{
  "ticker": {
    "uuid": "040e52b2-8a48-456d-96d3-9d1dbe0f0945",
    "symbol": "URB",
    "name": "Urbana Corporation",
    "exchange": "TOR",
    "country": "CA",
    "assetType": "equity"
  },
  "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 91.686,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -43.33,
    "architecture_energy": 28.728,
    "architecture_maturity": 21.369,
    "architecture_confidence": 57.532,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 45.88,
        "rotation_up": 20.23,
        "upward_expansion": 14.07,
        "deceleration": 60.22,
        "rotation_down": 44.27,
        "downward_expansion": 64.07
      },
      "activity_lines": [
        8.914,
        8.902364,
        9.107571,
        9.195226
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 9.12,
    "trend_reference": 9.304333,
    "distance_from_trend": -0.019812,
    "trend_direction": "Improving",
    "fair_value": 6.472223,
    "distance_from_fair_value": 0.409099,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.432112,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.043022,
    "excess_performance": -0.163443,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.019812,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00507,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.409099,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.151921,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.074321,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.112865,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.043022,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.687117,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8200,
      "relative_activity": 0.863612,
      "balance": 2.687117,
      "dry_up": 0.439705,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.049089,
      "annualized_volatility": 0.25373,
      "from_high_reference": -0.159101,
      "from_low_reference": 0.342509
    },
    "levels": {
      "trend_reference": 9.304333,
      "fair_value_reference": 6.472223,
      "structural_low": 8.34,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.036364,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.00205,
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        "best_return": 0.072658,
        "worst_return": -0.017721,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.09542,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.043745,
        "regime_survival": 0.333333,
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        "worst_return": 0.039473,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.199436,
        "positive_rate": 1.0,
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        "worst_return": 0.167293,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.444379,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "start": "2023-11-24",
        "end": "2024-01-05",
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "regime": "balance",
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        "regime": "rotation_up",
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        "direction": 17.201307,
        "energy": 11.241443,
        "activity_lines": [
          9.395333,
          9.395455,
          9.436054,
          9.276864
        ]
      },
      {
        "date": "2026-05-01",
        "close": 9.19,
        "volume": 12500,
        "typical_volume": 16780.0,
        "trend": 8.989847,
        "fair_value": 5.985688,
        "relative_strength": 2.495625,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.634814,
        "energy": 7.180883,
        "activity_lines": [
          9.309333,
          9.357273,
          9.413622,
          9.293341
        ]
      },
      {
        "date": "2026-05-08",
        "close": 9.4,
        "volume": 5000,
        "typical_volume": 16345.0,
        "trend": 9.051103,
        "fair_value": 6.021706,
        "relative_strength": 3.854424,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.006488,
        "energy": 8.478776,
        "activity_lines": [
          9.308667,
          9.364182,
          9.407805,
          9.319803
        ]
      },
      {
        "date": "2026-05-15",
        "close": 9.75,
        "volume": 14800,
        "typical_volume": 16310.0,
        "trend": 9.122055,
        "fair_value": 6.06015,
        "relative_strength": 8.04479,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 47.104862,
        "energy": 17.725089,
        "activity_lines": [
          9.445333,
          9.434364,
          9.432674,
          9.364893
        ]
      },
      {
        "date": "2026-05-22",
        "close": 9.61,
        "volume": 9600,
        "typical_volume": 15230.0,
        "trend": 9.187682,
        "fair_value": 6.097575,
        "relative_strength": 4.196783,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 43.378945,
        "energy": 20.613005,
        "activity_lines": [
          9.517333,
          9.467818,
          9.441539,
          9.396373
        ]
      },
      {
        "date": "2026-05-29",
        "close": 9.92,
        "volume": 9800,
        "typical_volume": 13760.0,
        "trend": 9.257399,
        "fair_value": 6.137048,
        "relative_strength": 6.281829,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 54.218154,
        "energy": 39.315944,
        "activity_lines": [
          9.685333,
          9.555636,
          9.482619,
          9.443619
        ]
      },
      {
        "date": "2026-06-05",
        "close": 9.29,
        "volume": 900,
        "typical_volume": 12900.0,
        "trend": 9.300857,
        "fair_value": 6.173389,
        "relative_strength": 0.309587,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.621836,
        "energy": 24.191385,
        "activity_lines": [
          9.590667,
          9.515455,
          9.465524,
          9.445723
        ]
      },
      {
        "date": "2026-06-12",
        "close": 9.3,
        "volume": 400,
        "typical_volume": 11530.0,
        "trend": 9.336761,
        "fair_value": 6.209129,
        "relative_strength": -1.353342,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.762558,
        "energy": 14.965765,
        "activity_lines": [
          9.492667,
          9.479455,
          9.450952,
          9.445667
        ]
      },
      {
        "date": "2026-06-19",
        "close": 9.49,
        "volume": 800,
        "typical_volume": 11310.0,
        "trend": 9.378012,
        "fair_value": 6.246087,
        "relative_strength": 0.337719,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.700006,
        "energy": 11.699469,
        "activity_lines": [
          9.464667,
          9.485455,
          9.45581,
          9.455554
        ]
      },
      {
        "date": "2026-06-26",
        "close": 8.74,
        "volume": 800,
        "typical_volume": 10385.0,
        "trend": 9.387361,
        "fair_value": 6.278298,
        "relative_strength": -7.68542,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -34.681937,
        "energy": 25.308029,
        "activity_lines": [
          9.204,
          9.354909,
          9.390667,
          9.414392
        ]
      },
      {
        "date": "2026-07-03",
        "close": 8.61,
        "volume": 300,
        "typical_volume": 10080.0,
        "trend": 9.393692,
        "fair_value": 6.310038,
        "relative_strength": -9.77901,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -67.344132,
        "energy": 60.856295,
        "activity_lines": [
          8.958,
          9.214545,
          9.316905,
          9.364239
        ]
      },
      {
        "date": "2026-07-10",
        "close": 8.8,
        "volume": 6000,
        "typical_volume": 10270.0,
        "trend": 9.404384,
        "fair_value": 6.342997,
        "relative_strength": -7.970944,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.056665,
        "energy": 62.37057,
        "activity_lines": [
          8.862667,
          9.118182,
          9.263095,
          9.325937
        ]
      },
      {
        "date": "2026-07-17",
        "close": 8.67,
        "volume": 3600,
        "typical_volume": 10190.0,
        "trend": 9.398582,
        "fair_value": 6.375061,
        "relative_strength": -9.212628,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.49617,
        "energy": 71.484847,
        "activity_lines": [
          8.756667,
          9.005273,
          9.200571,
          9.278557
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.91,
        "volume": 3800,
        "typical_volume": 9650.0,
        "trend": 9.389278,
        "fair_value": 6.407274,
        "relative_strength": -7.008942,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.199754,
        "energy": 63.255046,
        "activity_lines": [
          8.772667,
          8.949273,
          9.164286,
          9.247036
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.81,
        "volume": 1100,
        "typical_volume": 9410.0,
        "trend": 9.343775,
        "fair_value": 6.438664,
        "relative_strength": -7.651607,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.671306,
        "energy": 48.334898,
        "activity_lines": [
          8.794,
          8.890364,
          9.119524,
          9.209663
        ]
      },
      {
        "date": "2026-08-07",
        "close": 9.12,
        "volume": 8200,
        "typical_volume": 9495.0,
        "trend": 9.304333,
        "fair_value": 6.472223,
        "relative_strength": -7.432112,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.329948,
        "energy": 28.728086,
        "activity_lines": [
          8.914,
          8.902364,
          9.107571,
          9.195226
        ]
      }
    ],
    "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."
    }
  }
}