{
  "ticker": {
    "uuid": "dd62ae67-48f3-4a1d-9191-0e89ad47a761",
    "symbol": "MRU",
    "name": "Metro 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": 87.989,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -33.351,
    "architecture_energy": 14.72,
    "architecture_maturity": 15.02,
    "architecture_confidence": 67.846,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 46.09,
        "rotation_up": 28.67,
        "upward_expansion": 22.97,
        "deceleration": 29.2,
        "rotation_down": 33.81,
        "downward_expansion": 54.64
      },
      "activity_lines": [
        92.249332,
        92.333999,
        91.752626,
        92.141618
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 90.349998,
    "trend_reference": 92.925914,
    "distance_from_trend": -0.02772,
    "trend_direction": "Weakening",
    "fair_value": 85.456941,
    "distance_from_fair_value": 0.057258,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.023082,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.047932,
    "excess_performance": -0.168353,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.02772,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.018583,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.057258,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.006605,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.150231,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043146,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.047932,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.567417,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2513200,
      "relative_activity": 1.25914,
      "balance": 1.567417,
      "dry_up": 1.105944,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.036036,
      "annualized_volatility": 0.142158,
      "from_high_reference": -0.136013,
      "from_low_reference": 0.037075
    },
    "levels": {
      "trend_reference": 92.925914,
      "fair_value_reference": 85.456941,
      "structural_low": 87.120003,
      "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": 16,
        "median_return": -0.007718,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.013925,
        "regime_survival": 0.625,
        "best_return": 0.075613,
        "worst_return": -0.081175,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.017349,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.017455,
        "regime_survival": 0.285714,
        "best_return": 0.074854,
        "worst_return": -0.044186,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.009862,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.062544,
        "regime_survival": 0.0,
        "best_return": 0.162412,
        "worst_return": -0.066777,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.107478,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.014122,
        "regime_survival": 0.5,
        "best_return": 0.130846,
        "worst_return": 0.08411,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.030455,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-02-23",
        "end": "2024-03-08",
        "tenure": "New",
        "return": 0.004207,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-15",
        "end": "2024-04-12",
        "tenure": "Developing",
        "return": -0.044778,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-19",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.076779,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": 0.104612,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.043059,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.006018,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.012584,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-08-29",
        "tenure": "Extended",
        "return": 0.080448,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-05",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.043572,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.062688,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-04-17",
        "tenure": "Established",
        "return": -0.06293,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-24",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.006161,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.035135,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 2157690.0,
        "trend": 69.10104,
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        "date": "2023-08-25",
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      },
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 88.470001,
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        "typical_volume": 2664305.0,
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      },
      {
        "date": "2026-06-05",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
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        "fair_value": 84.833124,
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        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 6.740173,
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      },
      {
        "date": "2026-07-17",
        "close": 94.019997,
        "volume": 2174900,
        "typical_volume": 2066705.0,
        "trend": 93.481379,
        "fair_value": 84.982887,
        "relative_strength": -10.876264,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.782345,
        "energy": 9.240387,
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          92.829999,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 92.529999,
        "volume": 1760500,
        "typical_volume": 2018485.0,
        "trend": 93.329082,
        "fair_value": 85.140049,
        "relative_strength": -11.889007,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.979367,
        "energy": 10.546335,
        "activity_lines": [
          92.856666,
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          91.786935,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 93.18,
        "volume": 2381100,
        "typical_volume": 1999060.0,
        "trend": 93.164093,
        "fair_value": 85.311193,
        "relative_strength": -10.217413,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.776888,
        "energy": 12.754475,
        "activity_lines": [
          93.031332,
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          91.901208,
          92.323173
        ]
      },
      {
        "date": "2026-08-07",
        "close": 90.349998,
        "volume": 2513200,
        "typical_volume": 1995965.0,
        "trend": 92.925914,
        "fair_value": 85.456941,
        "relative_strength": -15.023082,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.35061,
        "energy": 14.720359,
        "activity_lines": [
          92.249332,
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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."
    }
  }
}