{
  "ticker": {
    "uuid": "9d73ead7-3308-4f38-abda-720023c61034",
    "symbol": "CRT-UN",
    "name": "CT Real Estate Investment Trust",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 58.88,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.039,
    "architecture_energy": 46.023,
    "architecture_maturity": 79.991,
    "architecture_confidence": 66.405,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 13.65,
        "rotation_up": 52.66,
        "upward_expansion": 77.15,
        "deceleration": 59.69,
        "rotation_down": 25.38,
        "downward_expansion": 13.49
      },
      "activity_lines": [
        18.357796,
        18.358877,
        18.086713,
        17.76598
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 17.879999,
    "trend_reference": 17.342214,
    "distance_from_trend": 0.03101,
    "trend_direction": "Improving",
    "fair_value": 14.265984,
    "distance_from_fair_value": 0.253331,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.464506,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.088572,
    "excess_performance": -0.03185,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03101,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050971,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.253331,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.00787,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.044645,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.018909,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.088572,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.643505,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1240100,
      "relative_activity": 1.743011,
      "balance": 0.643505,
      "dry_up": 1.287686,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.024155,
      "annualized_volatility": 0.134194,
      "from_high_reference": -0.052289,
      "from_low_reference": 0.200511
    },
    "levels": {
      "trend_reference": 17.342214,
      "fair_value_reference": 14.265984,
      "structural_low": 15.849848,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.007658,
        "positive_rate": 0.592593,
        "directional_follow_through": 0.592593,
        "median_excess_return": -0.005754,
        "regime_survival": 0.703704,
        "best_return": 0.055642,
        "worst_return": -0.08028,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.021682,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.028426,
        "regime_survival": 0.444444,
        "best_return": 0.071375,
        "worst_return": -0.072173,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.004846,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.050929,
        "regime_survival": 0.166667,
        "best_return": 0.132362,
        "worst_return": -0.126147,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.006925,
        "positive_rate": 0.666667,
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        "median_excess_return": -0.072239,
        "regime_survival": 0.333333,
        "best_return": 0.1445,
        "worst_return": -0.084459,
        "sufficient": false
      }
    ],
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-07-26",
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        "return": 0.028109,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-08-16",
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        "return": 0.000687,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.038543,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 765065.0,
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        "fair_value": 14.157369,
        "relative_strength": 2.70754,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.767705,
        "energy": 89.773634,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.557867,
        "volume": 780300,
        "typical_volume": 765340.0,
        "trend": 17.204884,
        "fair_value": 14.193985,
        "relative_strength": 1.758635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.182073,
        "energy": 83.309186,
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      },
      {
        "date": "2026-07-31",
        "close": 18.639999,
        "volume": 804700,
        "typical_volume": 758910.0,
        "trend": 17.296312,
        "fair_value": 14.232151,
        "relative_strength": 2.677255,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.837529,
        "energy": 66.529359,
        "activity_lines": [
          18.579271,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.879999,
        "volume": 1240100,
        "typical_volume": 711470.0,
        "trend": 17.342214,
        "fair_value": 14.265984,
        "relative_strength": -4.464506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.03855,
        "energy": 46.022609,
        "activity_lines": [
          18.357796,
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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."
    }
  }
}