{
  "ticker": {
    "uuid": "8a7ba3c4-8ac2-4fdc-b54e-33fb0d6b65b2",
    "symbol": "AXIA3",
    "name": "AXIA Energia SA",
    "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": 91.845,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.76,
    "architecture_energy": 47.459,
    "architecture_maturity": 23.552,
    "architecture_confidence": 89.072,
    "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": 32.14,
        "rotation_up": 19.95,
        "upward_expansion": 8.1,
        "deceleration": 45.14,
        "rotation_down": 49.64,
        "downward_expansion": 76.77
      },
      "activity_lines": [
        52.115999,
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        55.110602
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 53.049999,
    "trend_reference": 56.125667,
    "distance_from_trend": -0.0548,
    "trend_direction": "Weakening",
    "fair_value": 41.420544,
    "distance_from_fair_value": 0.280765,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.167337,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.079473,
    "excess_performance": -0.022424,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.0548,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.033105,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.280765,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.195227,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.061673,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.055564,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.079473,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.067898,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 62359200,
      "relative_activity": 1.577927,
      "balance": 1.067898,
      "dry_up": 1.389033,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.05539,
      "annualized_volatility": 0.29679,
      "from_high_reference": -0.218013,
      "from_low_reference": 0.327375
    },
    "levels": {
      "trend_reference": 56.125667,
      "fair_value_reference": 41.420544,
      "structural_low": 49.27,
      "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": 18,
        "median_return": 0.020837,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.000791,
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        "worst_return": -0.137895,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "worst_return": -0.201951,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "worst_return": -0.029819,
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      {
        "horizon": "Full cycle",
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        "regime": "rotation_up",
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      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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      },
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        "regime": "downward_expansion",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 41.047645,
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        "modifier": "Early contraction",
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        "energy": 37.495432,
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      },
      {
        "date": "2026-07-24",
        "close": 50.259998,
        "volume": 44356900,
        "typical_volume": 38305870.0,
        "trend": 55.975,
        "fair_value": 41.155284,
        "relative_strength": -11.704557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.99752,
        "energy": 56.544127,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 52.82,
        "volume": 58452600,
        "typical_volume": 39059780.0,
        "trend": 56.069,
        "fair_value": 41.288418,
        "relative_strength": -9.431778,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.105986,
        "energy": 53.33593,
        "activity_lines": [
          51.851333,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 53.049999,
        "volume": 62359200,
        "typical_volume": 39519710.0,
        "trend": 56.125667,
        "fair_value": 41.420544,
        "relative_strength": -6.167337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.759743,
        "energy": 47.458748,
        "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."
    }
  }
}