{
  "ticker": {
    "uuid": "b701089e-dd54-4c8c-81d4-c3a7711d7587",
    "symbol": "CUERVO",
    "name": "Becle, S.A.B. de C.V.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 59.91,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 19.468,
    "architecture_energy": 36.987,
    "architecture_maturity": 7.989,
    "architecture_confidence": 42.351,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 42.55,
        "rotation_up": 47.66,
        "upward_expansion": 38.71,
        "deceleration": 30.63,
        "rotation_down": 14.26,
        "downward_expansion": 47.05
      },
      "activity_lines": [
        15.364,
        15.031636,
        14.675172,
        14.875871
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 15.95,
    "trend_reference": 15.56305,
    "distance_from_trend": 0.024863,
    "trend_direction": "Weakening",
    "fair_value": 24.594615,
    "distance_from_fair_value": -0.351484,
    "fair_value_direction": "Improving",
    "relative_strength": -12.325357,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.133771,
    "excess_performance": -0.079104,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.024863,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.11471,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.351484,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.13047,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.123254,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.249473,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.133771,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.392031,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8893497,
      "relative_activity": 1.046792,
      "balance": 1.392031,
      "dry_up": 1.064453,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.043357,
      "annualized_volatility": 0.282071,
      "from_high_reference": -0.34442,
      "from_low_reference": 0.223588
    },
    "levels": {
      "trend_reference": 15.56305,
      "fair_value_reference": 24.594615,
      "structural_low": 13.035431,
      "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": 14,
        "median_return": -0.049202,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.07172,
        "regime_survival": 0.5,
        "best_return": 0.096905,
        "worst_return": -0.137333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.074589,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.063261,
        "regime_survival": 0.428571,
        "best_return": 0.030995,
        "worst_return": -0.226021,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.226301,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.114776,
        "regime_survival": 0.2,
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        "worst_return": -0.326704,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.158114,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.2031,
        "regime_survival": 0.0,
        "best_return": -0.153888,
        "worst_return": -0.313709,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-24",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.088439,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
        "return": 0.003101,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-05-02",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 25.231672,
        "relative_strength": -23.205376,
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        "gate": "down",
        "direction": -32.12416,
        "energy": 20.351445,
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      },
      {
        "date": "2026-07-17",
        "close": 14.8,
        "volume": 10199371,
        "typical_volume": 11382784.85,
        "trend": 16.100896,
        "fair_value": 25.096828,
        "relative_strength": -21.022987,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.603409,
        "energy": 14.843709,
        "activity_lines": [
          14.656,
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          14.425187,
          14.972
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      },
      {
        "date": "2026-07-24",
        "close": 14.79,
        "volume": 8028094,
        "typical_volume": 10984863.45,
        "trend": 15.920159,
        "fair_value": 24.941618,
        "relative_strength": -19.819692,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.874205,
        "energy": 13.180592,
        "activity_lines": [
          14.701333,
          14.583091,
          14.445034,
          14.887426
        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.56,
        "volume": 9053227,
        "typical_volume": 10093411.05,
        "trend": 15.768936,
        "fair_value": 24.768034,
        "relative_strength": -15.364602,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.204049,
        "energy": 16.635768,
        "activity_lines": [
          14.999333,
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          14.544015,
          14.86419
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.95,
        "volume": 8893497,
        "typical_volume": 8495956.2,
        "trend": 15.56305,
        "fair_value": 24.594615,
        "relative_strength": -12.325357,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 19.46801,
        "energy": 36.987271,
        "activity_lines": [
          15.364,
          15.031636,
          14.675172,
          14.875871
        ]
      }
    ],
    "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."
    }
  }
}