{ "ticker": { "uuid": "78083b3e-2afc-4b47-a526-740424719e73", "symbol": "MNO", "name": "Meridian Mining Plc", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 80.05, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.852, "architecture_energy": 51.958, "architecture_maturity": 2.731, "architecture_confidence": 76.388, "architecture_tenure": "New", "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": 32.02, "rotation_up": 12.18, "upward_expansion": 9.55, "deceleration": 41.43, "rotation_down": 63.62, "downward_expansion": 82.88 }, "activity_lines": [ 1.56, 1.592727, 1.685143, 1.707548 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 1.7, "trend_reference": 1.715667, "distance_from_trend": -0.009132, "trend_direction": "Improving", "fair_value": 0.822949, "distance_from_fair_value": 1.065742, "fair_value_direction": "Weakening", "relative_strength": 0.020308, "relative_strength_direction": "Weakening", "price_momentum": 0.036585, "excess_performance": -0.083836, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009132, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.025912, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.065742, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.561508, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000203, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.322399, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.036585, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.981447, "read": "Supply-led" } ], "volume": { "latest": 1637700, "relative_activity": 1.264057, "balance": 0.981447, "dry_up": 1.102278, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.10905, "annualized_volatility": 0.551354, "from_high_reference": -0.212963, "from_low_reference": 1.125 }, "levels": { "trend_reference": 1.715667, "fair_value_reference": 0.822949, "structural_low": 1.34, "invalidation": "A 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25.921917, "energy": 16.954645, "activity_lines": [ 1.774, 1.825455, 1.803524, 1.76729 ] }, { "date": "2026-06-26", "close": 1.63, "volume": 171500, "typical_volume": 2239925.0, "trend": 1.716, "fair_value": 0.777821, "relative_strength": 3.715081, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.547691, "energy": 23.196314, "activity_lines": [ 1.714667, 1.786364, 1.78881, 1.761871 ] }, { "date": "2026-07-03", "close": 1.72, "volume": 69800, "typical_volume": 2035585.0, "trend": 1.72, "fair_value": 0.786154, "relative_strength": 7.674612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.343368, "energy": 20.848419, "activity_lines": [ 1.703333, 1.769091, 1.782714, 1.762129 ] }, { "date": "2026-07-10", "close": 1.61, "volume": 1675400, "typical_volume": 1910035.0, "trend": 1.722333, "fair_value": 0.793782, "relative_strength": -0.117921, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.168401, "energy": 31.676752, "activity_lines": [ 1.668667, 1.733273, 1.766, 1.755032 ] }, { "date": "2026-07-17", "close": 1.47, "volume": 1775000, "typical_volume": 1802305.0, "trend": 1.715667, "fair_value": 0.800513, "relative_strength": -9.226225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.54224, "energy": 54.395622, "activity_lines": [ 1.598667, 1.674182, 1.737048, 1.738753 ] }, { "date": "2026-07-24", "close": 1.45, "volume": 1012800, "typical_volume": 1656235.0, "trend": 1.709, "fair_value": 0.807372, "relative_strength": -11.156749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.438216, "energy": 59.561255, "activity_lines": [ 1.535333, 1.618909, 1.708619, 1.721613 ] }, { "date": "2026-07-31", "close": 1.5, "volume": 1286900, "typical_volume": 1556465.0, "trend": 1.709, "fair_value": 0.814551, "relative_strength": -8.244544, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.418238, "energy": 66.748226, "activity_lines": [ 1.51, 1.584, 1.686714, 1.708129 ] }, { "date": "2026-08-07", "close": 1.7, "volume": 1637700, "typical_volume": 1295590.0, "trend": 1.715667, "fair_value": 0.822949, "relative_strength": 0.020308, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.851723, "energy": 51.958027, "activity_lines": [ 1.56, 1.592727, 1.685143, 1.707548 ] } ], "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." } } }