{ "ticker": { "uuid": "4f8e06fc-dd4f-4821-a551-9b4c3d67dacf", "symbol": "BEEF3", "name": "Minerva 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.528, "architecture_energy": 47.735, "architecture_maturity": 91.117, "architecture_confidence": 85.821, "architecture_tenure": "Established", "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": 19.93, "rotation_up": 25.91, "upward_expansion": 6.71, "deceleration": 59.99, "rotation_down": 48.71, "downward_expansion": 77.71 }, "activity_lines": [ 3.530667, 3.558545, 3.68444, 3.883554 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 3.44, "trend_reference": 4.297969, "distance_from_trend": -0.199622, "trend_direction": "Weakening", "fair_value": 5.783264, "distance_from_fair_value": -0.40518, "fair_value_direction": "Weakening", "relative_strength": -35.182761, "relative_strength_direction": "Improving", "price_momentum": -0.435298, "excess_performance": -0.378249, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.199622, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.146198, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.40518, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.055995, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.351828, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000827, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.435298, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.702434, "read": "Supply-led" } ], "volume": { "latest": 36080400, "relative_activity": 0.670718, "balance": 0.702434, "dry_up": 0.684518, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.083408, "annualized_volatility": 0.503942, "from_high_reference": -0.529722, "from_low_reference": 0.014749 }, "levels": { "trend_reference": 4.297969, "fair_value_reference": 5.783264, "structural_low": 3.39, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": -0.023384, "positive_rate": 0.413793, "directional_follow_through": 0.586207, "median_excess_return": -0.023868, "regime_survival": 0.827586, "best_return": 0.404977, "worst_return": -0.194585, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.053398, "positive_rate": 0.272727, "directional_follow_through": 0.727273, "median_excess_return": -0.065394, "regime_survival": 0.727273, "best_return": 0.121753, "worst_return": -0.218353, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.110075, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.165396, "regime_survival": 0.666667, "best_return": 0.334673, "worst_return": -0.339518, "sufficient": true 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-35.714303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.274281, "energy": 62.867456, "activity_lines": [ 3.603333, 3.670909, 3.821673, 4.122195 ] }, { "date": "2026-07-17", "close": 3.6, "volume": 34599700, "typical_volume": 64427105.0, "trend": 4.489338, "fair_value": 5.906211, "relative_strength": -34.61578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.086772, "energy": 51.548628, "activity_lines": [ 3.597333, 3.639273, 3.78516, 4.060463 ] }, { "date": "2026-07-24", "close": 3.42, "volume": 28043000, "typical_volume": 59407235.0, "trend": 4.414171, "fair_value": 5.868628, "relative_strength": -37.350667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.418107, "energy": 54.825448, "activity_lines": [ 3.543333, 3.584, 3.739023, 3.991474 ] }, { "date": "2026-07-31", "close": 3.66, "volume": 48568000, "typical_volume": 57981865.0, "trend": 4.358579, "fair_value": 5.826986, "relative_strength": -33.818423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.206855, "energy": 43.579994, "activity_lines": [ 3.576, 3.590182, 3.720717, 3.942817 ] }, { "date": "2026-08-07", "close": 3.44, "volume": 36080400, "typical_volume": 53793695.0, "trend": 4.297969, "fair_value": 5.783264, "relative_strength": -35.182761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.528386, "energy": 47.734957, "activity_lines": [ 3.530667, 3.558545, 3.68444, 3.883554 ] } ], "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." } } }