{
  "ticker": {
    "uuid": "b6dd69ab-9b52-41a7-b4c0-be5d6abe66e5",
    "symbol": "CCL-B",
    "name": "CCL Industries 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 66.801,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 57.697,
    "architecture_energy": 38.378,
    "architecture_maturity": 15.116,
    "architecture_confidence": 73.595,
    "architecture_tenure": "Developing",
    "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": 28.99,
        "rotation_up": 56.53,
        "upward_expansion": 77.6,
        "deceleration": 57.76,
        "rotation_down": 16.84,
        "downward_expansion": 4.27
      },
      "activity_lines": [
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        89.371359,
        88.610599
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 92.059998,
    "trend_reference": 87.680635,
    "distance_from_trend": 0.049947,
    "trend_direction": "Improving",
    "fair_value": 73.947611,
    "distance_from_fair_value": 0.244935,
    "fair_value_direction": "Improving",
    "relative_strength": -3.775988,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.076072,
    "excess_performance": -0.044349,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.049947,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019398,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.244935,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070683,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.03776,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.05422,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.076072,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.138948,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1823400,
      "relative_activity": 1.286658,
      "balance": 1.138948,
      "dry_up": 1.257003,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.043967,
      "annualized_volatility": 0.246955,
      "from_high_reference": -0.037331,
      "from_low_reference": 0.242469
    },
    "levels": {
      "trend_reference": 87.680635,
      "fair_value_reference": 73.947611,
      "structural_low": 81.818217,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "positive_rate": 0.62963,
        "directional_follow_through": 0.62963,
        "median_excess_return": -0.002566,
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        "best_return": 0.076975,
        "worst_return": -0.096511,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.040131,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-04-17",
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      {
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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      },
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 72.971841,
        "relative_strength": -0.999331,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "trend": 87.015225,
        "fair_value": 73.142654,
        "relative_strength": -3.649018,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 54.60893,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 91.199997,
        "volume": 1379300,
        "typical_volume": 1458745.0,
        "trend": 87.213786,
        "fair_value": 73.328854,
        "relative_strength": -2.129446,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.478059,
        "energy": 65.538427,
        "activity_lines": [
          91.156665,
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          88.14935,
          87.734659
        ]
      },
      {
        "date": "2026-07-24",
        "close": 90.699997,
        "volume": 1952300,
        "typical_volume": 1437605.0,
        "trend": 87.365473,
        "fair_value": 73.520489,
        "relative_strength": -2.776482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.435194,
        "energy": 58.459369,
        "activity_lines": [
          91.093998,
          89.868591,
          88.466581,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 92.949997,
        "volume": 1970500,
        "typical_volume": 1431355.0,
        "trend": 87.553655,
        "fair_value": 73.737331,
        "relative_strength": 0.14663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.991262,
        "energy": 49.149278,
        "activity_lines": [
          91.598664,
          90.584649,
          88.977899,
          88.319867
        ]
      },
      {
        "date": "2026-08-07",
        "close": 92.059998,
        "volume": 1823400,
        "typical_volume": 1417160.0,
        "trend": 87.680635,
        "fair_value": 73.947611,
        "relative_strength": -3.775988,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.697183,
        "energy": 38.378482,
        "activity_lines": [
          91.779331,
          91.077886,
          89.371359,
          88.610599
        ]
      }
    ],
    "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."
    }
  }
}