{ "ticker": { "uuid": "222a4757-baf7-41d6-9ac6-76ec3b0c1943", "symbol": "CLSC4", "name": "Centrais El\u00e9tricas de Santa Catarina S.A.", "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": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 31.827, "architecture_energy": 36.231, "architecture_maturity": 15.776, "architecture_confidence": 80.407, "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": 52.21, "rotation_up": 65.28, "upward_expansion": 32.94, "deceleration": 38.92, "rotation_down": 12.07, "downward_expansion": 22.27 }, "activity_lines": [ 142.081444, 139.22309, 139.474096, 140.505866 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 147.990005, "trend_reference": 140.922352, "distance_from_trend": 0.050153, "trend_direction": "Improving", "fair_value": 85.744334, "distance_from_fair_value": 0.725945, "fair_value_direction": "Weakening", "relative_strength": 14.205021, "relative_strength_direction": "Improving", "price_momentum": 0.062551, "excess_performance": 0.119599, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050153, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04881, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.725945, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.155009, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.14205, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.042334, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.062551, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.784223, "read": "Demand-led" } ], "volume": { "latest": 41300, "relative_activity": 3.333333, "balance": 2.784223, "dry_up": 1.844229, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.024673, "annualized_volatility": 0.184916, "from_high_reference": -0.055851, "from_low_reference": 0.591856 }, "levels": { "trend_reference": 140.922352, "fair_value_reference": 85.744334, "structural_low": 131.06959, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.048064, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.042873, "regime_survival": 0.0, "best_return": 0.102838, "worst_return": -0.074119, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.038015, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.008433, "regime_survival": 0.0, "best_return": 0.245287, "worst_return": -0.115492, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.163181, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.105959, "regime_survival": 0.0, "best_return": 0.217661, "worst_return": -0.178866, "sufficient": false }, { "horizon": 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10700.0, "trend": 138.031608, "fair_value": 82.775019, "relative_strength": 5.597323, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.019895, "energy": 47.466173, "activity_lines": [ 134.304646, 135.795471, 139.855235, 140.060128 ] }, { "date": "2026-07-10", "close": 137.43527, "volume": 14400, "typical_volume": 10795.0, "trend": 138.505731, "fair_value": 83.345734, "relative_strength": 3.720047, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.670723, "energy": 32.005237, "activity_lines": [ 135.597156, 135.665346, 139.418998, 140.021655 ] }, { "date": "2026-07-17", "close": 137.514656, "volume": 18500, "typical_volume": 10780.0, "trend": 139.061016, "fair_value": 83.91886, "relative_strength": 6.087736, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.554335, "energy": 20.657981, "activity_lines": [ 136.516953, 135.731548, 139.037701, 139.957715 ] }, { "date": "2026-07-24", "close": 138.616124, "volume": 23000, "typical_volume": 10975.0, "trend": 139.58269, "fair_value": 84.50205, "relative_strength": 6.575338, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.255754, "energy": 18.247151, "activity_lines": [ 137.502193, 136.16495, 138.806496, 139.929012 ] }, { "date": "2026-07-31", "close": 140.73967, "volume": 8600, "typical_volume": 10790.0, "trend": 140.205754, "fair_value": 85.10461, "relative_strength": 5.648715, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.458986, "energy": 27.120298, "activity_lines": [ 138.831123, 137.036534, 138.793475, 140.003656 ] }, { "date": "2026-08-07", "close": 147.990005, "volume": 41300, "typical_volume": 12390.0, "trend": 140.922352, "fair_value": 85.744334, "relative_strength": 14.205021, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.826911, "energy": 36.231249, "activity_lines": [ 142.081444, 139.22309, 139.474096, 140.505866 ] } ], "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." } } }