{
  "ticker": {
    "uuid": "96441839-7419-4c20-84d5-1bf4dbfdb9d7",
    "symbol": "MTY",
    "name": "MTY Food Group Inc.",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.821,
    "architecture_energy": 84.153,
    "architecture_maturity": 19.027,
    "architecture_confidence": 88.077,
    "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": 18.48,
        "rotation_up": 8.83,
        "upward_expansion": 21.02,
        "deceleration": 37.14,
        "rotation_down": 75.92,
        "downward_expansion": 94.36
      },
      "activity_lines": [
        33.680962,
        34.915673,
        36.610057,
        37.46366
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 34.279999,
    "trend_reference": 38.639885,
    "distance_from_trend": -0.112834,
    "trend_direction": "Weakening",
    "fair_value": 42.596083,
    "distance_from_fair_value": -0.195231,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.240139,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.209542,
    "excess_performance": -0.329963,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.112834,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002705,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.195231,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.075761,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.192401,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.091028,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.209542,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.469462,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 567700,
      "relative_activity": 1.874618,
      "balance": 0.469462,
      "dry_up": 2.177176,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.052843,
      "annualized_volatility": 0.227748,
      "from_high_reference": -0.239619,
      "from_low_reference": 0.087366
    },
    "levels": {
      "trend_reference": 38.639885,
      "fair_value_reference": 42.596083,
      "structural_low": 31.525713,
      "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": 30,
        "median_return": -0.00341,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.533333,
        "median_excess_return": -0.022073,
        "regime_survival": 0.8,
        "best_return": 0.130744,
        "worst_return": -0.096471,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.007077,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.052685,
        "regime_survival": 0.545455,
        "best_return": 0.155749,
        "worst_return": -0.102337,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.015624,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.111694,
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        "best_return": 0.093395,
        "worst_return": -0.103392,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.051364,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.286457,
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        "best_return": -0.015333,
        "worst_return": -0.182581,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
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        "regime": "upward_expansion",
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      {
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-03-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-12-26",
        "tenure": "Extended",
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        "active": false
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      {
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      },
      {
        "date": "2026-04-17",
        "close": 39.126625,
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        "typical_volume": 364610.0,
        "trend": 37.855915,
        "fair_value": 44.559038,
        "relative_strength": -12.466864,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.511098,
        "energy": 12.432597,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 376005.0,
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        "fair_value": 44.378233,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 380515.0,
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        "fair_value": 44.268783,
        "relative_strength": -10.137293,
        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 37.790001,
        "volume": 209300,
        "typical_volume": 383860.0,
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        "fair_value": 44.158612,
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        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 38.759998,
        "volume": 168200,
        "typical_volume": 385945.0,
        "trend": 38.529538,
        "fair_value": 44.060859,
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        "stage": 3,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.204122,
        "energy": 8.319214,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 39.369999,
        "volume": 127900,
        "typical_volume": 379675.0,
        "trend": 38.744676,
        "fair_value": 43.967193,
        "relative_strength": -9.104058,
        "stage": 3,
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        "modifier": "Recompressing",
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        "direction": 3.261785,
        "energy": 8.73223,
        "activity_lines": [
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          39.331712
        ]
      },
      {
        "date": "2026-06-05",
        "close": 39.330002,
        "volume": 26800,
        "typical_volume": 371280.0,
        "trend": 38.964133,
        "fair_value": 43.877699,
        "relative_strength": -7.733326,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.592157,
        "energy": 7.291607,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 33300,
        "typical_volume": 329845.0,
        "trend": 39.206821,
        "fair_value": 43.791349,
        "relative_strength": -6.168869,
        "stage": 1,
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        "gate": "up",
        "direction": 40.770819,
        "energy": 19.727138,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 39.316188,
        "fair_value": 43.697946,
        "relative_strength": -8.569194,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 10.275793,
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      },
      {
        "date": "2026-06-26",
        "close": 38.099998,
        "volume": 33500,
        "typical_volume": 244350.0,
        "trend": 39.347316,
        "fair_value": 43.584449,
        "relative_strength": -10.577205,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.028106,
        "energy": 11.256859,
        "activity_lines": [
          39.101333,
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          39.126937,
          39.383208
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      },
      {
        "date": "2026-07-03",
        "close": 37.441109,
        "volume": 24700,
        "typical_volume": 220875.0,
        "trend": 39.351242,
        "fair_value": 43.46106,
        "relative_strength": -12.132693,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 43.055219,
        "activity_lines": [
          38.488369,
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      },
      {
        "date": "2026-07-10",
        "close": 33.385403,
        "volume": 920900,
        "typical_volume": 234350.0,
        "trend": 39.215395,
        "fair_value": 43.29585,
        "relative_strength": -21.182951,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.842897,
        "energy": 79.993121,
        "activity_lines": [
          36.652096,
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      },
      {
        "date": "2026-07-17",
        "close": 33.147991,
        "volume": 742300,
        "typical_volume": 252010.0,
        "trend": 39.093569,
        "fair_value": 43.114653,
        "relative_strength": -21.05132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.907837,
        "energy": 90.161763,
        "activity_lines": [
          35.132993,
          36.838316,
          37.856633,
          38.483889
        ]
      },
      {
        "date": "2026-07-24",
        "close": 32.871017,
        "volume": 877700,
        "typical_volume": 278330.0,
        "trend": 38.937956,
        "fair_value": 42.928906,
        "relative_strength": -21.359267,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.340093,
        "energy": 93.167784,
        "activity_lines": [
          34.005698,
          35.961692,
          37.337355,
          38.082434
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.880001,
        "volume": 449600,
        "typical_volume": 286530.0,
        "trend": 38.813029,
        "fair_value": 42.763138,
        "relative_strength": -18.072462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.81638,
        "energy": 87.843415,
        "activity_lines": [
          33.635997,
          35.357956,
          36.943865,
          37.756114
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.279999,
        "volume": 567700,
        "typical_volume": 302835.0,
        "trend": 38.639885,
        "fair_value": 42.596083,
        "relative_strength": -19.240139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.820645,
        "energy": 84.153136,
        "activity_lines": [
          33.680962,
          34.915673,
          36.610057,
          37.46366
        ]
      }
    ],
    "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."
    }
  }
}