{ "ticker": { "uuid": "050e0449-f5e1-4c7e-bc71-5ccdb36acf71", "symbol": "HOM-UN", "name": "BSR Real Estate Investment Trust", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 61.893, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 60.798, "architecture_energy": 31.917, "architecture_maturity": 11.757, "architecture_confidence": 70.854, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 36.3, "rotation_up": 49.72, "upward_expansion": 76.35, "deceleration": 58.63, "rotation_down": 20.02, "downward_expansion": 3.02 }, "activity_lines": [ 16.784642, 16.708708, 16.498373, 16.366194 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 17.09, "trend_reference": 16.327671, "distance_from_trend": 0.046689, "trend_direction": "Improving", "fair_value": 15.775141, "distance_from_fair_value": 0.08335, "fair_value_direction": "Improving", "relative_strength": -7.659804, "relative_strength_direction": "Improving", "price_momentum": 0.032269, "excess_performance": -0.088153, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046689, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01131, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.08335, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057503, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076598, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06877, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.032269, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.177, "read": "Demand-led" } ], "volume": { "latest": 59600, "relative_activity": 1.244519, "balance": 4.177, "dry_up": 1.146377, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.044283, "annualized_volatility": 0.226686, "from_high_reference": -0.06049, "from_low_reference": 0.195413 }, "levels": { "trend_reference": 16.327671, "fair_value_reference": 15.775141, "structural_low": 14.296317, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.007437, "positive_rate": 0.47619, "directional_follow_through": 0.47619, "median_excess_return": -0.018295, "regime_survival": 0.47619, "best_return": 0.073388, "worst_return": -0.120694, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.045695, "positive_rate": 0.222222, "directional_follow_through": 0.222222, "median_excess_return": -0.086605, "regime_survival": 0.222222, "best_return": 0.068052, "worst_return": -0.133055, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.041859, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.135927, "regime_survival": 0.666667, "best_return": 0.231538, "worst_return": -0.105868, "sufficient": 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"typical_volume": 63780.0, "trend": 16.305544, "fair_value": 15.745553, "relative_strength": -10.545257, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.640829, "energy": 13.706671, "activity_lines": [ 16.550201, 16.539164, 16.299644, 16.268997 ] }, { "date": "2026-07-24", "close": 16.574802, "volume": 42500, "typical_volume": 63985.0, "trend": 16.308704, "fair_value": 15.7523, "relative_strength": -8.764168, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.617553, "energy": 11.128583, "activity_lines": [ 16.549894, 16.573405, 16.344191, 16.286368 ] }, { "date": "2026-07-31", "close": 16.77, "volume": 51000, "typical_volume": 59700.0, "trend": 16.313998, "fair_value": 15.764133, "relative_strength": -6.833276, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.221473, "energy": 27.463744, "activity_lines": [ 16.625923, 16.622637, 16.40904, 16.316129 ] }, { "date": "2026-08-07", "close": 17.09, "volume": 59600, "typical_volume": 47890.0, "trend": 16.327671, "fair_value": 15.775141, "relative_strength": -7.659804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.79837, "energy": 31.917357, "activity_lines": [ 16.784642, 16.708708, 16.498373, 16.366194 ] } ], "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." } } }