{
  "ticker": {
    "uuid": "bc692a79-d180-48b3-84c6-a21bc55b97e0",
    "symbol": "CGX",
    "name": "Cineplex 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": 94.519,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.94,
    "architecture_energy": 76.563,
    "architecture_maturity": 28.786,
    "architecture_confidence": 73.644,
    "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": 6.45,
        "rotation_up": 74.99,
        "upward_expansion": 92.39,
        "deceleration": 43.13,
        "rotation_down": 12.11,
        "downward_expansion": 16.72
      },
      "activity_lines": [
        12.448,
        12.160182,
        11.783619,
        11.446086
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 12.75,
    "trend_reference": 10.993,
    "distance_from_trend": 0.159829,
    "trend_direction": "Improving",
    "fair_value": 10.100769,
    "distance_from_fair_value": 0.26228,
    "fair_value_direction": "Improving",
    "relative_strength": 0.592817,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.309035,
    "excess_performance": 0.188614,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.159829,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019444,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.26228,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.071117,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005928,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06962,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.309035,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.888364,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1432700,
      "relative_activity": 1.361022,
      "balance": 0.888364,
      "dry_up": 1.408639,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.049412,
      "annualized_volatility": 0.329543,
      "from_high_reference": -0.03991,
      "from_low_reference": 0.393443
    },
    "levels": {
      "trend_reference": 10.993,
      "fair_value_reference": 10.100769,
      "structural_low": 9.15,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.059473,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.073245,
        "regime_survival": 0.5,
        "best_return": 0.177901,
        "worst_return": -0.220681,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.138314,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.158413,
        "regime_survival": 0.166667,
        "best_return": 0.124862,
        "worst_return": -0.264386,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.140223,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.204672,
        "regime_survival": 0.0,
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        "worst_return": -0.178436,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "median_return": -0.097265,
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        "median_excess_return": -0.236357,
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        "worst_return": -0.30454,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "return": -0.108734,
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        "regime": "rotation_down",
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        "active": false
      },
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 1354375.0,
        "trend": 10.919333,
        "fair_value": 9.887692,
        "relative_strength": -10.279043,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-08",
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        "stage": 2,
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        "direction": 32.597486,
        "energy": 55.593811,
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      },
      {
        "date": "2026-05-15",
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        "fair_value": 9.910064,
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        "direction": 22.748502,
        "energy": 21.896525,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1415560.0,
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        "direction": 10.927121,
        "energy": 11.005051,
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      },
      {
        "date": "2026-05-29",
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        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1293355.0,
        "trend": 10.760333,
        "fair_value": 9.936154,
        "relative_strength": -9.940172,
        "stage": 4,
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        "energy": 11.333454,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1224875.0,
        "trend": 10.746333,
        "fair_value": 9.949679,
        "relative_strength": -5.774896,
        "stage": 3,
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-06-19",
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        "stage": 3,
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        "energy": 55.510085,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 1117250.0,
        "trend": 10.719,
        "fair_value": 9.985064,
        "relative_strength": -6.776684,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.660601,
        "energy": 59.04922,
        "activity_lines": [
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          10.913226
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      },
      {
        "date": "2026-07-03",
        "close": 11.89,
        "volume": 220900,
        "typical_volume": 1021665.0,
        "trend": 10.748333,
        "fair_value": 10.002885,
        "relative_strength": -4.799066,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 67.254901,
        "energy": 68.187313,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 972850.0,
        "trend": 10.775667,
        "fair_value": 10.019295,
        "relative_strength": -5.126144,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.541316,
        "energy": 62.728542,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 11.74,
        "volume": 760700,
        "typical_volume": 922195.0,
        "trend": 10.813333,
        "fair_value": 10.036474,
        "relative_strength": -5.165551,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.591173,
        "energy": 52.962658,
        "activity_lines": [
          11.771333,
          11.627455,
          11.399476,
          11.119484
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.0,
        "volume": 1563200,
        "typical_volume": 958755.0,
        "trend": 10.856667,
        "fair_value": 10.055449,
        "relative_strength": -2.962748,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.923477,
        "energy": 56.035025,
        "activity_lines": [
          11.852,
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          11.483857,
          11.196043
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.92,
        "volume": 2174700,
        "typical_volume": 1033620.0,
        "trend": 10.937667,
        "fair_value": 10.078846,
        "relative_strength": 5.131942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.558407,
        "energy": 73.613653,
        "activity_lines": [
          12.222,
          11.981636,
          11.648714,
          11.329161
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.75,
        "volume": 1432700,
        "typical_volume": 1052665.0,
        "trend": 10.993,
        "fair_value": 10.100769,
        "relative_strength": 0.592817,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.939862,
        "energy": 76.562505,
        "activity_lines": [
          12.448,
          12.160182,
          11.783619,
          11.446086
        ]
      }
    ],
    "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."
    }
  }
}