{
  "ticker": {
    "uuid": "9f8c338e-ed55-4e1e-89e7-1bd87b03eb02",
    "symbol": "WSP",
    "name": "WSP Global 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.938,
    "architecture_energy": 43.67,
    "architecture_maturity": 100.0,
    "architecture_confidence": 60.876,
    "architecture_tenure": "Established",
    "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": 18.35,
        "rotation_up": 26.54,
        "upward_expansion": 18.14,
        "deceleration": 66.99,
        "rotation_down": 46.84,
        "downward_expansion": 70.47
      },
      "activity_lines": [
        176.788668,
        176.669874,
        185.459273,
        195.103539
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 189.559998,
    "trend_reference": 210.641523,
    "distance_from_trend": -0.100082,
    "trend_direction": "Weakening",
    "fair_value": 228.032365,
    "distance_from_fair_value": -0.168715,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.574128,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.285694,
    "excess_performance": -0.406115,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.100082,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.099074,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.168715,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.114793,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.285741,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020544,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.285694,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.609835,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3746100,
      "relative_activity": 1.778454,
      "balance": 1.609835,
      "dry_up": 1.571452,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.069458,
      "annualized_volatility": 0.413187,
      "from_high_reference": -0.346594,
      "from_low_reference": 0.210163
    },
    "levels": {
      "trend_reference": 210.641523,
      "fair_value_reference": 228.032365,
      "structural_low": 156.639999,
      "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": 12,
        "median_return": 0.024222,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.003166,
        "regime_survival": 0.833333,
        "best_return": 0.081394,
        "worst_return": -0.149811,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.053305,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.147535,
        "regime_survival": 0.666667,
        "best_return": 0.033943,
        "worst_return": -0.155307,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.037831,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.060697,
        "regime_survival": 0.5,
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        "worst_return": -0.200334,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.211367,
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        "best_return": 0.205322,
        "worst_return": 0.205322,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-29",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.037394,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.04096,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.068849,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-04-25",
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        "return": 0.009193,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "end": "2025-09-12",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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        "end": "2026-01-23",
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      },
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 228.141179,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-24",
        "close": 161.139999,
        "volume": 2947600,
        "typical_volume": 1983270.0,
        "trend": 215.587539,
        "fair_value": 228.032442,
        "relative_strength": -39.202461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.264414,
        "energy": 70.311595,
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          172.291948,
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          188.798492,
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      },
      {
        "date": "2026-07-31",
        "close": 171.270004,
        "volume": 3480600,
        "typical_volume": 2047635.0,
        "trend": 212.975075,
        "fair_value": 227.998713,
        "relative_strength": -34.187585,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.435873,
        "energy": 60.432495,
        "activity_lines": [
          171.273336,
          174.624133,
          186.137947,
          196.614189
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      },
      {
        "date": "2026-08-07",
        "close": 189.559998,
        "volume": 3746100,
        "typical_volume": 2106380.0,
        "trend": 210.641523,
        "fair_value": 228.032365,
        "relative_strength": -28.574128,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.937512,
        "energy": 43.670182,
        "activity_lines": [
          176.788668,
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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."
    }
  }
}