{ "ticker": { "uuid": "2c885cc5-49a0-4bbf-afbd-e1e51ccf14c7", "symbol": "BTE", "name": "Baytex Energy Corp.", "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": 74.611, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 17.915, "architecture_energy": 13.937, "architecture_maturity": 31.313, "architecture_confidence": 77.203, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 56.73, "rotation_up": 36.27, "upward_expansion": 53.41, "deceleration": 69.73, "rotation_down": 19.38, "downward_expansion": 21.75 }, "activity_lines": [ 6.032667, 5.950734, 6.140642, 6.049537 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 5.83, "trend_reference": 5.796158, "distance_from_trend": 0.005839, "trend_direction": "Improving", "fair_value": 4.282818, "distance_from_fair_value": 0.361253, "fair_value_direction": "Weakening", "relative_strength": 7.093074, "relative_strength_direction": "Weakening", "price_momentum": 0.209613, "excess_performance": 0.089192, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005839, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.107269, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.361253, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.235217, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070931, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.428561, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.209613, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.852011, "read": "Demand-led" } ], "volume": { "latest": 16291200, "relative_activity": 0.701348, "balance": 1.852011, "dry_up": 0.867765, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.085354, "annualized_volatility": 0.382429, "from_high_reference": -0.206133, "from_low_reference": 1.211999 }, "levels": { "trend_reference": 5.796158, "fair_value_reference": 4.282818, "structural_low": 4.540896, "invalidation": "A 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"deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.084695, "energy": 22.738409, "activity_lines": [ 5.740667, 5.983143, 6.148713, 5.970268 ] }, { "date": "2026-07-24", "close": 6.09, "volume": 21974800, "typical_volume": 24937925.0, "trend": 5.692547, "fair_value": 4.270707, "relative_strength": 17.114791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.655929, "energy": 15.782779, "activity_lines": [ 5.866, 5.953708, 6.148443, 5.999692 ] }, { "date": "2026-07-31", "close": 6.39, "volume": 22527300, "typical_volume": 24186725.0, "trend": 5.754847, "fair_value": 4.279038, "relative_strength": 22.170735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.41178, "energy": 17.741033, "activity_lines": [ 6.066, 5.996724, 6.173257, 6.044689 ] }, { "date": "2026-08-07", "close": 5.83, "volume": 16291200, "typical_volume": 23228420.0, "trend": 5.796158, "fair_value": 4.282818, "relative_strength": 7.093074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.914868, "energy": 13.936882, "activity_lines": [ 6.032667, 5.950734, 6.140642, 6.049537 ] } ], "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." } } }