{ "ticker": { "uuid": "113db41b-5e33-42a2-8134-76a16211fdc0", "symbol": "HSHY34", "name": "The Hershey Company", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 84.961, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.822, "architecture_energy": 42.99, "architecture_maturity": 50.423, "architecture_confidence": 80.494, "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": 19.27, "rotation_up": 26.38, "upward_expansion": 6.46, "deceleration": 58.94, "rotation_down": 45.14, "downward_expansion": 77.46 }, "activity_lines": [ 60.202667, 60.325273, 61.562072, 64.07249 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 61.02, "trend_reference": 66.844217, "distance_from_trend": -0.087131, "trend_direction": "Weakening", "fair_value": 64.399912, "distance_from_fair_value": -0.052483, "fair_value_direction": "Improving", "relative_strength": -11.282505, "relative_strength_direction": "Improving", "price_momentum": -0.209939, "excess_performance": -0.152891, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087131, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016492, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.052483, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.024999, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.112825, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110143, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.209939, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.225934, "read": "Demand-led" } ], "volume": { "latest": 3020, "relative_activity": 0.868303, "balance": 2.225934, "dry_up": 0.936085, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.053581, "annualized_volatility": 0.366969, "from_high_reference": -0.262629, "from_low_reference": 0.087449 }, "levels": { "trend_reference": 66.844217, "fair_value_reference": 64.399912, "structural_low": 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64.601588, 66.575752 ] }, { "date": "2026-07-10", "close": 58.333332, "volume": 4023, "typical_volume": 2963.7, "trend": 67.647652, "fair_value": 64.689364, "relative_strength": -20.065194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.739377, "energy": 72.294011, "activity_lines": [ 60.587999, 61.575429, 63.698305, 65.960437 ] }, { "date": "2026-07-17", "close": 58.783333, "volume": 9789, "typical_volume": 3421.8, "trend": 67.367639, "fair_value": 64.590957, "relative_strength": -17.015367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.884394, "energy": 59.671088, "activity_lines": [ 59.914888, 60.969818, 62.899527, 65.388546 ] }, { "date": "2026-07-24", "close": 57.746666, "volume": 102, "typical_volume": 3398.4, "trend": 67.053071, "fair_value": 64.509586, "relative_strength": -18.001831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.036673, "energy": 68.351054, "activity_lines": [ 59.10111, 60.208121, 62.10061, 64.767838 ] }, { "date": "2026-07-31", "close": 62.200001, "volume": 112, "typical_volume": 3404.0, "trend": 66.94482, "fair_value": 64.452339, "relative_strength": -12.986658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.638791, "energy": 49.822456, "activity_lines": [ 59.87, 60.350788, 61.840696, 64.454737 ] }, { "date": "2026-08-07", "close": 61.02, "volume": 3020, "typical_volume": 3478.05, "trend": 66.844217, "fair_value": 64.399912, "relative_strength": -11.282505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.821865, "energy": 42.990376, "activity_lines": [ 60.202667, 60.325273, 61.562072, 64.07249 ] } ], "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." } } }