{
  "ticker": {
    "uuid": "1b784575-0970-4001-b3fe-566c9d387622",
    "symbol": "ONCY",
    "name": "Oncolytics Biotech Inc",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -56.888,
    "architecture_energy": 51.779,
    "architecture_maturity": 13.603,
    "architecture_confidence": 95.256,
    "architecture_tenure": "New",
    "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": 23.09,
        "rotation_up": 13.18,
        "upward_expansion": 10.65,
        "deceleration": 39.09,
        "rotation_down": 65.84,
        "downward_expansion": 88.65
      },
      "activity_lines": [
        0.803747,
        0.840147,
        0.870815,
        0.898111
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 0.8025,
    "trend_reference": 0.938637,
    "distance_from_trend": -0.145037,
    "trend_direction": "Weakening",
    "fair_value": 1.063087,
    "distance_from_fair_value": -0.245123,
    "fair_value_direction": "Improving",
    "relative_strength": -30.908766,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.094142,
    "excess_performance": -0.281595,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.145037,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047385,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.245123,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002757,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.309088,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.067437,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.094142,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.245699,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2884000,
      "relative_activity": 0.467262,
      "balance": 0.245699,
      "dry_up": 1.139501,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.18704,
      "annualized_volatility": 0.832691,
      "from_high_reference": -0.468543,
      "from_low_reference": 0.099164
    },
    "levels": {
      "trend_reference": 0.938637,
      "fair_value_reference": 1.063087,
      "structural_low": 0.7301,
      "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": 34,
        "median_return": -0.0447,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.588235,
        "median_excess_return": -0.056373,
        "regime_survival": 0.794118,
        "best_return": 1.555278,
        "worst_return": -0.306626,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": -0.016953,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.003153,
        "regime_survival": 0.642857,
        "best_return": 0.924789,
        "worst_return": -0.405482,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
        "median_return": -0.155149,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.158936,
        "regime_survival": 0.444444,
        "best_return": 0.471545,
        "worst_return": -0.343373,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.104919,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.154061,
        "regime_survival": 0.25,
        "best_return": 0.845528,
        "worst_return": -0.44843,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.032787,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-08",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.084112,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.147259,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-07-04",
        "tenure": "Extended",
        "return": 0.10698,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": -0.110169,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.020202,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.019231,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.070313,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.009804,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-01-02",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-09",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "return": -0.045545,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Established",
        "return": -0.333363,
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      },
      {
        "regime": "downward_expansion",
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        "active": true
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      {
        "date": "2026-04-24",
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      },
      {
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      {
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-07-17",
        "close": 0.8533,
        "volume": 13022661,
        "typical_volume": 6090182.05,
        "trend": 0.956483,
        "fair_value": 1.093485,
        "relative_strength": -25.18689,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.700602,
        "energy": 20.584211,
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          0.89124,
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          0.906411,
          0.929366
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      },
      {
        "date": "2026-07-24",
        "close": 0.8122,
        "volume": 7670874,
        "typical_volume": 6204923.2,
        "trend": 0.951823,
        "fair_value": 1.080678,
        "relative_strength": -27.059008,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.566089,
        "energy": 32.74676,
        "activity_lines": [
          0.858807,
          0.878013,
          0.89557,
          0.920058
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.7533,
        "volume": 4555059,
        "typical_volume": 6164293.3,
        "trend": 0.944143,
        "fair_value": 1.070956,
        "relative_strength": -32.157929,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.976894,
        "energy": 51.126449,
        "activity_lines": [
          0.816593,
          0.854096,
          0.8803,
          0.90725
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.8025,
        "volume": 2884000,
        "typical_volume": 6172131.85,
        "trend": 0.938637,
        "fair_value": 1.063087,
        "relative_strength": -30.908766,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.887544,
        "energy": 51.778514,
        "activity_lines": [
          0.803747,
          0.840147,
          0.870815,
          0.898111
        ]
      }
    ],
    "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."
    }
  }
}