{
  "ticker": {
    "uuid": "1646c509-7207-4eb1-943d-18c3fd8bb7d2",
    "symbol": "WEF",
    "name": "Western Forest Products Inc.",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.544,
    "architecture_energy": 55.837,
    "architecture_maturity": 65.464,
    "architecture_confidence": 78.377,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 19.72,
        "rotation_up": 57.16,
        "upward_expansion": 78.79,
        "deceleration": 66.9,
        "rotation_down": 22.06,
        "downward_expansion": 7.79
      },
      "activity_lines": [
        18.181333,
        17.948363,
        17.004904,
        16.277806
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 19.16,
    "trend_reference": 15.514666,
    "distance_from_trend": 0.23496,
    "trend_direction": "Improving",
    "fair_value": 15.448665,
    "distance_from_fair_value": 0.240237,
    "fair_value_direction": "Improving",
    "relative_strength": 22.810821,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.18491,
    "excess_performance": 0.064489,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.23496,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.164794,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.240237,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.377172,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.228108,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.229817,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.18491,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.843494,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 164700,
      "relative_activity": 1.104109,
      "balance": 1.843494,
      "dry_up": 1.070088,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.069536,
      "annualized_volatility": 0.416125,
      "from_high_reference": -0.002083,
      "from_low_reference": 0.885827
    },
    "levels": {
      "trend_reference": 15.514666,
      "fair_value_reference": 15.448665,
      "structural_low": 11.98,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.063982,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.050785,
        "regime_survival": 0.714286,
        "best_return": 0.314721,
        "worst_return": -0.183036,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": -0.097956,
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        "regime_survival": 0.666667,
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        "worst_return": -0.113173,
        "sufficient": false
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        "worst_return": -0.07996,
        "sufficient": false
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        "horizon": "Full cycle",
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        "direction": 55.838457,
        "energy": 44.126592,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 196000,
        "typical_volume": 205415.0,
        "trend": 13.057667,
        "fair_value": 16.615201,
        "relative_strength": -0.170924,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 51.673397,
        "energy": 33.577392,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 211575.0,
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        "relative_strength": -2.962981,
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        "modifier": "Re-accelerating",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 213300.0,
        "trend": 13.188667,
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        "relative_strength": -1.286897,
        "stage": 1,
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      },
      {
        "date": "2026-05-29",
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        "volume": 194000,
        "typical_volume": 215385.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 206430.0,
        "trend": 13.493333,
        "fair_value": 16.193398,
        "relative_strength": 14.477597,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 55.822061,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 18.129999,
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        "typical_volume": 197870.0,
        "trend": 13.727,
        "fair_value": 16.102899,
        "relative_strength": 23.448741,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 84.744384,
        "energy": 81.963314,
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      },
      {
        "date": "2026-06-19",
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          14.794387
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      },
      {
        "date": "2026-06-26",
        "close": 18.549999,
        "volume": 26300,
        "typical_volume": 174570.0,
        "trend": 14.204667,
        "fair_value": 15.940124,
        "relative_strength": 25.292714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.522643,
        "energy": 92.48037,
        "activity_lines": [
          17.838666,
          16.65109,
          15.614381,
          15.089398
        ]
      },
      {
        "date": "2026-07-03",
        "close": 17.389999,
        "volume": 20100,
        "typical_volume": 161685.0,
        "trend": 14.393667,
        "fair_value": 15.854364,
        "relative_strength": 16.303982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.417273,
        "energy": 85.957967,
        "activity_lines": [
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          15.847857,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 16.969999,
        "volume": 151600,
        "typical_volume": 159180.0,
        "trend": 14.590333,
        "fair_value": 15.764016,
        "relative_strength": 13.177738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.164281,
        "energy": 69.258527,
        "activity_lines": [
          17.597999,
          17.078363,
          16.025904,
          15.461118
        ]
      },
      {
        "date": "2026-07-17",
        "close": 17.85,
        "volume": 162800,
        "typical_volume": 158380.0,
        "trend": 14.829,
        "fair_value": 15.677412,
        "relative_strength": 18.8268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.362348,
        "energy": 53.306781,
        "activity_lines": [
          17.619333,
          17.347636,
          16.274904,
          15.671419
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.309999,
        "volume": 157600,
        "typical_volume": 153205.0,
        "trend": 15.049666,
        "fair_value": 15.59114,
        "relative_strength": 14.671618,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.558582,
        "energy": 42.670141,
        "activity_lines": [
          17.479333,
          17.454908,
          16.454333,
          15.831484
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.08,
        "volume": 153400,
        "typical_volume": 149295.0,
        "trend": 15.272333,
        "fair_value": 15.513596,
        "relative_strength": 20.122884,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.851066,
        "energy": 42.628878,
        "activity_lines": [
          17.634666,
          17.638181,
          16.690571,
          16.026989
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.16,
        "volume": 164700,
        "typical_volume": 149170.0,
        "trend": 15.514666,
        "fair_value": 15.448665,
        "relative_strength": 22.810821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.544214,
        "energy": 55.836512,
        "activity_lines": [
          18.181333,
          17.948363,
          17.004904,
          16.277806
        ]
      }
    ],
    "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."
    }
  }
}