{ "ticker": { "uuid": "e807cfd9-611f-4f1d-b9c9-5e1619fdcacc", "symbol": "FXM", "name": "CI Morningstar Canada Value Index ETF Common", "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": 86.718, "architecture_energy": 92.479, "architecture_maturity": 37.306, "architecture_confidence": 76.172, "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": 13.94, "rotation_up": 79.67, "upward_expansion": 94.39, "deceleration": 45.16, "rotation_down": 11.03, "downward_expansion": 21.05 }, "activity_lines": [ 40.904666, 40.50596, 40.004848, 39.509706 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 41.380001, "trend_reference": 38.806064, "distance_from_trend": 0.066328, "trend_direction": "Improving", "fair_value": 27.140039, "distance_from_fair_value": 0.524685, "fair_value_direction": "Weakening", "relative_strength": 2.075718, "relative_strength_direction": "Weakening", "price_momentum": 0.127706, "excess_performance": 0.007284, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.066328, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053988, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.524685, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013011, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020757, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.03304, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.127706, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.286932, "read": "Demand-led" } ], "volume": { "latest": 15800, "relative_activity": 0.499763, "balance": 3.286932, "dry_up": 0.637356, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.011882, "annualized_volatility": 0.112587, "from_high_reference": -0.003372, "from_low_reference": 0.440789 }, "levels": { "trend_reference": 38.806064, "fair_value_reference": 27.140039, "structural_low": 36.524881, 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"regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.795565, "energy": 66.686374, "activity_lines": [ 40.190666, 40.076252, 39.605629, 39.156857 ] }, { "date": "2026-07-31", "close": 41.119999, "volume": 27800, "typical_volume": 32235.0, "trend": 38.615712, "fair_value": 26.999567, "relative_strength": 4.94466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.055688, "energy": 72.28621, "activity_lines": [ 40.549332, 40.280319, 39.800364, 39.331365 ] }, { "date": "2026-08-07", "close": 41.380001, "volume": 15800, "typical_volume": 31615.0, "trend": 38.806064, "fair_value": 27.140039, "relative_strength": 2.075718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.718011, "energy": 92.479402, "activity_lines": [ 40.904666, 40.50596, 40.004848, 39.509706 ] } ], "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." } } }