{
  "ticker": {
    "uuid": "a06d5637-2bf6-4f46-8cc9-d19d583ec90a",
    "symbol": "BYD",
    "name": "Boyd Group Services 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": -38.576,
    "architecture_energy": 28.367,
    "architecture_maturity": 100.0,
    "architecture_confidence": 69.606,
    "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": 37.61,
        "rotation_up": 27.74,
        "upward_expansion": 21.67,
        "deceleration": 46.98,
        "rotation_down": 24.52,
        "downward_expansion": 55.67
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 142.779999,
    "trend_reference": 175.098239,
    "distance_from_trend": -0.184572,
    "trend_direction": "Weakening",
    "fair_value": 223.317019,
    "distance_from_fair_value": -0.36064,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.884106,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.411757,
    "excess_performance": -0.532178,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.184572,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.134622,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.36064,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.042216,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.358841,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019325,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.411757,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.241246,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 234600,
      "relative_activity": 0.533479,
      "balance": 1.241246,
      "dry_up": 0.873668,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.085092,
      "annualized_volatility": 0.346489,
      "from_high_reference": -0.424293,
      "from_low_reference": 0.127866
    },
    "levels": {
      "trend_reference": 175.098239,
      "fair_value_reference": 223.317019,
      "structural_low": 126.59307,
      "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",
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        "median_return": -0.052896,
        "positive_rate": 0.409091,
        "directional_follow_through": 0.590909,
        "median_excess_return": -0.078375,
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        "worst_return": -0.200927,
        "sufficient": true
      },
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        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.213714,
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "trend": 202.337402,
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
        "close": 138.339996,
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        "trend": 185.142894,
        "fair_value": 225.744788,
        "relative_strength": -38.379674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 74.987895,
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      },
      {
        "date": "2026-07-17",
        "close": 145.559998,
        "volume": 331200,
        "typical_volume": 443645.0,
        "trend": 182.62141,
        "fair_value": 225.135006,
        "relative_strength": -34.380481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.420309,
        "energy": 51.602318,
        "activity_lines": [
          139.903346,
          139.59274,
          147.959865,
          163.022793
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      },
      {
        "date": "2026-07-24",
        "close": 142.979996,
        "volume": 458900,
        "typical_volume": 455105.0,
        "trend": 180.019915,
        "fair_value": 224.518866,
        "relative_strength": -35.118236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.552986,
        "energy": 44.436816,
        "activity_lines": [
          141.688646,
          139.975937,
          146.337963,
          160.465283
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      },
      {
        "date": "2026-07-31",
        "close": 144.910004,
        "volume": 512100,
        "typical_volume": 463330.0,
        "trend": 177.645032,
        "fair_value": 223.951112,
        "relative_strength": -33.384994,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.111569,
        "energy": 33.777326,
        "activity_lines": [
          143.157999,
          140.686872,
          145.288676,
          158.200127
        ]
      },
      {
        "date": "2026-08-07",
        "close": 142.779999,
        "volume": 234600,
        "typical_volume": 439755.0,
        "trend": 175.098239,
        "fair_value": 223.317019,
        "relative_strength": -35.884106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.575513,
        "energy": 28.367351,
        "activity_lines": [
          143.462666,
          141.097738,
          144.350633,
          155.95077
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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."
    }
  }
}