{
  "ticker": {
    "uuid": "af1bbf6a-313c-4609-97f6-e98ba9a6a937",
    "symbol": "MDP",
    "name": "Medexus Pharmaceuticals 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": 67.031,
    "architecture_energy": 65.24,
    "architecture_maturity": 73.394,
    "architecture_confidence": 84.337,
    "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": 4.54,
        "rotation_up": 67.63,
        "upward_expansion": 87.67,
        "deceleration": 62.48,
        "rotation_down": 19.22,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        5.056667,
        4.906,
        4.547714,
        4.238882
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.833333
    },
    "latest_close": 5.06,
    "trend_reference": 3.816667,
    "distance_from_trend": 0.325764,
    "trend_direction": "Improving",
    "fair_value": 2.783077,
    "distance_from_fair_value": 0.818132,
    "fair_value_direction": "Improving",
    "relative_strength": 33.52897,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.78169,
    "excess_performance": 0.661269,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.325764,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.202226,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.818132,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.24103,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.33529,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.140744,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.78169,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.556247,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 217900,
      "relative_activity": 1.114892,
      "balance": 0.556247,
      "dry_up": 0.963442,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.069778,
      "annualized_volatility": 0.37301,
      "from_high_reference": -0.03619,
      "from_low_reference": 1.048583
    },
    "levels": {
      "trend_reference": 3.816667,
      "fair_value_reference": 2.783077,
      "structural_low": 2.65,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.012524,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.044084,
        "regime_survival": 0.785714,
        "best_return": 0.524823,
        "worst_return": -0.281395,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.070213,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.117534,
        "regime_survival": 0.25,
        "best_return": 0.377049,
        "worst_return": -0.366438,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.045307,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.140362,
        "regime_survival": 0.333333,
        "best_return": 0.314894,
        "worst_return": -0.359589,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.036906,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.11494,
        "regime_survival": 0.0,
        "best_return": 0.255319,
        "worst_return": -0.181507,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
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        "end": "2024-07-12",
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        "return": 0.263736,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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        "active": false
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      {
        "regime": "deceleration",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.114983,
        "active": false
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      {
        "regime": "rotation_down",
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        "end": "2025-05-09",
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        "return": 0.081481,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-05-23",
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        "return": 0.022305,
        "active": false
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        "activity_lines": [
          3.948,
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          3.362381,
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      },
      {
        "date": "2026-05-08",
        "close": 4.03,
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        "typical_volume": 241585.0,
        "trend": 3.057667,
        "fair_value": 2.555321,
        "relative_strength": 19.454525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 248610.0,
        "trend": 3.101333,
        "fair_value": 2.572692,
        "relative_strength": 19.373687,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 68.259841,
        "energy": 67.883949,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 241250.0,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 3.88,
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        "typical_volume": 240525.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 233250.0,
        "trend": 3.215667,
        "fair_value": 2.624808,
        "relative_strength": 14.222904,
        "stage": 2,
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        "energy": 42.688072,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 13600,
        "typical_volume": 223390.0,
        "trend": 3.259333,
        "fair_value": 2.642821,
        "relative_strength": 15.29171,
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 79300,
        "typical_volume": 205335.0,
        "trend": 3.356667,
        "fair_value": 2.67609,
        "relative_strength": 20.594084,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.698266,
        "energy": 51.056009,
        "activity_lines": [
          4.102,
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          3.871905,
          3.646301
        ]
      },
      {
        "date": "2026-07-03",
        "close": 5.14,
        "volume": 61500,
        "typical_volume": 198430.0,
        "trend": 3.437333,
        "fair_value": 2.696731,
        "relative_strength": 45.597174,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.757202,
        "energy": 90.356565,
        "activity_lines": [
          4.468667,
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          3.761355
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5.19,
        "volume": 249400,
        "typical_volume": 202745.0,
        "trend": 3.523333,
        "fair_value": 2.717179,
        "relative_strength": 45.69279,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.152467,
        "energy": 95.593319,
        "activity_lines": [
          4.768,
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          4.153238,
          3.87443
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      },
      {
        "date": "2026-07-17",
        "close": 5.08,
        "volume": 191300,
        "typical_volume": 202940.0,
        "trend": 3.604,
        "fair_value": 2.736538,
        "relative_strength": 41.660503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.934076,
        "energy": 91.838883,
        "activity_lines": [
          4.945333,
          4.591818,
          4.269429,
          3.97486
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.04,
        "volume": 136800,
        "typical_volume": 193270.0,
        "trend": 3.679667,
        "fair_value": 2.755769,
        "relative_strength": 39.095805,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.719522,
        "energy": 88.796565,
        "activity_lines": [
          5.038,
          4.715273,
          4.371333,
          4.067505
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.02,
        "volume": 207200,
        "typical_volume": 190015.0,
        "trend": 3.744,
        "fair_value": 2.769359,
        "relative_strength": 37.965071,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.771372,
        "energy": 83.967616,
        "activity_lines": [
          5.068,
          4.816364,
          4.462095,
          4.153978
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.06,
        "volume": 217900,
        "typical_volume": 195445.0,
        "trend": 3.816667,
        "fair_value": 2.783077,
        "relative_strength": 33.52897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.030576,
        "energy": 65.239733,
        "activity_lines": [
          5.056667,
          4.906,
          4.547714,
          4.238882
        ]
      }
    ],
    "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."
    }
  }
}