{
  "ticker": {
    "uuid": "8a092f66-ef7d-4033-92fa-1de01db65934",
    "symbol": "URB-A",
    "name": "Urbana Corporation",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -21.328,
    "architecture_energy": 14.716,
    "architecture_maturity": 13.697,
    "architecture_confidence": 59.482,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 52.82,
        "rotation_up": 34.87,
        "upward_expansion": 25.4,
        "deceleration": 37.93,
        "rotation_down": 22.4,
        "downward_expansion": 48.07
      },
      "activity_lines": [
        8.522,
        8.458545,
        8.484143,
        8.515849
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 8.55,
    "trend_reference": 8.621667,
    "distance_from_trend": -0.008312,
    "trend_direction": "Weakening",
    "fair_value": 6.074494,
    "distance_from_fair_value": 0.407525,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.084233,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.039326,
    "excess_performance": -0.159747,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.008312,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.00194,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.407525,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.126654,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.080842,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085493,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.039326,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.23315,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 90800,
      "relative_activity": 2.145304,
      "balance": 2.23315,
      "dry_up": 1.382162,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.032749,
      "annualized_volatility": 0.163209,
      "from_high_reference": -0.109961,
      "from_low_reference": 0.264998
    },
    "levels": {
      "trend_reference": 8.621667,
      "fair_value_reference": 6.074494,
      "structural_low": 8.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.009558,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.001801,
        "regime_survival": 0.666667,
        "best_return": 0.059945,
        "worst_return": -0.046753,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.027569,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.020457,
        "regime_survival": 0.4,
        "best_return": 0.093023,
        "worst_return": 0.025138,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.064935,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.071566,
        "regime_survival": 0.0,
        "best_return": 0.205074,
        "worst_return": 0.051424,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.237439,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.094284,
        "regime_survival": 0.0,
        "best_return": 0.362846,
        "worst_return": 0.112033,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-04-28",
        "end": "2023-08-11",
        "tenure": "Established",
        "return": 0.031169,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-08-18",
        "end": "2023-10-27",
        "tenure": "Developing",
        "return": 0.025,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-03",
        "end": "2023-12-29",
        "tenure": "Developing",
        "return": 0.052885,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-05",
        "end": "2024-04-12",
        "tenure": "Established",
        "return": 0.110991,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-19",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": 0.012658,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-07",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.039666,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.040169,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2025-02-28",
        "tenure": "Extended",
        "return": 0.190188,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": 0.052632,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2026-02-13",
        "tenure": "Extended",
        "return": 0.365166,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": -0.021372,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-15",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.056,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.027677,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 52260.0,
        "trend": 3.622781,
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      },
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      },
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      },
      {
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 8.61,
        "volume": 74300,
        "typical_volume": 52030.0,
        "trend": 8.428765,
        "fair_value": 5.607998,
        "relative_strength": 0.44086,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.577269,
        "energy": 15.14374,
        "activity_lines": [
          8.638667,
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          8.70216,
          8.642364
        ]
      },
      {
        "date": "2026-05-01",
        "close": 8.42,
        "volume": 72900,
        "typical_volume": 52205.0,
        "trend": 8.4664,
        "fair_value": 5.638495,
        "relative_strength": -1.958903,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.706519,
        "energy": 9.978853,
        "activity_lines": [
          8.573333,
          8.545818,
          8.668257,
          8.641799
        ]
      },
      {
        "date": "2026-05-08",
        "close": 8.7,
        "volume": 61400,
        "typical_volume": 52940.0,
        "trend": 8.516324,
        "fair_value": 5.670786,
        "relative_strength": 0.465067,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.903129,
        "energy": 13.775929,
        "activity_lines": [
          8.608,
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          8.659959,
          8.65687
        ]
      },
      {
        "date": "2026-05-15",
        "close": 8.75,
        "volume": 41000,
        "typical_volume": 53505.0,
        "trend": 8.561675,
        "fair_value": 5.704,
        "relative_strength": 1.507945,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.981659,
        "energy": 10.558016,
        "activity_lines": [
          8.653333,
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          8.671946
        ]
      },
      {
        "date": "2026-05-22",
        "close": 8.55,
        "volume": 62700,
        "typical_volume": 54050.0,
        "trend": 8.601345,
        "fair_value": 5.736715,
        "relative_strength": -2.791891,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.546831,
        "energy": 6.591276,
        "activity_lines": [
          8.62,
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          8.671193
        ]
      },
      {
        "date": "2026-05-29",
        "close": 8.63,
        "volume": 70400,
        "typical_volume": 52355.0,
        "trend": 8.638426,
        "fair_value": 5.768678,
        "relative_strength": -2.831085,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 9.068764,
        "energy": 6.03914,
        "activity_lines": [
          8.628,
          8.622727,
          8.620238,
          8.673041
        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.42,
        "volume": 7400,
        "typical_volume": 49520.0,
        "trend": 8.655371,
        "fair_value": 5.799596,
        "relative_strength": -4.297362,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.605959,
        "energy": 12.230792,
        "activity_lines": [
          8.564667,
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          8.591524,
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 8.37,
        "volume": 11900,
        "typical_volume": 47940.0,
        "trend": 8.663423,
        "fair_value": 5.830193,
        "relative_strength": -6.362855,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.075502,
        "energy": 36.142876,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 8.33,
        "volume": 2400,
        "typical_volume": 44980.0,
        "trend": 8.667187,
        "fair_value": 5.860173,
        "relative_strength": -6.93885,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.597652,
        "energy": 44.210319,
        "activity_lines": [
          8.413333,
          8.5,
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          8.619027
        ]
      },
      {
        "date": "2026-06-26",
        "close": 8.26,
        "volume": 15700,
        "typical_volume": 41815.0,
        "trend": 8.668945,
        "fair_value": 5.890366,
        "relative_strength": -7.772481,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -59.851212,
        "energy": 53.83645,
        "activity_lines": [
          8.346667,
          8.446364,
          8.50581,
          8.592757
        ]
      },
      {
        "date": "2026-07-03",
        "close": 8.31,
        "volume": 100,
        "typical_volume": 38705.0,
        "trend": 8.675326,
        "fair_value": 5.92076,
        "relative_strength": -7.906007,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.940141,
        "energy": 52.889089,
        "activity_lines": [
          8.316,
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          8.484286,
          8.569599
        ]
      },
      {
        "date": "2026-07-10",
        "close": 8.45,
        "volume": 24500,
        "typical_volume": 38235.0,
        "trend": 8.683747,
        "fair_value": 5.951509,
        "relative_strength": -6.509483,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.238848,
        "energy": 40.599659,
        "activity_lines": [
          8.353333,
          8.406727,
          8.476619,
          8.555062
        ]
      },
      {
        "date": "2026-07-17",
        "close": 8.5,
        "volume": 26500,
        "typical_volume": 37870.0,
        "trend": 8.682667,
        "fair_value": 5.982518,
        "relative_strength": -5.874495,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.848164,
        "energy": 25.677679,
        "activity_lines": [
          8.405333,
          8.410909,
          8.47581,
          8.543208
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.49,
        "volume": 45300,
        "typical_volume": 36765.0,
        "trend": 8.670417,
        "fair_value": 6.012922,
        "relative_strength": -6.214009,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.109558,
        "energy": 15.880559,
        "activity_lines": [
          8.445333,
          8.416909,
          8.475095,
          8.530777
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.54,
        "volume": 71400,
        "typical_volume": 38540.0,
        "trend": 8.650966,
        "fair_value": 6.043586,
        "relative_strength": -5.229025,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.391911,
        "energy": 15.420681,
        "activity_lines": [
          8.491333,
          8.436727,
          8.479429,
          8.522363
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.55,
        "volume": 90800,
        "typical_volume": 42325.0,
        "trend": 8.621667,
        "fair_value": 6.074494,
        "relative_strength": -8.084233,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.328454,
        "energy": 14.716316,
        "activity_lines": [
          8.522,
          8.458545,
          8.484143,
          8.515849
        ]
      }
    ],
    "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."
    }
  }
}