{ "ticker": { "uuid": "f990cad6-7445-425f-bde2-e8484a987914", "symbol": "ZIN", "name": "BMO Equal Weight Industrials Index 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": 65.034, "architecture_energy": 63.83, "architecture_maturity": 88.453, "architecture_confidence": 79.57, "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": 14.11, "rotation_up": 54.42, "upward_expansion": 85.33, "deceleration": 68.56, "rotation_down": 28.71, "downward_expansion": 12.0 }, "activity_lines": [ 60.592001, 60.405547, 59.529459, 58.217091 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 60.560001, "trend_reference": 56.522443, "distance_from_trend": 0.071433, "trend_direction": "Improving", "fair_value": 43.226029, "distance_from_fair_value": 0.401008, "fair_value_direction": "Weakening", "relative_strength": 2.593091, "relative_strength_direction": "Weakening", "price_momentum": 0.124111, "excess_performance": 0.00369, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071433, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.074145, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.401008, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003118, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025931, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.030081, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.124111, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.8125, "read": "Demand-led" } ], "volume": { "latest": 4000, "relative_activity": 0.860215, "balance": 2.8125, "dry_up": 0.698925, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.017019, "annualized_volatility": 0.125952, "from_high_reference": -0.024013, "from_low_reference": 0.348191 }, "levels": { "trend_reference": 56.522443, "fair_value_reference": 43.226029, "structural_low": 51.25979, 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"stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.468858, "energy": 85.293585, "activity_lines": [ 59.997614, 59.614643, 58.183069, 56.890662 ] }, { "date": "2026-07-17", "close": 61.650002, "volume": 1700, "typical_volume": 4910.0, "trend": 55.475053, "fair_value": 42.738631, "relative_strength": 7.932003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.012665, "energy": 92.939374, "activity_lines": [ 60.61644, 60.056681, 58.656349, 57.315658 ] }, { "date": "2026-07-24", "close": 61.43, "volume": 2800, "typical_volume": 4755.0, "trend": 55.868922, "fair_value": 42.906276, "relative_strength": 7.133972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.135388, "energy": 91.504093, "activity_lines": [ 60.998801, 60.387369, 59.074925, 57.699848 ] }, { "date": "2026-07-31", "close": 59.52, "volume": 4500, "typical_volume": 4545.0, "trend": 56.193813, "fair_value": 43.06359, "relative_strength": 4.183404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.438521, "energy": 66.391824, "activity_lines": [ 60.613334, 60.311237, 59.272288, 57.935401 ] }, { "date": "2026-08-07", "close": 60.560001, "volume": 4000, "typical_volume": 4650.0, "trend": 56.522443, "fair_value": 43.226029, "relative_strength": 2.593091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.034486, "energy": 63.829759, "activity_lines": [ 60.592001, 60.405547, 59.529459, 58.217091 ] } ], "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." } } }