{
  "ticker": {
    "uuid": "41005d65-bf6e-4cda-93fd-5c24d8cde2e3",
    "symbol": "H",
    "name": "Hydro One Limited",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 20.621,
    "architecture_energy": 15.159,
    "architecture_maturity": 17.234,
    "architecture_confidence": 49.786,
    "architecture_tenure": "New",
    "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": 52.76,
        "rotation_up": 41.97,
        "upward_expansion": 64.26,
        "deceleration": 58.08,
        "rotation_down": 20.76,
        "downward_expansion": 14.26
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 56.540001,
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    "distance_from_trend": -0.013074,
    "trend_direction": "Improving",
    "fair_value": 45.701049,
    "distance_from_fair_value": 0.237171,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.086531,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.043688,
    "excess_performance": -0.076733,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.013074,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029247,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.237171,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.096826,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.080865,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.071852,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.043688,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.973255,
        "read": "Supply-led"
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    ],
    "volume": {
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      "relative_activity": 0.94674,
      "balance": 0.973255,
      "dry_up": 0.996857,
      "accumulation_observations": 4,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.032591,
      "annualized_volatility": 0.17698,
      "from_high_reference": -0.066535,
      "from_low_reference": 0.186714
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    "levels": {
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      "fair_value_reference": 45.701049,
      "structural_low": 53.735767,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "sample_count": 38,
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        "sufficient": true
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 60.189999,
        "volume": 4668900,
        "typical_volume": 5206305.0,
        "trend": 57.050304,
        "fair_value": 45.398171,
        "relative_strength": 0.204957,
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      },
      {
        "date": "2026-07-31",
        "close": 58.400002,
        "volume": 4469600,
        "typical_volume": 4792225.0,
        "trend": 57.19252,
        "fair_value": 45.55759,
        "relative_strength": -2.218856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.027294,
        "energy": 52.236463,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 56.540001,
        "volume": 4355700,
        "typical_volume": 4600735.0,
        "trend": 57.288978,
        "fair_value": 45.701049,
        "relative_strength": -8.086531,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.620827,
        "energy": 15.159415,
        "activity_lines": [
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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."
    }
  }
}