{ "ticker": { "uuid": "19bb594d-1072-4d7a-8b98-51c317717751", "symbol": "IBMB34", "name": "International Business Machines Corporation", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.223, "architecture_energy": 45.219, "architecture_maturity": 10.492, "architecture_confidence": 68.05, "architecture_tenure": "New", "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": 30.15, "rotation_up": 13.62, "upward_expansion": 8.58, "deceleration": 44.8, "rotation_down": 68.5, "downward_expansion": 74.91 }, "activity_lines": [ 1159.913989, 1239.706357, 1266.010234, 1271.979388 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 1194.01001, "trend_reference": 1308.264115, "distance_from_trend": -0.087333, "trend_direction": "Weakening", "fair_value": 1182.201457, "distance_from_fair_value": 0.009989, "fair_value_direction": "Improving", "relative_strength": -18.521851, "relative_strength_direction": "Improving", "price_momentum": -0.22384, "excess_performance": -0.166791, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087333, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.077338, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.009989, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008163, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.185219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.158619, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.22384, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.8985, "read": "Supply-led" } ], "volume": { "latest": 1536, "relative_activity": 0.991415, "balance": 0.8985, "dry_up": 3.570322, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.130784, "annualized_volatility": 0.679584, "from_high_reference": -0.297322, "from_low_reference": 0.177432 }, "levels": { "trend_reference": 1308.264115, "fair_value_reference": 1182.201457, 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1175.778297, "relative_strength": -27.103536, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.057668, "energy": 32.387775, "activity_lines": [ 1237.211312, 1302.6449, 1286.172574, 1293.710822 ] }, { "date": "2026-07-31", "close": 1127.73999, "volume": 3220, "typical_volume": 1488.3, "trend": 1322.036613, "fair_value": 1178.780057, "relative_strength": -25.854894, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.569765, "energy": 43.454324, "activity_lines": [ 1178.661979, 1263.739626, 1272.517756, 1280.239169 ] }, { "date": "2026-08-07", "close": 1194.01001, "volume": 1536, "typical_volume": 1549.3, "trend": 1308.264115, "fair_value": 1182.201457, "relative_strength": -18.521851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.2234, "energy": 45.219341, "activity_lines": [ 1159.913989, 1239.706357, 1266.010234, 1271.979388 ] } ], "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." } } }