{
  "ticker": {
    "uuid": "cf849211-5a1b-4f40-8bcc-9c4026e38176",
    "symbol": "AFN",
    "name": "Ag Growth International 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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -82.504,
    "architecture_energy": 89.863,
    "architecture_maturity": 34.0,
    "architecture_confidence": 81.128,
    "architecture_tenure": "Developing",
    "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": 10.79,
        "rotation_up": 8.7,
        "upward_expansion": 21.08,
        "deceleration": 37.3,
        "rotation_down": 82.62,
        "downward_expansion": 96.75
      },
      "activity_lines": [
        16.478666,
        17.959636,
        19.503238,
        20.566172
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 15.18,
    "trend_reference": 22.634,
    "distance_from_trend": -0.329328,
    "trend_direction": "Weakening",
    "fair_value": 40.848028,
    "distance_from_fair_value": -0.628379,
    "fair_value_direction": "Weakening",
    "relative_strength": -49.613896,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.488027,
    "excess_performance": -0.608448,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.329328,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061718,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.628379,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.174498,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.496139,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.150682,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.488027,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.629804,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 813600,
      "relative_activity": 1.382439,
      "balance": 0.629804,
      "dry_up": 1.506223,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.125165,
      "annualized_volatility": 0.766922,
      "from_high_reference": -0.646533,
      "from_low_reference": 0.14566
    },
    "levels": {
      "trend_reference": 22.634,
      "fair_value_reference": 40.848028,
      "structural_low": 13.25,
      "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": 26,
        "median_return": 0.019427,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.000287,
        "regime_survival": 0.692308,
        "best_return": 0.310222,
        "worst_return": -0.119709,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.119024,
        "positive_rate": 0.7,
        "directional_follow_through": 0.3,
        "median_excess_return": 0.031784,
        "regime_survival": 0.4,
        "best_return": 0.424142,
        "worst_return": -0.21102,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.186263,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.080574,
        "regime_survival": 0.166667,
        "best_return": 0.504924,
        "worst_return": -0.016142,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.056308,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.07561,
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        "best_return": 0.629063,
        "worst_return": -0.265555,
        "sufficient": false
      }
    ],
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        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2024-07-26",
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        "return": 0.099771,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-10-25",
        "tenure": "Established",
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      },
      {
        "regime": "downward_expansion",
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        "tenure": "New",
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      },
      {
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        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": -0.05489,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-25",
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        "return": 0.066603,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.023158,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.12966,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-11-07",
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        "return": -0.13725,
        "active": false
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 474835.0,
        "trend": 23.561679,
        "fair_value": 41.577944,
        "relative_strength": -35.663265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.630402,
        "energy": 68.377029,
        "activity_lines": [
          19.820666,
          20.498727,
          20.889762,
          21.994904
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      },
      {
        "date": "2026-07-24",
        "close": 19.33,
        "volume": 218700,
        "typical_volume": 470315.0,
        "trend": 23.431,
        "fair_value": 41.363765,
        "relative_strength": -37.322199,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.202625,
        "energy": 62.622145,
        "activity_lines": [
          19.608666,
          20.133273,
          20.703286,
          21.721892
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.43,
        "volume": 2251800,
        "typical_volume": 567365.0,
        "trend": 23.092667,
        "fair_value": 41.116716,
        "relative_strength": -55.103547,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.332312,
        "energy": 85.07336,
        "activity_lines": [
          17.533333,
          18.801818,
          19.991619,
          21.076667
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.18,
        "volume": 813600,
        "typical_volume": 588525.0,
        "trend": 22.634,
        "fair_value": 40.848028,
        "relative_strength": -49.613896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.504266,
        "energy": 89.863417,
        "activity_lines": [
          16.478666,
          17.959636,
          19.503238,
          20.566172
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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."
    }
  }
}