{
  "ticker": {
    "uuid": "790fc239-bd02-440c-bf20-9ce08ca11a1a",
    "symbol": "IFCM3",
    "name": "Infracommerce CXaaS 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": -67.848,
    "architecture_energy": 83.635,
    "architecture_maturity": 44.0,
    "architecture_confidence": 91.684,
    "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": 8.18,
        "rotation_up": 14.35,
        "upward_expansion": 20.18,
        "deceleration": 38.18,
        "rotation_down": 74.09,
        "downward_expansion": 95.85
      },
      "activity_lines": [
        1.689333,
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        2.549952,
        2.926064
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 1.82,
    "trend_reference": 3.285292,
    "distance_from_trend": -0.446016,
    "trend_direction": "Weakening",
    "fair_value": 675.596576,
    "distance_from_fair_value": -0.997306,
    "fair_value_direction": "Weakening",
    "relative_strength": -82.223971,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.355267,
    "excess_performance": -0.298218,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.446016,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.35125,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.997306,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001365,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.82224,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.100133,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.355267,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.697013,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1358000,
      "relative_activity": 4.556999,
      "balance": 0.697013,
      "dry_up": 1.859964,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.243026,
      "annualized_volatility": 1.091082,
      "from_high_reference": -0.978382,
      "from_low_reference": 0.29078
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    "levels": {
      "trend_reference": 3.285292,
      "fair_value_reference": 675.596576,
      "structural_low": 1.41,
      "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": 34,
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        "positive_rate": 0.294118,
        "directional_follow_through": 0.676471,
        "median_excess_return": -0.149883,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-10",
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      },
      {
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      {
        "date": "2026-05-22",
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      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "volume": 99700,
        "typical_volume": 344713.15,
        "trend": 3.675358,
        "fair_value": 729.105362,
        "relative_strength": -87.481933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.798585,
        "energy": 90.435653,
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          2.167333,
          2.475636,
          3.055345,
          3.304357
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      },
      {
        "date": "2026-07-24",
        "close": 1.49,
        "volume": 571300,
        "typical_volume": 277460.2,
        "trend": 3.536834,
        "fair_value": 711.649708,
        "relative_strength": -89.394645,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.790559,
        "energy": 93.529887,
        "activity_lines": [
          1.882667,
          2.255273,
          2.862513,
          3.163366
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.43,
        "volume": 188100,
        "typical_volume": 244331.45,
        "trend": 3.391356,
        "fair_value": 693.98575,
        "relative_strength": -88.443494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.559391,
        "energy": 92.369302,
        "activity_lines": [
          1.688667,
          2.056,
          2.681633,
          3.027442
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.82,
        "volume": 1358000,
        "typical_volume": 298003.15,
        "trend": 3.285292,
        "fair_value": 675.596576,
        "relative_strength": -82.223971,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.848127,
        "energy": 83.634764,
        "activity_lines": [
          1.689333,
          1.958909,
          2.549952,
          2.926064
        ]
      }
    ],
    "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."
    }
  }
}