{ "ticker": { "uuid": "fcf9b966-d870-4447-8c4e-38200ef6408b", "symbol": "ESPX", "name": "Evolve S&P 500 Enhanced Yield Fund CAD Hedged", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.583, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 80.648, "architecture_energy": 51.462, "architecture_maturity": 14.14, "architecture_confidence": 77.367, "architecture_tenure": "New", "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": 25.59, "rotation_up": 56.4, "upward_expansion": 79.84, "deceleration": 58.11, "rotation_down": 23.54, "downward_expansion": 6.5 }, "activity_lines": [ 25.780491, 25.641849, 25.522211, 25.208673 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 26.360001, "trend_reference": 24.884687, "distance_from_trend": 0.059286, "trend_direction": "Improving", "fair_value": 21.246054, "distance_from_fair_value": 0.240701, "fair_value_direction": "Weakening", "relative_strength": -4.233253, "relative_strength_direction": "Weakening", "price_momentum": 0.073753, "excess_performance": -0.046669, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059286, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017489, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.240701, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005292, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.042333, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003842, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.073753, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.525705, "read": "Demand-led" } ], "volume": { "latest": 8000, "relative_activity": 0.556522, "balance": 1.525705, "dry_up": 1.25913, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.01819, "annualized_volatility": 0.118687, "from_high_reference": -0.000758, "from_low_reference": 0.166972 }, "levels": { "trend_reference": 24.884687, "fair_value_reference": 21.246054, "structural_low": 22.588381, 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"trend": 24.649544, "fair_value": 20.900712, "relative_strength": -6.642507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.428105, "energy": 32.594116, "activity_lines": [ 25.411379, 25.491199, 25.060057, 24.850941 ] }, { "date": "2026-07-03", "close": 25.523682, "volume": 18200, "typical_volume": 19945.0, "trend": 24.685468, "fair_value": 20.959086, "relative_strength": -5.532303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.271869, "energy": 30.81163, "activity_lines": [ 25.409185, 25.503607, 25.137815, 24.907338 ] }, { "date": "2026-07-10", "close": 25.821045, "volume": 14100, "typical_volume": 20230.0, "trend": 24.736044, "fair_value": 21.017463, "relative_strength": -4.351928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.993169, "energy": 38.831307, "activity_lines": [ 25.539122, 25.560744, 25.23861, 24.980601 ] }, { "date": "2026-07-17", "close": 25.434473, "volume": 24200, "typical_volume": 20870.0, "trend": 24.772787, "fair_value": 21.072581, "relative_strength": -5.426867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.093041, "energy": 32.617209, "activity_lines": [ 25.515723, 25.534481, 25.296441, 25.02566 ] }, { "date": "2026-07-24", "close": 25.285791, "volume": 31100, "typical_volume": 21145.0, "trend": 24.793515, "fair_value": 21.125739, "relative_strength": -5.98261, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.123713, "energy": 32.291001, "activity_lines": [ 25.451984, 25.482604, 25.335134, 25.058758 ] }, { "date": "2026-07-31", "close": 25.59, "volume": 9100, "typical_volume": 15825.0, "trend": 24.832801, "fair_value": 21.183158, "relative_strength": -4.222127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.489763, "energy": 36.844451, "activity_lines": [ 25.504157, 25.491054, 25.396673, 25.110144 ] }, { "date": "2026-08-07", "close": 26.360001, "volume": 8000, "typical_volume": 14375.0, "trend": 24.884687, "fair_value": 21.246054, "relative_strength": -4.233253, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.648472, "energy": 51.462073, "activity_lines": [ 25.780491, 25.641849, 25.522211, 25.208673 ] } ], "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." } } }