{ "ticker": { "uuid": "71ac7371-51f5-4092-b692-7862be87b921", "symbol": "KMP-UN", "name": "Killam Apartment REIT", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 53.083, "architecture_energy": 45.739, "architecture_maturity": 70.937, "architecture_confidence": 55.69, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 20.99, "rotation_up": 43.98, "upward_expansion": 69.04, "deceleration": 64.21, "rotation_down": 27.1, "downward_expansion": 19.04 }, "activity_lines": [ 18.783181, 18.802019, 18.449296, 17.99227 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 18.870001, "trend_reference": 17.537996, "distance_from_trend": 0.07595, "trend_direction": "Improving", "fair_value": 16.943325, "distance_from_fair_value": 0.113713, "fair_value_direction": "Improving", "relative_strength": -2.718983, "relative_strength_direction": "Improving", "price_momentum": 0.089258, "excess_performance": -0.031163, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07595, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051114, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.113713, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052458, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.02719, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.060506, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.089258, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.186698, "read": "Demand-led" } ], "volume": { "latest": 1503483, "relative_activity": 1.119656, "balance": 2.186698, "dry_up": 1.036016, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.027412, "annualized_volatility": 0.141547, "from_high_reference": -0.014551, "from_low_reference": 0.218561 }, "levels": { "trend_reference": 17.537996, "fair_value_reference": 16.943325, "structural_low": 15.485476, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.00477, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.016586, "regime_survival": 0.681818, "best_return": 0.060395, "worst_return": -0.096226, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.04736, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.078812, "regime_survival": 0.25, "best_return": 0.059781, "worst_return": -0.112039, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.022919, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.107555, "regime_survival": 0.285714, "best_return": 0.112714, "worst_return": -0.24515, "sufficient": true }, { "horizon": 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.766508, "energy": 65.203868, "activity_lines": [ 18.826093, 18.652268, 17.985023, 17.615833 ] }, { "date": "2026-07-17", "close": 18.949266, "volume": 1343238, "typical_volume": 1511914.2, "trend": 17.299026, "fair_value": 16.894708, "relative_strength": -0.482595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.110994, "energy": 61.643024, "activity_lines": [ 18.860093, 18.745208, 18.132077, 17.728397 ] }, { "date": "2026-07-24", "close": 18.799746, "volume": 1344208, "typical_volume": 1492764.65, "trend": 17.394743, "fair_value": 16.911517, "relative_strength": -1.102183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.422642, "energy": 54.829817, "activity_lines": [ 18.83957, 18.788701, 18.254286, 17.825218 ] }, { "date": "2026-07-31", "close": 18.59, "volume": 1373757, "typical_volume": 1448582.25, "trend": 17.47595, "fair_value": 16.927782, "relative_strength": -1.379695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.385101, "energy": 43.394039, "activity_lines": [ 18.759734, 18.776324, 18.344742, 17.902331 ] }, { "date": "2026-08-07", "close": 18.870001, "volume": 1503483, "typical_volume": 1342808.4, "trend": 17.537996, "fair_value": 16.943325, "relative_strength": -2.718983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.082838, "energy": 45.738817, "activity_lines": [ 18.783181, 18.802019, 18.449296, 17.99227 ] } ], "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." } } }