{ "ticker": { "uuid": "7f694a5c-0804-41d7-b525-583662beb466", "symbol": "FM", "name": "First Quantum Minerals Ltd.", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 61.992, "architecture_energy": 29.448, "architecture_maturity": 25.755, "architecture_confidence": 63.821, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.83, "rotation_up": 37.82, "upward_expansion": 64.45, "deceleration": 67.58, "rotation_down": 25.1, "downward_expansion": 9.45 }, "activity_lines": [ 40.146, 39.849454, 39.158714, 38.205742 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 43.669998, "trend_reference": 37.605333, "distance_from_trend": 0.161271, "trend_direction": "Improving", "fair_value": 24.20564, "distance_from_fair_value": 0.804125, "fair_value_direction": "Improving", "relative_strength": 13.210149, "relative_strength_direction": "Improving", "price_momentum": 0.168897, "excess_performance": 0.048476, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.161271, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061948, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.804125, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.324985, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.132101, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.090203, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.168897, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.339393, "read": "Demand-led" } ], "volume": { "latest": 12200200, "relative_activity": 1.023066, "balance": 1.339393, "dry_up": 1.153712, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.092459, "annualized_volatility": 0.628191, "from_high_reference": -0.033208, "from_low_reference": 0.966231 }, "levels": { "trend_reference": 37.605333, "fair_value_reference": 24.20564, "structural_low": 27.91, "invalidation": "A 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37.705761, 37.341484 ] }, { "date": "2026-07-03", "close": 39.799999, "volume": 660600, "typical_volume": 12264280.0, "trend": 37.094333, "fair_value": 24.09939, "relative_strength": 9.045542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.01794, "energy": 38.858427, "activity_lines": [ 40.268666, 39.774726, 38.001571, 37.53 ] }, { "date": "2026-07-10", "close": 39.259998, "volume": 13005500, "typical_volume": 12333375.0, "trend": 37.294333, "fair_value": 24.129923, "relative_strength": 6.894891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.383656, "energy": 22.905062, "activity_lines": [ 39.787332, 39.915272, 38.228904, 37.66972 ] }, { "date": "2026-07-17", "close": 36.790001, "volume": 12678800, "typical_volume": 12169525.0, "trend": 37.348333, "fair_value": 24.14296, "relative_strength": -0.058045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.132069, "energy": 17.708749, "activity_lines": [ 38.533333, 39.480908, 38.213619, 37.637182 ] }, { "date": "2026-07-24", "close": 38.52, "volume": 13966600, "typical_volume": 12063275.0, "trend": 37.418333, "fair_value": 24.146623, "relative_strength": 3.897761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.700306, "energy": 16.270698, "activity_lines": [ 38.296, 39.328545, 38.38238, 37.712774 ] }, { "date": "2026-07-31", "close": 38.860001, "volume": 16187100, "typical_volume": 12180795.0, "trend": 37.470667, "fair_value": 24.158668, "relative_strength": 4.698087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.8128, "energy": 15.197897, "activity_lines": [ 38.471334, 39.171091, 38.556809, 37.805785 ] }, { "date": "2026-08-07", "close": 43.669998, "volume": 12200200, "typical_volume": 11925135.0, "trend": 37.605333, "fair_value": 24.20564, "relative_strength": 13.210149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.991878, "energy": 29.447669, "activity_lines": [ 40.146, 39.849454, 39.158714, 38.205742 ] } ], "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." } } }