{
  "ticker": {
    "uuid": "8f23c1e8-0331-479b-bdff-70d84d20e6bc",
    "symbol": "CYRE3",
    "name": "Cyrela Brazil Realty S.A. Empreendimentos e Participa\u00e7\u00f5es",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.538,
    "architecture_energy": 45.817,
    "architecture_maturity": 50.246,
    "architecture_confidence": 92.878,
    "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": 27.65,
        "rotation_up": 20.0,
        "upward_expansion": 6.21,
        "deceleration": 49.18,
        "rotation_down": 54.07,
        "downward_expansion": 77.21
      },
      "activity_lines": [
        21.483333,
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        23.44471
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 21.67,
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    "distance_from_trend": -0.135367,
    "trend_direction": "Weakening",
    "fair_value": 21.658209,
    "distance_from_fair_value": 0.000544,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.5074,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.303887,
    "excess_performance": -0.246839,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.135367,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.098899,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.000544,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.046891,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.215074,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077647,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.303887,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.799884,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "balance": 0.799884,
      "dry_up": 1.166417,
      "accumulation_observations": 3,
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    "risk": {
      "range_context": 0.07955,
      "annualized_volatility": 0.39116,
      "from_high_reference": -0.398309,
      "from_low_reference": 0.092789
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    "levels": {
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      "fair_value_reference": 21.658209,
      "structural_low": 19.83,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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      {
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 21.657078,
        "relative_strength": -26.521277,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 21.37,
        "volume": 31470600,
        "typical_volume": 27056360.0,
        "trend": 25.166,
        "fair_value": 21.65866,
        "relative_strength": -25.380865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.208077,
        "energy": 44.802434,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 21.67,
        "volume": 32269400,
        "typical_volume": 26830345.0,
        "trend": 25.062667,
        "fair_value": 21.658209,
        "relative_strength": -21.5074,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "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."
    }
  }
}