{
  "ticker": {
    "uuid": "c3a8c486-1dc0-4382-95b5-7f89442d0310",
    "symbol": "CMG",
    "name": "Computer Modelling 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": 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": -30.866,
    "architecture_energy": 15.517,
    "architecture_maturity": 100.0,
    "architecture_confidence": 61.847,
    "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": 52.52,
        "rotation_up": 26.2,
        "upward_expansion": 19.02,
        "deceleration": 41.98,
        "rotation_down": 28.06,
        "downward_expansion": 53.02
      },
      "activity_lines": [
        3.812,
        3.780364,
        3.815691,
        3.875376
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 3.82,
    "trend_reference": 4.027688,
    "distance_from_trend": -0.051565,
    "trend_direction": "Weakening",
    "fair_value": 8.05611,
    "distance_from_fair_value": -0.525826,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.897889,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.16207,
    "excess_performance": -0.282491,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.051565,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.10153,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.525826,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003132,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.288979,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.094218,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.16207,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.571364,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 495600,
      "relative_activity": 0.85121,
      "balance": 0.571364,
      "dry_up": 0.922402,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.080486,
      "annualized_volatility": 0.386502,
      "from_high_reference": -0.43987,
      "from_low_reference": 0.123529
    },
    "levels": {
      "trend_reference": 4.027688,
      "fair_value_reference": 8.05611,
      "structural_low": 3.4,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 30,
        "median_return": -0.015859,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.533333,
        "median_excess_return": -0.039381,
        "regime_survival": 0.9,
        "best_return": 0.287383,
        "worst_return": -0.26785,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.090541,
        "regime_survival": 0.7,
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        "worst_return": -0.239793,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 6,
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        "worst_return": -0.405882,
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        "horizon": "Full cycle",
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        "sufficient": false
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        "end": "2023-06-02",
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        "regime": "balance",
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      {
        "date": "2026-04-17",
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        "relative_strength": -30.541865,
        "stage": 4,
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      {
        "date": "2026-07-17",
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        "trend": 4.179389,
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        "relative_strength": -32.101533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.413983,
        "energy": 32.724859,
        "activity_lines": [
          3.76,
          3.769283,
          3.83928,
          3.939985
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      },
      {
        "date": "2026-07-24",
        "close": 3.65,
        "volume": 567800,
        "typical_volume": 649135.0,
        "trend": 4.128477,
        "fair_value": 8.096988,
        "relative_strength": -32.748999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.168053,
        "energy": 30.183474,
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          3.730667,
          3.745638,
          3.816243,
          3.905831
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      },
      {
        "date": "2026-07-31",
        "close": 3.92,
        "volume": 441400,
        "typical_volume": 611745.0,
        "trend": 4.083573,
        "fair_value": 8.078704,
        "relative_strength": -25.894179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.208755,
        "energy": 14.235455,
        "activity_lines": [
          3.802,
          3.772001,
          3.820681,
          3.89238
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.82,
        "volume": 495600,
        "typical_volume": 582230.0,
        "trend": 4.027688,
        "fair_value": 8.05611,
        "relative_strength": -28.897889,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.865766,
        "energy": 15.517344,
        "activity_lines": [
          3.812,
          3.780364,
          3.815691,
          3.875376
        ]
      }
    ],
    "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."
    }
  }
}