{
  "ticker": {
    "uuid": "ec022b1a-0ab4-4fe7-8fb9-f2701d9ec8e4",
    "symbol": "CRR-UN",
    "name": "Crombie 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 64.075,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 28.955,
    "architecture_energy": 20.867,
    "architecture_maturity": 85.543,
    "architecture_confidence": 68.122,
    "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": 36.75,
        "rotation_up": 30.33,
        "upward_expansion": 65.14,
        "deceleration": 85.35,
        "rotation_down": 29.69,
        "downward_expansion": 17.47
      },
      "activity_lines": [
        17.277898,
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        17.232205,
        16.940815
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 16.719999,
    "trend_reference": 16.542922,
    "distance_from_trend": 0.010704,
    "trend_direction": "Improving",
    "fair_value": 13.548711,
    "distance_from_fair_value": 0.234066,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.53231,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.08048,
    "excess_performance": -0.039942,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.010704,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.052907,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.234066,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.060022,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.055323,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.062397,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.08048,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.390326,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1345800,
      "relative_activity": 2.085736,
      "balance": 0.390326,
      "dry_up": 1.289946,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.032084,
      "annualized_volatility": 0.133026,
      "from_high_reference": -0.06289,
      "from_low_reference": 0.204796
    },
    "levels": {
      "trend_reference": 16.542922,
      "fair_value_reference": 13.548711,
      "structural_low": 15.052543,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": -0.003989,
        "positive_rate": 0.484848,
        "directional_follow_through": 0.484848,
        "median_excess_return": -0.004971,
        "regime_survival": 0.818182,
        "best_return": 0.085182,
        "worst_return": -0.061176,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.002951,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043793,
        "regime_survival": 0.4,
        "best_return": 0.076943,
        "worst_return": -0.09858,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.010469,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.096237,
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        "worst_return": -0.191422,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.12136,
        "sufficient": false
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        "regime": "balance",
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        "end": "2024-04-26",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      },
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      },
      {
        "date": "2026-07-17",
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        "trend": 16.327076,
        "fair_value": 13.438173,
        "relative_strength": 2.69334,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.648152,
        "energy": 72.121667,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.573261,
        "volume": 667500,
        "typical_volume": 722845.0,
        "trend": 16.419523,
        "fair_value": 13.4764,
        "relative_strength": 1.905086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.275684,
        "energy": 60.226774,
        "activity_lines": [
          17.615349,
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      },
      {
        "date": "2026-07-31",
        "close": 17.469999,
        "volume": 600300,
        "typical_volume": 711625.0,
        "trend": 16.502191,
        "fair_value": 13.514611,
        "relative_strength": 1.758715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.464765,
        "energy": 48.373236,
        "activity_lines": [
          17.571365,
          17.522041,
          17.250614,
          16.926763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.719999,
        "volume": 1345800,
        "typical_volume": 645240.0,
        "trend": 16.542922,
        "fair_value": 13.548711,
        "relative_strength": -5.53231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.955102,
        "energy": 20.866671,
        "activity_lines": [
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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."
    }
  }
}