{
  "ticker": {
    "uuid": "f28534e3-75c9-4b9a-8e8d-075ef98400b9",
    "symbol": "MPC",
    "name": "Madison Pacific Properties 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": 77.948,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -30.03,
    "architecture_energy": 17.528,
    "architecture_maturity": 37.338,
    "architecture_confidence": 95.037,
    "architecture_tenure": "Developing",
    "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": 40.55,
        "rotation_up": 29.24,
        "upward_expansion": 18.26,
        "deceleration": 39.97,
        "rotation_down": 32.79,
        "downward_expansion": 63.59
      },
      "activity_lines": [
        4.906,
        4.875273,
        4.958,
        4.966489
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 5.01,
    "trend_reference": 4.99956,
    "distance_from_trend": 0.002088,
    "trend_direction": "Weakening",
    "fair_value": 5.035092,
    "distance_from_fair_value": -0.004984,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.182777,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.037834,
    "excess_performance": -0.158255,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.002088,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022701,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.004984,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050736,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.131828,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.047536,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.037834,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.047619,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 100,
      "relative_activity": 0.050251,
      "balance": 0.047619,
      "dry_up": 1.143216,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.03209,
      "annualized_volatility": 0.240594,
      "from_high_reference": -0.104249,
      "from_low_reference": 0.155478
    },
    "levels": {
      "trend_reference": 4.99956,
      "fair_value_reference": 5.035092,
      "structural_low": 4.6,
      "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": 21,
        "median_return": 0.012146,
        "positive_rate": 0.619048,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.000741,
        "regime_survival": 0.619048,
        "best_return": 0.2,
        "worst_return": -0.097479,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.07551,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.222222,
        "median_excess_return": 0.057095,
        "regime_survival": 0.111111,
        "best_return": 0.162465,
        "worst_return": -0.085179,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.092338,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.046925,
        "regime_survival": 0.0,
        "best_return": 0.11428,
        "worst_return": 0.056643,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.001397,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "best_return": 0.192325,
        "worst_return": -0.186484,
        "sufficient": false
      }
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        "end": "2025-01-17",
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        "return": -0.088512,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-03-21",
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        "return": 0.084369,
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      {
        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "end": "2025-08-22",
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        "regime": "upward_expansion",
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        "close": 5.3,
        "volume": 600,
        "typical_volume": 1820.0,
        "trend": 5.132777,
        "fair_value": 5.068725,
        "relative_strength": -8.123784,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": -5.393551,
        "energy": 10.491943,
        "activity_lines": [
          5.000667,
          4.930727,
          4.978162,
          5.048934
        ]
      },
      {
        "date": "2026-05-08",
        "close": 5.3,
        "volume": 0,
        "typical_volume": 1820.0,
        "trend": 5.134557,
        "fair_value": 5.06812,
        "relative_strength": -8.429192,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "down",
        "direction": 19.261999,
        "energy": 33.363855,
        "activity_lines": [
          5.125333,
          5.003273,
          5.001016,
          5.059723
        ]
      },
      {
        "date": "2026-05-15",
        "close": 5.3,
        "volume": 0,
        "typical_volume": 1795.0,
        "trend": 5.136337,
        "fair_value": 5.069129,
        "relative_strength": -7.59375,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.594617,
        "energy": 49.957075,
        "activity_lines": [
          5.223333,
          5.068545,
          5.024088,
          5.070396
        ]
      },
      {
        "date": "2026-05-22",
        "close": 5.3,
        "volume": 0,
        "typical_volume": 1795.0,
        "trend": 5.131848,
        "fair_value": 5.071971,
        "relative_strength": -8.945091,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.341899,
        "energy": 70.047288,
        "activity_lines": [
          5.278,
          5.126545,
          5.047046,
          5.080955
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4.95,
        "volume": 3500,
        "typical_volume": 1730.0,
        "trend": 5.115692,
        "fair_value": 5.071625,
        "relative_strength": -15.560614,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 8.944227,
        "energy": 30.588678,
        "activity_lines": [
          5.183333,
          5.113455,
          5.036559,
          5.069223
        ]
      },
      {
        "date": "2026-06-05",
        "close": 5.27,
        "volume": 0,
        "typical_volume": 1720.0,
        "trend": 5.114822,
        "fair_value": 5.073997,
        "relative_strength": -8.80575,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.605312,
        "energy": 27.677845,
        "activity_lines": [
          5.196667,
          5.155636,
          5.058431,
          5.079179
        ]
      },
      {
        "date": "2026-06-12",
        "close": 5.24,
        "volume": 0,
        "typical_volume": 1375.0,
        "trend": 5.127471,
        "fair_value": 5.074788,
        "relative_strength": -10.19309,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.195954,
        "energy": 20.005359,
        "activity_lines": [
          5.202,
          5.185636,
          5.077052,
          5.087255
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      },
      {
        "date": "2026-06-19",
        "close": 4.9,
        "volume": 4700,
        "typical_volume": 1595.0,
        "trend": 5.116248,
        "fair_value": 5.070563,
        "relative_strength": -15.477931,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -21.250912,
        "energy": 16.414592,
        "activity_lines": [
          5.098,
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          5.063795,
          5.072579
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.75,
        "volume": 200,
        "typical_volume": 1605.0,
        "trend": 5.096725,
        "fair_value": 5.062987,
        "relative_strength": -17.457315,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.009397,
        "energy": 32.759486,
        "activity_lines": [
          4.970667,
          5.077818,
          5.037714,
          5.04895
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.75,
        "volume": 6000,
        "typical_volume": 1885.0,
        "trend": 5.076872,
        "fair_value": 5.05541,
        "relative_strength": -17.460273,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -66.933194,
        "energy": 46.520791,
        "activity_lines": [
          4.88,
          5.009091,
          5.01381,
          5.026581
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.75,
        "volume": 13000,
        "typical_volume": 2285.0,
        "trend": 5.057019,
        "fair_value": 5.048723,
        "relative_strength": -16.96016,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.639621,
        "energy": 68.940609,
        "activity_lines": [
          4.802667,
          4.944364,
          4.991571,
          5.005492
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.75,
        "volume": 2500,
        "typical_volume": 2355.0,
        "trend": 5.037166,
        "fair_value": 5.042925,
        "relative_strength": -16.397065,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.995128,
        "energy": 78.73178,
        "activity_lines": [
          4.76,
          4.889636,
          4.970048,
          4.985685
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.75,
        "volume": 6100,
        "typical_volume": 2660.0,
        "trend": 5.019623,
        "fair_value": 5.039352,
        "relative_strength": -16.205766,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.816619,
        "energy": 78.195166,
        "activity_lines": [
          4.75,
          4.844909,
          4.949238,
          4.967158
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.01,
        "volume": 400,
        "typical_volume": 2675.0,
        "trend": 5.010746,
        "fair_value": 5.037444,
        "relative_strength": -10.809868,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.18439,
        "energy": 43.856778,
        "activity_lines": [
          4.836667,
          4.857455,
          4.953905,
          4.966537
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.01,
        "volume": 100,
        "typical_volume": 1990.0,
        "trend": 4.99956,
        "fair_value": 5.035092,
        "relative_strength": -13.182777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.029686,
        "energy": 17.52764,
        "activity_lines": [
          4.906,
          4.875273,
          4.958,
          4.966489
        ]
      }
    ],
    "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."
    }
  }
}