{
  "ticker": {
    "uuid": "1ff30c3f-edc8-4b9a-a6d4-63f173d8f96a",
    "symbol": "HLF",
    "name": "High Liner Foods Incorporated",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 78.686,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -20.723,
    "architecture_energy": 11.005,
    "architecture_maturity": 32.116,
    "architecture_confidence": 55.776,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 56.22,
        "rotation_up": 22.47,
        "upward_expansion": 23.56,
        "deceleration": 54.98,
        "rotation_down": 31.42,
        "downward_expansion": 50.56
      },
      "activity_lines": [
        14.629333,
        14.677091,
        14.542881,
        14.619656
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 14.57,
    "trend_reference": 14.815798,
    "distance_from_trend": -0.01659,
    "trend_direction": "Improving",
    "fair_value": 13.696996,
    "distance_from_fair_value": 0.063737,
    "fair_value_direction": "Improving",
    "relative_strength": -13.538091,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.076794,
    "excess_performance": -0.197215,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.01659,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019496,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.063737,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029175,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.135381,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.07793,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.076794,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.676151,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 128100,
      "relative_activity": 1.057672,
      "balance": 2.676151,
      "dry_up": 0.710482,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.032152,
      "annualized_volatility": 0.148001,
      "from_high_reference": -0.152406,
      "from_low_reference": 0.136151
    },
    "levels": {
      "trend_reference": 14.815798,
      "fair_value_reference": 13.696996,
      "structural_low": 13.428104,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.011539,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": 0.005406,
        "regime_survival": 0.470588,
        "best_return": 0.089734,
        "worst_return": -0.209053,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.063869,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.091118,
        "regime_survival": 0.2,
        "best_return": 0.24915,
        "worst_return": -0.168872,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.0663,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.032925,
        "regime_survival": 0.142857,
        "best_return": 0.334402,
        "worst_return": -0.270886,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.049999,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.024243,
        "regime_survival": 0.25,
        "best_return": 0.379565,
        "worst_return": -0.072903,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": -0.011058,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-04",
        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.07577,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-18",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.011825,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2025-07-18",
        "tenure": "Extended",
        "return": 0.280202,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.05787,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-29",
        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.03651,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.005304,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-10-31",
        "tenure": "New",
        "return": 0.010125,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.093837,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.029032,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-13",
        "end": "2026-04-10",
        "tenure": "Developing",
        "return": -0.13454,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-17",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.061178,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.004135,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 54545.0,
        "trend": 12.539095,
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      },
      {
        "date": "2023-08-25",
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.346214,
        "energy": 67.553726,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 13.665245,
        "volume": 166300,
        "typical_volume": 154230.0,
        "trend": 14.903444,
        "fair_value": 13.496267,
        "relative_strength": -23.970366,
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        "regime": "downward_expansion",
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        "energy": 73.566339,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 153360.0,
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        "fair_value": 13.504803,
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        "energy": 65.919588,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 13.98,
        "volume": 145500,
        "typical_volume": 152475.0,
        "trend": 14.744135,
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        "relative_strength": -21.331129,
        "stage": 4,
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        "energy": 50.669575,
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      },
      {
        "date": "2026-05-15",
        "close": 14.03,
        "volume": 286800,
        "typical_volume": 163350.0,
        "trend": 14.662248,
        "fair_value": 13.5206,
        "relative_strength": -19.743143,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -57.253601,
        "energy": 40.961195,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 14.38,
        "volume": 244800,
        "typical_volume": 167465.0,
        "trend": 14.594958,
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        "relative_strength": -18.478701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -15.251847,
        "energy": 17.826575,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 14.69,
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        "typical_volume": 170710.0,
        "trend": 14.532467,
        "fair_value": 13.542522,
        "relative_strength": -16.677444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
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        "energy": 8.282273,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 14.51,
        "volume": 24600,
        "typical_volume": 166175.0,
        "trend": 14.550575,
        "fair_value": 13.554376,
        "relative_strength": -15.983505,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.560782,
        "energy": 10.651367,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 14.63,
        "volume": 38900,
        "typical_volume": 158110.0,
        "trend": 14.593846,
        "fair_value": 13.568642,
        "relative_strength": -15.747168,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 13.688419,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 152820.0,
        "trend": 14.654496,
        "fair_value": 13.586423,
        "relative_strength": -14.09952,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.980801,
        "energy": 20.149266,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 14.79,
        "volume": 9000,
        "typical_volume": 146180.0,
        "trend": 14.70603,
        "fair_value": 13.602506,
        "relative_strength": -13.354603,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.104426,
        "energy": 20.42912,
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          14.714,
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      },
      {
        "date": "2026-07-03",
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        "volume": 11600,
        "typical_volume": 137670.0,
        "trend": 14.754813,
        "fair_value": 13.620116,
        "relative_strength": -12.294248,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.119065,
        "energy": 32.964673,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 14.54,
        "volume": 91100,
        "typical_volume": 137480.0,
        "trend": 14.773442,
        "fair_value": 13.634144,
        "relative_strength": -13.974189,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.010905,
        "energy": 21.349821,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 14.82,
        "volume": 60400,
        "typical_volume": 127795.0,
        "trend": 14.801075,
        "fair_value": 13.646684,
        "relative_strength": -11.413571,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.400019,
        "energy": 20.911628,
        "activity_lines": [
          14.763333,
          14.707273,
          14.508978,
          14.660735
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.51,
        "volume": 97100,
        "typical_volume": 126860.0,
        "trend": 14.814086,
        "fair_value": 13.659162,
        "relative_strength": -12.827934,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.016137,
        "energy": 11.76271,
        "activity_lines": [
          14.674667,
          14.688727,
          14.504454,
          14.641956
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.72,
        "volume": 58600,
        "typical_volume": 124235.0,
        "trend": 14.821565,
        "fair_value": 13.67457,
        "relative_strength": -10.493493,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.957366,
        "energy": 10.760077,
        "activity_lines": [
          14.674667,
          14.699636,
          14.528739,
          14.635886
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.57,
        "volume": 128100,
        "typical_volume": 121115.0,
        "trend": 14.815798,
        "fair_value": 13.696996,
        "relative_strength": -13.538091,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.723275,
        "energy": 11.004694,
        "activity_lines": [
          14.629333,
          14.677091,
          14.542881,
          14.619656
        ]
      }
    ],
    "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."
    }
  }
}