{ "ticker": { "uuid": "db67630e-5db8-4f4c-b25f-daa02e7a880b", "symbol": "ZWG", "name": "BMO Global High Dividend Covered Call 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": 88.655, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 58.253, "architecture_energy": 45.069, "architecture_maturity": 100.0, "architecture_confidence": 72.406, "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": 22.3, "rotation_up": 43.3, "upward_expansion": 68.89, "deceleration": 85.44, "rotation_down": 27.23, "downward_expansion": 18.89 }, "activity_lines": [ 36.746582, 36.758953, 36.168581, 35.532518 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.07, "trend_reference": 34.829018, "distance_from_trend": 0.064342, "trend_direction": "Improving", "fair_value": 29.908737, "distance_from_fair_value": 0.239437, "fair_value_direction": "Improving", "relative_strength": -2.729158, "relative_strength_direction": "Improving", "price_momentum": 0.074452, "excess_performance": -0.045969, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.064342, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032344, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.239437, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.04868, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.027292, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030196, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.074452, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.04662, "read": "Demand-led" } ], "volume": { "latest": 25900, "relative_activity": 1.12854, "balance": 2.04662, "dry_up": 1.16122, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.021504, "annualized_volatility": 0.112968, "from_high_reference": -0.019613, "from_low_reference": 0.217825 }, "levels": { "trend_reference": 34.829018, "fair_value_reference": 29.908737, "structural_low": 32.093961, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 45, "median_return": 0.008544, "positive_rate": 0.644444, "directional_follow_through": 0.644444, "median_excess_return": -0.002557, "regime_survival": 0.866667, "best_return": 0.046998, "worst_return": -0.063125, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.019673, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.005911, "regime_survival": 0.642857, "best_return": 0.090246, "worst_return": -0.05154, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.05329, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.004106, "regime_survival": 0.625, "best_return": 0.123155, "worst_return": -0.067065, "sufficient": true }, { "horizon": 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29.671147, "relative_strength": -2.378964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.50122, "energy": 63.874837, "activity_lines": [ 36.798434, 36.552861, 35.667578, 35.112985 ] }, { "date": "2026-07-24", "close": 36.637756, "volume": 34100, "typical_volume": 24060.0, "trend": 34.59503, "fair_value": 29.749352, "relative_strength": -1.384671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.104122, "energy": 58.946883, "activity_lines": [ 36.747845, 36.626595, 35.839846, 35.250988 ] }, { "date": "2026-07-31", "close": 36.610001, "volume": 17800, "typical_volume": 23875.0, "trend": 34.72125, "fair_value": 29.828143, "relative_strength": -0.930569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.115396, "energy": 48.08699, "activity_lines": [ 36.672275, 36.660346, 35.991725, 35.380986 ] }, { "date": "2026-08-07", "close": 37.07, "volume": 25900, "typical_volume": 22950.0, "trend": 34.829018, "fair_value": 29.908737, "relative_strength": -2.729158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.25285, "energy": 45.068685, "activity_lines": [ 36.746582, 36.758953, 36.168581, 35.532518 ] } ], "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." } } }