{
  "ticker": {
    "uuid": "b282f4d2-bba2-4cf0-b578-40c6c4634113",
    "symbol": "VIVR3",
    "name": "Viver Incorporadora e Construtora 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": "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": -72.039,
    "architecture_energy": 69.159,
    "architecture_maturity": 100.0,
    "architecture_confidence": 96,
    "architecture_tenure": "Extended",
    "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": 4.37,
        "rotation_up": 29.85,
        "upward_expansion": 12.0,
        "deceleration": 60.78,
        "rotation_down": 59.93,
        "downward_expansion": 87.67
      },
      "activity_lines": [
        1.674,
        1.733091,
        2.319619,
        2.860903
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 1.63,
    "trend_reference": 3.710667,
    "distance_from_trend": -0.560726,
    "trend_direction": "Weakening",
    "fair_value": 17.308564,
    "distance_from_fair_value": -0.905827,
    "fair_value_direction": "Weakening",
    "relative_strength": -71.680698,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.732787,
    "excess_performance": -0.675739,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.560726,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.313263,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.905827,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.103235,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.716807,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.177178,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.732787,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.319346,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33800,
      "relative_activity": 0.933495,
      "balance": 0.319346,
      "dry_up": 0.542007,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.172723,
      "annualized_volatility": 0.6906,
      "from_high_reference": -0.854464,
      "from_low_reference": 0.031646
    },
    "levels": {
      "trend_reference": 3.710667,
      "fair_value_reference": 17.308564,
      "structural_low": 1.58,
      "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": 48,
        "median_return": -0.067432,
        "positive_rate": 0.208333,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.088722,
        "regime_survival": 0.916667,
        "best_return": 0.393939,
        "worst_return": -0.471875,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": -0.216393,
        "positive_rate": 0.133333,
        "directional_follow_through": 0.866667,
        "median_excess_return": -0.23631,
        "regime_survival": 0.733333,
        "best_return": 0.157895,
        "worst_return": -0.555,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.406626,
        "positive_rate": 0.125,
        "directional_follow_through": 0.875,
        "median_excess_return": -0.405179,
        "regime_survival": 0.625,
        "best_return": 0.517572,
        "worst_return": -0.712903,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.64032,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.72239,
        "regime_survival": 0.5,
        "best_return": 0.25,
        "worst_return": -0.676471,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2021-11-19",
        "end": "2022-10-28",
        "tenure": "Extended",
        "return": -0.711765,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2022-11-04",
        "end": "2022-11-11",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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        "return": -0.196078,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2023-09-01",
        "tenure": "Established",
        "return": -0.005,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.099448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-02-02",
        "tenure": "Developing",
        "return": -0.015102,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-03-01",
        "tenure": "New",
        "return": -0.23399,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "regime": "rotation_up",
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      {
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-07-03",
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        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -73.939509,
        "stage": 4,
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        "gate": "down",
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        "energy": 89.691575,
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          1.74,
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      },
      {
        "date": "2026-07-17",
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        "volume": 12000,
        "typical_volume": 41631.5,
        "trend": 4.157667,
        "fair_value": 17.861158,
        "relative_strength": -72.42044,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.601892,
        "energy": 88.315976,
        "activity_lines": [
          1.720667,
          2.050182,
          2.724095,
          3.314753
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.69,
        "volume": 18200,
        "typical_volume": 38621.5,
        "trend": 4.007333,
        "fair_value": 17.673958,
        "relative_strength": -72.510887,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.162756,
        "energy": 82.009146,
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          1.71,
          1.913273,
          2.579667,
          3.155548
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      },
      {
        "date": "2026-07-31",
        "close": 1.67,
        "volume": 14500,
        "typical_volume": 35750.0,
        "trend": 3.859667,
        "fair_value": 17.480281,
        "relative_strength": -72.681207,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.766751,
        "energy": 69.109007,
        "activity_lines": [
          1.698667,
          1.809273,
          2.445286,
          3.004753
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.63,
        "volume": 33800,
        "typical_volume": 36208.0,
        "trend": 3.710667,
        "fair_value": 17.308564,
        "relative_strength": -71.680698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.039457,
        "energy": 69.159498,
        "activity_lines": [
          1.674,
          1.733091,
          2.319619,
          2.860903
        ]
      }
    ],
    "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."
    }
  }
}