{
  "ticker": {
    "uuid": "0d6b0adf-8d61-417a-a4e9-4eb069afb308",
    "symbol": "DLO",
    "name": "Dlocal Ltd",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 58.5,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 58.601,
    "architecture_energy": 44.472,
    "architecture_maturity": 12.807,
    "architecture_confidence": 69.364,
    "architecture_tenure": "New",
    "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": 31.1,
        "rotation_up": 61.29,
        "upward_expansion": 79.39,
        "deceleration": 55.66,
        "rotation_down": 14.36,
        "downward_expansion": 6.06
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 14.405,
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    "distance_from_trend": 0.110089,
    "trend_direction": "Improving",
    "fair_value": 12.383334,
    "distance_from_fair_value": 0.163257,
    "fair_value_direction": "Improving",
    "relative_strength": -6.081791,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.111356,
    "excess_performance": -0.076098,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.110089,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005822,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.163257,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.066518,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.060818,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.055901,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111356,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.188495,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 1.188495,
      "dry_up": 0.722463,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
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      "annualized_volatility": 0.532964,
      "from_high_reference": -0.127076,
      "from_low_reference": 0.392364
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    "levels": {
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      "fair_value_reference": 12.383334,
      "structural_low": 10.463726,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
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        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -0.616031,
        "stage": 3,
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -0.476656,
        "stage": 3,
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        "gate": "mixed",
        "direction": 48.926735,
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      },
      {
        "date": "2026-07-17",
        "close": 14.48,
        "volume": 7031773,
        "typical_volume": 11221050.5,
        "trend": 12.904123,
        "fair_value": 12.351173,
        "relative_strength": -1.163459,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 36.667273,
        "energy": 60.767841,
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      },
      {
        "date": "2026-07-24",
        "close": 14.49,
        "volume": 8657587,
        "typical_volume": 11378398.9,
        "trend": 12.924581,
        "fair_value": 12.35323,
        "relative_strength": 0.298485,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 63.055245,
        "energy": 71.448784,
        "activity_lines": [
          14.559333,
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      },
      {
        "date": "2026-07-31",
        "close": 15.08,
        "volume": 9297580,
        "typical_volume": 11624780.75,
        "trend": 12.966018,
        "fair_value": 12.367316,
        "relative_strength": 3.427567,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.466743,
        "energy": 70.345481,
        "activity_lines": [
          14.804,
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          13.430632,
          13.134392
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.405,
        "volume": 7863880,
        "typical_volume": 11367651.5,
        "trend": 12.976432,
        "fair_value": 12.383334,
        "relative_strength": -6.081791,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.601034,
        "energy": 44.471739,
        "activity_lines": [
          14.664333,
          14.317455,
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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."
    }
  }
}