{ "ticker": { "uuid": "a0234892-8311-4234-8409-2c4cdf49608e", "symbol": "PYR", "name": "PyroGenesis 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.654, "architecture_energy": 79.84, "architecture_maturity": 42.348, "architecture_confidence": 96, "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": 8.02, "rotation_up": 26.96, "upward_expansion": 19.64, "deceleration": 38.68, "rotation_down": 59.36, "downward_expansion": 95.31 }, "activity_lines": [ 0.191667, 0.202091, 0.254571, 0.306376 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 0.205, "trend_reference": 0.343667, "distance_from_trend": -0.403492, "trend_direction": "Weakening", "fair_value": 0.502885, "distance_from_fair_value": -0.592352, "fair_value_direction": "Weakening", "relative_strength": -41.180413, "relative_strength_direction": "Weakening", "price_momentum": -0.18, "excess_performance": -0.300421, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.403492, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.039143, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.592352, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.376585, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.411804, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.476224, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.18, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.266764, "read": "Supply-led" } ], "volume": { "latest": 1580700, "relative_activity": 1.588268, "balance": 0.266764, "dry_up": 1.218707, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.221388, "annualized_volatility": 1.080126, "from_high_reference": -0.698529, "from_low_reference": 0.205882 }, "levels": { "trend_reference": 0.343667, "fair_value_reference": 0.502885, "structural_low": 0.175, "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": 45, "median_return": -0.021277, "positive_rate": 0.4, "directional_follow_through": 0.577778, "median_excess_return": -0.024703, "regime_survival": 0.888889, "best_return": 0.684211, "worst_return": -0.407216, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.084906, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.100195, "regime_survival": 0.733333, "best_return": 0.78125, "worst_return": -0.483146, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.296699, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.363927, "regime_survival": 0.625, "best_return": 0.075472, "worst_return": -0.459184, "sufficient": true }, { "horizon": "Full 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"label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-10-25", "tenure": "Developing", "return": -0.012048, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": -0.151899, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": -0.1875, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2026-01-02", "tenure": "Extended", "return": -0.449153, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": -0.086207, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.339623, 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-46.706234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.856753, "energy": 84.433818, "activity_lines": [ 0.207333, 0.229545, 0.3025, 0.337925 ] }, { "date": "2026-07-24", "close": 0.185, "volume": 1448600, "typical_volume": 990275.0, "trend": 0.3515, "fair_value": 0.512179, "relative_strength": -47.292384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.892624, "energy": 84.913374, "activity_lines": [ 0.198, 0.216273, 0.284024, 0.326892 ] }, { "date": "2026-07-31", "close": 0.175, "volume": 1121200, "typical_volume": 973090.0, "trend": 0.3465, "fair_value": 0.507532, "relative_strength": -48.984979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.323054, "energy": 83.894863, "activity_lines": [ 0.188333, 0.205273, 0.266905, 0.315505 ] }, { "date": "2026-08-07", "close": 0.205, "volume": 1580700, "typical_volume": 995235.0, "trend": 0.343667, "fair_value": 0.502885, "relative_strength": -41.180413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.65419, "energy": 79.84028, "activity_lines": [ 0.191667, 0.202091, 0.254571, 0.306376 ] } ], "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." } } }