{
  "ticker": {
    "uuid": "71ee4d9c-a82d-4faa-85ac-001f37513b7f",
    "symbol": "PRL",
    "name": "Propel Holdings 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.523,
    "architecture_energy": 57.318,
    "architecture_maturity": 28.406,
    "architecture_confidence": 83.174,
    "architecture_tenure": "New",
    "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": 24.05,
        "rotation_up": 59.62,
        "upward_expansion": 79.5,
        "deceleration": 57.49,
        "rotation_down": 19.33,
        "downward_expansion": 8.5
      },
      "activity_lines": [
        26.024,
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        24.157789,
        23.17986
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.5
    },
    "latest_close": 28.360001,
    "trend_reference": 22.483199,
    "distance_from_trend": 0.261386,
    "trend_direction": "Improving",
    "fair_value": 23.515899,
    "distance_from_fair_value": 0.205993,
    "fair_value_direction": "Improving",
    "relative_strength": 3.853422,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.156748,
    "excess_performance": 0.036327,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.261386,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021515,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.205993,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.155495,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.038534,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.27539,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.156748,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.326977,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1884900,
      "relative_activity": 2.360329,
      "balance": 1.326977,
      "dry_up": 1.145916,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.076073,
      "annualized_volatility": 0.54676,
      "from_high_reference": -0.186693,
      "from_low_reference": 0.66367
    },
    "levels": {
      "trend_reference": 22.483199,
      "fair_value_reference": 23.515899,
      "structural_low": 17.046654,
      "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": 19,
        "median_return": 0.007109,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.006519,
        "regime_survival": 0.789474,
        "best_return": 0.463461,
        "worst_return": -0.306847,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.042406,
        "regime_survival": 0.571429,
        "best_return": 0.616348,
        "worst_return": -0.149383,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.467857,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.371629,
        "regime_survival": 0.5,
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        "worst_return": -0.028503,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.115993,
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        "best_return": 1.613995,
        "worst_return": 0.617991,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-31",
        "tenure": "Developing",
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        "regime": "downward_expansion",
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-24",
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        "fair_value": 21.908253,
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "stage": 4,
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        "modifier": "Balance after decline",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 1348515.0,
        "trend": 22.231432,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1348815.0,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1349530.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1290775.0,
        "trend": 22.055102,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1253315.0,
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        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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        "gate": "mixed",
        "direction": 36.061359,
        "energy": 50.384685,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 23.32,
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        "typical_volume": 1140300.0,
        "trend": 22.210827,
        "fair_value": 22.825243,
        "relative_strength": -18.099533,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.073398,
        "energy": 42.426355,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 26.25,
        "volume": 122300,
        "typical_volume": 1096645.0,
        "trend": 22.239558,
        "fair_value": 22.938209,
        "relative_strength": -7.183646,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 62.556772,
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      },
      {
        "date": "2026-07-10",
        "close": 25.889999,
        "volume": 696900,
        "typical_volume": 1036240.0,
        "trend": 22.302941,
        "fair_value": 23.052553,
        "relative_strength": -7.362232,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 71.25861,
        "energy": 73.763321,
        "activity_lines": [
          25.164,
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      },
      {
        "date": "2026-07-17",
        "close": 25.34,
        "volume": 803400,
        "typical_volume": 991830.0,
        "trend": 22.312431,
        "fair_value": 23.169459,
        "relative_strength": -8.008137,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.109404,
        "energy": 69.115275,
        "activity_lines": [
          25.371333,
          24.442363,
          23.072773,
          22.500296
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.49,
        "volume": 538700,
        "typical_volume": 873875.0,
        "trend": 22.305332,
        "fair_value": 23.27758,
        "relative_strength": -10.071816,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.918698,
        "energy": 63.175169,
        "activity_lines": [
          25.153333,
          24.613273,
          23.333362,
          22.640785
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.629999,
        "volume": 433400,
        "typical_volume": 787000.0,
        "trend": 22.329,
        "fair_value": 23.387535,
        "relative_strength": -7.957482,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.789212,
        "energy": 42.082091,
        "activity_lines": [
          25.010666,
          24.743091,
          23.585165,
          22.790763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.360001,
        "volume": 1884900,
        "typical_volume": 798575.0,
        "trend": 22.483199,
        "fair_value": 23.515899,
        "relative_strength": 3.853422,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.52345,
        "energy": 57.318402,
        "activity_lines": [
          26.024,
          25.483818,
          24.157789,
          23.17986
        ]
      }
    ],
    "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."
    }
  }
}