{ "ticker": { "uuid": "086d5d1b-2487-4d7d-933b-7805cf94d485", "symbol": "TECK-B", "name": "Teck Resources Limited", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 61.673, "architecture_energy": 28.826, "architecture_maturity": 26.979, "architecture_confidence": 91.498, "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": 46.01, "rotation_up": 38.58, "upward_expansion": 66.63, "deceleration": 90.54, "rotation_down": 26.73, "downward_expansion": 9.3 }, "activity_lines": [ 86.358, 85.644574, 85.39326, 83.001935 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 92.75, "trend_reference": 80.022153, "distance_from_trend": 0.159054, "trend_direction": "Improving", "fair_value": 61.727433, "distance_from_fair_value": 0.502573, "fair_value_direction": "Improving", "relative_strength": 18.214363, "relative_strength_direction": "Weakening", "price_momentum": 0.236384, "excess_performance": 0.115962, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.159054, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.114637, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.502573, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001049, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.182144, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.111061, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.236384, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.829861, "read": "Supply-led" } ], "volume": { "latest": 4470302, "relative_activity": 1.121704, "balance": 0.829861, "dry_up": 1.256704, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.080077, "annualized_volatility": 0.48411, "from_high_reference": -0.010139, "from_low_reference": 1.172557 }, "levels": { "trend_reference": 80.022153, "fair_value_reference": 61.727433, "structural_low": 61.200001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.005824, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.008797, "regime_survival": 0.636364, "best_return": 0.166482, "worst_return": -0.185779, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.04185, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": 0.012787, "regime_survival": 0.444444, "best_return": 0.315372, "worst_return": -0.168506, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.157665, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.065597, "regime_survival": 0.166667, "best_return": 0.316854, "worst_return": -0.240661, 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"typical_volume": 4173910.6, "trend": 78.609867, "fair_value": 61.278021, "relative_strength": 13.178103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.990266, "energy": 17.522339, "activity_lines": [ 82.865335, 84.629689, 84.060764, 81.758448 ] }, { "date": "2026-07-31", "close": 84.36, "volume": 5343680, "typical_volume": 4060789.85, "trend": 79.226088, "fair_value": 61.470025, "relative_strength": 11.967092, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.761632, "energy": 12.222476, "activity_lines": [ 83.270001, 84.355308, 84.366298, 82.129425 ] }, { "date": "2026-08-07", "close": 92.75, "volume": 4470302, "typical_volume": 3985276.85, "trend": 80.022153, "fair_value": 61.727433, "relative_strength": 18.214363, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.672949, "energy": 28.825595, "activity_lines": [ 86.358, 85.644574, 85.39326, 83.001935 ] } ], "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." } } }