{ "ticker": { "uuid": "e529ac43-1a0b-4a53-a4d3-a56f1567ff93", "symbol": "DXQ", "name": "Dynamic Active Enhanced Yield Covered Options 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 59.714, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 75.939, "architecture_energy": 46.679, "architecture_maturity": 45.028, "architecture_confidence": 63.346, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 26.03, "rotation_up": 49.56, "upward_expansion": 79.66, "deceleration": 68.22, "rotation_down": 26.98, "downward_expansion": 6.33 }, "activity_lines": [ 28.28601, 28.22669, 28.023778, 27.680398 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 28.76, "trend_reference": 27.267802, "distance_from_trend": 0.054724, "trend_direction": "Improving", "fair_value": 23.229355, "distance_from_fair_value": 0.238089, "fair_value_direction": "Improving", "relative_strength": -4.48515, "relative_strength_direction": "Improving", "price_momentum": 0.093596, "excess_performance": -0.026825, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054724, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.021228, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.238089, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003832, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044852, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005966, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.093596, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.091681, "read": "Demand-led" } ], "volume": { "latest": 89900, "relative_activity": 1.182195, "balance": 2.091681, "dry_up": 1.195016, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.018154, "annualized_volatility": 0.092727, "from_high_reference": -0.008276, "from_low_reference": 0.156476 }, "levels": { "trend_reference": 27.267802, "fair_value_reference": 23.229355, "structural_low": 25.743814, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.010894, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.008928, "regime_survival": 0.333333, "best_return": -0.00435, "worst_return": -0.042388, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.00182, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032777, "regime_survival": 0.0, "best_return": 0.008192, "worst_return": -0.004551, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.068536, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.046654, "regime_survival": 0.0, "best_return": 0.074741, "worst_return": 0.062331, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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"blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.007557, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.027223, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-26", "tenure": "Established", "return": 0.064577, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.016727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.030282, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.057789, "active": false }, { "regime": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.069934, "energy": 60.829992, "activity_lines": [ 28.253164, 28.139111, 27.742292, 27.409551 ] }, { "date": "2026-07-17", "close": 27.897207, "volume": 103300, "typical_volume": 78185.0, "trend": 27.104331, "fair_value": 23.036947, "relative_strength": -5.180825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.634387, "energy": 46.824764, "activity_lines": [ 28.144306, 28.118631, 27.796973, 27.464022 ] }, { "date": "2026-07-24", "close": 27.897207, "volume": 51700, "typical_volume": 73140.0, "trend": 27.155117, "fair_value": 23.099157, "relative_strength": -5.21159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.056461, "energy": 37.890446, "activity_lines": [ 28.03426, 28.092953, 27.844994, 27.515176 ] }, { "date": "2026-07-31", "close": 28.165001, "volume": 118600, "typical_volume": 76310.0, "trend": 27.208944, "fair_value": 23.161929, "relative_strength": -3.645703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.506326, "energy": 33.632929, "activity_lines": [ 28.066585, 28.109868, 27.910556, 27.580329 ] }, { "date": "2026-08-07", "close": 28.76, "volume": 89900, "typical_volume": 76045.0, "trend": 27.267802, "fair_value": 23.229355, "relative_strength": -4.48515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.938534, "energy": 46.678693, "activity_lines": [ 28.28601, 28.22669, 28.023778, 27.680398 ] } ], "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." } } }