{
  "ticker": {
    "uuid": "71c308b9-fa5c-40c3-959f-6944ad3ab96a",
    "symbol": "LNF",
    "name": "Leon's Furniture Limited",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.811,
    "architecture_energy": 40.248,
    "architecture_maturity": 67.934,
    "architecture_confidence": 89.429,
    "architecture_tenure": "Established",
    "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": 17.45,
        "rotation_up": 24.79,
        "upward_expansion": 4.75,
        "deceleration": 58.08,
        "rotation_down": 51.77,
        "downward_expansion": 80.42
      },
      "activity_lines": [
        23.992001,
        24.066714,
        24.396679,
        24.832813
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 23.620001,
    "trend_reference": 25.512692,
    "distance_from_trend": -0.074186,
    "trend_direction": "Weakening",
    "fair_value": 23.461053,
    "distance_from_fair_value": 0.006775,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.277607,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.140162,
    "excess_performance": -0.260583,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.074186,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.043232,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.006775,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.069106,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.212776,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023151,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.140162,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.187389,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 69900,
      "relative_activity": 0.771651,
      "balance": 1.187389,
      "dry_up": 1.418005,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.040857,
      "annualized_volatility": 0.177723,
      "from_high_reference": -0.198365,
      "from_low_reference": 0.016351
    },
    "levels": {
      "trend_reference": 25.512692,
      "fair_value_reference": 23.461053,
      "structural_low": 23.24,
      "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": -0.015717,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.631579,
        "median_excess_return": -0.016972,
        "regime_survival": 0.842105,
        "best_return": 0.209581,
        "worst_return": -0.183064,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.036507,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.039648,
        "regime_survival": 0.5,
        "best_return": 0.186512,
        "worst_return": -0.225601,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.070601,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.012351,
        "regime_survival": 0.0,
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        "worst_return": -0.246062,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.09378,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.040993,
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        "best_return": 0.702752,
        "worst_return": -0.154799,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-20",
        "end": "2023-12-15",
        "tenure": "Developing",
        "return": 0.032881,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-22",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": 0.009963,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.064163,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-04-19",
        "tenure": "Developing",
        "return": 0.018201,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
        "tenure": "New",
        "return": -0.009272,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-10-25",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.059487,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.002411,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-23",
        "tenure": "Established",
        "return": 0.034648,
        "active": false
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      {
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        "return": -0.007087,
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "return": -0.020386,
        "active": false
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      {
        "regime": "balance",
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        "return": -0.075255,
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      },
      {
        "date": "2026-04-24",
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      {
        "date": "2026-05-08",
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      },
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        "typical_volume": 109240.0,
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        "relative_strength": -19.303966,
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      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 107960.0,
        "trend": 25.871312,
        "fair_value": 23.355533,
        "relative_strength": -19.479384,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.445052,
        "energy": 49.214756,
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          24.038667,
          24.192791,
          24.661983,
          25.167181
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      },
      {
        "date": "2026-07-24",
        "close": 23.860001,
        "volume": 94200,
        "typical_volume": 106525.0,
        "trend": 25.748376,
        "fair_value": 23.385965,
        "relative_strength": -19.423257,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.344629,
        "energy": 44.950446,
        "activity_lines": [
          23.956,
          24.118502,
          24.548702,
          25.037419
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      },
      {
        "date": "2026-07-31",
        "close": 24.610001,
        "volume": 117800,
        "typical_volume": 105445.0,
        "trend": 25.653033,
        "fair_value": 23.422688,
        "relative_strength": -16.030175,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.736926,
        "energy": 35.553041,
        "activity_lines": [
          24.156001,
          24.185876,
          24.517881,
          24.963976
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.620001,
        "volume": 69900,
        "typical_volume": 90585.0,
        "trend": 25.512692,
        "fair_value": 23.461053,
        "relative_strength": -21.277607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.811057,
        "energy": 40.248015,
        "activity_lines": [
          23.992001,
          24.066714,
          24.396679,
          24.832813
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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."
    }
  }
}