{
  "ticker": {
    "uuid": "37e56f8d-46da-4712-8c3f-311ccf73e0a5",
    "symbol": "NRGY",
    "name": "Global X Equal Weight Canadian Oil & Gas Index ETF",
    "exchange": "TOR",
    "country": "CA",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 27.99,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 19.36171,
    "boundary_margin": 0.445637,
    "trend_agreement": "Fully aligned",
    "persistence": "Mature",
    "direction_turnover": "Low",
    "annualized_volatility": 0.258879,
    "volatility_stability": 1.2649,
    "risk_context": 0.3863,
    "current_regime": {
      "move": 0.364687,
      "interruption": -0.094919,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 100.0,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend has persisted into a mature lifecycle.",
      "boundary_context": "The latest close is 44.6% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-11-07",
        "close": 20.510191,
        "direction_boundary": 18.850845,
        "core_momentum": 0.088025,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.123602
      },
      {
        "date": "2025-11-14",
        "close": 21.401089,
        "direction_boundary": 19.048578,
        "core_momentum": 0.123501,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.128106
      },
      {
        "date": "2025-11-21",
        "close": 21.430456,
        "direction_boundary": 19.792446,
        "core_momentum": 0.082759,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127244
      },
      {
        "date": "2025-11-28",
        "close": 21.634783,
        "direction_boundary": 19.232336,
        "core_momentum": 0.124917,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.12337
      },
      {
        "date": "2025-12-05",
        "close": 21.723209,
        "direction_boundary": 18.656401,
        "core_momentum": 0.164384,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.120099
      },
      {
        "date": "2025-12-12",
        "close": 21.30073,
        "direction_boundary": 18.448689,
        "core_momentum": 0.154593,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.114673
      },
      {
        "date": "2025-12-19",
        "close": 20.5049,
        "direction_boundary": 17.750019,
        "core_momentum": 0.155204,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.12809
      },
      {
        "date": "2025-12-26",
        "close": 20.858601,
        "direction_boundary": 18.146555,
        "core_momentum": 0.149452,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.117878
      },
      {
        "date": "2026-01-02",
        "close": 21.38797,
        "direction_boundary": 18.832529,
        "core_momentum": 0.135693,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.121489
      },
      {
        "date": "2026-01-09",
        "close": 20.599106,
        "direction_boundary": 19.258608,
        "core_momentum": 0.069605,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.134545
      },
      {
        "date": "2026-01-16",
        "close": 21.664068,
        "direction_boundary": 19.021898,
        "core_momentum": 0.138901,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.149771
      },
      {
        "date": "2026-01-23",
        "close": 22.117664,
        "direction_boundary": 19.069239,
        "core_momentum": 0.159861,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151261
      },
      {
        "date": "2026-01-30",
        "close": 22.721544,
        "direction_boundary": 18.479498,
        "core_momentum": 0.229554,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.15417
      },
      {
        "date": "2026-02-06",
        "close": 23.334841,
        "direction_boundary": 18.631439,
        "core_momentum": 0.252444,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.156631
      },
      {
        "date": "2026-02-13",
        "close": 24.422943,
        "direction_boundary": 18.602951,
        "core_momentum": 0.312853,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.165445
      },
      {
        "date": "2026-02-20",
        "close": 24.749374,
        "direction_boundary": 18.593451,
        "core_momentum": 0.33108,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.165267
      },
      {
        "date": "2026-02-27",
        "close": 24.950882,
        "direction_boundary": 18.458828,
        "core_momentum": 0.351705,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164797
      },
      {
        "date": "2026-03-06",
        "close": 25.337797,
        "direction_boundary": 18.096893,
        "core_momentum": 0.400119,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164422
      },
      {
        "date": "2026-03-13",
        "close": 26.220749,
        "direction_boundary": 18.573122,
        "core_momentum": 0.411758,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16797
      },
      {
        "date": "2026-03-20",
        "close": 27.123543,
        "direction_boundary": 19.306526,
        "core_momentum": 0.40489,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.171225
      },
      {
        "date": "2026-03-27",
        "close": 27.946972,
        "direction_boundary": 19.287476,
        "core_momentum": 0.44897,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.171043
      },
      {
        "date": "2026-04-03",
        "close": 27.333319,
        "direction_boundary": 17.336948,
        "core_momentum": 0.576593,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.17445
      },
      {
        "date": "2026-04-10",
        "close": 26.726576,
        "direction_boundary": 16.916656,
        "core_momentum": 0.579897,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176193
      },
      {
        "date": "2026-04-17",
        "close": 25.29426,
        "direction_boundary": 17.824106,
        "core_momentum": 0.419104,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.192368
      },
      {
        "date": "2026-04-24",
        "close": 26.010418,
        "direction_boundary": 17.92918,
        "core_momentum": 0.450731,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.194092
      },
      {
        "date": "2026-05-01",
        "close": 27.978159,
        "direction_boundary": 17.867525,
        "core_momentum": 0.565867,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.212431
      },
      {
        "date": "2026-05-08",
        "close": 27.341616,
        "direction_boundary": 18.241364,
        "core_momentum": 0.49888,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.217896
      },
      {
        "date": "2026-05-15",
        "close": 29.211468,
        "direction_boundary": 18.874012,
        "core_momentum": 0.547708,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.226995
      },
      {
        "date": "2026-05-22",
        "close": 29.539686,
        "direction_boundary": 18.758982,
        "core_momentum": 0.574696,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.226486
      },
      {
        "date": "2026-05-29",
        "close": 27.713598,
        "direction_boundary": 18.447487,
        "core_momentum": 0.502297,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.249931
      },
      {
        "date": "2026-06-05",
        "close": 28.670959,
        "direction_boundary": 18.928391,
        "core_momentum": 0.514707,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.252055
      },
      {
        "date": "2026-06-12",
        "close": 28.71085,
        "direction_boundary": 19.6786,
        "core_momentum": 0.458988,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.248661
      },
      {
        "date": "2026-06-19",
        "close": 27.394478,
        "direction_boundary": 19.707458,
        "core_momentum": 0.390056,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.252466
      },
      {
        "date": "2026-06-26",
        "close": 27.136164,
        "direction_boundary": 19.014959,
        "core_momentum": 0.427096,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.253897
      },
      {
        "date": "2026-07-03",
        "close": 27.071325,
        "direction_boundary": 19.030396,
        "core_momentum": 0.422531,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.253519
      },
      {
        "date": "2026-07-10",
        "close": 27.739632,
        "direction_boundary": 19.19445,
        "core_momentum": 0.44519,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.245143
      },
      {
        "date": "2026-07-17",
        "close": 28.836847,
        "direction_boundary": 19.184799,
        "core_momentum": 0.503109,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.241959
      },
      {
        "date": "2026-07-24",
        "close": 29.88419,
        "direction_boundary": 19.19445,
        "core_momentum": 0.556918,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.24404
      },
      {
        "date": "2026-07-31",
        "close": 29.51,
        "direction_boundary": 19.303596,
        "core_momentum": 0.528731,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.245219
      },
      {
        "date": "2026-08-07",
        "close": 27.99,
        "direction_boundary": 19.36171,
        "core_momentum": 0.445637,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.258879
      }
    ],
    "price_history": [
      {
        "date": "2024-11-08",
        "close": 18.850845,
        "volume": 2482700
      },
      {
        "date": "2024-11-15",
        "close": 19.048578,
        "volume": 5029500
      },
      {
        "date": "2024-11-22",
        "close": 19.792446,
        "volume": 35000
      },
      {
        "date": "2024-11-29",
        "close": 19.232336,
        "volume": 77600
      },
      {
        "date": "2024-12-06",
        "close": 18.656401,
        "volume": 12400
      },
      {
        "date": "2024-12-13",
        "close": 18.448689,
        "volume": 11400
      },
      {
        "date": "2024-12-20",
        "close": 17.750019,
        "volume": 7500
      },
      {
        "date": "2024-12-27",
        "close": 18.146555,
        "volume": 2800
      },
      {
        "date": "2025-01-03",
        "close": 18.832529,
        "volume": 8900
      },
      {
        "date": "2025-01-10",
        "close": 19.258608,
        "volume": 11000
      },
      {
        "date": "2025-01-17",
        "close": 19.021898,
        "volume": 9900
      },
      {
        "date": "2025-01-24",
        "close": 19.069239,
        "volume": 15500
      },
      {
        "date": "2025-01-31",
        "close": 18.479498,
        "volume": 18500
      },
      {
        "date": "2025-02-07",
        "close": 18.631439,
        "volume": 34800
      },
      {
        "date": "2025-02-14",
        "close": 18.602951,
        "volume": 13200
      },
      {
        "date": "2025-02-21",
        "close": 18.593451,
        "volume": 2400
      },
      {
        "date": "2025-02-28",
        "close": 18.458828,
        "volume": 21800
      },
      {
        "date": "2025-03-07",
        "close": 18.096893,
        "volume": 27700
      },
      {
        "date": "2025-03-14",
        "close": 18.573122,
        "volume": 13700
      },
      {
        "date": "2025-03-21",
        "close": 19.306526,
        "volume": 6600
      },
      {
        "date": "2025-03-28",
        "close": 19.287476,
        "volume": 10800
      },
      {
        "date": "2025-04-04",
        "close": 17.336948,
        "volume": 39000
      },
      {
        "date": "2025-04-11",
        "close": 16.916656,
        "volume": 22400
      },
      {
        "date": "2025-04-18",
        "close": 17.824106,
        "volume": 10500
      },
      {
        "date": "2025-04-25",
        "close": 17.92918,
        "volume": 14000
      },
      {
        "date": "2025-05-02",
        "close": 17.867525,
        "volume": 17100
      },
      {
        "date": "2025-05-09",
        "close": 18.241364,
        "volume": 4100
      },
      {
        "date": "2025-05-16",
        "close": 18.874012,
        "volume": 20300
      },
      {
        "date": "2025-05-23",
        "close": 18.758982,
        "volume": 2600
      },
      {
        "date": "2025-05-30",
        "close": 18.447487,
        "volume": 8500
      },
      {
        "date": "2025-06-06",
        "close": 18.928391,
        "volume": 8300
      },
      {
        "date": "2025-06-13",
        "close": 19.6786,
        "volume": 11300
      },
      {
        "date": "2025-06-20",
        "close": 19.707458,
        "volume": 11900
      },
      {
        "date": "2025-06-27",
        "close": 19.014959,
        "volume": 16600
      },
      {
        "date": "2025-07-04",
        "close": 19.030396,
        "volume": 2700
      },
      {
        "date": "2025-07-11",
        "close": 19.19445,
        "volume": 7500
      },
      {
        "date": "2025-07-18",
        "close": 19.184799,
        "volume": 5400
      },
      {
        "date": "2025-07-25",
        "close": 19.19445,
        "volume": 15000
      },
      {
        "date": "2025-08-01",
        "close": 19.303596,
        "volume": 21100
      },
      {
        "date": "2025-08-08",
        "close": 19.36171,
        "volume": 19300
      },
      {
        "date": "2025-08-15",
        "close": 19.516676,
        "volume": 2600
      },
      {
        "date": "2025-08-22",
        "close": 19.826624,
        "volume": 1100
      },
      {
        "date": "2025-08-29",
        "close": 20.169785,
        "volume": 7300
      },
      {
        "date": "2025-09-05",
        "close": 20.130903,
        "volume": 4500
      },
      {
        "date": "2025-09-12",
        "close": 20.441957,
        "volume": 11100
      },
      {
        "date": "2025-09-19",
        "close": 20.578045,
        "volume": 22900
      },
      {
        "date": "2025-09-26",
        "close": 21.219589,
        "volume": 51100
      },
      {
        "date": "2025-10-03",
        "close": 20.979652,
        "volume": 34400
      },
      {
        "date": "2025-10-10",
        "close": 20.618778,
        "volume": 11000
      },
      {
        "date": "2025-10-17",
        "close": 20.111597,
        "volume": 10900
      },
      {
        "date": "2025-10-24",
        "close": 20.389568,
        "volume": 38400
      },
      {
        "date": "2025-10-31",
        "close": 20.373131,
        "volume": 38800
      },
      {
        "date": "2025-11-07",
        "close": 20.510191,
        "volume": 17800
      },
      {
        "date": "2025-11-14",
        "close": 21.401089,
        "volume": 47900
      },
      {
        "date": "2025-11-21",
        "close": 21.430456,
        "volume": 35700
      },
      {
        "date": "2025-11-28",
        "close": 21.634783,
        "volume": 42400
      },
      {
        "date": "2025-12-05",
        "close": 21.723209,
        "volume": 16800
      },
      {
        "date": "2025-12-12",
        "close": 21.30073,
        "volume": 13300
      },
      {
        "date": "2025-12-19",
        "close": 20.5049,
        "volume": 35300
      },
      {
        "date": "2025-12-26",
        "close": 20.858601,
        "volume": 8600
      },
      {
        "date": "2026-01-02",
        "close": 21.38797,
        "volume": 15200
      },
      {
        "date": "2026-01-09",
        "close": 20.599106,
        "volume": 60700
      },
      {
        "date": "2026-01-16",
        "close": 21.664068,
        "volume": 38900
      },
      {
        "date": "2026-01-23",
        "close": 22.117664,
        "volume": 20200
      },
      {
        "date": "2026-01-30",
        "close": 22.721544,
        "volume": 54000
      },
      {
        "date": "2026-02-06",
        "close": 23.334841,
        "volume": 38800
      },
      {
        "date": "2026-02-13",
        "close": 24.422943,
        "volume": 16000
      },
      {
        "date": "2026-02-20",
        "close": 24.749374,
        "volume": 16200
      },
      {
        "date": "2026-02-27",
        "close": 24.950882,
        "volume": 68200
      },
      {
        "date": "2026-03-06",
        "close": 25.337797,
        "volume": 102700
      },
      {
        "date": "2026-03-13",
        "close": 26.220749,
        "volume": 80400
      },
      {
        "date": "2026-03-20",
        "close": 27.123543,
        "volume": 129400
      },
      {
        "date": "2026-03-27",
        "close": 27.946972,
        "volume": 48300
      },
      {
        "date": "2026-04-03",
        "close": 27.333319,
        "volume": 95600
      },
      {
        "date": "2026-04-10",
        "close": 26.726576,
        "volume": 43300
      },
      {
        "date": "2026-04-17",
        "close": 25.29426,
        "volume": 60800
      },
      {
        "date": "2026-04-24",
        "close": 26.010418,
        "volume": 30400
      },
      {
        "date": "2026-05-01",
        "close": 27.978159,
        "volume": 26400
      },
      {
        "date": "2026-05-08",
        "close": 27.341616,
        "volume": 48300
      },
      {
        "date": "2026-05-15",
        "close": 29.211468,
        "volume": 69200
      },
      {
        "date": "2026-05-22",
        "close": 29.539686,
        "volume": 63800
      },
      {
        "date": "2026-05-29",
        "close": 27.713598,
        "volume": 49300
      },
      {
        "date": "2026-06-05",
        "close": 28.670959,
        "volume": 2400
      },
      {
        "date": "2026-06-12",
        "close": 28.71085,
        "volume": 28600
      },
      {
        "date": "2026-06-19",
        "close": 27.394478,
        "volume": 2100
      },
      {
        "date": "2026-06-26",
        "close": 27.136164,
        "volume": 100
      },
      {
        "date": "2026-07-03",
        "close": 27.071325,
        "volume": 8900
      },
      {
        "date": "2026-07-10",
        "close": 27.739632,
        "volume": 18200
      },
      {
        "date": "2026-07-17",
        "close": 28.836847,
        "volume": 11900
      },
      {
        "date": "2026-07-24",
        "close": 29.88419,
        "volume": 20300
      },
      {
        "date": "2026-07-31",
        "close": 29.51,
        "volume": 15400
      },
      {
        "date": "2026-08-07",
        "close": 27.99,
        "volume": 17300
      }
    ],
    "sharemaestro_context": {
      "trend": 26.689464,
      "fair_value": 21.797007,
      "market_activity": 44.669042,
      "market_dynamics": -0.160032,
      "relative_strength": 3.587153
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.059142,
        "directional_follow_through": 0.6667,
        "regime_survival": 1.0,
        "conditional_difference": 0.008506,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.137719,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.015557,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.333075,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.000992,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-11-07",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.364687
      }
    ]
  }
}