{ "ticker": { "uuid": "80f2fe24-19b5-45e2-b223-22a208f36bf1", "symbol": "FCXO34", "name": "Freeport-McMoRan Inc.", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 58.941, "architecture_energy": 24.549, "architecture_maturity": 16.658, "architecture_confidence": 64.604, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.49, "rotation_up": 39.11, "upward_expansion": 63.06, "deceleration": 65.25, "rotation_down": 24.54, "downward_expansion": 10.4 }, "activity_lines": [ 109.187369, 108.373332, 107.882424, 107.206974 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 118.190002, "trend_reference": 106.744526, "distance_from_trend": 0.107223, "trend_direction": "Improving", "fair_value": 81.376464, "distance_from_fair_value": 0.452386, "fair_value_direction": "Improving", "relative_strength": 20.801466, "relative_strength_direction": "Improving", "price_momentum": 0.125021, "excess_performance": 0.18207, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.107223, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.084685, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.452386, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.15359, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.208015, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.217906, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.125021, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.02113, "read": "Demand-led" } ], "volume": { "latest": 120543, "relative_activity": 2.611499, "balance": 2.02113, "dry_up": 1.112134, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.074392, "annualized_volatility": 0.466904, "from_high_reference": -0.016967, "from_low_reference": 0.889793 }, "levels": { "trend_reference": 106.744526, "fair_value_reference": 81.376464, "structural_low": 89.528591, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.025398, "positive_rate": 0.411765, "directional_follow_through": 0.411765, "median_excess_return": -0.026509, "regime_survival": 0.470588, "best_return": 0.269606, "worst_return": -0.119751, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.082021, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.139211, "regime_survival": 0.125, "best_return": 0.436687, "worst_return": -0.236666, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.051831, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.109049, "regime_survival": 0.285714, "best_return": 0.449936, "worst_return": -0.169509, "sufficient": true }, 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2.073439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.626878, "energy": 14.610189, "activity_lines": [ 104.630425, 107.254882, 106.645666, 106.3817 ] }, { "date": "2026-07-24", "close": 105.68, "volume": 37585, "typical_volume": 52672.5, "trend": 105.722138, "fair_value": 80.791556, "relative_strength": 7.687048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.197061, "energy": 12.168556, "activity_lines": [ 104.248517, 106.835093, 106.66022, 106.395946 ] }, { "date": "2026-07-31", "close": 106.260002, "volume": 25786, "typical_volume": 48853.9, "trend": 106.156946, "fair_value": 81.040616, "relative_strength": 5.721765, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.571192, "energy": 13.109607, "activity_lines": [ 104.717153, 106.543122, 106.719431, 106.430647 ] }, { "date": "2026-08-07", "close": 118.190002, "volume": 120543, "typical_volume": 46158.55, "trend": 106.744526, "fair_value": 81.376464, "relative_strength": 20.801466, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.94138, "energy": 24.549146, "activity_lines": [ 109.187369, 108.373332, 107.882424, 107.206974 ] } ], "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." } } }