{ "ticker": { "uuid": "7934bc23-6510-44ad-b523-c9c35000595d", "symbol": "IGTI4", "name": "Iguatemi 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.719, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -53.974, "architecture_energy": 34.743, "architecture_maturity": 20.308, "architecture_confidence": 92.797, "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": 41.71, "rotation_up": 20.39, "upward_expansion": 4.16, "deceleration": 48.86, "rotation_down": 47.67, "downward_expansion": 75.16 }, "activity_lines": [ 10.937163, 11.034414, 11.323207, 11.583089 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 10.9, "trend_reference": 11.878617, "distance_from_trend": -0.082385, "trend_direction": "Weakening", "fair_value": 9.634503, "distance_from_fair_value": 0.131351, "fair_value_direction": "Weakening", "relative_strength": -7.813128, "relative_strength_direction": "Weakening", "price_momentum": -0.135454, "excess_performance": -0.078406, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.082385, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.009188, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.131351, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.195788, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078131, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.047966, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.135454, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.648485, "read": "Supply-led" } ], "volume": { "latest": 15700, "relative_activity": 3.45815, "balance": 0.648485, "dry_up": 1.464758, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.079429, "annualized_volatility": 0.348507, "from_high_reference": -0.194978, "from_low_reference": 0.160311 }, "levels": { "trend_reference": 11.878617, "fair_value_reference": 9.634503, "structural_low": 10.22445, "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": 6, "median_return": -0.006878, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.017429, "regime_survival": 0.833333, "best_return": 0.153463, "worst_return": -0.094203, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.100615, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.051171, "regime_survival": 0.5, "best_return": 0.248684, "worst_return": -0.047453, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.18943, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.088308, "regime_survival": 0.0, "best_return": 0.18943, "worst_return": 0.18943, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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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." } } }