{ "ticker": { "uuid": "d00b7d3e-50ce-4c9b-98e6-69a50beebd4e", "symbol": "HR-UN", "name": "H&R Real Estate Investment Trust", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 73.406, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 57.449, "architecture_energy": 42.72, "architecture_maturity": 34.725, "architecture_confidence": 56.279, "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": 20.72, "rotation_up": 47.29, "upward_expansion": 77.19, "deceleration": 67.31, "rotation_down": 24.33, "downward_expansion": 6.19 }, "activity_lines": [ 11.049267, 11.036877, 10.817698, 10.6498 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 11.04, "trend_reference": 10.506283, "distance_from_trend": 0.0508, "trend_direction": "Improving", "fair_value": 9.669087, "distance_from_fair_value": 0.141783, "fair_value_direction": "Improving", "relative_strength": -7.844339, "relative_strength_direction": "Improving", "price_momentum": 0.038416, "excess_performance": -0.082005, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0508, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029283, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.141783, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029067, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078443, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.035876, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.038416, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.158996, "read": "Demand-led" } ], "volume": { "latest": 3015200, "relative_activity": 1.302392, "balance": 1.158996, "dry_up": 1.093526, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.031876, "annualized_volatility": 0.161393, "from_high_reference": -0.059684, "from_low_reference": 0.216097 }, "levels": { "trend_reference": 10.506283, "fair_value_reference": 9.669087, "structural_low": 9.588015, 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11.129595, "volume": 1781400, "typical_volume": 2402895.0, "trend": 10.464059, "fair_value": 9.64407, "relative_strength": -5.488011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.595656, "energy": 62.997181, "activity_lines": [ 11.06985, 10.973156, 10.718704, 10.578851 ] }, { "date": "2026-07-31", "close": 11.02, "volume": 2710000, "typical_volume": 2404470.0, "trend": 10.496227, "fair_value": 9.656317, "relative_strength": -5.521381, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.812861, "energy": 45.767049, "activity_lines": [ 11.056562, 11.010617, 10.76986, 10.614718 ] }, { "date": "2026-08-07", "close": 11.04, "volume": 3015200, "typical_volume": 2315125.0, "trend": 10.506283, "fair_value": 9.669087, "relative_strength": -7.844339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.449438, "energy": 42.720012, "activity_lines": [ 11.049267, 11.036877, 10.817698, 10.6498 ] } ], "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." } } }