{ "ticker": { "uuid": "50dee3b5-94ae-498a-bf1a-70c672a4eefe", "symbol": "AZEV3", "name": "Azevedo & Travassos 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -22.937, "architecture_energy": 21.928, "architecture_maturity": 100.0, "architecture_confidence": 81.891, "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": 37.07, "rotation_up": 39.29, "upward_expansion": 23.38, "deceleration": 41.33, "rotation_down": 25.72, "downward_expansion": 59.71 }, "activity_lines": [ 3.24, 2.794545, 3.032381, 3.463441 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 3.7, "trend_reference": 4.173667, "distance_from_trend": -0.113489, "trend_direction": "Weakening", "fair_value": 20.061603, "distance_from_fair_value": -0.815568, "fair_value_direction": "Improving", "relative_strength": -36.774377, "relative_strength_direction": "Improving", "price_momentum": -0.339286, "excess_performance": -0.282237, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.113489, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.175165, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.815568, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.035977, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.367744, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.260023, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.339286, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.832617, "read": "Demand-led" } ], "volume": { "latest": 8748300, "relative_activity": 5.598045, "balance": 1.832617, "dry_up": 4.290919, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.265489, "annualized_volatility": 1.41519, "from_high_reference": -0.710938, "from_low_reference": 2.00813 }, "levels": { "trend_reference": 4.173667, "fair_value_reference": 20.061603, "structural_low": 1.23, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 49, "median_return": -0.095238, "positive_rate": 0.22449, "directional_follow_through": 0.714286, "median_excess_return": -0.08846, "regime_survival": 0.918367, "best_return": 0.274194, "worst_return": -0.403571, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.167255, "positive_rate": 0.133333, "directional_follow_through": 0.8, "median_excess_return": -0.194981, "regime_survival": 0.733333, "best_return": 0.193548, "worst_return": -0.7375, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.272952, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.266946, "regime_survival": 0.625, "best_return": 0.528571, "worst_return": -0.579505, "sufficient": true }, { 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398606.5, "trend": 4.377, "fair_value": 20.777628, "relative_strength": -74.235839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.355695, "energy": 88.873067, "activity_lines": [ 1.785333, 2.300545, 3.020143, 3.609312 ] }, { "date": "2026-07-24", "close": 2.5, "volume": 7822200, "typical_volume": 775870.5, "trend": 4.307, "fair_value": 20.5475, "relative_strength": -60.200575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.925641, "energy": 77.170269, "activity_lines": [ 1.944667, 2.262182, 2.912, 3.488215 ] }, { "date": "2026-07-31", "close": 4.5, "volume": 7829900, "typical_volume": 1143465.75, "trend": 4.277, "fair_value": 20.310962, "relative_strength": -27.788652, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.077472, "energy": 25.775673, "activity_lines": [ 2.790667, 2.607455, 3.009095, 3.500667 ] }, { "date": "2026-08-07", "close": 3.7, "volume": 8748300, "typical_volume": 1562742.0, "trend": 4.173667, "fair_value": 20.061603, "relative_strength": -36.774377, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.936791, "energy": 21.927845, "activity_lines": [ 3.24, 2.794545, 3.032381, 3.463441 ] } ], "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." } } }