{ "ticker": { "uuid": "146d4b95-03dc-411a-ae28-ee6d43380862", "symbol": "CNQ", "name": "Canadian Natural Resources Ltd", "exchange": "NYSE", "country": "US", "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": "SPY", "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": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 32.865, "architecture_energy": 33.83, "architecture_maturity": 21.105, "architecture_confidence": 61.003, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 40.33, "rotation_up": 65.24, "upward_expansion": 62.09, "deceleration": 57.06, "rotation_down": 7.06, "downward_expansion": 17.43 }, "activity_lines": [ 45.812, 44.119671, 44.261858, 44.369732 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 45.51, "trend_reference": 43.468926, "distance_from_trend": 0.046955, "trend_direction": "Improving", "fair_value": 32.776952, "distance_from_fair_value": 0.388476, "fair_value_direction": "Weakening", "relative_strength": 6.542195, "relative_strength_direction": "Weakening", "price_momentum": 0.187827, "excess_performance": 0.062202, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046955, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.094537, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.388476, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025278, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.065422, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.067563, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.187827, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.253983, "read": "Demand-led" } ], "volume": { "latest": 32669434, "relative_activity": 0.721036, "balance": 1.253983, "dry_up": 0.774961, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.065575, "annualized_volatility": 0.340117, "from_high_reference": -0.097354, "from_low_reference": 0.627267 }, "levels": { "trend_reference": 43.468926, "fair_value_reference": 32.776952, "structural_low": 38.019688, "invalidation": "A 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12.348396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.042971, "energy": 26.270775, "activity_lines": [ 45.533488, 45.510711, 45.498215, 43.60129 ] }, { "date": "2026-06-19", "close": 40.597798, "volume": 57275581, "typical_volume": 50348803.2, "trend": 40.8862, "fair_value": 31.967086, "relative_strength": 0.864762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -2.573673, "energy": 11.32829, "activity_lines": [ 43.706505, 44.655869, 45.126874, 43.600443 ] }, { "date": "2026-06-26", "close": 39.49, "volume": 65122126, "typical_volume": 51065718.4, "trend": 41.113582, "fair_value": 32.063622, "relative_strength": 0.329112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.855362, "energy": 23.102738, "activity_lines": [ 41.967166, 43.694912, 44.630332, 43.510365 ] }, { "date": "2026-07-03", "close": 39.64, "volume": 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"activity_lines": [ 41.679187, 42.460529, 43.77905, 43.592673 ] }, { "date": "2026-07-24", "close": 46.44, "volume": 28417526, "typical_volume": 49248091.05, "trend": 42.531413, "fair_value": 32.521349, "relative_strength": 14.91861, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 39.82607, "energy": 17.866907, "activity_lines": [ 43.464, 42.980138, 43.933854, 43.875613 ] }, { "date": "2026-07-31", "close": 47.68, "volume": 35325289, "typical_volume": 47672279.6, "trend": 42.999753, "fair_value": 32.657469, "relative_strength": 16.064806, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.835982, "energy": 33.996654, "activity_lines": [ 45.272667, 43.743591, 44.201699, 44.20778 ] }, { "date": "2026-08-07", "close": 45.51, "volume": 32669434, "typical_volume": 45308998.3, "trend": 43.468926, "fair_value": 32.776952, "relative_strength": 6.542195, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.864705, "energy": 33.830116, "activity_lines": [ 45.812, 44.119671, 44.261858, 44.369732 ] } ], "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." } } }