{ "ticker": { "uuid": "b55cbc64-864f-4909-a062-854b7419935f", "symbol": "VVEO3", "name": "CM Hospitalar 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": -64.818, "architecture_energy": 79.368, "architecture_maturity": 42.0, "architecture_confidence": 96, "architecture_tenure": "Developing", "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": 10.52, "rotation_up": 16.41, "upward_expansion": 18.94, "deceleration": 39.39, "rotation_down": 65.38, "downward_expansion": 89.94 }, "activity_lines": [ 0.635333, 0.711455, 0.94, 1.065957 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 0.64, "trend_reference": 1.215667, "distance_from_trend": -0.47354, "trend_direction": "Weakening", "fair_value": 4.109943, "distance_from_fair_value": -0.84428, "fair_value_direction": "Weakening", "relative_strength": -50.467685, "relative_strength_direction": "Weakening", "price_momentum": -0.546099, "excess_performance": -0.489051, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.47354, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.152649, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.84428, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.076586, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.504677, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.356384, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.546099, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.234276, "read": "Supply-led" } ], "volume": { "latest": 4068900, "relative_activity": 0.501285, "balance": 0.234276, "dry_up": 0.970329, "accumulation_observations": 0, "distribution_observations": 5 }, "risk": { "range_context": 0.253606, "annualized_volatility": 1.012226, "from_high_reference": -0.655914, "from_low_reference": 0.142857 }, "levels": { "trend_reference": 1.215667, "fair_value_reference": 4.109943, "structural_low": 0.56, "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": 28, "median_return": -0.101162, "positive_rate": 0.321429, "directional_follow_through": 0.678571, "median_excess_return": -0.106598, "regime_survival": 0.892857, "best_return": 0.320225, "worst_return": -0.42963, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.15942, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.254855, "regime_survival": 0.777778, "best_return": 0.314286, "worst_return": -0.577616, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.334278, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.33608, "regime_survival": 0.6, "best_return": 0.189655, "worst_return": -0.757306, "sufficient": true }, { "horizon": "Full 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-58.34601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.862241, "energy": 93.653761, "activity_lines": [ 0.665333, 0.882545, 1.08819, 1.184882 ] }, { "date": "2026-07-24", "close": 0.62, "volume": 7732900, "typical_volume": 8434375.0, "trend": 1.262, "fair_value": 4.358366, "relative_strength": -53.428894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.393986, "energy": 88.535978, "activity_lines": [ 0.614667, 0.809818, 1.033095, 1.14157 ] }, { "date": "2026-07-31", "close": 0.69, "volume": 6198200, "typical_volume": 8277275.0, "trend": 1.24, "fair_value": 4.233067, "relative_strength": -48.772036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.82772, "energy": 87.372919, "activity_lines": [ 0.630667, 0.760545, 0.987333, 1.104667 ] }, { "date": "2026-08-07", "close": 0.64, "volume": 4068900, "typical_volume": 8116935.0, "trend": 1.215667, "fair_value": 4.109943, "relative_strength": -50.467685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.818162, "energy": 79.367711, "activity_lines": [ 0.635333, 0.711455, 0.94, 1.065957 ] } ], "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." } } }