{ "ticker": { "uuid": "f755eb7e-738c-4ccd-b52b-fcd4604a0d37", "symbol": "EQX", "name": "Equinox Gold Corp.", "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": -61.272, "architecture_energy": 49.79, "architecture_maturity": 58.08, "architecture_confidence": 88.222, "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": 11.69, "rotation_up": 25.75, "upward_expansion": 7.71, "deceleration": 60.1, "rotation_down": 52.02, "downward_expansion": 81.04 }, "activity_lines": [ 13.888, 13.908727, 15.293603, 16.530949 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 16.16, "trend_reference": 18.089282, "distance_from_trend": -0.106653, "trend_direction": "Weakening", "fair_value": 10.880211, "distance_from_fair_value": 0.485265, "fair_value_direction": "Weakening", "relative_strength": -17.00815, "relative_strength_direction": "Weakening", "price_momentum": -0.188231, "excess_performance": -0.308653, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.106653, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.079558, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.485265, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.433905, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.170082, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.295921, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.188231, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.002141, "read": "Demand-led" } ], "volume": { "latest": 31977000, "relative_activity": 1.940819, "balance": 1.002141, "dry_up": 1.522682, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.11574, "annualized_volatility": 0.781449, "from_high_reference": -0.373994, "from_low_reference": 0.867911 }, "levels": { "trend_reference": 18.089282, "fair_value_reference": 10.880211, "structural_low": 11.91, 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.85815, "energy": 75.71541, "activity_lines": [ 13.266, 13.978727, 15.762745, 17.040437 ] }, { "date": "2026-07-31", "close": 12.56, "volume": 39800800, "typical_volume": 15847420.0, "trend": 18.204541, "fair_value": 10.818967, "relative_strength": -33.081675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.7008, "energy": 70.830807, "activity_lines": [ 12.935333, 13.578364, 15.339066, 16.662855 ] }, { "date": "2026-08-07", "close": 16.16, "volume": 31977000, "typical_volume": 16476030.0, "trend": 18.089282, "fair_value": 10.880211, "relative_strength": -17.00815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.272225, "energy": 49.790092, "activity_lines": [ 13.888, 13.908727, 15.293603, 16.530949 ] } ], "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." } } }