{ "ticker": { "uuid": "990dcdc8-06ae-4773-aed6-235268d9872a", "symbol": "MFII11", "name": "M\u00e9rito Desenvolvimento Imobili\u00e1rio I FII - Fundo de Investimento Imobili\u00e1rio", "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": -92.124, "architecture_energy": 73.66, "architecture_maturity": 51.224, "architecture_confidence": 82.125, "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": 22.19, "rotation_up": 17.59, "upward_expansion": 12.0, "deceleration": 52.09, "rotation_down": 66.99, "downward_expansion": 80.67 }, "activity_lines": [ 43.190667, 46.262009, 49.960148, 54.71766 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 28.6, "trend_reference": 60.983793, "distance_from_trend": -0.531023, "trend_direction": "Weakening", "fair_value": 68.967178, "distance_from_fair_value": -0.58531, "fair_value_direction": "Weakening", "relative_strength": -57.920569, "relative_strength_direction": "Weakening", "price_momentum": -0.617742, "excess_performance": -0.560694, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.531023, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.110249, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.58531, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.406001, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.579206, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.26691, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.617742, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.233842, "read": "Supply-led" } ], "volume": { "latest": 445484, "relative_activity": 3.32185, "balance": 0.233842, "dry_up": 1.258702, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.169905, "annualized_volatility": 0.803526, "from_high_reference": -0.627919, "from_low_reference": 0.043796 }, "levels": { "trend_reference": 60.983793, "fair_value_reference": 68.967178, "structural_low": 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"modifier": "Established contraction", "gate": "down", "direction": -47.381548, "energy": 47.377691, "activity_lines": [ 51.10752, 50.177307, 54.255376, 58.64373 ] }, { "date": "2026-07-24", "close": 50.700001, "volume": 72689, "typical_volume": 125620.0, "trend": 63.125114, "fair_value": 69.268263, "relative_strength": -28.217956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.806217, "energy": 42.506949, "activity_lines": [ 51.092784, 50.269062, 53.467736, 57.799698 ] }, { "date": "2026-07-31", "close": 49.15, "volume": 84606, "typical_volume": 121140.1, "trend": 62.396481, "fair_value": 69.183967, "relative_strength": -31.114627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.683754, "energy": 45.57217, "activity_lines": [ 50.508667, 50.113401, 52.638481, 56.898078 ] }, { "date": "2026-08-07", "close": 28.6, "volume": 445484, "typical_volume": 134107.2, "trend": 60.983793, "fair_value": 68.967178, "relative_strength": -57.920569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.123755, "energy": 73.659592, "activity_lines": [ 43.190667, 46.262009, 49.960148, 54.71766 ] } ], "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." } } }