{ "ticker": { "uuid": "df293250-ad6c-4d89-b14d-2b9e09b7d134", "symbol": "ZEQT", "name": "BMO All-Equity 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 75.608, "architecture_energy": 52.206, "architecture_maturity": 82.511, "architecture_confidence": 55.155, "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": 26.65, "rotation_up": 47.07, "upward_expansion": 74.74, "deceleration": 71.22, "rotation_down": 28.68, "downward_expansion": 12.74 }, "activity_lines": [ 23.245334, 23.20161, 22.858428, 22.400331 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 23.690001, "trend_reference": 21.874005, "distance_from_trend": 0.083021, "trend_direction": "Improving", "fair_value": 17.448439, "distance_from_fair_value": 0.357715, "fair_value_direction": "Improving", "relative_strength": -0.013241, "relative_strength_direction": "Improving", "price_momentum": 0.128414, "excess_performance": 0.007993, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083021, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042164, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.357715, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019448, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000132, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004463, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.128414, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.311127, "read": "Demand-led" } ], "volume": { "latest": 307700, "relative_activity": 0.901777, "balance": 1.311127, "dry_up": 1.310024, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.023611, "annualized_volatility": 0.148065, "from_high_reference": -0.009201, "from_low_reference": 0.2701 }, "levels": { "trend_reference": 21.874005, "fair_value_reference": 17.448439, "structural_low": 19.728648, 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610600, "typical_volume": 351465.0, "trend": 21.623183, "fair_value": 17.253435, "relative_strength": -0.5764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.855372, "energy": 59.107938, "activity_lines": [ 23.178448, 23.048486, 22.522035, 22.104265 ] }, { "date": "2026-07-24", "close": 22.940001, "volume": 362800, "typical_volume": 340355.0, "trend": 21.700994, "fair_value": 17.315818, "relative_strength": -0.529754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.981809, "energy": 52.962325, "activity_lines": [ 23.085734, 23.05998, 22.618343, 22.189221 ] }, { "date": "2026-07-31", "close": 23.07, "volume": 506900, "typical_volume": 345630.0, "trend": 21.786798, "fair_value": 17.380203, "relative_strength": 0.499742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.615916, "energy": 41.501435, "activity_lines": [ 23.065334, 23.079817, 22.715394, 22.277544 ] }, { "date": "2026-08-07", "close": 23.690001, "volume": 307700, "typical_volume": 341215.0, "trend": 21.874005, "fair_value": 17.448439, "relative_strength": -0.013241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.60785, "energy": 52.205793, "activity_lines": [ 23.245334, 23.20161, 22.858428, 22.400331 ] } ], "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." } } }