{
  "ticker": {
    "uuid": "b851f546-31ab-4005-a91d-70b58e6c0bf2",
    "symbol": "ET",
    "name": "Evertz Technologies Limited",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 94.004,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 29.011,
    "architecture_energy": 20.308,
    "architecture_maturity": 100.0,
    "architecture_confidence": 86.84,
    "architecture_tenure": "Extended",
    "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": 46.06,
        "rotation_up": 28.06,
        "upward_expansion": 57.91,
        "deceleration": 85.41,
        "rotation_down": 37.82,
        "downward_expansion": 21.57
      },
      "activity_lines": [
        16.515333,
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        16.594607,
        16.421775
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 16.77,
    "trend_reference": 16.022921,
    "distance_from_trend": 0.046626,
    "trend_direction": "Improving",
    "fair_value": 11.831692,
    "distance_from_fair_value": 0.41738,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.728716,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.169287,
    "excess_performance": 0.048866,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046626,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.093,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.41738,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.025725,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.057287,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.089433,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.169287,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.649974,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 176300,
      "relative_activity": 1.626009,
      "balance": 0.649974,
      "dry_up": 1.627853,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.04986,
      "annualized_volatility": 0.242711,
      "from_high_reference": -0.107478,
      "from_low_reference": 0.575257
    },
    "levels": {
      "trend_reference": 16.022921,
      "fair_value_reference": 11.831692,
      "structural_low": 14.233496,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": -0.012929,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.02725,
        "regime_survival": 0.692308,
        "best_return": 0.132155,
        "worst_return": -0.138698,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.033929,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.04452,
        "regime_survival": 0.5,
        "best_return": 0.221059,
        "worst_return": -0.223618,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.00644,
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        "best_return": 0.301073,
        "worst_return": -0.160374,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.010403,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "best_return": 0.203317,
        "worst_return": -0.046279,
        "sufficient": false
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    ],
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        "regime": "balance",
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      {
        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "relative_strength": 18.313107,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 69.016422,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "relative_strength": 10.778597,
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      },
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        "date": "2026-05-29",
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        "volume": 112200,
        "typical_volume": 132055.0,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 11.464848,
        "relative_strength": 11.991349,
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      },
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        "date": "2026-06-12",
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        "trend": 14.984519,
        "fair_value": 11.508215,
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        "gate": "up",
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        "energy": 28.919937,
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      },
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        "date": "2026-06-19",
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        "date": "2026-06-26",
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        "relative_strength": 9.527169,
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        "energy": 29.764553,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 18.295,
        "volume": 46700,
        "typical_volume": 103645.0,
        "trend": 15.483159,
        "fair_value": 11.632356,
        "relative_strength": 21.119793,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "volume": 183400,
        "typical_volume": 104950.0,
        "trend": 15.632979,
        "fair_value": 11.677457,
        "relative_strength": 16.373071,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.795764,
        "energy": 72.053532,
        "activity_lines": [
          17.294287,
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      },
      {
        "date": "2026-07-17",
        "close": 16.799999,
        "volume": 161700,
        "typical_volume": 108290.0,
        "trend": 15.75176,
        "fair_value": 11.717003,
        "relative_strength": 10.242208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.925257,
        "energy": 64.050989,
        "activity_lines": [
          17.243062,
          16.90286,
          16.630847,
          16.328237
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.129999,
        "volume": 165000,
        "typical_volume": 108050.0,
        "trend": 15.836035,
        "fair_value": 11.752407,
        "relative_strength": 5.223613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.745262,
        "energy": 42.307001,
        "activity_lines": [
          16.923129,
          16.801301,
          16.602186,
          16.35264
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.049999,
        "volume": 203000,
        "typical_volume": 106700.0,
        "trend": 15.912378,
        "fair_value": 11.788759,
        "relative_strength": 4.850768,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.819348,
        "energy": 12.08379,
        "activity_lines": [
          16.589666,
          16.692287,
          16.564301,
          16.366444
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.77,
        "volume": 176300,
        "typical_volume": 108425.0,
        "trend": 16.022921,
        "fair_value": 11.831692,
        "relative_strength": 5.728716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 29.011456,
        "energy": 20.307954,
        "activity_lines": [
          16.515333,
          16.714001,
          16.594607,
          16.421775
        ]
      }
    ],
    "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."
    }
  }
}