{ "ticker": { "uuid": "13da3e7b-f7e0-4369-83a5-db33fda18fc8", "symbol": "COCE5", "name": "Companhia Energ\u00e9tica do Cear\u00e1 - COELCE", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.127, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 61.425, "architecture_energy": 47.754, "architecture_maturity": 10.248, "architecture_confidence": 67.676, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 25.49, "rotation_up": 68.55, "upward_expansion": 76.01, "deceleration": 59.02, "rotation_down": 16.43, "downward_expansion": 12.01 }, "activity_lines": [ 33.338, 32.228, 32.181971, 31.897939 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 33.990002, "trend_reference": 31.52763, "distance_from_trend": 0.078102, "trend_direction": "Improving", "fair_value": 29.744383, "distance_from_fair_value": 0.142737, "fair_value_direction": "Improving", "relative_strength": 6.843874, "relative_strength_direction": "Improving", "price_momentum": 0.167825, "excess_performance": 0.224873, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078102, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006408, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.142737, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040718, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.068439, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.068478, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.167825, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.316471, "read": "Demand-led" } ], "volume": { "latest": 21200, "relative_activity": 0.435497, "balance": 1.316471, "dry_up": 1.41023, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.049132, "annualized_volatility": 0.26905, "from_high_reference": -0.055833, "from_low_reference": 0.288635 }, "levels": { "trend_reference": 31.52763, "fair_value_reference": 29.744383, "structural_low": 28.253291, "invalidation": "A 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"fair_value": 30.062006, "relative_strength": -8.101078, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.197981, "energy": 44.855723, "activity_lines": [ 30.518666, 31.196545, 31.671063, 31.497225 ] }, { "date": "2026-07-17", "close": 30.01, "volume": 103200, "typical_volume": 44935.0, "trend": 31.401129, "fair_value": 29.953331, "relative_strength": -6.548179, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.413902, "energy": 52.618554, "activity_lines": [ 30.296, 30.865091, 31.523148, 31.406085 ] }, { "date": "2026-07-24", "close": 31.959999, "volume": 35300, "typical_volume": 45635.0, "trend": 31.393839, "fair_value": 29.862411, "relative_strength": -0.508307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.906799, "energy": 22.690102, "activity_lines": [ 30.789999, 30.963818, 31.564618, 31.442141 ] }, { "date": "2026-07-31", "close": 35.98, "volume": 114900, "typical_volume": 49310.0, "trend": 31.511294, "fair_value": 29.804944, "relative_strength": 9.584463, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 61.597539, "energy": 37.294683, "activity_lines": [ 32.57, 31.806182, 31.98219, 31.738022 ] }, { "date": "2026-08-07", "close": 33.990002, "volume": 21200, "typical_volume": 48680.0, "trend": 31.52763, "fair_value": 29.744383, "relative_strength": 6.843874, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.424954, "energy": 47.753814, "activity_lines": [ 33.338, 32.228, 32.181971, 31.897939 ] } ], "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." } } }