{
  "ticker": {
    "uuid": "5ce1e524-c6d7-4857-ab66-d7ebfbdd262a",
    "symbol": "RDOR3",
    "name": "Rede D'Or S\u00e3o Luiz 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": -58.25,
    "architecture_energy": 36.784,
    "architecture_maturity": 44.251,
    "architecture_confidence": 91.83,
    "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": 33.15,
        "rotation_up": 23.85,
        "upward_expansion": 4.3,
        "deceleration": 54.53,
        "rotation_down": 45.51,
        "downward_expansion": 75.3
      },
      "activity_lines": [
        34.391999,
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        36.007573
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 33.919998,
    "trend_reference": 37.563494,
    "distance_from_trend": -0.096996,
    "trend_direction": "Weakening",
    "fair_value": 29.786193,
    "distance_from_fair_value": 0.138783,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.58152,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.17984,
    "excess_performance": -0.122792,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.096996,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058715,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.138783,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.163286,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.145815,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.012614,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.17984,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.241835,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 29998700,
      "relative_activity": 1.017644,
      "balance": 0.241835,
      "dry_up": 0.849806,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.060411,
      "annualized_volatility": 0.313111,
      "from_high_reference": -0.249422,
      "from_low_reference": 0.041569
    },
    "levels": {
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      "fair_value_reference": 29.786193,
      "structural_low": 32.566253,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.588235,
        "directional_follow_through": 0.411765,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.666667,
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        "worst_return": -0.185264,
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      },
      {
        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-17",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 29.665236,
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        "stage": 4,
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      },
      {
        "date": "2026-07-17",
        "close": 35.779999,
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        "typical_volume": 31951570.0,
        "trend": 38.252145,
        "fair_value": 29.702991,
        "relative_strength": -11.293999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.75687,
        "energy": 23.711911,
        "activity_lines": [
          35.538112,
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          35.686212,
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      },
      {
        "date": "2026-07-24",
        "close": 33.380001,
        "volume": 30088000,
        "typical_volume": 30823455.0,
        "trend": 37.988874,
        "fair_value": 29.714927,
        "relative_strength": -17.194772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.655141,
        "energy": 26.189004,
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          34.952667,
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      },
      {
        "date": "2026-07-31",
        "close": 34.64,
        "volume": 20677100,
        "typical_volume": 30089510.0,
        "trend": 37.800134,
        "fair_value": 29.74332,
        "relative_strength": -15.782825,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.560552,
        "energy": 23.971482,
        "activity_lines": [
          34.79,
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          35.234902,
          36.257904
        ]
      },
      {
        "date": "2026-08-07",
        "close": 33.919998,
        "volume": 29998700,
        "typical_volume": 29478585.0,
        "trend": 37.563494,
        "fair_value": 29.786193,
        "relative_strength": -14.58152,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.249676,
        "energy": 36.784325,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}