{ "ticker": { "uuid": "abaa1799-ca5a-4cef-bc06-6c930fd7a927", "symbol": "SOBO", "name": "South Bow Corporation", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 54.643, "architecture_energy": 39.524, "architecture_maturity": 15.155, "architecture_confidence": 74.559, "architecture_tenure": "New", "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": 32.0, "rotation_up": 52.0, "upward_expansion": 75.31, "deceleration": 62.9, "rotation_down": 19.69, "downward_expansion": 4.31 }, "activity_lines": [ 36.918667, 36.607899, 36.111447, 35.234947 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 35.62, "trend_reference": 33.630252, "distance_from_trend": 0.059165, "trend_direction": "Improving", "fair_value": 27.108858, "distance_from_fair_value": 0.313962, "fair_value_direction": "Weakening", "relative_strength": 4.306637, "relative_strength_direction": "Weakening", "price_momentum": 0.239017, "excess_performance": 0.113392, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059165, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.109851, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.313962, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.02023, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043066, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.060137, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.239017, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.111226, "read": "Demand-led" } ], "volume": { "latest": 3152507, "relative_activity": 0.713208, "balance": 2.111226, "dry_up": 0.639201, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.059844, "annualized_volatility": 0.264984, "from_high_reference": -0.085259, "from_low_reference": 0.47162 }, "levels": { "trend_reference": 33.630252, "fair_value_reference": 27.108858, "structural_low": 28.521999, 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{ "date": "2026-07-24", "close": 38.5, "volume": 2223041, "typical_volume": 4582989.35, "trend": 32.978655, "fair_value": 26.914098, "relative_strength": 18.684955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.635503, "energy": 46.39863, "activity_lines": [ 37.131893, 36.660872, 35.878814, 34.819338 ] }, { "date": "2026-07-31", "close": 37.1, "volume": 2463123, "typical_volume": 4444545.35, "trend": 33.299399, "fair_value": 27.020201, "relative_strength": 12.688262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.825801, "energy": 46.915148, "activity_lines": [ 37.306667, 36.763968, 36.075381, 35.085231 ] }, { "date": "2026-08-07", "close": 35.62, "volume": 3152507, "typical_volume": 4420176.65, "trend": 33.630252, "fair_value": 27.108858, "relative_strength": 4.306637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.642962, "energy": 39.524271, "activity_lines": [ 36.918667, 36.607899, 36.111447, 35.234947 ] } ], "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." } } }