{ "ticker": { "uuid": "c2c4c3ef-e574-49e3-a192-99d98383d3f4", "symbol": "D1OC34", "name": "DocuSign, 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 58.057, "architecture_energy": 72.632, "architecture_maturity": 24.678, "architecture_confidence": 62.783, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 22.42, "rotation_up": 74.85, "upward_expansion": 62.44, "deceleration": 23.79, "rotation_down": 18.87, "downward_expansion": 25.44 }, "activity_lines": [ 13.790667, 13.050545, 12.555429, 12.407011 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 15.06, "trend_reference": 12.462, "distance_from_trend": 0.208474, "trend_direction": "Weakening", "fair_value": 34.733526, "distance_from_fair_value": -0.566413, "fair_value_direction": "Improving", "relative_strength": -7.941496, "relative_strength_direction": "Improving", "price_momentum": 0.2436, "excess_performance": 0.300649, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.208474, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.134443, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.566413, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.091551, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.079415, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.367652, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.2436, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.80723, "read": "Demand-led" } ], "volume": { "latest": 2028, "relative_activity": 0.427298, "balance": 2.80723, "dry_up": 2.118107, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.067372, "annualized_volatility": 0.503394, "from_high_reference": -0.345217, "from_low_reference": 0.448077 }, "levels": { "trend_reference": 12.462, "fair_value_reference": 34.733526, "structural_low": 10.4, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.057802, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.0806, "regime_survival": 0.5, "best_return": 0.100326, "worst_return": -0.021526, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.021606, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.057563, "regime_survival": 0.0, "best_return": 0.140294, "worst_return": -0.097081, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.013164, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.022427, "regime_survival": 0.0, "best_return": 0.122349, "worst_return": -0.148676, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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"Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-06-07", "tenure": "Developing", "return": -0.051034, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-19", "tenure": "Developing", "return": 0.134307, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2025-01-31", "tenure": "Extended", "return": 0.861799, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-04-18", "tenure": "Developing", "return": -0.165217, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-09-19", "tenure": "Established", "return": -0.027802, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": -0.13823, 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"Early contraction", "gate": "down", "direction": -55.060548, "energy": 43.388349, "activity_lines": [ 11.688, 11.879273, 11.892905, 12.252387 ] }, { "date": "2026-07-10", "close": 12.42, "volume": 150, "typical_volume": 8551.4, "trend": 13.130667, "fair_value": 34.700513, "relative_strength": -30.726842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.439608, "energy": 22.446194, "activity_lines": [ 11.917333, 11.967818, 11.940238, 12.192194 ] }, { "date": "2026-07-17", "close": 13.66, "volume": 3227, "typical_volume": 8010.0, "trend": 12.950333, "fair_value": 34.709038, "relative_strength": -20.729804, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 20.291275, "energy": 25.748912, "activity_lines": [ 12.569333, 12.270545, 12.10081, 12.226344 ] }, { "date": "2026-07-24", "close": 12.1, "volume": 4234, "typical_volume": 7466.65, "trend": 12.712, "fair_value": 34.706218, "relative_strength": -28.556439, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -7.422071, "energy": 20.337407, "activity_lines": [ 12.533333, 12.257455, 12.102667, 12.171484 ] }, { "date": "2026-07-31", "close": 13.88, "volume": 30722, "typical_volume": 8290.65, "trend": 12.577333, "fair_value": 34.714744, "relative_strength": -18.635772, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.046757, "energy": 41.966133, "activity_lines": [ 13.042667, 12.557091, 12.276476, 12.246839 ] }, { "date": "2026-08-07", "close": 15.06, "volume": 2028, "typical_volume": 4746.1, "trend": 12.462, "fair_value": 34.733526, "relative_strength": -7.941496, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.057114, "energy": 72.631671, "activity_lines": [ 13.790667, 13.050545, 12.555429, 12.407011 ] } ], "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." } } }