{
  "ticker": {
    "uuid": "d8a88449-f4a6-45b1-a51b-6c31a13d5948",
    "symbol": "ICE",
    "name": "Canlan Ice Sports Corp.",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 75.664,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 36.579,
    "architecture_energy": 19.887,
    "architecture_maturity": 34.949,
    "architecture_confidence": 78.271,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 38.66,
        "rotation_up": 27.21,
        "upward_expansion": 57.84,
        "deceleration": 85.45,
        "rotation_down": 27.01,
        "downward_expansion": 19.17
      },
      "activity_lines": [
        4.360667,
        4.402686,
        4.353003,
        4.297814
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 4.3,
    "trend_reference": 4.254262,
    "distance_from_trend": 0.010751,
    "trend_direction": "Improving",
    "fair_value": 3.425122,
    "distance_from_fair_value": 0.25543,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.111981,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.05394,
    "excess_performance": -0.066481,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.010751,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019304,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.25543,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.004072,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.07112,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.040427,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.05394,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.474576,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.474576,
      "dry_up": 0.133333,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.031894,
      "annualized_volatility": 0.244339,
      "from_high_reference": -0.075444,
      "from_low_reference": 0.286951
    },
    "levels": {
      "trend_reference": 4.254262,
      "fair_value_reference": 3.425122,
      "structural_low": 3.95,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.002688,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.014062,
        "regime_survival": 0.4375,
        "best_return": 0.177143,
        "worst_return": -0.103448,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.005376,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.016172,
        "regime_survival": 0.222222,
        "best_return": 0.103666,
        "worst_return": -0.071795,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.010352,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.052164,
        "regime_survival": 0.0,
        "best_return": 0.154652,
        "worst_return": -0.130769,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.052797,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.030496,
        "regime_survival": 0.0,
        "best_return": 0.392594,
        "worst_return": -0.141026,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.041752,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.03599,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.066667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.013513,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.038961,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.075273,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-12-12",
        "tenure": "Established",
        "return": 0.240032,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.094428,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.022727,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": 0.11734,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-19",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.05893,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 3.336222,
        "volume": 40000,
        "typical_volume": 3835.0,
        "trend": 2.852096,
        "fair_value": 2.698191,
        "relative_strength": 20.37116,
        "stage": 2,
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        "modifier": "Early expansion",
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        "energy": 87.311031,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 3850.0,
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      },
      {
        "date": "2023-09-01",
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      {
        "date": "2024-01-12",
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        "date": "2024-01-19",
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      {
        "date": "2026-05-01",
        "close": 4.27127,
        "volume": 2300,
        "typical_volume": 3705.0,
        "trend": 4.150427,
        "fair_value": 3.302408,
        "relative_strength": -0.227763,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.541301,
        "energy": 10.881828,
        "activity_lines": [
          4.135757,
          4.098577,
          4.135336,
          4.149624
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4.171937,
        "volume": 6200,
        "typical_volume": 3615.0,
        "trend": 4.170193,
        "fair_value": 3.312372,
        "relative_strength": -3.069318,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -23.477443,
        "energy": 16.773072,
        "activity_lines": [
          4.163651,
          4.112745,
          4.137048,
          4.151011
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.02294,
        "volume": 3800,
        "typical_volume": 3455.0,
        "trend": 4.165502,
        "fair_value": 3.321333,
        "relative_strength": -5.964491,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -34.212212,
        "energy": 21.262359,
        "activity_lines": [
          4.130417,
          4.09887,
          4.123708,
          4.141511
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4.311002,
        "volume": 10400,
        "typical_volume": 3605.0,
        "trend": 4.177501,
        "fair_value": 3.332141,
        "relative_strength": -1.319048,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 21.264584,
        "energy": 17.940173,
        "activity_lines": [
          4.193008,
          4.138768,
          4.138354,
          4.150898
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4.221603,
        "volume": 4700,
        "typical_volume": 3820.0,
        "trend": 4.173693,
        "fair_value": 3.340349,
        "relative_strength": -4.287005,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 12.910924,
        "energy": 13.980846,
        "activity_lines": [
          4.202399,
          4.16164,
          4.143575,
          4.153744
        ]
      },
      {
        "date": "2026-06-05",
        "close": 4.450067,
        "volume": 200,
        "typical_volume": 3665.0,
        "trend": 4.17553,
        "fair_value": 3.350115,
        "relative_strength": 1.764915,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 33.290937,
        "energy": 37.546502,
        "activity_lines": [
          4.285838,
          4.22203,
          4.170636,
          4.171574
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4.469933,
        "volume": 5500,
        "typical_volume": 3820.0,
        "trend": 4.178029,
        "fair_value": 3.361801,
        "relative_strength": 0.532668,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 71.980621,
        "energy": 68.588693,
        "activity_lines": [
          4.363979,
          4.27804,
          4.199197,
          4.190568
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4.569265,
        "volume": 100,
        "typical_volume": 3720.0,
        "trend": 4.189094,
        "fair_value": 3.374028,
        "relative_strength": 2.478857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.145649,
        "energy": 78.43102,
        "activity_lines": [
          4.455364,
          4.343565,
          4.236731,
          4.215809
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.46,
        "volume": 0,
        "typical_volume": 3555.0,
        "trend": 4.196517,
        "fair_value": 3.383798,
        "relative_strength": -0.094038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.721067,
        "energy": 75.04312,
        "activity_lines": [
          4.473906,
          4.379237,
          4.262192,
          4.233287
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.47,
        "volume": 0,
        "typical_volume": 3415.0,
        "trend": 4.210843,
        "fair_value": 3.393632,
        "relative_strength": -0.667895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.673369,
        "energy": 75.218457,
        "activity_lines": [
          4.485849,
          4.407637,
          4.286795,
          4.250931
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.36,
        "volume": 2900,
        "typical_volume": 3540.0,
        "trend": 4.219532,
        "fair_value": 3.402334,
        "relative_strength": -3.288395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.071969,
        "energy": 55.792079,
        "activity_lines": [
          4.444564,
          4.410946,
          4.300435,
          4.260554
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.44,
        "volume": 100,
        "typical_volume": 3440.0,
        "trend": 4.2345,
        "fair_value": 3.41131,
        "relative_strength": -1.367951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.772548,
        "energy": 39.084473,
        "activity_lines": [
          4.435951,
          4.427187,
          4.321163,
          4.274778
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.49,
        "volume": 1100,
        "typical_volume": 3350.0,
        "trend": 4.246208,
        "fair_value": 3.419894,
        "relative_strength": -0.551504,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.735984,
        "energy": 35.931707,
        "activity_lines": [
          4.446,
          4.447645,
          4.345129,
          4.291261
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.3,
        "volume": 400,
        "typical_volume": 3190.0,
        "trend": 4.25222,
        "fair_value": 3.422508,
        "relative_strength": -4.143479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.363708,
        "energy": 22.920543,
        "activity_lines": [
          4.398,
          4.425065,
          4.349141,
          4.294732
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.3,
        "volume": 0,
        "typical_volume": 3000.0,
        "trend": 4.254262,
        "fair_value": 3.425122,
        "relative_strength": -7.111981,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.579271,
        "energy": 19.887129,
        "activity_lines": [
          4.360667,
          4.402686,
          4.353003,
          4.297814
        ]
      }
    ],
    "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."
    }
  }
}