{ "ticker": { "uuid": "99314c8c-abef-4766-b4de-d0ea072b9bf2", "symbol": "EWZ", "name": "iShares MSCI Brazil ETF", "exchange": "MEX", "country": "MX", "assetType": "etf" }, "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": "^MXX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.54, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -43.989, "architecture_energy": 25.83, "architecture_maturity": 53.058, "architecture_confidence": 61.854, "architecture_tenure": "New", "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": 49.74, "rotation_up": 30.16, "upward_expansion": 18.98, "deceleration": 46.31, "rotation_down": 26.11, "downward_expansion": 55.31 }, "activity_lines": [ 621.738672, 616.2651, 622.91711, 632.076628 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 606.5, "trend_reference": 639.252329, "distance_from_trend": -0.051235, "trend_direction": "Improving", "fair_value": 557.624587, "distance_from_fair_value": 0.087649, "fair_value_direction": "Weakening", "relative_strength": -2.272363, "relative_strength_direction": "Weakening", "price_momentum": -0.059252, "excess_performance": -0.004586, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.051235, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01135, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.087649, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.125456, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022724, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.056887, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.059252, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.609422, "read": "Supply-led" } ], "volume": { "latest": 19808, "relative_activity": 0.070445, "balance": 0.609422, "dry_up": 0.125318, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.035732, "annualized_volatility": 0.214342, "from_high_reference": -0.153506, "from_low_reference": 0.174539 }, "levels": { "trend_reference": 639.252329, "fair_value_reference": 557.624587, 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"fair_value": 556.595392, "relative_strength": 2.611598, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.277816, "energy": 27.602158, "activity_lines": [ 621.833333, 612.678096, 626.517012, 634.360024 ] }, { "date": "2026-07-31", "close": 634.02002, "volume": 110796, "typical_volume": 288228.7, "trend": 638.907662, "fair_value": 557.18236, "relative_strength": 2.199803, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.126408, "energy": 29.221713, "activity_lines": [ 627.27334, 617.049136, 626.025205, 634.167445 ] }, { "date": "2026-08-07", "close": 606.5, "volume": 19808, "typical_volume": 281182.05, "trend": 639.252329, "fair_value": 557.624587, "relative_strength": -2.272363, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.989146, "energy": 25.829631, "activity_lines": [ 621.738672, 616.2651, 622.91711, 632.076628 ] } ], "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." } } }