{ "ticker": { "uuid": "35daa4e4-54ed-41e4-9ad3-72733a08c2df", "symbol": "TU", "name": "Telus Corp", "exchange": "NYSE", "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": "SPY", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -75.596, "architecture_energy": 68.807, "architecture_maturity": 34.438, "architecture_confidence": 75.34, "architecture_tenure": "Developing", "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": 1.9, "rotation_up": 11.36, "upward_expansion": 12.0, "deceleration": 50.38, "rotation_down": 80.66, "downward_expansion": 90.0 }, "activity_lines": [ 9.914667, 10.291834, 10.973661, 11.407637 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 9.72, "trend_reference": 11.966811, "distance_from_trend": -0.187753, "trend_direction": "Weakening", "fair_value": 13.425315, "distance_from_fair_value": -0.275995, "fair_value_direction": "Weakening", "relative_strength": -32.224194, "relative_strength_direction": "Weakening", "price_momentum": -0.278004, "excess_performance": -0.403629, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.187753, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050735, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.275995, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.179685, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.322242, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.129764, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.278004, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.422693, "read": "Supply-led" } ], "volume": { "latest": 61007395, "relative_activity": 1.923304, "balance": 0.422693, "dry_up": 1.52149, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.068042, "annualized_volatility": 0.236066, "from_high_reference": -0.363516, "from_low_reference": 0.056522 }, "levels": { "trend_reference": 11.966811, "fair_value_reference": 13.425315, "structural_low": 9.2, "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": 28, "median_return": -0.000446, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004806, "regime_survival": 0.75, "best_return": 0.12314, "worst_return": -0.122896, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.031877, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.013756, "regime_survival": 0.444444, "best_return": 0.119295, "worst_return": -0.103479, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.01164, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.099927, "regime_survival": 0.5, "best_return": 0.217379, "worst_return": -0.093109, "sufficient": true }, { "horizon": "Full 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-08", "tenure": "Established", "return": 0.036974, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.006716, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": -0.062806, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": -0.017613, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": -0.007503, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": 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10.4, "volume": 30505960, "typical_volume": 28558861.2, "trend": 12.233833, "fair_value": 13.505388, "relative_strength": -26.9181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.87802, "energy": 90.805818, "activity_lines": [ 10.532667, 11.029163, 11.518009, 11.85704 ] }, { "date": "2026-07-24", "close": 10.22, "volume": 30174295, "typical_volume": 28385835.85, "trend": 12.164807, "fair_value": 13.479779, "relative_strength": -27.024206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.037251, "energy": 90.644574, "activity_lines": [ 10.362667, 10.817428, 11.359279, 11.727115 ] }, { "date": "2026-07-31", "close": 9.56, "volume": 71359686, "typical_volume": 30015485.0, "trend": 12.067112, "fair_value": 13.453414, "relative_strength": -31.758794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.921676, "energy": 89.904845, "activity_lines": [ 10.060667, 10.516301, 11.151182, 11.559063 ] }, { "date": "2026-08-07", "close": 9.72, "volume": 61007395, "typical_volume": 31720102.15, "trend": 11.966811, "fair_value": 13.425315, "relative_strength": -32.224194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.596496, "energy": 68.8066, "activity_lines": [ 9.914667, 10.291834, 10.973661, 11.407637 ] } ], "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." } } }