{ "ticker": { "uuid": "2152a217-9939-497d-bc53-e50453593b05", "symbol": "CMIG3", "name": "Companhia Energ\u00e9tica de Minas Gerais - CEMIG", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 81.272, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 38.407, "architecture_energy": 28.409, "architecture_maturity": 26.736, "architecture_confidence": 62.612, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 40.17, "rotation_up": 58.07, "upward_expansion": 66.85, "deceleration": 54.81, "rotation_down": 11.32, "downward_expansion": 10.18 }, "activity_lines": [ 16.376667, 16.175811, 16.181872, 16.13008 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 16.129999, "trend_reference": 15.852989, "distance_from_trend": 0.017474, "trend_direction": "Improving", "fair_value": 12.511973, "distance_from_fair_value": 0.289165, "fair_value_direction": "Weakening", "relative_strength": 4.836909, "relative_strength_direction": "Improving", "price_momentum": 0.121701, "excess_performance": 0.178749, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017474, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054645, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.289165, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.084561, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.048369, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.070935, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.121701, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.318465, "read": "Supply-led" } ], "volume": { "latest": 233800, "relative_activity": 0.485586, "balance": 0.318465, "dry_up": 0.817272, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.045061, "annualized_volatility": 0.308307, "from_high_reference": -0.180359, "from_low_reference": 0.258342 }, "levels": { "trend_reference": 15.852989, "fair_value_reference": 12.511973, "structural_low": 14.244834, "invalidation": "A 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}, { "date": "2026-07-17", "close": 16.76, "volume": 364300, "typical_volume": 513300.0, "trend": 15.613244, "fair_value": 12.407118, "relative_strength": 7.547118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.761011, "energy": 28.962928, "activity_lines": [ 16.199864, 15.945872, 16.171481, 16.005686 ] }, { "date": "2026-07-24", "close": 16.540001, "volume": 324400, "typical_volume": 512385.0, "trend": 15.695862, "fair_value": 12.445789, "relative_strength": 6.132496, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.597208, "energy": 34.299865, "activity_lines": [ 16.412, 16.064861, 16.202716, 16.065477 ] }, { "date": "2026-07-31", "close": 16.34, "volume": 651500, "typical_volume": 529460.0, "trend": 15.772778, "fair_value": 12.481128, "relative_strength": 2.761155, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.121293, "energy": 34.917169, "activity_lines": [ 16.454, 16.142037, 16.205582, 16.107034 ] }, { "date": "2026-08-07", "close": 16.129999, "volume": 233800, "typical_volume": 481480.0, "trend": 15.852989, "fair_value": 12.511973, "relative_strength": 4.836909, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.407014, "energy": 28.409293, "activity_lines": [ 16.376667, 16.175811, 16.181872, 16.13008 ] } ], "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." } } }