{
  "ticker": {
    "uuid": "5c04984a-0a83-45a3-8807-ea6867399b91",
    "symbol": "MNDL3",
    "name": "Mundial S.A. - Produtos de Consumo",
    "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": 54.1,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 10.951,
    "architecture_energy": 12.919,
    "architecture_maturity": 38.357,
    "architecture_confidence": 72.464,
    "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": 43.77,
        "rotation_up": 27.41,
        "upward_expansion": 55.24,
        "deceleration": 77.86,
        "rotation_down": 36.61,
        "downward_expansion": 25.57
      },
      "activity_lines": [
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        17.877183
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 17.110001,
    "trend_reference": 17.719667,
    "distance_from_trend": -0.034406,
    "trend_direction": "Improving",
    "fair_value": 15.742003,
    "distance_from_fair_value": 0.086901,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.757626,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.044134,
    "excess_performance": 0.012914,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.034406,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019231,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.086901,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.027775,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.077576,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119302,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.044134,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.65,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2000,
      "relative_activity": 0.474496,
      "balance": 3.65,
      "dry_up": 0.332147,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.05876,
      "annualized_volatility": 0.396922,
      "from_high_reference": -0.222273,
      "from_low_reference": 0.179187
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    "levels": {
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      "fair_value_reference": 15.742003,
      "structural_low": 15.6,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.027778,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
        "median_excess_return": 0.011396,
        "regime_survival": 0.72,
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        "worst_return": -0.220741,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "energy": 34.103672,
        "activity_lines": [
          18.098,
          17.759273,
          17.566286,
          17.472
        ]
      },
      {
        "date": "2026-05-08",
        "close": 17.139999,
        "volume": 6100,
        "typical_volume": 12540.0,
        "trend": 17.509333,
        "fair_value": 15.376667,
        "relative_strength": -19.687822,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 11.914659,
        "energy": 19.735908,
        "activity_lines": [
          17.862,
          17.660545,
          17.557571,
          17.44615
        ]
      },
      {
        "date": "2026-05-15",
        "close": 15.9,
        "volume": 2700,
        "typical_volume": 12405.0,
        "trend": 17.426,
        "fair_value": 15.398478,
        "relative_strength": -22.267421,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.04567,
        "energy": 14.025068,
        "activity_lines": [
          17.236666,
          17.364545,
          17.427286,
          17.342322
        ]
      },
      {
        "date": "2026-05-22",
        "close": 17.5,
        "volume": 5000,
        "typical_volume": 12560.0,
        "trend": 17.369667,
        "fair_value": 15.422516,
        "relative_strength": -13.303951,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.764928,
        "energy": 6.363842,
        "activity_lines": [
          17.218,
          17.394,
          17.451286,
          17.347097
        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.99,
        "volume": 13300,
        "typical_volume": 13040.0,
        "trend": 17.385333,
        "fair_value": 15.461234,
        "relative_strength": -4.079306,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.305942,
        "energy": 23.738822,
        "activity_lines": [
          17.728667,
          17.687091,
          17.610048,
          17.451634
        ]
      },
      {
        "date": "2026-06-05",
        "close": 17.799999,
        "volume": 0,
        "typical_volume": 12610.0,
        "trend": 17.392,
        "fair_value": 15.48351,
        "relative_strength": -7.063748,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.567297,
        "energy": 16.486925,
        "activity_lines": [
          17.76,
          17.718545,
          17.636714,
          17.478387
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.49,
        "volume": 800,
        "typical_volume": 12260.0,
        "trend": 17.411667,
        "fair_value": 15.513478,
        "relative_strength": -4.03952,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.910894,
        "energy": 39.372122,
        "activity_lines": [
          18.101333,
          17.87,
          17.719524,
          17.549226
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.0,
        "volume": 0,
        "typical_volume": 11980.0,
        "trend": 17.398667,
        "fair_value": 15.541202,
        "relative_strength": -4.541399,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.479286,
        "energy": 41.359004,
        "activity_lines": [
          18.189333,
          17.914363,
          17.74619,
          17.587183
        ]
      },
      {
        "date": "2026-06-26",
        "close": 18.68,
        "volume": 500,
        "typical_volume": 5590.0,
        "trend": 17.388,
        "fair_value": 15.571122,
        "relative_strength": -3.006969,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.18841,
        "energy": 43.505519,
        "activity_lines": [
          18.364,
          18.064182,
          17.84,
          17.669849
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.5,
        "volume": 0,
        "typical_volume": 4680.0,
        "trend": 17.388,
        "fair_value": 15.600769,
        "relative_strength": -4.009463,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.55995,
        "energy": 44.013321,
        "activity_lines": [
          18.4,
          18.168727,
          17.912952,
          17.741591
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.5,
        "volume": 1400,
        "typical_volume": 4725.0,
        "trend": 17.471,
        "fair_value": 15.630897,
        "relative_strength": -5.307267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.014291,
        "energy": 37.067448,
        "activity_lines": [
          18.468667,
          18.259636,
          17.981143,
          17.813333
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.5,
        "volume": 0,
        "typical_volume": 4135.0,
        "trend": 17.540667,
        "fair_value": 15.665353,
        "relative_strength": -2.481373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.937311,
        "energy": 37.978538,
        "activity_lines": [
          18.490667,
          18.359636,
          18.046238,
          17.87972
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.110001,
        "volume": 1300,
        "typical_volume": 4130.0,
        "trend": 17.567667,
        "fair_value": 15.688494,
        "relative_strength": -9.473006,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.70226,
        "energy": 10.377969,
        "activity_lines": [
          18.048667,
          18.182182,
          17.979857,
          17.851935
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.5,
        "volume": 2300,
        "typical_volume": 4205.0,
        "trend": 17.651,
        "fair_value": 15.713013,
        "relative_strength": -3.846519,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.454485,
        "energy": 18.436145,
        "activity_lines": [
          18.129334,
          18.235455,
          18.049143,
          17.912086
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.110001,
        "volume": 2000,
        "typical_volume": 4215.0,
        "trend": 17.719667,
        "fair_value": 15.742003,
        "relative_strength": -7.757626,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 10.951006,
        "energy": 12.918912,
        "activity_lines": [
          17.758667,
          18.017818,
          17.979381,
          17.877183
        ]
      }
    ],
    "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."
    }
  }
}