{ "ticker": { "uuid": "12536f86-dd15-4b95-a2b8-4bd8f938c0de", "symbol": "EDR", "name": "Endeavour Silver Corp.", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 62.467, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -41.333, "architecture_energy": 29.757, "architecture_maturity": 25.869, "architecture_confidence": 91.311, "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": 25.36, "rotation_up": 23.86, "upward_expansion": 5.82, "deceleration": 51.24, "rotation_down": 46.98, "downward_expansion": 76.82 }, "activity_lines": [ 11.586, 11.599818, 12.046762, 12.579398 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 13.29, "trend_reference": 13.564667, "distance_from_trend": -0.020249, "trend_direction": "Weakening", "fair_value": 7.285577, "distance_from_fair_value": 0.824152, "fair_value_direction": "Weakening", "relative_strength": -4.732807, "relative_strength_direction": "Weakening", "price_momentum": -0.143686, "excess_performance": -0.264107, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.020249, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016578, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.824152, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.245657, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.047328, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.171856, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.143686, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.536463, "read": "Supply-led" } ], "volume": { "latest": 4096100, "relative_activity": 1.037128, "balance": 0.536463, "dry_up": 1.082615, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.116861, "annualized_volatility": 0.759042, "from_high_reference": -0.357971, "from_low_reference": 0.901288 }, "levels": { "trend_reference": 13.564667, "fair_value_reference": 7.285577, "structural_low": 10.07, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.007463, "positive_rate": 0.44, "directional_follow_through": 0.56, "median_excess_return": -0.006919, "regime_survival": 0.8, "best_return": 0.515625, "worst_return": -0.167331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.063826, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.033888, "regime_survival": 0.375, "best_return": 0.502016, "worst_return": -0.216867, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.047961, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.067839, "regime_survival": 0.5, "best_return": 1.038306, "worst_return": -0.324675, "sufficient": true }, { "horizon": "Full cycle", 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11.930667, 12.348909, 12.844714, 13.447806 ] }, { "date": "2026-07-03", "close": 12.52, "volume": 212400, "typical_volume": 5052250.0, "trend": 13.879333, "fair_value": 7.063269, "relative_strength": -6.325718, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.963954, "energy": 47.639662, "activity_lines": [ 12.06, 12.329091, 12.742857, 13.361204 ] }, { "date": "2026-07-10", "close": 11.44, "volume": 3719000, "typical_volume": 4878055.0, "trend": 13.849, "fair_value": 7.107628, "relative_strength": -14.672789, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.032848, "energy": 44.277426, "activity_lines": [ 11.911333, 12.124727, 12.554762, 13.203828 ] }, { "date": "2026-07-17", "close": 10.4, "volume": 4031700, "typical_volume": 4631825.0, "trend": 13.756333, "fair_value": 7.144167, "relative_strength": -22.434428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.950181, "energy": 54.3794, "activity_lines": [ 11.394, 11.751091, 12.297143, 12.981312 ] }, { "date": "2026-07-24", "close": 11.02, "volume": 4516100, "typical_volume": 4411585.0, "trend": 13.678333, "fair_value": 7.18641, "relative_strength": -18.164159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.290264, "energy": 47.0685, "activity_lines": [ 11.19, 11.550727, 12.139429, 12.804774 ] }, { "date": "2026-07-31", "close": 10.51, "volume": 4459100, "typical_volume": 4387610.0, "trend": 13.615, "fair_value": 7.226218, "relative_strength": -21.810298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.086812, "energy": 57.634469, "activity_lines": [ 10.882, 11.302545, 11.953143, 12.600366 ] }, { "date": "2026-08-07", "close": 13.29, "volume": 4096100, "typical_volume": 3949465.0, "trend": 13.564667, "fair_value": 7.285577, "relative_strength": -4.732807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.332714, "energy": 29.757336, "activity_lines": [ 11.586, 11.599818, 12.046762, 12.579398 ] } ], "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." } } }