{ "ticker": { "uuid": "13e8569e-07d5-4fcd-80ef-78bc125f877d", "symbol": "T", "name": "TELUS 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -79.035, "architecture_energy": 78.646, "architecture_maturity": 88.651, "architecture_confidence": 74.571, "architecture_tenure": "Extended", "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": 1.56, "rotation_up": 9.34, "upward_expansion": 15.9, "deceleration": 43.18, "rotation_down": 84.17, "downward_expansion": 93.9 }, "activity_lines": [ 13.883333, 14.473814, 15.34128, 15.873529 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 13.53, "trend_reference": 16.563318, "distance_from_trend": -0.183135, "trend_direction": "Weakening", "fair_value": 18.556762, "distance_from_fair_value": -0.270886, "fair_value_direction": "Weakening", "relative_strength": -32.330067, "relative_strength_direction": "Weakening", "price_momentum": -0.265646, "excess_performance": -0.386067, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.183135, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.047274, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.270886, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.170258, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.323301, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.120013, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.265646, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.664679, "read": "Supply-led" } ], "volume": { "latest": 68088100, "relative_activity": 2.204792, "balance": 0.664679, "dry_up": 1.79656, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.061511, "annualized_volatility": 0.226846, "from_high_reference": -0.361932, "from_low_reference": 0.046404 }, "levels": { "trend_reference": 16.563318, "fair_value_reference": 18.556762, "structural_low": 12.93, "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": 27, "median_return": -0.008368, "positive_rate": 0.481481, "directional_follow_through": 0.518519, "median_excess_return": -0.006465, "regime_survival": 0.703704, "best_return": 0.106628, "worst_return": -0.112981, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.02086, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": -0.035934, "regime_survival": 0.6, "best_return": 0.068881, "worst_return": -0.081218, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.0165, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.073675, "regime_survival": 0.5, "best_return": 0.155237, "worst_return": -0.105313, "sufficient": true }, { "horizon": "Full 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16.266525, 16.618068 ] }, { "date": "2026-07-17", "close": 14.56, "volume": 32926100, "typical_volume": 27564920.0, "trend": 16.905098, "fair_value": 18.652457, "relative_strength": -27.534511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.977727, "energy": 93.017428, "activity_lines": [ 14.884, 15.523892, 16.066927, 16.462358 ] }, { "date": "2026-07-24", "close": 14.4, "volume": 34063000, "typical_volume": 27121565.0, "trend": 16.828807, "fair_value": 18.62376, "relative_strength": -27.703457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.050591, "energy": 91.630517, "activity_lines": [ 14.622667, 15.243463, 15.867678, 16.300739 ] }, { "date": "2026-07-31", "close": 13.38, "volume": 86847400, "typical_volume": 29115315.0, "trend": 16.70294, "fair_value": 18.591855, "relative_strength": -31.737258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.874494, "energy": 93.416423, "activity_lines": [ 14.15, 14.813567, 15.587361, 16.078235 ] }, { "date": "2026-08-07", "close": 13.53, "volume": 68088100, "typical_volume": 30881875.0, "trend": 16.563318, "fair_value": 18.556762, "relative_strength": -32.330067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.034542, "energy": 78.646239, "activity_lines": [ 13.883333, 14.473814, 15.34128, 15.873529 ] } ], "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." } } }