{
  "ticker": {
    "uuid": "9e51522b-e325-4e73-be4d-16ec3ee14845",
    "symbol": "RCI-B",
    "name": "Rogers Communications 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": 77.097,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.477,
    "architecture_energy": 33.89,
    "architecture_maturity": 12.539,
    "architecture_confidence": 86.238,
    "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": 44.51,
        "rotation_up": 16.03,
        "upward_expansion": 3.54,
        "deceleration": 50.42,
        "rotation_down": 52.26,
        "downward_expansion": 74.54
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 48.009998,
    "trend_reference": 49.932596,
    "distance_from_trend": -0.038504,
    "trend_direction": "Weakening",
    "fair_value": 47.793593,
    "distance_from_fair_value": 0.004528,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.044168,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.017064,
    "excess_performance": -0.137485,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.038504,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015407,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.004528,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.036275,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.150442,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.08444,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.017064,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.776728,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10096000,
      "relative_activity": 1.218167,
      "balance": 2.776728,
      "dry_up": 1.322166,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.059793,
      "annualized_volatility": 0.33988,
      "from_high_reference": -0.138992,
      "from_low_reference": 0.096355
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    "levels": {
      "trend_reference": 49.932596,
      "fair_value_reference": 47.793593,
      "structural_low": 43.790547,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": -0.003663,
        "positive_rate": 0.464286,
        "directional_follow_through": 0.535714,
        "median_excess_return": 0.009098,
        "regime_survival": 0.785714,
        "best_return": 0.219915,
        "worst_return": -0.115511,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.023577,
        "positive_rate": 0.454545,
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        "median_excess_return": -0.012319,
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        "worst_return": -0.188242,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.080151,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "sufficient": false
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      {
        "regime": "downward_expansion",
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        "regime": "upward_expansion",
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        "regime": "upward_expansion",
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        "modifier": "Structural failure",
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      },
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        "date": "2026-04-17",
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      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 9115255.0,
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        "fair_value": 48.010703,
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        "energy": 18.209671,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 9390150.0,
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        "fair_value": 48.008849,
        "relative_strength": -4.124609,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 1732500,
        "typical_volume": 9127685.0,
        "trend": 50.730262,
        "fair_value": 48.011699,
        "relative_strength": -4.629712,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 15.036579,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 53.919998,
        "volume": 2431000,
        "typical_volume": 8844800.0,
        "trend": 50.765676,
        "fair_value": 48.023857,
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        "stage": 3,
        "regime": "balance",
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        "gate": "mixed",
        "direction": 28.826902,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -5.218394,
        "stage": 3,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 7920340.0,
        "trend": 50.619075,
        "fair_value": 47.995194,
        "relative_strength": -10.893117,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 13.504814,
        "energy": 20.19689,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 7520490.0,
        "trend": 50.424922,
        "fair_value": 47.938214,
        "relative_strength": -19.217983,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 25.943867,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 7867950.0,
        "trend": 50.330315,
        "fair_value": 47.898263,
        "relative_strength": -16.333896,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "direction": -63.66281,
        "energy": 49.194209,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 48.580002,
        "volume": 9985600,
        "typical_volume": 7912715.0,
        "trend": 50.281235,
        "fair_value": 47.869007,
        "relative_strength": -12.392896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.479389,
        "energy": 46.804566,
        "activity_lines": [
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          49.50145,
          49.912115
        ]
      },
      {
        "date": "2026-07-24",
        "close": 46.200001,
        "volume": 11103600,
        "typical_volume": 8024670.0,
        "trend": 50.141592,
        "fair_value": 47.829781,
        "relative_strength": -16.569539,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.739763,
        "energy": 70.896126,
        "activity_lines": [
          46.983335,
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          49.145418,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 47.459999,
        "volume": 12646500,
        "typical_volume": 8234925.0,
        "trend": 50.002328,
        "fair_value": 47.811677,
        "relative_strength": -13.601765,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.198133,
        "energy": 59.482433,
        "activity_lines": [
          47.072001,
          48.226347,
          48.947503,
          49.475803
        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.009998,
        "volume": 10096000,
        "typical_volume": 8287860.0,
        "trend": 49.932596,
        "fair_value": 47.793593,
        "relative_strength": -15.044168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.476675,
        "energy": 33.889841,
        "activity_lines": [
          47.482,
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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."
    }
  }
}