{ "ticker": { "uuid": "4b1488e5-339c-4a25-9923-f01b14af12b1", "symbol": "CCO", "name": "Cameco Corporation", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 66.221, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.667, "architecture_energy": 73.598, "architecture_maturity": 15.532, "architecture_confidence": 86.042, "architecture_tenure": "New", "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": 14.43, "rotation_up": 10.56, "upward_expansion": 16.77, "deceleration": 37.52, "rotation_down": 74.3, "downward_expansion": 92.44 }, "activity_lines": [ 127.377335, 132.052728, 140.183668, 144.390216 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 135.860001, "trend_reference": 149.980001, "distance_from_trend": -0.094146, "trend_direction": "Improving", "fair_value": 90.786347, "distance_from_fair_value": 0.496481, "fair_value_direction": "Weakening", "relative_strength": -11.962683, "relative_strength_direction": "Weakening", "price_momentum": -0.124501, "excess_performance": -0.244922, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.094146, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.019992, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.496481, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.439612, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119627, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.258049, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.124501, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.619898, "read": "Supply-led" } ], "volume": { "latest": 4472000, "relative_activity": 1.222182, "balance": 0.619898, "dry_up": 1.557728, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.088071, "annualized_volatility": 0.405543, "from_high_reference": -0.256458, "from_low_reference": 0.423887 }, "levels": { "trend_reference": 149.980001, "fair_value_reference": 90.786347, 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123.870003, "volume": 6351600, "typical_volume": 3769140.0, "trend": 150.918668, "fair_value": 89.724017, "relative_strength": -17.56967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.517907, "energy": 79.401049, "activity_lines": [ 128.942001, 135.94491, 143.753335, 147.262345 ] }, { "date": "2026-07-31", "close": 120.980003, "volume": 5926400, "typical_volume": 3758380.0, "trend": 150.439334, "fair_value": 90.213703, "relative_strength": -19.062487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.809136, "energy": 82.87034, "activity_lines": [ 124.780002, 132.431092, 141.195144, 145.330818 ] }, { "date": "2026-08-07", "close": 135.860001, "volume": 4472000, "typical_volume": 3659030.0, "trend": 149.980001, "fair_value": 90.786347, "relative_strength": -11.962683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.666982, "energy": 73.598152, "activity_lines": [ 127.377335, 132.052728, 140.183668, 144.390216 ] } ], "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." } } }