{ "ticker": { "uuid": "c7f97005-37db-497c-98a9-3240a5dcc664", "symbol": "PPL", "name": "Pembina Pipeline Corporation", "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 61.338, "architecture_energy": 50.416, "architecture_maturity": 29.39, "architecture_confidence": 81.601, "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": 14.73, "rotation_up": 59.56, "upward_expansion": 80.11, "deceleration": 56.51, "rotation_down": 19.91, "downward_expansion": 6.78 }, "activity_lines": [ 68.914666, 68.453086, 66.88107, 65.310849 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 66.269997, "trend_reference": 62.914174, "distance_from_trend": 0.05334, "trend_direction": "Improving", "fair_value": 50.209789, "distance_from_fair_value": 0.319862, "fair_value_direction": "Improving", "relative_strength": 1.382001, "relative_strength_direction": "Weakening", "price_momentum": 0.150821, "excess_performance": 0.030399, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05334, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.092687, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.319862, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018192, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01382, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.011109, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.150821, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.370415, "read": "Demand-led" } ], "volume": { "latest": 10664700, "relative_activity": 1.304288, "balance": 1.370415, "dry_up": 1.189913, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.044405, "annualized_volatility": 0.26049, "from_high_reference": -0.088696, "from_low_reference": 0.409762 }, "levels": { "trend_reference": 62.914174, "fair_value_reference": 50.209789, "structural_low": 56.528529, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.016292, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.005, "regime_survival": 0.8125, "best_return": 0.096336, "worst_return": -0.098953, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.046433, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.00973, "regime_survival": 0.5, "best_return": 0.210156, "worst_return": -0.113242, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.152654, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.023851, "regime_survival": 0.428571, "best_return": 0.196945, "worst_return": -0.0997, "sufficient": true }, { "horizon": "Full 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82.510459, "energy": 82.251967, "activity_lines": [ 70.125999, 68.550478, 66.393628, 64.629938 ] }, { "date": "2026-07-31", "close": 68.540001, "volume": 9008700, "typical_volume": 8688235.0, "trend": 62.397668, "fair_value": 50.019245, "relative_strength": 8.438872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.980425, "energy": 69.349415, "activity_lines": [ 69.952, 68.715731, 66.76442, 65.061021 ] }, { "date": "2026-08-07", "close": 66.269997, "volume": 10664700, "typical_volume": 8176645.0, "trend": 62.914174, "fair_value": 50.209789, "relative_strength": 1.382001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.338327, "energy": 50.415898, "activity_lines": [ 68.914666, 68.453086, 66.88107, 65.310849 ] } ], "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." } } }