{
  "ticker": {
    "uuid": "c311ec2c-54af-4c82-a0e6-4b506c37599e",
    "symbol": "STN",
    "name": "Stantec Inc",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -46.8,
    "architecture_energy": 39.666,
    "architecture_maturity": 100.0,
    "architecture_confidence": 87.989,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 25.97,
        "rotation_up": 27.21,
        "upward_expansion": 18.17,
        "deceleration": 46.65,
        "rotation_down": 37.76,
        "downward_expansion": 65.84
      },
      "activity_lines": [
        70.684,
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        77.225257
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 73.51,
    "trend_reference": 82.717146,
    "distance_from_trend": -0.111309,
    "trend_direction": "Weakening",
    "fair_value": 84.96516,
    "distance_from_fair_value": -0.134822,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.994173,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.273386,
    "excess_performance": -0.39901,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.111309,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.098262,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.134822,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.168718,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.289942,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.05845,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.273386,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.692772,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1593696,
      "relative_activity": 0.795061,
      "balance": 0.692772,
      "dry_up": 1.013023,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.068273,
      "annualized_volatility": 0.334197,
      "from_high_reference": -0.354656,
      "from_low_reference": 0.109417
    },
    "levels": {
      "trend_reference": 82.717146,
      "fair_value_reference": 84.96516,
      "structural_low": 66.26,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.018219,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.004154,
        "regime_survival": 0.823529,
        "best_return": 0.12069,
        "worst_return": -0.172684,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.031102,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.006744,
        "regime_survival": 0.5,
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        "worst_return": -0.180861,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.028932,
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        "worst_return": -0.226142,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.222058,
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        "best_return": 0.376568,
        "worst_return": 0.179515,
        "sufficient": false
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    ],
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-10-04",
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        "return": 0.034421,
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.024729,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
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        "label": "Balance",
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        "regime": "downward_expansion",
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        "end": "2025-03-21",
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        "return": -0.004365,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-04-25",
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        "active": false
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      {
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        "label": "Upward Expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -34.557776,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1937426.0,
        "trend": 85.316704,
        "fair_value": 84.874533,
        "relative_strength": -32.440134,
        "stage": 4,
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        "gate": "down",
        "direction": -64.18252,
        "energy": 60.280175,
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          75.91099,
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      },
      {
        "date": "2026-07-24",
        "close": 67.46,
        "volume": 1744845,
        "typical_volume": 1957355.5,
        "trend": 84.37868,
        "fair_value": 84.883983,
        "relative_strength": -33.330509,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.093545,
        "energy": 60.265953,
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          68.841141,
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          74.710142,
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      },
      {
        "date": "2026-07-31",
        "close": 70.49,
        "volume": 2646480,
        "typical_volume": 2014078.45,
        "trend": 83.532787,
        "fair_value": 84.911852,
        "relative_strength": -30.297109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.432494,
        "energy": 51.606447,
        "activity_lines": [
          69.3,
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          73.905899,
          77.871889
        ]
      },
      {
        "date": "2026-08-07",
        "close": 73.51,
        "volume": 1593696,
        "typical_volume": 2004494.95,
        "trend": 82.717146,
        "fair_value": 84.96516,
        "relative_strength": -28.994173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.800267,
        "energy": 39.66605,
        "activity_lines": [
          70.684,
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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."
    }
  }
}