{ "ticker": { "uuid": "6d67e2be-1af3-43ca-97e8-a8de400c18b8", "symbol": "TRI", "name": "Thomson Reuters Corporation Common Shares", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 29.141, "architecture_energy": 38.286, "architecture_maturity": 15.886, "architecture_confidence": 63.375, "architecture_tenure": "New", "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": 45.75, "rotation_up": 61.1, "upward_expansion": 44.71, "deceleration": 26.41, "rotation_down": 14.99, "downward_expansion": 19.71 }, "activity_lines": [ 96.944667, 92.729091, 89.927149, 90.265504 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 101.83, "trend_reference": 92.692425, "distance_from_trend": 0.09858, "trend_direction": "Weakening", "fair_value": 143.466517, "distance_from_fair_value": -0.290218, "fair_value_direction": "Improving", "relative_strength": -24.340744, "relative_strength_direction": "Improving", "price_momentum": 0.173487, "excess_performance": -0.013967, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09858, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.130623, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.290218, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.079731, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.243407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.225344, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.173487, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.59788, "read": "Demand-led" } ], "volume": { "latest": 15612894, "relative_activity": 1.541063, "balance": 1.59788, "dry_up": 1.288152, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.103992, "annualized_volatility": 0.521332, "from_high_reference": -0.423321, "from_low_reference": 0.33495 }, "levels": { "trend_reference": 92.692425, "fair_value_reference": 143.466517, "structural_low": 76.28, "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": 11, "median_return": 0.005799, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": -0.006768, "regime_survival": 0.363636, "best_return": 0.070993, "worst_return": -0.10939, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.084808, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.027347, "regime_survival": 0.428571, "best_return": 0.144406, "worst_return": -0.069667, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.078491, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.084232, "regime_survival": 0.0, "best_return": 0.257617, "worst_return": -0.062694, 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"2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.096216, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-25", "end": "2025-08-08", "tenure": "Established", "return": -0.00625, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": -0.104014, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-07-10", "tenure": "Extended", "return": -0.396471, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.058524, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 120.838414, "volume": 1479724, "typical_volume": 1963841.45, "trend": 120.540475, "fair_value": 99.009001, "relative_strength": -8.189631, 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] }, { "date": "2026-07-24", "close": 90.15, "volume": 8347219, "typical_volume": 9884206.15, "trend": 94.421541, "fair_value": 143.791857, "relative_strength": -31.895218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.648247, "energy": 16.413019, "activity_lines": [ 91.119333, 88.140545, 87.719683, 89.491568 ] }, { "date": "2026-07-31", "close": 98.13, "volume": 14611913, "typical_volume": 9923240.45, "trend": 93.542447, "fair_value": 143.619615, "relative_strength": -24.672289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.005316, "energy": 23.967746, "activity_lines": [ 93.890667, 90.21, 88.65308, 89.730824 ] }, { "date": "2026-08-07", "close": 101.83, "volume": 15612894, "typical_volume": 10131250.5, "trend": 92.692425, "fair_value": 143.466517, "relative_strength": -24.340744, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.141234, "energy": 38.286375, "activity_lines": [ 96.944667, 92.729091, 89.927149, 90.265504 ] } ], "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." } } }