{ "ticker": { "uuid": "7526a1b7-b458-4647-b52e-ab7192dbe82c", "symbol": "BCRI11", "name": "Banestes Recebiveis Imobiliarios Fundo Investimento Imobiliario FII", "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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -49.295, "architecture_energy": 34.533, "architecture_maturity": 60.709, "architecture_confidence": 82.366, "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": 27.38, "rotation_up": 26.28, "upward_expansion": 16.1, "deceleration": 46.14, "rotation_down": 39.91, "downward_expansion": 66.1 }, "activity_lines": [ 58.941366, 58.914399, 59.45129, 60.2802 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 58.689999, "trend_reference": 61.684416, "distance_from_trend": -0.048544, "trend_direction": "Weakening", "fair_value": 54.906185, "distance_from_fair_value": 0.068914, "fair_value_direction": "Weakening", "relative_strength": -7.200184, "relative_strength_direction": "Improving", "price_momentum": -0.094465, "excess_performance": -0.037417, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.048544, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016076, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.068914, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.04344, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.072002, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.080585, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.094465, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.422596, "read": "Demand-led" } ], "volume": { "latest": 24386, "relative_activity": 0.966322, "balance": 1.422596, "dry_up": 0.871685, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.022674, "annualized_volatility": 0.096123, "from_high_reference": -0.147651, "from_low_reference": 0.044384 }, "levels": { "trend_reference": 61.684416, "fair_value_reference": 54.906185, "structural_low": 57.513924, "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": 28, "median_return": 0.000764, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006989, "regime_survival": 0.821429, "best_return": 0.159074, "worst_return": -0.145047, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.003922, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.003806, "regime_survival": 0.6, "best_return": 0.107658, "worst_return": -0.114248, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.01961, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.056523, "regime_survival": 0.571429, "best_return": 0.238407, "worst_return": -0.141861, "sufficient": true }, { "horizon": "Full cycle", 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"activity_lines": [ 58.825568, 59.043519, 59.881786, 60.892869 ] }, { "date": "2026-07-24", "close": 59.175574, "volume": 17310, "typical_volume": 27773.4, "trend": 62.164195, "fair_value": 54.796244, "relative_strength": -8.150932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.688387, "energy": 44.405791, "activity_lines": [ 58.910253, 59.030337, 59.738539, 60.688401 ] }, { "date": "2026-07-31", "close": 59.086781, "volume": 20820, "typical_volume": 25668.6, "trend": 61.939695, "fair_value": 54.850731, "relative_strength": -9.841099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.364762, "energy": 35.679666, "activity_lines": [ 59.007197, 59.002353, 59.606695, 60.489858 ] }, { "date": "2026-08-07", "close": 58.689999, "volume": 24386, "typical_volume": 25235.9, "trend": 61.684416, "fair_value": 54.906185, "relative_strength": -7.200184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.29483, "energy": 34.532634, "activity_lines": [ 58.941366, 58.914399, 59.45129, 60.2802 ] } ], "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." } } }