683066, 46.546402, 45.72117 ] }, { "date": "2026-07-24", "close": 47.279999, "volume": 200, "typical_volume": 295.0, "trend": 44.904008, "fair_value": 35.857219, "relative_strength": -0.298187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.967108, "energy": 65.463524, "activity_lines": [ 47.842066, 47.693923, 46.730747, 45.886761 ] }, { "date": "2026-07-31", "close": 47.77, "volume": 200, "typical_volume": 305.0, "trend": 45.115408, "fair_value": 35.976996, "relative_strength": 1.156276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.10159, "energy": 60.899053, "activity_lines": [ 47.766, 47.764562, 46.941822, 46.071664 ] }, { "date": "2026-08-07", "close": 48.84, "volume": 0, "typical_volume": 190.0, "trend": 45.295007, "fair_value": 36.105185, "relative_strength": 0.173554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.416414, "energy": 67.027848, "activity_lines": [ 48.066666, 47.99624, 47.224886, 46.31196 ] } ], "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." } } }