{ "ticker": { "uuid": "66e324ea-b418-48f2-a70a-74c28a75e546", "symbol": "TXG", "name": "Torex Gold Resources Inc.", "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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 48.506, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -29.427, "architecture_energy": 21.884, "architecture_maturity": 24.048, "architecture_confidence": 77.752, "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": 37.72, "rotation_up": 22.7, "upward_expansion": 11.05, "deceleration": 55.97, "rotation_down": 43.34, "downward_expansion": 70.05 }, "activity_lines": [ 56.883333, 56.876909, 58.225639, 59.894906 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 62.75, "trend_reference": 62.584042, "distance_from_trend": 0.002652, "trend_direction": "Weakening", "fair_value": 37.354565, "distance_from_fair_value": 0.679848, "fair_value_direction": "Weakening", "relative_strength": -8.124789, "relative_strength_direction": "Weakening", "price_momentum": 0.002396, "excess_performance": -0.118025, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002652, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.035618, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.679848, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.326707, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.081248, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.156166, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.002396, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.786661, "read": "Supply-led" } ], "volume": { "latest": 3245600, "relative_activity": 1.574804, "balance": 0.786661, "dry_up": 1.293466, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.096632, "annualized_volatility": 0.774214, "from_high_reference": -0.258345, "from_low_reference": 0.57936 }, "levels": { "trend_reference": 62.584042, "fair_value_reference": 37.354565, "structural_low": 52.0, "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": 19, "median_return": 0.007936, "positive_rate": 0.631579, "directional_follow_through": 0.368421, "median_excess_return": -0.013255, "regime_survival": 0.789474, "best_return": 0.20493, "worst_return": -0.112846, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.068043, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": 0.014523, "regime_survival": 0.571429, "best_return": 0.756098, "worst_return": -0.114159, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.082428, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.116023, "regime_survival": 0.5, "best_return": 0.896817, "worst_return": -0.237657, "sufficient": false }, { "horizon": "Full 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63.088019, "fair_value": 36.811079, "relative_strength": -17.449648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.084492, "energy": 39.731627, "activity_lines": [ 55.227333, 56.435454, 58.452773, 60.484236 ] }, { "date": "2026-07-31", "close": 53.950001, "volume": 2754300, "typical_volume": 2135515.0, "trend": 62.746599, "fair_value": 37.050543, "relative_strength": -18.20767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.583229, "energy": 54.322628, "activity_lines": [ 54.488666, 55.814363, 57.889682, 59.894686 ] }, { "date": "2026-08-07", "close": 62.75, "volume": 3245600, "typical_volume": 2060955.0, "trend": 62.584042, "fair_value": 37.354565, "relative_strength": -8.124789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.427102, "energy": 21.88407, "activity_lines": [ 56.883333, 56.876909, 58.225639, 59.894906 ] } ], "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." } } }