{
  "ticker": {
    "uuid": "1c7e6636-c576-43ae-b6c0-515c30075e02",
    "symbol": "APR-UN",
    "name": "Automotive Properties Real Estate Investment Trust",
    "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": 89.175,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.702,
    "architecture_energy": 44.847,
    "architecture_maturity": 50.274,
    "architecture_confidence": 78.437,
    "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": 16.84,
        "rotation_up": 53.47,
        "upward_expansion": 81.96,
        "deceleration": 60.85,
        "rotation_down": 24.93,
        "downward_expansion": 6.29
      },
      "activity_lines": [
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        11.822957
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 12.17,
    "trend_reference": 11.599962,
    "distance_from_trend": 0.049141,
    "trend_direction": "Improving",
    "fair_value": 10.151427,
    "distance_from_fair_value": 0.198846,
    "fair_value_direction": "Improving",
    "relative_strength": -3.537229,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.089277,
    "excess_performance": -0.031144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.049141,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.045788,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.198846,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.037545,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.035372,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019152,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.089277,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.396022,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 130700,
      "relative_activity": 0.859105,
      "balance": 2.396022,
      "dry_up": 1.377395,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.02421,
      "annualized_volatility": 0.111606,
      "from_high_reference": -0.014577,
      "from_low_reference": 0.188809
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    "levels": {
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      "fair_value_reference": 10.151427,
      "structural_low": 10.811197,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
        "median_return": 0.008826,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.001103,
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        "worst_return": -0.085201,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 188430.0,
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "trend": 11.361389,
        "fair_value": 10.076044,
        "relative_strength": -1.7113,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 10.090974,
        "relative_strength": -3.093578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.472951,
        "energy": 50.370419,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 12.121672,
        "volume": 276100,
        "typical_volume": 154130.0,
        "trend": 11.459716,
        "fair_value": 10.105782,
        "relative_strength": -1.594541,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.236313,
        "energy": 48.62605,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 12.121672,
        "volume": 190000,
        "typical_volume": 152380.0,
        "trend": 11.50911,
        "fair_value": 10.121193,
        "relative_strength": -1.64438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.303694,
        "energy": 45.491187,
        "activity_lines": [
          12.098573,
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      },
      {
        "date": "2026-07-31",
        "close": 12.25,
        "volume": 241400,
        "typical_volume": 156090.0,
        "trend": 11.560237,
        "fair_value": 10.13576,
        "relative_strength": 0.02444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.16895,
        "energy": 47.036925,
        "activity_lines": [
          12.149201,
          12.109548,
          11.95047,
          11.783617
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.17,
        "volume": 130700,
        "typical_volume": 152135.0,
        "trend": 11.599962,
        "fair_value": 10.151427,
        "relative_strength": -3.537229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.702156,
        "energy": 44.846771,
        "activity_lines": [
          12.162721,
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          11.989653,
          11.822957
        ]
      }
    ],
    "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."
    }
  }
}