{
  "ticker": {
    "uuid": "c48096d4-14b4-4a73-ab8c-190ed3d0408b",
    "symbol": "FIQE3",
    "name": "Unifique Telecomunica\u00e7\u00f5es 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 64.493,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -48.357,
    "architecture_energy": 65.37,
    "architecture_maturity": 16.952,
    "architecture_confidence": 63.452,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 15.18,
        "rotation_up": 18.42,
        "upward_expansion": 21.86,
        "deceleration": 45.38,
        "rotation_down": 72.28,
        "downward_expansion": 63.52
      },
      "activity_lines": [
        5.410789,
        5.554988,
        5.932554,
        6.002104
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 5.26,
    "trend_reference": 5.92274,
    "distance_from_trend": -0.111898,
    "trend_direction": "Improving",
    "fair_value": 3.532776,
    "distance_from_fair_value": 0.488914,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.853954,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.023346,
    "excess_performance": 0.080395,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.111898,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07111,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.488914,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.614428,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.00854,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.369738,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.023346,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.47042,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5249400,
      "relative_activity": 1.556775,
      "balance": 0.47042,
      "dry_up": 1.031875,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068882,
      "annualized_volatility": 0.354455,
      "from_high_reference": -0.322165,
      "from_low_reference": 0.768802
    },
    "levels": {
      "trend_reference": 5.92274,
      "fair_value_reference": 3.532776,
      "structural_low": 5.08,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.013698,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.004918,
        "regime_survival": 0.4,
        "best_return": 0.110145,
        "worst_return": -0.022989,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.092754,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.016114,
        "regime_survival": 0.0,
        "best_return": 0.129759,
        "worst_return": 0.067775,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.112412,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.006926,
        "regime_survival": 0.0,
        "best_return": 0.129889,
        "worst_return": 0.086857,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.477667,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.252092,
        "regime_survival": 0.0,
        "best_return": 0.77252,
        "worst_return": 0.182814,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.005168,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.018325,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.058048,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.022989,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.044549,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.086207,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-04-04",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.070461,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-09",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": -0.035088,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-20",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.089663,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.058253,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-10-31",
        "tenure": "New",
        "return": 0.045553,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2026-05-15",
        "tenure": "Extended",
        "return": 0.488141,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-22",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.09092,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.04579,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1079259.45,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
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      },
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      },
      {
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        "date": "2026-04-17",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 5.512412,
        "volume": 3386700,
        "typical_volume": 3481770.0,
        "trend": 5.86688,
        "fair_value": 3.486027,
        "relative_strength": 6.841088,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.320885,
        "energy": 63.610582,
        "activity_lines": [
          5.674808,
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          6.188813,
          6.101484
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.472967,
        "volume": 2468200,
        "typical_volume": 3432850.0,
        "trend": 5.89474,
        "fair_value": 3.502743,
        "relative_strength": 5.146245,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.970735,
        "energy": 61.97375,
        "activity_lines": [
          5.599848,
          5.75725,
          6.113242,
          6.076071
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.4,
        "volume": 2813500,
        "typical_volume": 3369995.0,
        "trend": 5.91174,
        "fair_value": 3.51729,
        "relative_strength": 0.881595,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.229083,
        "energy": 59.709261,
        "activity_lines": [
          5.515701,
          5.659755,
          6.02966,
          6.044152
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.26,
        "volume": 5249400,
        "typical_volume": 3371970.0,
        "trend": 5.92274,
        "fair_value": 3.532776,
        "relative_strength": 0.853954,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.35721,
        "energy": 65.369751,
        "activity_lines": [
          5.410789,
          5.554988,
          5.932554,
          6.002104
        ]
      }
    ],
    "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."
    }
  }
}