{ "ticker": { "uuid": "9f260ff3-0067-4ae1-975d-32da3631202f", "symbol": "QTRH", "name": "Quarterhill 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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.687, "architecture_energy": 88.023, "architecture_maturity": 54.0, "architecture_confidence": 77.434, "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": 8.34, "rotation_up": 86.39, "upward_expansion": 96.83, "deceleration": 41.51, "rotation_down": 9.55, "downward_expansion": 18.83 }, "activity_lines": [ 2.851333, 2.576545, 2.233524, 1.967226 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 3.2, "trend_reference": 1.628667, "distance_from_trend": 0.964797, "trend_direction": "Improving", "fair_value": 1.542115, "distance_from_fair_value": 1.075072, "fair_value_direction": "Improving", "relative_strength": 110.01626, "relative_strength_direction": "Improving", "price_momentum": 2.44086, "excess_performance": 2.320439, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.964797, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.400803, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.075072, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 1.06067, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 1.100163, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.973828, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 2.44086, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.926216, "read": "Demand-led" } ], "volume": { "latest": 1276900, "relative_activity": 1.205925, "balance": 3.926216, "dry_up": 1.429823, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.114423, "annualized_volatility": 0.816249, "from_high_reference": -0.039039, "from_low_reference": 2.595506 }, "levels": { "trend_reference": 1.628667, "fair_value_reference": 1.542115, "structural_low": 0.92, "invalidation": "A sustained 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1.546409 ] }, { "date": "2026-07-10", "close": 2.42, "volume": 974100, "typical_volume": 876390.0, "trend": 1.376667, "fair_value": 1.507692, "relative_strength": 73.617877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.942599, "energy": 66.871473, "activity_lines": [ 2.186, 2.046, 1.813333, 1.616731 ] }, { "date": "2026-07-17", "close": 2.71, "volume": 2199900, "typical_volume": 968815.0, "trend": 1.436333, "fair_value": 1.516346, "relative_strength": 92.085689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.606885, "energy": 85.280913, "activity_lines": [ 2.406667, 2.186364, 1.919619, 1.702753 ] }, { "date": "2026-07-24", "close": 2.59, "volume": 1501800, "typical_volume": 1026130.0, "trend": 1.491333, "fair_value": 1.523013, "relative_strength": 80.74823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.457289, "energy": 87.541341, "activity_lines": [ 2.528, 2.282727, 2.006095, 1.777183 ] }, { "date": "2026-07-31", "close": 2.79, "volume": 1077300, "typical_volume": 1042620.0, "trend": 1.553, "fair_value": 1.531538, "relative_strength": 92.719584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.081922, "energy": 87.042978, "activity_lines": [ 2.658667, 2.401091, 2.104429, 1.860968 ] }, { "date": "2026-08-07", "close": 3.2, "volume": 1276900, "typical_volume": 1058855.0, "trend": 1.628667, "fair_value": 1.542115, "relative_strength": 110.01626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.686674, "energy": 88.022674, "activity_lines": [ 2.851333, 2.576545, 2.233524, 1.967226 ] } ], "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." } } }