{ "ticker": { "uuid": "8227b814-74e3-4d29-9991-076721d32264", "symbol": "AG1N", "name": "First Majestic Silver Corp.", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 68.624, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.851, "architecture_energy": 52.058, "architecture_maturity": 35.096, "architecture_confidence": 86.849, "architecture_tenure": "Developing", "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": 23.32, "rotation_up": 22.58, "upward_expansion": 8.46, "deceleration": 56.33, "rotation_down": 55.97, "downward_expansion": 81.8 }, "activity_lines": [ 290.628666, 294.97509, 314.881647, 334.128815 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 305.0, "trend_reference": 357.980519, "distance_from_trend": -0.147998, "trend_direction": "Improving", "fair_value": 224.126139, "distance_from_fair_value": 0.360841, "fair_value_direction": "Weakening", "relative_strength": -0.955682, "relative_strength_direction": "Weakening", "price_momentum": -0.20206, "excess_performance": -0.147393, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.147998, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.034608, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.360841, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.392819, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009557, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.304064, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.20206, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.608595, "read": "Supply-led" } ], "volume": { "latest": 40271, "relative_activity": 2.476722, "balance": 0.608595, "dry_up": 1.854589, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.091905, "annualized_volatility": 0.715082, "from_high_reference": -0.442384, "from_low_reference": 0.937356 }, "levels": { "trend_reference": 357.980519, "fair_value_reference": 224.126139, "structural_low": 263.899994, "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": 1, "median_return": 0.026936, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.020281, "regime_survival": 1.0, "best_return": 0.026936, "worst_return": 0.026936, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, 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329.172572, 347.398585 ] }, { "date": "2026-07-24", "close": 299.75, "volume": 40006, "typical_volume": 16404.65, "trend": 358.938826, "fair_value": 222.886263, "relative_strength": -0.692439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.036736, "energy": 74.191114, "activity_lines": [ 295.273999, 304.169272, 324.614595, 343.557953 ] }, { "date": "2026-07-31", "close": 266.0, "volume": 40104, "typical_volume": 14346.65, "trend": 358.212812, "fair_value": 223.3174, "relative_strength": -12.946701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.690729, "energy": 64.508297, "activity_lines": [ 285.417999, 295.353999, 317.557695, 337.5619 ] }, { "date": "2026-08-07", "close": 305.0, "volume": 40271, "typical_volume": 16259.8, "trend": 357.980519, "fair_value": 224.126139, "relative_strength": -0.955682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.850863, "energy": 52.058334, "activity_lines": [ 290.628666, 294.97509, 314.881647, 334.128815 ] } ], "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." } } }