{
  "ticker": {
    "uuid": "24d60907-b821-4e72-9c07-5d296b23cd12",
    "symbol": "PHMO34",
    "name": "Philip Morris International Inc.",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.093,
    "architecture_energy": 73.197,
    "architecture_maturity": 21.686,
    "architecture_confidence": 88.302,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 18.11,
        "rotation_up": 69.38,
        "upward_expansion": 90.04,
        "deceleration": 46.2,
        "rotation_down": 12.92,
        "downward_expansion": 16.71
      },
      "activity_lines": [
        60.408667,
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        57.653933,
        56.72059
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 60.18,
    "trend_reference": 56.186764,
    "distance_from_trend": 0.071071,
    "trend_direction": "Improving",
    "fair_value": 44.030738,
    "distance_from_fair_value": 0.366772,
    "fair_value_direction": "Improving",
    "relative_strength": 5.958433,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.042764,
    "excess_performance": 0.099813,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071071,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043673,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.366772,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.113744,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.059584,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.264336,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.042764,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.861261,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 862,
      "relative_activity": 1.329631,
      "balance": 2.861261,
      "dry_up": 0.856856,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.037509,
      "annualized_volatility": 0.28499,
      "from_high_reference": -0.03,
      "from_low_reference": 0.267802
    },
    "levels": {
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      "fair_value_reference": 44.030738,
      "structural_low": 48.236548,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.013211,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.018866,
        "regime_survival": 0.740741,
        "best_return": 0.160069,
        "worst_return": -0.190364,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
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        "regime_survival": 0.5,
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        "worst_return": -0.134526,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.047762,
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        "worst_return": -0.098788,
        "sufficient": true
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        "horizon": "Full cycle",
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        "best_return": 1.026893,
        "worst_return": -0.062866,
        "sufficient": false
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        "active": false
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      {
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        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "modifier": "Supply rotation",
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      },
      {
        "date": "2026-05-01",
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        "trend": 53.273915,
        "fair_value": 41.126698,
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 1110.8,
        "trend": 53.35008,
        "fair_value": 41.498416,
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        "stage": 3,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1147.6,
        "trend": 53.578683,
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        "relative_strength": -4.137189,
        "stage": 3,
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      },
      {
        "date": "2026-05-29",
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        "trend": 53.835625,
        "fair_value": 41.913428,
        "relative_strength": -8.502949,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1089.2,
        "trend": 54.040429,
        "fair_value": 42.117762,
        "relative_strength": -4.023797,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
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        "energy": 44.027612,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 0,
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        "fair_value": 42.314068,
        "relative_strength": -4.572245,
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        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 0.195952,
        "stage": 3,
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      },
      {
        "date": "2026-06-26",
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        "volume": 840,
        "typical_volume": 1004.8,
        "trend": 54.713216,
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        "relative_strength": 0.203505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.91467,
        "energy": 57.165171,
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      },
      {
        "date": "2026-07-03",
        "close": 58.338749,
        "volume": 56,
        "typical_volume": 907.6,
        "trend": 55.045788,
        "fair_value": 42.940131,
        "relative_strength": -0.715916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 57.385217,
        "energy": 62.463777,
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      },
      {
        "date": "2026-07-10",
        "close": 57.576248,
        "volume": 16,
        "typical_volume": 864.8,
        "trend": 55.301466,
        "fair_value": 43.138996,
        "relative_strength": -3.337689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.733861,
        "energy": 61.996963,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 61.188751,
        "volume": 1192,
        "typical_volume": 900.0,
        "trend": 55.560773,
        "fair_value": 43.366297,
        "relative_strength": 5.792197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.872195,
        "energy": 78.18742,
        "activity_lines": [
          59.092474,
          58.13937,
          56.109341,
          55.788009
        ]
      },
      {
        "date": "2026-07-24",
        "close": 60.798752,
        "volume": 128,
        "typical_volume": 887.6,
        "trend": 55.758162,
        "fair_value": 43.590702,
        "relative_strength": 5.265749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.469521,
        "energy": 80.643576,
        "activity_lines": [
          59.797,
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          56.67179,
          56.125943
        ]
      },
      {
        "date": "2026-07-31",
        "close": 60.720001,
        "volume": 40,
        "typical_volume": 621.2,
        "trend": 55.924818,
        "fair_value": 43.811262,
        "relative_strength": 3.241305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.332697,
        "energy": 75.992913,
        "activity_lines": [
          60.256834,
          59.197405,
          57.197566,
          56.446062
        ]
      },
      {
        "date": "2026-08-07",
        "close": 60.18,
        "volume": 862,
        "typical_volume": 648.3,
        "trend": 56.186764,
        "fair_value": 44.030738,
        "relative_strength": 5.958433,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.09344,
        "energy": 73.196551,
        "activity_lines": [
          60.408667,
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          56.72059
        ]
      }
    ],
    "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."
    }
  }
}