{ "ticker": { "uuid": "8b7c3917-d314-4502-a7fa-8ef2d382ebcf", "symbol": "SANB4", "name": "Banco Santander (Brasil) 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": "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": -29.677, "architecture_energy": 20.963, "architecture_maturity": 77.745, "architecture_confidence": 71.377, "architecture_tenure": "Established", "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": 40.01, "rotation_up": 29.47, "upward_expansion": 21.61, "deceleration": 44.05, "rotation_down": 28.41, "downward_expansion": 57.94 }, "activity_lines": [ 14.062933, 13.910567, 14.067354, 14.443863 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 14.64, "trend_reference": 15.10432, "distance_from_trend": -0.030741, "trend_direction": "Weakening", "fair_value": 13.699887, "distance_from_fair_value": 0.068622, "fair_value_direction": "Weakening", "relative_strength": -7.051305, "relative_strength_direction": "Improving", "price_momentum": -0.113474, "excess_performance": -0.056425, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030741, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054493, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.068622, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003104, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070513, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.108686, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.113474, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 5.023709, "read": "Demand-led" } ], "volume": { "latest": 4780300, "relative_activity": 5.19059, "balance": 5.023709, "dry_up": 3.127976, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.046448, "annualized_volatility": 0.265011, "from_high_reference": -0.223828, "from_low_reference": 0.147524 }, "levels": { "trend_reference": 15.10432, "fair_value_reference": 13.699887, 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15.369771, "fair_value": 13.666338, "relative_strength": -16.812644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.734124, "energy": 59.124779, "activity_lines": [ 13.6456, 13.766491, 14.163254, 14.671128 ] }, { "date": "2026-07-24", "close": 13.5, "volume": 1124700, "typical_volume": 515645.0, "trend": 15.256257, "fair_value": 13.67152, "relative_strength": -15.57709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.031412, "energy": 54.142228, "activity_lines": [ 13.599026, 13.701608, 14.06648, 14.550497 ] }, { "date": "2026-07-31", "close": 14.14, "volume": 4297000, "typical_volume": 708965.0, "trend": 15.176579, "fair_value": 13.683217, "relative_strength": -13.218177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.415607, "energy": 35.987508, "activity_lines": [ 13.767262, 13.761269, 14.040894, 14.478481 ] }, { "date": "2026-08-07", "close": 14.64, "volume": 4780300, "typical_volume": 920955.0, "trend": 15.10432, "fair_value": 13.699887, "relative_strength": -7.051305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.677349, "energy": 20.96294, "activity_lines": [ 14.062933, 13.910567, 14.067354, 14.443863 ] } ], "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." } } }