{
  "ticker": {
    "uuid": "621736cf-2373-4f84-9d07-e243de00530f",
    "symbol": "SCR",
    "name": "Strathcona Resources Ltd.",
    "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": 77.784,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 14.044,
    "architecture_energy": 9.977,
    "architecture_maturity": 25.993,
    "architecture_confidence": 64.969,
    "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": 51.61,
        "rotation_up": 32.03,
        "upward_expansion": 55.29,
        "deceleration": 64.63,
        "rotation_down": 26.56,
        "downward_expansion": 23.62
      },
      "activity_lines": [
        40.464666,
        40.248909,
        41.377894,
        40.444028
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 38.66,
    "trend_reference": 37.877304,
    "distance_from_trend": 0.020664,
    "trend_direction": "Improving",
    "fair_value": 24.922124,
    "distance_from_fair_value": 0.551232,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.428764,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.402207,
    "excess_performance": 0.281786,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.020664,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.110982,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.551232,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.224615,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.024288,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.265463,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.402207,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.673135,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1983800,
      "relative_activity": 1.027468,
      "balance": 1.673135,
      "dry_up": 1.229202,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.098159,
      "annualized_volatility": 0.56963,
      "from_high_reference": -0.247489,
      "from_low_reference": 0.584949
    },
    "levels": {
      "trend_reference": 37.877304,
      "fair_value_reference": 24.922124,
      "structural_low": 27.233375,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.093373,
        "positive_rate": 0.642857,
        "directional_follow_through": 0.642857,
        "median_excess_return": 0.041871,
        "regime_survival": 0.5,
        "best_return": 0.378788,
        "worst_return": -0.125262,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.020917,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.071095,
        "regime_survival": 0.142857,
        "best_return": 0.989848,
        "worst_return": -0.220648,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.330209,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.21546,
        "regime_survival": 0.2,
        "best_return": 1.350254,
        "worst_return": -0.101433,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.689011,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.61007,
        "regime_survival": 0.0,
        "best_return": 1.182741,
        "worst_return": 0.195281,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-27",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.072702,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.06013,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.146138,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.158056,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.012174,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.039783,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-10-10",
        "tenure": "Established",
        "return": 0.193462,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.078251,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-14",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.038339,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-02",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.099099,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.017639,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.131012,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-13",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": -0.017692,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.035628,
        "active": true
      }
    ],
    "chart_path": [
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        "typical_volume": 133798.55,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2013870.0,
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        "stage": 2,
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      },
      {
        "date": "2026-07-24",
        "close": 41.959999,
        "volume": 2219600,
        "typical_volume": 2018515.0,
        "trend": 37.002741,
        "fair_value": 24.732045,
        "relative_strength": 15.403605,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 15.309989,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 42.52,
        "volume": 2762000,
        "typical_volume": 2039380.0,
        "trend": 37.465319,
        "fair_value": 24.838475,
        "relative_strength": 16.722809,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.699693,
        "energy": 14.658819,
        "activity_lines": [
          40.912666,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.66,
        "volume": 1983800,
        "typical_volume": 1930765.0,
        "trend": 37.877304,
        "fair_value": 24.922124,
        "relative_strength": 2.428764,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.043697,
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        "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."
    }
  }
}