{ "ticker": { "uuid": "58fcdc7a-8fb3-49c2-8f7a-4456684c91b0", "symbol": "BEI-UN", "name": "Boardwalk Real Estate Investment Trust", "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": 68.888, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 2.301, "architecture_energy": 2.819, "architecture_maturity": 41.048, "architecture_confidence": 58.039, "architecture_tenure": "Established", "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": 72.04, "rotation_up": 31.37, "upward_expansion": 33.51, "deceleration": 58.35, "rotation_down": 30.11, "downward_expansion": 19.85 }, "activity_lines": [ 65.510424, 65.614759, 65.358279, 65.211465 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 64.959999, "trend_reference": 65.390406, "distance_from_trend": -0.006582, "trend_direction": "Improving", "fair_value": 65.976178, "distance_from_fair_value": -0.015402, "fair_value_direction": "Weakening", "relative_strength": -11.354762, "relative_strength_direction": "Improving", "price_momentum": -0.046841, "excess_performance": -0.167262, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006582, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.015776, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.015402, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.003936, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113548, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01419, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.046841, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.453838, "read": "Supply-led" } ], "volume": { "latest": 439401, "relative_activity": 0.846133, "balance": 0.453838, "dry_up": 1.164952, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.033416, "annualized_volatility": 0.155208, "from_high_reference": -0.068656, "from_low_reference": 0.107801 }, "levels": { "trend_reference": 65.390406, "fair_value_reference": 65.976178, "structural_low": 61.54891, "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": 15, "median_return": 0.008124, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.002392, "regime_survival": 0.6, "best_return": 0.091309, "worst_return": -0.071301, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.037559, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.017973, "regime_survival": 0.166667, "best_return": 0.176342, "worst_return": -0.066681, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.048784, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.012992, "regime_survival": 0.2, "best_return": 0.24868, "worst_return": -0.047853, 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65.320908, 65.129487, 65.174835 ] }, { "date": "2026-07-17", "close": 65.412872, "volume": 710243, "typical_volume": 540154.2, "trend": 65.310171, "fair_value": 65.87255, "relative_strength": -9.597193, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.547452, "energy": 24.259413, "activity_lines": [ 65.874124, 65.420047, 65.187532, 65.190009 ] }, { "date": "2026-07-24", "close": 65.343025, "volume": 436488, "typical_volume": 535759.9, "trend": 65.424255, "fair_value": 65.899741, "relative_strength": -9.423885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.842252, "energy": 23.943341, "activity_lines": [ 65.749358, 65.491879, 65.236697, 65.192129 ] }, { "date": "2026-07-31", "close": 66.25, "volume": 833729, "typical_volume": 540129.8, "trend": 65.48603, "fair_value": 65.949967, "relative_strength": -7.225997, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.285456, "energy": 14.912419, "activity_lines": [ 65.860867, 65.687226, 65.365381, 65.245403 ] }, { "date": "2026-08-07", "close": 64.959999, "volume": 439401, "typical_volume": 519304.65, "trend": 65.390406, "fair_value": 65.976178, "relative_strength": -11.354762, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.3008, "energy": 2.819258, "activity_lines": [ 65.510424, 65.614759, 65.358279, 65.211465 ] } ], "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." } } }