{
  "ticker": {
    "uuid": "b8fa3283-8964-4e7c-a47f-4209c491f330",
    "symbol": "VERZ34",
    "name": "Verizon Communications Inc.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 64.879,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -18.168,
    "architecture_energy": 16.63,
    "architecture_maturity": 23.989,
    "architecture_confidence": 52.545,
    "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": 59.59,
        "rotation_up": 37.85,
        "upward_expansion": 21.27,
        "deceleration": 40.62,
        "rotation_down": 23.26,
        "downward_expansion": 55.27
      },
      "activity_lines": [
        39.391333,
        38.69337,
        38.815347,
        39.374355
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 39.93,
    "trend_reference": 39.622919,
    "distance_from_trend": 0.00775,
    "trend_direction": "Improving",
    "fair_value": 35.294308,
    "distance_from_fair_value": 0.131344,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.280969,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.012719,
    "excess_performance": 0.069767,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.00775,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.022497,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.131344,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001079,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.00281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.145909,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012719,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.407231,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 18001,
      "relative_activity": 0.613153,
      "balance": 1.407231,
      "dry_up": 0.594035,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059593,
      "annualized_volatility": 0.298301,
      "from_high_reference": -0.118133,
      "from_low_reference": 0.196222
    },
    "levels": {
      "trend_reference": 39.622919,
      "fair_value_reference": 35.294308,
      "structural_low": 35.150002,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.014598,
        "positive_rate": 0.347826,
        "directional_follow_through": 0.347826,
        "median_excess_return": -0.022781,
        "regime_survival": 0.521739,
        "best_return": 0.218318,
        "worst_return": -0.080101,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.02477,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.009857,
        "regime_survival": 0.2,
        "best_return": 0.206002,
        "worst_return": -0.195545,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.003584,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.094914,
        "regime_survival": 0.428571,
        "best_return": 0.158598,
        "worst_return": -0.226372,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.071298,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.268495,
        "regime_survival": 0.333333,
        "best_return": -0.055449,
        "worst_return": -0.193346,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": -0.042026,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": -0.022681,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-07",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.06743,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-07",
        "tenure": "New",
        "return": 0.049728,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-14",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": -0.003364,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": -0.06762,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-07-04",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.005825,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.059074,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.015106,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-02-20",
        "tenure": "Developing",
        "return": 0.133657,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-04-10",
        "tenure": "Developing",
        "return": -0.08825,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-17",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.063937,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.140278,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "close": 37.0,
        "volume": 56783,
        "typical_volume": 70762.85,
        "trend": 38.079959,
        "fair_value": 33.945404,
        "relative_strength": -21.75086,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.123098,
        "energy": 22.06552,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 72248.3,
        "trend": 38.148671,
        "fair_value": 34.02659,
        "relative_strength": -14.401013,
        "stage": 3,
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        "modifier": "Recompressing",
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        "energy": 24.127389,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 38.619999,
        "volume": 6663,
        "typical_volume": 71687.45,
        "trend": 38.247831,
        "fair_value": 34.103859,
        "relative_strength": -14.309928,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.707496,
        "energy": 21.943692,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 39.080002,
        "volume": 17217,
        "typical_volume": 71951.1,
        "trend": 38.362977,
        "fair_value": 34.188447,
        "relative_strength": -9.497445,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.604275,
        "energy": 18.196424,
        "activity_lines": [
          38.731334,
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          40.241782,
          39.520058
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      },
      {
        "date": "2026-05-22",
        "close": 40.330002,
        "volume": 5918,
        "typical_volume": 71680.0,
        "trend": 38.573931,
        "fair_value": 34.286636,
        "relative_strength": -5.605966,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.568161,
        "energy": 9.373331,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 40.130001,
        "volume": 1786,
        "typical_volume": 71434.0,
        "trend": 38.751148,
        "fair_value": 34.385978,
        "relative_strength": -4.304014,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.061756,
        "energy": 13.267757,
        "activity_lines": [
          39.729335,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 38.558987,
        "volume": 375,
        "typical_volume": 70954.0,
        "trend": 38.881542,
        "fair_value": 34.473921,
        "relative_strength": -5.029733,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.352598,
        "energy": 10.928203,
        "activity_lines": [
          39.405663,
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      },
      {
        "date": "2026-06-12",
        "close": 40.210102,
        "volume": 1326,
        "typical_volume": 70233.75,
        "trend": 39.042838,
        "fair_value": 34.569682,
        "relative_strength": -1.865676,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.059845,
        "energy": 16.39969,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 38.460121,
        "volume": 3344,
        "typical_volume": 69314.35,
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        "fair_value": 34.65937,
        "relative_strength": -4.408671,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 8.698189,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 39.300507,
        "volume": 1584,
        "typical_volume": 68035.3,
        "trend": 39.237313,
        "fair_value": 34.747253,
        "relative_strength": -4.657526,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -6.172272,
        "energy": 8.258951,
        "activity_lines": [
          39.214753,
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          39.819686,
          39.794972
        ]
      },
      {
        "date": "2026-07-03",
        "close": 36.150757,
        "volume": 4628,
        "typical_volume": 41080.25,
        "trend": 39.208503,
        "fair_value": 34.814613,
        "relative_strength": -12.332704,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -41.49385,
        "energy": 36.836509,
        "activity_lines": [
          38.154358,
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          39.392181,
          39.59584
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      },
      {
        "date": "2026-07-10",
        "close": 36.0,
        "volume": 27154,
        "typical_volume": 42280.3,
        "trend": 39.202066,
        "fair_value": 34.892829,
        "relative_strength": -13.97077,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.988769,
        "energy": 55.242721,
        "activity_lines": [
          37.308993,
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      },
      {
        "date": "2026-07-17",
        "close": 37.009998,
        "volume": 10274,
        "typical_volume": 42540.2,
        "trend": 39.230273,
        "fair_value": 34.978532,
        "relative_strength": -8.985414,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.063316,
        "energy": 52.813014,
        "activity_lines": [
          36.970893,
          37.901578,
          38.689475,
          39.247416
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.0,
        "volume": 11067,
        "typical_volume": 42052.4,
        "trend": 39.299048,
        "fair_value": 35.077948,
        "relative_strength": -3.757933,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.001127,
        "energy": 55.730566,
        "activity_lines": [
          37.509468,
          37.988296,
          38.614253,
          39.232559
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.05,
        "volume": 30417,
        "typical_volume": 31552.95,
        "trend": 39.483122,
        "fair_value": 35.192364,
        "relative_strength": -0.475599,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -16.821424,
        "energy": 11.556989,
        "activity_lines": [
          38.695383,
          38.449197,
          38.758277,
          39.345524
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.93,
        "volume": 18001,
        "typical_volume": 29358.1,
        "trend": 39.622919,
        "fair_value": 35.294308,
        "relative_strength": 0.280969,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.168351,
        "energy": 16.630006,
        "activity_lines": [
          39.391333,
          38.69337,
          38.815347,
          39.374355
        ]
      }
    ],
    "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."
    }
  }
}