{ "ticker": { "uuid": "df49c0ae-0a4f-406b-8cb6-c85680ce2db1", "symbol": "EBNK-B", "name": "Evolve European Banks Enhanced Yield ETF Unhedged 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.779, "architecture_energy": 74.556, "architecture_maturity": 26.023, "architecture_confidence": 88.321, "architecture_tenure": "Developing", "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": 7.83, "rotation_up": 70.16, "upward_expansion": 91.32, "deceleration": 45.94, "rotation_down": 17.37, "downward_expansion": 15.66 }, "activity_lines": [ 18.233113, 17.958412, 17.34891, 16.911871 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 18.610001, "trend_reference": 16.537923, "distance_from_trend": 0.125293, "trend_direction": "Improving", "fair_value": 11.890484, "distance_from_fair_value": 0.565117, "fair_value_direction": "Improving", "relative_strength": 5.210818, "relative_strength_direction": "Improving", "price_momentum": 0.101239, "excess_performance": -0.019182, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.125293, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048867, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.565117, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130753, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.052108, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.064543, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.101239, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.577181, "read": "Demand-led" } ], "volume": { "latest": 21100, "relative_activity": 0.618587, "balance": 2.577181, "dry_up": 0.823805, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.038005, "annualized_volatility": 0.258427, "from_high_reference": -0.017423, "from_low_reference": 0.38131 }, "levels": { "trend_reference": 16.537923, "fair_value_reference": 11.890484, "structural_low": 14.111483, 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"activity_lines": [ 17.697844, 17.273116, 16.680764, 16.454475 ] }, { "date": "2026-07-17", "close": 17.561497, "volume": 27700, "typical_volume": 55235.0, "trend": 16.311235, "fair_value": 11.7467, "relative_strength": 2.696245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.461079, "energy": 71.608194, "activity_lines": [ 17.695563, 17.388853, 16.809436, 16.538665 ] }, { "date": "2026-07-24", "close": 17.948444, "volume": 18500, "typical_volume": 50670.0, "trend": 16.385138, "fair_value": 11.792639, "relative_strength": 4.554233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.210118, "energy": 73.405876, "activity_lines": [ 17.792108, 17.55082, 16.96956, 16.644292 ] }, { "date": "2026-07-31", "close": 18.379999, "volume": 45100, "typical_volume": 37995.0, "trend": 16.457378, "fair_value": 11.841076, "relative_strength": 7.355126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.43199, "energy": 74.063698, "activity_lines": [ 18.010276, 17.752226, 17.157334, 16.772992 ] }, { "date": "2026-08-07", "close": 18.610001, "volume": 21100, "typical_volume": 34110.0, "trend": 16.537923, "fair_value": 11.890484, "relative_strength": 5.210818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.778955, "energy": 74.55609, "activity_lines": [ 18.233113, 17.958412, 17.34891, 16.911871 ] } ], "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." } } }