{
  "ticker": {
    "uuid": "1dab1e62-81ba-4944-9d43-7285974f63ad",
    "symbol": "EQB",
    "name": "EQB 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 64.996,
    "architecture_energy": 61.846,
    "architecture_maturity": 33.673,
    "architecture_confidence": 78.55,
    "architecture_tenure": "Developing",
    "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": 9.44,
        "rotation_up": 69.04,
        "upward_expansion": 84.0,
        "deceleration": 62.46,
        "rotation_down": 14.27,
        "downward_expansion": 10.67
      },
      "activity_lines": [
        140.466665,
        137.426521,
        130.302508,
        125.809614
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 140.009995,
    "trend_reference": 120.154043,
    "distance_from_trend": 0.165254,
    "trend_direction": "Improving",
    "fair_value": 95.292991,
    "distance_from_fair_value": 0.469258,
    "fair_value_direction": "Improving",
    "relative_strength": 15.459134,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.237647,
    "excess_performance": 0.117226,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.165254,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.121233,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.469258,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.133695,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.154591,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086762,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.237647,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.851293,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 465700,
      "relative_activity": 1.183076,
      "balance": 0.851293,
      "dry_up": 1.277579,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.053518,
      "annualized_volatility": 0.272823,
      "from_high_reference": -0.068587,
      "from_low_reference": 0.695636
    },
    "levels": {
      "trend_reference": 120.154043,
      "fair_value_reference": 95.292991,
      "structural_low": 104.936352,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 28,
        "median_return": 0.008831,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.013753,
        "regime_survival": 0.714286,
        "best_return": 0.149356,
        "worst_return": -0.136238,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.013437,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.005851,
        "regime_survival": 0.454545,
        "best_return": 0.175682,
        "worst_return": -0.099665,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.128536,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.036172,
        "regime_survival": 0.428571,
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        "worst_return": -0.040137,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.110767,
        "regime_survival": 0.5,
        "best_return": 0.538327,
        "worst_return": -0.217905,
        "sufficient": false
      }
    ],
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        "tenure": "New",
        "return": -0.060724,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.060173,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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      },
      {
        "regime": "rotation_up",
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      {
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        "active": false
      },
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        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 454840.0,
        "trend": 116.449512,
        "fair_value": 94.062307,
        "relative_strength": 21.909937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 85.1588,
        "energy": 93.565873,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 138.460007,
        "volume": 448300,
        "typical_volume": 438500.0,
        "trend": 117.640654,
        "fair_value": 94.48341,
        "relative_strength": 17.84241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.624963,
        "energy": 86.659301,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 142.089996,
        "volume": 336500,
        "typical_volume": 412630.0,
        "trend": 118.934654,
        "fair_value": 94.891678,
        "relative_strength": 21.204236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.632444,
        "energy": 81.552064,
        "activity_lines": [
          140.480666,
          135.776105,
          128.7211,
          124.449915
        ]
      },
      {
        "date": "2026-08-07",
        "close": 140.009995,
        "volume": 465700,
        "typical_volume": 393635.0,
        "trend": 120.154043,
        "fair_value": 95.292991,
        "relative_strength": 15.459134,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.995535,
        "energy": 61.8457,
        "activity_lines": [
          140.466665,
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        ]
      }
    ],
    "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."
    }
  }
}