{
  "ticker": {
    "uuid": "b945fbcd-7ac8-41c0-a483-5852b093c453",
    "symbol": "BDGI",
    "name": "Badger Infrastructure Solutions Ltd.",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 48.74,
    "architecture_energy": 41.99,
    "architecture_maturity": 81.951,
    "architecture_confidence": 59.998,
    "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": 24.46,
        "rotation_up": 41.84,
        "upward_expansion": 68.5,
        "deceleration": 65.41,
        "rotation_down": 27.14,
        "downward_expansion": 18.5
      },
      "activity_lines": [
        91.708667,
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        88.529032,
        83.510194
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 88.82,
    "trend_reference": 78.654898,
    "distance_from_trend": 0.129237,
    "trend_direction": "Improving",
    "fair_value": 51.156884,
    "distance_from_fair_value": 0.736228,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.795651,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.292875,
    "excess_performance": 0.172454,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.129237,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.084566,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.736228,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.090974,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.077957,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.113072,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.292875,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.942104,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 645600,
      "relative_activity": 1.068229,
      "balance": 0.942104,
      "dry_up": 1.395969,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.067625,
      "annualized_volatility": 0.408447,
      "from_high_reference": -0.106978,
      "from_low_reference": 0.682263
    },
    "levels": {
      "trend_reference": 78.654898,
      "fair_value_reference": 51.156884,
      "structural_low": 59.92775,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.013119,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.009506,
        "regime_survival": 0.851852,
        "best_return": 0.206393,
        "worst_return": -0.169765,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "best_return": 0.344614,
        "worst_return": -0.079024,
        "sufficient": true
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        "horizon": "Extended",
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        "regime": "downward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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      },
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 891935.0,
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      },
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        "date": "2026-06-05",
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        "fair_value": 47.477428,
        "relative_strength": 20.67061,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 844735.0,
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        "fair_value": 47.904963,
        "relative_strength": 21.121905,
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        "energy": 91.858624,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 715285.0,
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        "fair_value": 49.189195,
        "relative_strength": 21.160366,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
        "close": 91.800003,
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        "typical_volume": 707320.0,
        "trend": 76.174925,
        "fair_value": 49.59003,
        "relative_strength": 17.489018,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.956491,
        "energy": 65.216839,
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      },
      {
        "date": "2026-07-17",
        "close": 94.589996,
        "volume": 721900,
        "typical_volume": 705690.0,
        "trend": 76.882041,
        "fair_value": 50.00213,
        "relative_strength": 20.426475,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.670939,
        "energy": 66.117362,
        "activity_lines": [
          93.439528,
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          85.015342,
          80.718679
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      },
      {
        "date": "2026-07-24",
        "close": 98.370003,
        "volume": 612700,
        "typical_volume": 670400.0,
        "trend": 77.681022,
        "fair_value": 50.439441,
        "relative_strength": 23.9892,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.000497,
        "energy": 67.822612,
        "activity_lines": [
          95.206753,
          93.373166,
          86.935945,
          82.104999
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      },
      {
        "date": "2026-07-31",
        "close": 88.860001,
        "volume": 1394500,
        "typical_volume": 679545.0,
        "trend": 78.218467,
        "fair_value": 50.801509,
        "relative_strength": 11.888506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.938695,
        "energy": 53.184623,
        "activity_lines": [
          93.270001,
          92.884921,
          87.798912,
          82.826224
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      },
      {
        "date": "2026-08-07",
        "close": 88.82,
        "volume": 645600,
        "typical_volume": 604365.0,
        "trend": 78.654898,
        "fair_value": 51.156884,
        "relative_strength": 7.795651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.74015,
        "energy": 41.989577,
        "activity_lines": [
          91.708667,
          92.314897,
          88.529032,
          83.510194
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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."
    }
  }
}