{
  "ticker": {
    "uuid": "90b795ab-a3bf-40c4-bf63-fa09b87640e7",
    "symbol": "DML",
    "name": "Denison Mines Corp.",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 53.116,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.533,
    "architecture_energy": 50.272,
    "architecture_maturity": 13.529,
    "architecture_confidence": 92.288,
    "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": 35.7,
        "rotation_up": 15.42,
        "upward_expansion": 9.43,
        "deceleration": 41.73,
        "rotation_down": 56.68,
        "downward_expansion": 80.43
      },
      "activity_lines": [
        4.204667,
        4.287091,
        4.458238,
        4.614882
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 4.49,
    "trend_reference": 4.823333,
    "distance_from_trend": -0.069109,
    "trend_direction": "Improving",
    "fair_value": 3.115769,
    "distance_from_fair_value": 0.441057,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.558844,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.110891,
    "excess_performance": -0.231312,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.069109,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040633,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.441057,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.333956,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.075588,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.273933,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.110891,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.648832,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 11616700,
      "relative_activity": 0.897025,
      "balance": 0.648832,
      "dry_up": 1.269813,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.111873,
      "annualized_volatility": 0.548243,
      "from_high_reference": -0.256623,
      "from_low_reference": 0.74031
    },
    "levels": {
      "trend_reference": 4.823333,
      "fair_value_reference": 3.115769,
      "structural_low": 3.68,
      "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": 15,
        "median_return": 0.043796,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.035297,
        "regime_survival": 0.666667,
        "best_return": 0.434211,
        "worst_return": -0.12093,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.129032,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.183376,
        "regime_survival": 0.2,
        "best_return": 0.449782,
        "worst_return": -0.157609,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.299697,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.292011,
        "regime_survival": 0.0,
        "best_return": 0.725581,
        "worst_return": -0.048913,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.257642,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.040903,
        "regime_survival": 0.0,
        "best_return": 0.977612,
        "worst_return": -0.054348,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.427948,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-29",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-12-27",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-14",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.099548,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.074561,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-14",
        "tenure": "Established",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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      },
      {
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      {
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        "active": true
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        "stage": 3,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 14141675.0,
        "trend": 4.822667,
        "fair_value": 3.06859,
        "relative_strength": -15.288017,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.677069,
        "energy": 49.453377,
        "activity_lines": [
          4.354,
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      },
      {
        "date": "2026-07-24",
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        "volume": 12646100,
        "typical_volume": 13655120.0,
        "trend": 4.833333,
        "fair_value": 3.084359,
        "relative_strength": -12.846383,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.03838,
        "energy": 53.811559,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3.95,
        "volume": 25362400,
        "typical_volume": 14040095.0,
        "trend": 4.827,
        "fair_value": 3.098846,
        "relative_strength": -15.793146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.179961,
        "energy": 61.417124,
        "activity_lines": [
          4.117333,
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      },
      {
        "date": "2026-08-07",
        "close": 4.49,
        "volume": 11616700,
        "typical_volume": 12950255.0,
        "trend": 4.823333,
        "fair_value": 3.115769,
        "relative_strength": -7.558844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.532615,
        "energy": 50.271504,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}