{
  "ticker": {
    "uuid": "17a66ffa-5426-4f2a-98b7-028371101105",
    "symbol": "CAS",
    "name": "Cascades 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 99.263,
    "architecture_energy": 99.177,
    "architecture_maturity": 28.0,
    "architecture_confidence": 74.872,
    "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": 11.64,
        "rotation_up": 91.38,
        "upward_expansion": 99.98,
        "deceleration": 39.0,
        "rotation_down": 8.01,
        "downward_expansion": 21.98
      },
      "activity_lines": [
        14.334667,
        13.212909,
        12.172807,
        11.914925
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 17.02,
    "trend_reference": 11.883341,
    "distance_from_trend": 0.432257,
    "trend_direction": "Improving",
    "fair_value": 10.365173,
    "distance_from_fair_value": 0.642037,
    "fair_value_direction": "Improving",
    "relative_strength": 32.640623,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.30018,
    "excess_performance": 0.179759,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.432257,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.008894,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.642037,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.600701,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.326406,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.429303,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.30018,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.376327,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5039500,
      "relative_activity": 4.338226,
      "balance": 5.376327,
      "dry_up": 2.205161,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.050999,
      "annualized_volatility": 0.470005,
      "from_high_reference": -0.001174,
      "from_low_reference": 0.878613
    },
    "levels": {
      "trend_reference": 11.883341,
      "fair_value_reference": 10.365173,
      "structural_low": 10.141842,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.027467,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.004698,
        "regime_survival": 0.4,
        "best_return": 0.161749,
        "worst_return": -0.045194,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.21972,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.19555,
        "regime_survival": 0.0,
        "best_return": 0.294215,
        "worst_return": 0.013872,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.235667,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.033475,
        "regime_survival": 0.0,
        "best_return": 0.351438,
        "worst_return": -0.090973,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.190156,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.210724,
        "regime_survival": 0.0,
        "best_return": 0.700274,
        "worst_return": -0.319962,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-05",
        "end": "2024-08-23",
        "tenure": "Established",
        "return": 0.01283,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.09595,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.008138,
        "active": false
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        "regime": "upward_expansion",
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        "end": "2026-03-06",
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        "active": false
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        "modifier": "Supply rotation",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "modifier": "Structural failure",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1057720.0,
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        "fair_value": 10.243622,
        "relative_strength": -10.185506,
        "stage": 3,
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        "energy": 37.581388,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1035995.0,
        "trend": 11.711803,
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        "relative_strength": -10.264313,
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        "modifier": "Early contraction",
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        "direction": -43.377935,
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      },
      {
        "date": "2026-06-19",
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        "direction": -36.656482,
        "energy": 22.818973,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -3.076061,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 4.764087,
        "energy": 16.15212,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 196400,
        "typical_volume": 907400.0,
        "trend": 11.654111,
        "fair_value": 10.274296,
        "relative_strength": -2.241262,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 31.973067,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 11.67,
        "volume": 1137600,
        "typical_volume": 918975.0,
        "trend": 11.649157,
        "fair_value": 10.281835,
        "relative_strength": -4.868808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.892073,
        "energy": 37.33121,
        "activity_lines": [
          11.644,
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      },
      {
        "date": "2026-07-17",
        "close": 12.49,
        "volume": 1190700,
        "typical_volume": 882805.0,
        "trend": 11.662731,
        "fair_value": 10.2967,
        "relative_strength": 1.758161,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 46.984076,
        "energy": 66.698564,
        "activity_lines": [
          11.98,
          11.570359,
          11.214088,
          11.365711
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.13,
        "volume": 1391300,
        "typical_volume": 890000.0,
        "trend": 11.701878,
        "fair_value": 10.313151,
        "relative_strength": 6.363002,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.097949,
        "energy": 76.062677,
        "activity_lines": [
          12.422,
          11.913636,
          11.406955,
          11.460373
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.47,
        "volume": 2625000,
        "typical_volume": 967860.0,
        "trend": 11.742574,
        "fair_value": 10.328203,
        "relative_strength": 9.177841,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.256471,
        "energy": 81.320159,
        "activity_lines": [
          12.843333,
          12.267636,
          11.626098,
          11.574446
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.02,
        "volume": 5039500,
        "typical_volume": 1161650.0,
        "trend": 11.883341,
        "fair_value": 10.365173,
        "relative_strength": 32.640623,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 99.263073,
        "energy": 99.177267,
        "activity_lines": [
          14.334667,
          13.212909,
          12.172807,
          11.914925
        ]
      }
    ],
    "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."
    }
  }
}