{ "ticker": { "uuid": "3785a82f-056a-457e-947a-03d91c9f7a92", "symbol": "SLBG34", "name": "SLB N.V.", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -29.83, "architecture_energy": 15.324, "architecture_maturity": 42.625, "architecture_confidence": 69.766, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 43.98, "rotation_up": 28.74, "upward_expansion": 17.65, "deceleration": 40.83, "rotation_down": 35.02, "downward_expansion": 65.31 }, "activity_lines": [ 127.877999, 126.414727, 129.965134, 130.387074 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 132.339996, "trend_reference": 130.422215, "distance_from_trend": 0.014704, "trend_direction": "Improving", "fair_value": 115.877299, "distance_from_fair_value": 0.14207, "fair_value_direction": "Improving", "relative_strength": 10.709369, "relative_strength_direction": "Improving", "price_momentum": 0.007798, "excess_performance": 0.064846, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014704, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070537, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.14207, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002929, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.107094, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.057965, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.007798, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.179361, "read": "Demand-led" } ], "volume": { "latest": 319, "relative_activity": 0.308555, "balance": 1.179361, "dry_up": 0.359578, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.066045, "annualized_volatility": 0.419868, "from_high_reference": -0.105811, "from_low_reference": 0.546414 }, "levels": { "trend_reference": 130.422215, "fair_value_reference": 115.877299, "structural_low": 115.68, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.054787, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.023276, "regime_survival": 0.375, "best_return": 0.142994, "worst_return": -0.03807, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.052092, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.052273, "regime_survival": 0.0, "best_return": 0.327964, "worst_return": -0.046415, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.192311, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.051464, "regime_survival": 0.2, "best_return": 0.770643, "worst_return": 0.001682, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 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"2025-03-28", "tenure": "Developing", "return": 0.043552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-09-05", "tenure": "Established", "return": -0.015904, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.083037, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.140933, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.101503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-13", "tenure": "Established", "return": 0.103626, "active": false }, { "regime": "deceleration", 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"Re-accelerating", "gate": "up", "direction": 22.04111, "energy": 14.695586, "activity_lines": [ 135.933378, 137.078994, 134.83504, 131.98064 ] }, { "date": "2026-06-26", "close": 121.440002, "volume": 24, "typical_volume": 1840.1, "trend": 126.860261, "fair_value": 115.967674, "relative_strength": 1.574861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.249411, "energy": 13.049262, "activity_lines": [ 130.369099, 134.240237, 133.72875, 131.693771 ] }, { "date": "2026-07-03", "close": 118.150002, "volume": 28, "typical_volume": 1827.4, "trend": 127.286693, "fair_value": 115.9532, "relative_strength": -1.760847, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.504884, "energy": 39.088443, "activity_lines": [ 125.202667, 130.974871, 132.356156, 131.131819 ] }, { "date": "2026-07-10", "close": 122.160004, "volume": 136, "typical_volume": 1833.15, "trend": 127.800726, "fair_value": 115.926151, "relative_strength": -0.299127, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.238504, "energy": 46.528738, "activity_lines": [ 122.724669, 128.840177, 131.43799, 130.801065 ] }, { "date": "2026-07-17", "close": 120.300003, "volume": 216, "typical_volume": 1841.85, "trend": 128.413159, "fair_value": 115.902229, "relative_strength": 0.498714, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.604659, "energy": 60.684226, "activity_lines": [ 120.842669, 126.668842, 130.386824, 130.317148 ] }, { "date": "2026-07-24", "close": 132.369995, "volume": 330, "typical_volume": 1380.2, "trend": 129.368604, "fair_value": 115.944571, "relative_strength": 10.230158, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.136133, "energy": 41.947657, "activity_lines": [ 124.484667, 126.879467, 130.544372, 130.572427 ] }, { "date": "2026-07-31", "close": 124.150002, "volume": 622, "typical_volume": 1262.4, "trend": 129.994373, "fair_value": 115.89851, "relative_strength": 1.016406, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.780566, "energy": 23.240385, "activity_lines": [ 124.906667, 125.723391, 129.879872, 130.235743 ] }, { "date": "2026-08-07", "close": 132.339996, "volume": 319, "typical_volume": 1033.85, "trend": 130.422215, "fair_value": 115.877299, "relative_strength": 10.709369, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.829752, "energy": 15.323589, "activity_lines": [ 127.877999, 126.414727, 129.965134, 130.387074 ] } ], "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." } } }