{
  "ticker": {
    "uuid": "e0893ede-eab2-4a3a-9377-e2c6464c62a5",
    "symbol": "ACB",
    "name": "Aurora Cannabis 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.62,
    "architecture_energy": 53.945,
    "architecture_maturity": 72.295,
    "architecture_confidence": 90.987,
    "architecture_tenure": "Extended",
    "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": 8.22,
        "rotation_up": 21.94,
        "upward_expansion": 8.46,
        "deceleration": 48.37,
        "rotation_down": 57.99,
        "downward_expansion": 81.79
      },
      "activity_lines": [
        3.922667,
        3.966364,
        4.221238,
        4.382172
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 4.15,
    "trend_reference": 4.65,
    "distance_from_trend": -0.107527,
    "trend_direction": "Weakening",
    "fair_value": 6.535128,
    "distance_from_fair_value": -0.36497,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.530083,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.129979,
    "excess_performance": -0.2504,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.107527,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.14101,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.36497,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.048619,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.345301,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005173,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.129979,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.335725,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2814100,
      "relative_activity": 1.951154,
      "balance": 1.335725,
      "dry_up": 1.234213,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.074977,
      "annualized_volatility": 0.344042,
      "from_high_reference": -0.555198,
      "from_low_reference": 0.155989
    },
    "levels": {
      "trend_reference": 4.65,
      "fair_value_reference": 6.535128,
      "structural_low": 3.59,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 43,
        "median_return": -0.034908,
        "positive_rate": 0.395349,
        "directional_follow_through": 0.581395,
        "median_excess_return": -0.036547,
        "regime_survival": 0.837209,
        "best_return": 0.607914,
        "worst_return": -0.441667,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": -0.139073,
        "positive_rate": 0.2,
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        "regime_survival": 0.733333,
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        "worst_return": -0.533505,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "regime_survival": 0.75,
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        "worst_return": -0.676208,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.7964,
        "sufficient": false
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      {
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      },
      {
        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": -40.43003,
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        "energy": 79.220277,
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      },
      {
        "date": "2026-07-17",
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        "volume": 1852800,
        "typical_volume": 1377250.0,
        "trend": 4.86,
        "fair_value": 6.59859,
        "relative_strength": -42.087056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.413171,
        "energy": 83.298445,
        "activity_lines": [
          3.902,
          4.131091,
          4.372619,
          4.546344
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      },
      {
        "date": "2026-07-24",
        "close": 3.77,
        "volume": 1009500,
        "typical_volume": 1352335.0,
        "trend": 4.776667,
        "fair_value": 6.577244,
        "relative_strength": -40.314505,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.223182,
        "energy": 86.789207,
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          3.830667,
          4.031273,
          4.302095,
          4.476022
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.88,
        "volume": 1443900,
        "typical_volume": 1362635.0,
        "trend": 4.708,
        "fair_value": 6.555962,
        "relative_strength": -37.528506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.802797,
        "energy": 82.062562,
        "activity_lines": [
          3.826,
          3.966,
          4.246857,
          4.418172
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.15,
        "volume": 2814100,
        "typical_volume": 1442275.0,
        "trend": 4.65,
        "fair_value": 6.535128,
        "relative_strength": -34.530083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.62046,
        "energy": 53.945,
        "activity_lines": [
          3.922667,
          3.966364,
          4.221238,
          4.382172
        ]
      }
    ],
    "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."
    }
  }
}