{
  "ticker": {
    "uuid": "54774a47-1774-4956-a52c-7c1e9850ecf9",
    "symbol": "BIDU34",
    "name": "Baidu, 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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.6,
    "architecture_energy": 42.568,
    "architecture_maturity": 24.681,
    "architecture_confidence": 88.266,
    "architecture_tenure": "Developing",
    "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": 24.43,
        "rotation_up": 16.38,
        "upward_expansion": 5.86,
        "deceleration": 46.83,
        "rotation_down": 55.19,
        "downward_expansion": 76.86
      },
      "activity_lines": [
        40.133332,
        40.829272,
        42.593571,
        43.505763
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 39.759998,
    "trend_reference": 45.886333,
    "distance_from_trend": -0.133511,
    "trend_direction": "Weakening",
    "fair_value": 40.576603,
    "distance_from_fair_value": -0.020125,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.339387,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.270057,
    "excess_performance": -0.213009,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.133511,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.051256,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.020125,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.197252,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.173394,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.11053,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.270057,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.194287,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4520,
      "relative_activity": 0.104018,
      "balance": 1.194287,
      "dry_up": 0.535597,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.104144,
      "annualized_volatility": 0.46763,
      "from_high_reference": -0.366173,
      "from_low_reference": 0.205945
    },
    "levels": {
      "trend_reference": 45.886333,
      "fair_value_reference": 40.576603,
      "structural_low": 37.139999,
      "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": 0.035477,
        "positive_rate": 0.586207,
        "directional_follow_through": 0.413793,
        "median_excess_return": 0.024531,
        "regime_survival": 0.724138,
        "best_return": 0.242604,
        "worst_return": -0.077131,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.029228,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.454545,
        "median_excess_return": 0.06004,
        "regime_survival": 0.636364,
        "best_return": 0.68486,
        "worst_return": -0.256075,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.01397,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.083017,
        "regime_survival": 0.333333,
        "best_return": 0.417551,
        "worst_return": -0.075308,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.125843,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.136276,
        "regime_survival": 0.5,
        "best_return": 0.473385,
        "worst_return": -0.132984,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2024-09-20",
        "tenure": "Established",
        "return": -0.020479,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-27",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.121612,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-23",
        "tenure": "Extended",
        "return": 0.017091,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-08-08",
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        "return": 0.016447,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.11092,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.142793,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.105982,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-07",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.019255,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.010507,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.050633,
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      {
        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2026-04-03",
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        "return": -0.063845,
        "active": false
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        "relative_strength": -14.30896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.569506,
        "energy": 28.176426,
        "activity_lines": [
          44.205333,
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          46.442857,
          47.572258
        ]
      },
      {
        "date": "2026-05-08",
        "close": 48.299999,
        "volume": 125812,
        "typical_volume": 70402.85,
        "trend": 48.261667,
        "fair_value": 41.032115,
        "relative_strength": -6.286433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.56278,
        "energy": 23.940923,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 49.209999,
        "volume": 109956,
        "typical_volume": 75188.65,
        "trend": 48.319667,
        "fair_value": 41.064103,
        "relative_strength": -0.96564,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -14.389893,
        "energy": 20.941387,
        "activity_lines": [
          47.427999,
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          46.397571,
          47.637161
        ]
      },
      {
        "date": "2026-05-22",
        "close": 45.779999,
        "volume": 104334,
        "typical_volume": 78212.05,
        "trend": 48.272333,
        "fair_value": 41.070962,
        "relative_strength": -7.393922,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -22.308384,
        "energy": 19.728868,
        "activity_lines": [
          47.097332,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 49.27,
        "volume": 63845,
        "typical_volume": 77880.4,
        "trend": 48.365333,
        "fair_value": 41.083205,
        "relative_strength": 0.782171,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 0.1077,
        "energy": 14.280793,
        "activity_lines": [
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          47.537677
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      },
      {
        "date": "2026-06-05",
        "close": 44.73,
        "volume": 21566,
        "typical_volume": 75218.15,
        "trend": 48.246333,
        "fair_value": 41.06609,
        "relative_strength": -6.007735,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.911066,
        "energy": 13.469641,
        "activity_lines": [
          46.986,
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          45.856809,
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      },
      {
        "date": "2026-06-12",
        "close": 41.970001,
        "volume": 2301,
        "typical_volume": 70541.9,
        "trend": 48.183667,
        "fair_value": 41.015898,
        "relative_strength": -12.881704,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.744541,
        "energy": 25.756947,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 41.669998,
        "volume": 243,
        "typical_volume": 62451.4,
        "trend": 48.132667,
        "fair_value": 40.978526,
        "relative_strength": -12.228453,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.380548,
        "energy": 42.926909,
        "activity_lines": [
          43.649333,
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      },
      {
        "date": "2026-06-26",
        "close": 39.970001,
        "volume": 7364,
        "typical_volume": 57201.4,
        "trend": 47.96,
        "fair_value": 40.935256,
        "relative_strength": -18.011347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.061634,
        "energy": 63.9522,
        "activity_lines": [
          42.078,
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          44.349714,
          45.951355
        ]
      },
      {
        "date": "2026-07-03",
        "close": 42.93,
        "volume": 25516,
        "typical_volume": 54281.1,
        "trend": 47.748333,
        "fair_value": 40.891603,
        "relative_strength": -12.455799,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.338036,
        "energy": 58.930905,
        "activity_lines": [
          41.880667,
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      },
      {
        "date": "2026-07-10",
        "close": 41.950001,
        "volume": 15952,
        "typical_volume": 54372.3,
        "trend": 47.536667,
        "fair_value": 40.834167,
        "relative_strength": -16.091365,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.522373,
        "energy": 53.456082,
        "activity_lines": [
          41.779334,
          43.162364,
          43.920619,
          45.252753
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      },
      {
        "date": "2026-07-17",
        "close": 42.98,
        "volume": 25755,
        "typical_volume": 52585.7,
        "trend": 47.328333,
        "fair_value": 40.799231,
        "relative_strength": -11.881516,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.010484,
        "energy": 34.189925,
        "activity_lines": [
          42.206667,
          42.871818,
          43.815238,
          44.958774
        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.27,
        "volume": 46142,
        "typical_volume": 47893.15,
        "trend": 46.954333,
        "fair_value": 40.7075,
        "relative_strength": -21.418298,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.84676,
        "energy": 39.772415,
        "activity_lines": [
          40.996667,
          41.821636,
          43.271048,
          44.374365
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.119999,
        "volume": 16678,
        "typical_volume": 44545.5,
        "trend": 46.389,
        "fair_value": 40.631346,
        "relative_strength": -19.270844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.469283,
        "energy": 36.866856,
        "activity_lines": [
          40.63,
          41.306727,
          42.932333,
          43.933441
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.759998,
        "volume": 4520,
        "typical_volume": 43453.85,
        "trend": 45.886333,
        "fair_value": 40.576603,
        "relative_strength": -17.339387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.599562,
        "energy": 42.567513,
        "activity_lines": [
          40.133332,
          40.829272,
          42.593571,
          43.505763
        ]
      }
    ],
    "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."
    }
  }
}