{ "ticker": { "uuid": "8cae0ac9-0c97-4648-aedc-88ab65df9fa4", "symbol": "SANB11", "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": 92.494, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -10.133, "architecture_energy": 16.039, "architecture_maturity": 81.991, "architecture_confidence": 58.297, "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": 47.75, "rotation_up": 38.15, "upward_expansion": 23.4, "deceleration": 41.31, "rotation_down": 19.97, "downward_expansion": 57.4 }, "activity_lines": [ 27.945325, 27.30589, 27.444391, 28.237855 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 29.27, "trend_reference": 29.637252, "distance_from_trend": -0.012392, "trend_direction": "Weakening", "fair_value": 26.303452, "distance_from_fair_value": 0.112782, "fair_value_direction": "Improving", "relative_strength": -4.544962, "relative_strength_direction": "Improving", "price_momentum": -0.12301, "excess_performance": -0.065962, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012392, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054151, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.112782, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018754, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04545, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.127036, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.12301, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.976585, "read": "Demand-led" } ], "volume": { "latest": 37278000, "relative_activity": 2.497337, "balance": 3.976585, "dry_up": 2.232512, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.04657, "annualized_volatility": 0.287327, "from_high_reference": -0.212958, "from_low_reference": 0.200678 }, "levels": { "trend_reference": 29.637252, "fair_value_reference": 26.303452, "structural_low": 24.969498, "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": 22, "median_return": 0.002928, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.01168, "regime_survival": 0.681818, "best_return": 0.216689, "worst_return": -0.090857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.114295, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.013495, "regime_survival": 0.125, "best_return": 0.206219, "worst_return": -0.097929, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.046302, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": -0.04757, "regime_survival": 0.0, "best_return": 0.267504, "worst_return": -0.068934, "sufficient": true }, { "horizon": "Full cycle", 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26.365085, 26.707242, 27.883162, 29.077403 ] }, { "date": "2026-07-10", "close": 27.07725, "volume": 19344400, "typical_volume": 11845035.0, "trend": 30.279165, "fair_value": 26.206536, "relative_strength": -15.379115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.263934, "energy": 57.793493, "activity_lines": [ 26.559874, 26.698844, 27.692783, 28.862903 ] }, { "date": "2026-07-17", "close": 26.12631, "volume": 18301700, "typical_volume": 11731150.0, "trend": 30.112765, "fair_value": 26.213048, "relative_strength": -16.077277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.135024, "energy": 56.903247, "activity_lines": [ 26.414533, 26.553234, 27.454705, 28.594977 ] }, { "date": "2026-07-24", "close": 26.34, "volume": 22154600, "typical_volume": 11932935.0, "trend": 29.890582, "fair_value": 26.227473, "relative_strength": -15.225013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.171414, "energy": 50.609111, "activity_lines": [ 26.407335, 26.490543, 27.269391, 28.351573 ] }, { "date": "2026-07-31", "close": 28.62, "volume": 55565400, "typical_volume": 13782345.0, "trend": 29.762052, "fair_value": 26.261716, "relative_strength": -9.706714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.603567, "energy": 23.86188, "activity_lines": [ 27.160923, 26.852944, 27.323347, 28.2696 ] }, { "date": "2026-08-07", "close": 29.27, "volume": 37278000, "typical_volume": 14927100.0, "trend": 29.637252, "fair_value": 26.303452, "relative_strength": -4.544962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.133273, "energy": 16.038876, "activity_lines": [ 27.945325, 27.30589, 27.444391, 28.237855 ] } ], "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." } } }