{ "ticker": { "uuid": "e2efdb16-4ada-47ce-97db-3c8c9c932142", "symbol": "PRV-UN", "name": "Pro 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 60.285, "architecture_energy": 47.465, "architecture_maturity": 48.328, "architecture_confidence": 75.686, "architecture_tenure": "Established", "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": 16.27, "rotation_up": 53.86, "upward_expansion": 80.26, "deceleration": 62.3, "rotation_down": 23.13, "downward_expansion": 6.92 }, "activity_lines": [ 7.084758, 7.050604, 6.896753, 6.753842 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 6.98, "trend_reference": 6.588845, "distance_from_trend": 0.059366, "trend_direction": "Improving", "fair_value": 5.103033, "distance_from_fair_value": 0.367814, "fair_value_direction": "Improving", "relative_strength": -0.721719, "relative_strength_direction": "Improving", "price_momentum": 0.105983, "excess_performance": -0.014438, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059366, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045492, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.367814, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040761, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.007217, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.009453, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.105983, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.487681, "read": "Demand-led" } ], "volume": { "latest": 401200, "relative_activity": 1.294757, "balance": 1.487681, "dry_up": 1.348733, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.037357, "annualized_volatility": 0.176962, "from_high_reference": -0.050455, "from_low_reference": 0.289689 }, "levels": { "trend_reference": 6.588845, "fair_value_reference": 5.103033, "structural_low": 5.886264, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.003093, "positive_rate": 0.52, "directional_follow_through": 0.52, "median_excess_return": -0.01037, "regime_survival": 0.76, "best_return": 0.054474, "worst_return": -0.049557, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.013693, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.017468, "regime_survival": 0.4, "best_return": 0.121774, "worst_return": -0.107667, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.057722, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.035231, "regime_survival": 0.285714, "best_return": 0.186509, "worst_return": -0.148754, "sufficient": true }, { "horizon": "Full cycle", 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"direction": 73.486348, "energy": 81.187347, "activity_lines": [ 7.098489, 6.948666, 6.773598, 6.648456 ] }, { "date": "2026-07-24", "close": 7.181788, "volume": 416200, "typical_volume": 298775.0, "trend": 6.544088, "fair_value": 5.067768, "relative_strength": 5.037673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.625609, "energy": 81.105895, "activity_lines": [ 7.146129, 7.008999, 6.828771, 6.691526 ] }, { "date": "2026-07-31", "close": 7.1, "volume": 426200, "typical_volume": 306595.0, "trend": 6.570004, "fair_value": 5.086063, "relative_strength": 4.253607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.45673, "energy": 69.45375, "activity_lines": [ 7.141263, 7.04366, 6.871062, 6.727391 ] }, { "date": "2026-08-07", "close": 6.98, "volume": 401200, "typical_volume": 309865.0, "trend": 6.588845, "fair_value": 5.103033, "relative_strength": -0.721719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.284777, "energy": 47.464753, "activity_lines": [ 7.084758, 7.050604, 6.896753, 6.753842 ] } ], "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." } } }