{
  "ticker": {
    "uuid": "bd4f30b7-844d-49ac-aff8-0112f1cfb9eb",
    "symbol": "CGY",
    "name": "Calian Group 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 38.307,
    "architecture_energy": 20.472,
    "architecture_maturity": 54.158,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 44.3,
        "rotation_up": 28.17,
        "upward_expansion": 55.36,
        "deceleration": 87.65,
        "rotation_down": 32.42,
        "downward_expansion": 19.02
      },
      "activity_lines": [
        79.807999,
        80.552181,
        80.205882,
        78.67787
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 83.0,
    "trend_reference": 75.80076,
    "distance_from_trend": 0.094976,
    "trend_direction": "Improving",
    "fair_value": 54.305688,
    "distance_from_fair_value": 0.528385,
    "fair_value_direction": "Improving",
    "relative_strength": 13.48263,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.329159,
    "excess_performance": 0.208738,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.094976,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.135516,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.528385,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204511,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.134826,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.038178,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.329159,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.566547,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 97700,
      "relative_activity": 0.770596,
      "balance": 4.566547,
      "dry_up": 0.778878,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.072851,
      "annualized_volatility": 0.45175,
      "from_high_reference": -0.101148,
      "from_low_reference": 0.870838
    },
    "levels": {
      "trend_reference": 75.80076,
      "fair_value_reference": 54.305688,
      "structural_low": 62.097922,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.018639,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.011304,
        "regime_survival": 0.533333,
        "best_return": 0.257855,
        "worst_return": -0.151483,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.006602,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.003825,
        "regime_survival": 0.25,
        "best_return": 0.26284,
        "worst_return": -0.154384,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.03964,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.000591,
        "regime_survival": 0.2,
        "best_return": 0.40992,
        "worst_return": -0.000346,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.079217,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.08398,
        "regime_survival": 0.333333,
        "best_return": -0.064149,
        "worst_return": -0.092399,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-06",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.013808,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.096447,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-21",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.035753,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.006712,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": 0.091264,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": -0.178504,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.203781,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.030303,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.000701,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": 0.15722,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-04-03",
        "tenure": "Established",
        "return": 0.253898,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2026-05-22",
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        "return": 0.182707,
        "active": false
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      {
        "regime": "upward_expansion",
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        "end": "2026-07-10",
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        "return": -0.12287,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.079043,
        "active": true
      }
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      },
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        "date": "2026-04-24",
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      },
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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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        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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        "trend": 67.977886,
        "fair_value": 52.940446,
        "relative_strength": 28.445083,
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 24.082781,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 167095.0,
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        "fair_value": 53.608535,
        "relative_strength": 22.236114,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 153370.0,
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        "fair_value": 53.752773,
        "relative_strength": 15.6887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 43.667817,
        "energy": 29.112678,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 76.919998,
        "volume": 112700,
        "typical_volume": 147535.0,
        "trend": 73.514157,
        "fair_value": 53.858294,
        "relative_strength": 9.850148,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.111494,
        "energy": 23.285954,
        "activity_lines": [
          80.659332,
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          77.60456
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      },
      {
        "date": "2026-07-24",
        "close": 77.93,
        "volume": 98500,
        "typical_volume": 138380.0,
        "trend": 74.224953,
        "fair_value": 53.982145,
        "relative_strength": 10.579843,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.273151,
        "energy": 18.264103,
        "activity_lines": [
          79.631999,
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          79.650929,
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      },
      {
        "date": "2026-07-31",
        "close": 78.419998,
        "volume": 86100,
        "typical_volume": 128680.0,
        "trend": 74.974592,
        "fair_value": 54.106429,
        "relative_strength": 11.267301,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.921271,
        "energy": 19.862653,
        "activity_lines": [
          78.737332,
          80.400363,
          79.713715,
          78.160101
        ]
      },
      {
        "date": "2026-08-07",
        "close": 83.0,
        "volume": 97700,
        "typical_volume": 126785.0,
        "trend": 75.80076,
        "fair_value": 54.305688,
        "relative_strength": 13.48263,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.307197,
        "energy": 20.472257,
        "activity_lines": [
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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."
    }
  }
}