{
  "ticker": {
    "uuid": "c630bd4c-1c81-4aaa-8fe6-fefdf782a6c3",
    "symbol": "BOXP34",
    "name": "BXP, 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 74.602,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.165,
    "architecture_energy": 94.213,
    "architecture_maturity": 14.006,
    "architecture_confidence": 72.174,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 18.86,
        "rotation_up": 79.45,
        "upward_expansion": 92.97,
        "deceleration": 47.51,
        "rotation_down": 8.56,
        "downward_expansion": 21.97
      },
      "activity_lines": [
        34.884665,
        33.966691,
        32.452261,
        31.509057
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 35.759998,
    "trend_reference": 31.093454,
    "distance_from_trend": 0.150081,
    "trend_direction": "Weakening",
    "fair_value": 34.415457,
    "distance_from_fair_value": 0.039068,
    "fair_value_direction": "Improving",
    "relative_strength": -0.044578,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.080668,
    "excess_performance": 0.137716,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.150081,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.03923,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.039068,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.18399,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.000446,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.313396,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.080668,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 77.301887,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3,
      "relative_activity": 0.00694,
      "balance": 77.301887,
      "dry_up": 0.013302,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.026406,
      "annualized_volatility": 0.259303,
      "from_high_reference": -0.132999,
      "from_low_reference": 0.387826
    },
    "levels": {
      "trend_reference": 31.093454,
      "fair_value_reference": 34.415457,
      "structural_low": 25.766909,
      "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": 16,
        "median_return": -0.02674,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.036489,
        "regime_survival": 0.5,
        "best_return": 0.163446,
        "worst_return": -0.15495,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.058562,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.060661,
        "regime_survival": 0.285714,
        "best_return": 0.261342,
        "worst_return": -0.110039,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.007909,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015879,
        "regime_survival": 0.0,
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        "worst_return": -0.325646,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.01443,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.074383,
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        "best_return": 0.332959,
        "worst_return": -0.240763,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-12-13",
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        "return": -0.042285,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-01-03",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-07",
        "tenure": "Developing",
        "return": -0.000467,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-14",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.10525,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-06-13",
        "tenure": "Established",
        "return": 0.029649,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-15",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "New",
        "return": 0.047619,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.051515,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
        "return": -0.031125,
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.852916,
        "energy": 50.577645,
        "activity_lines": [
          28.443899,
          27.996362,
          29.469333,
          31.26046
        ]
      },
      {
        "date": "2026-05-08",
        "close": 28.896162,
        "volume": 15,
        "typical_volume": 805.8,
        "trend": 33.20853,
        "fair_value": 33.793601,
        "relative_strength": -31.384211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.472078,
        "energy": 38.730923,
        "activity_lines": [
          28.712774,
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          30.963157
        ]
      },
      {
        "date": "2026-05-15",
        "close": 29.263317,
        "volume": 4002,
        "typical_volume": 1002.25,
        "trend": 32.923954,
        "fair_value": 33.839846,
        "relative_strength": -27.207003,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.160682,
        "energy": 36.971464,
        "activity_lines": [
          28.984289,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 29.322855,
        "volume": 39,
        "typical_volume": 1002.75,
        "trend": 32.594111,
        "fair_value": 33.893568,
        "relative_strength": -26.070968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.66732,
        "energy": 30.670837,
        "activity_lines": [
          29.108762,
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          28.96039,
          30.476299
        ]
      },
      {
        "date": "2026-05-29",
        "close": 30.63271,
        "volume": 8,
        "typical_volume": 1002.8,
        "trend": 32.363057,
        "fair_value": 33.947342,
        "relative_strength": -21.038345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.504379,
        "energy": 23.954506,
        "activity_lines": [
          29.648996,
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          29.005149,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 31.912792,
        "volume": 28,
        "typical_volume": 1004.2,
        "trend": 32.166797,
        "fair_value": 34.002227,
        "relative_strength": -14.730878,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 25.77771,
        "energy": 40.136665,
        "activity_lines": [
          30.499077,
          29.714251,
          29.195984,
          30.320707
        ]
      },
      {
        "date": "2026-06-12",
        "close": 33.966881,
        "volume": 0,
        "typical_volume": 986.1,
        "trend": 32.070179,
        "fair_value": 34.068859,
        "relative_strength": -9.700412,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": 39.224697,
        "energy": 65.888784,
        "activity_lines": [
          31.819515,
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      },
      {
        "date": "2026-06-19",
        "close": 33.272259,
        "volume": 50,
        "typical_volume": 986.9,
        "trend": 31.942859,
        "fair_value": 34.141881,
        "relative_strength": -9.535175,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 47.208351,
        "energy": 80.60071,
        "activity_lines": [
          32.570365,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 32.121178,
        "volume": 0,
        "typical_volume": 884.45,
        "trend": 31.74042,
        "fair_value": 34.190245,
        "relative_strength": -14.447424,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.890926,
        "energy": 75.131511,
        "activity_lines": [
          32.670258,
          31.567534,
          30.178249,
          30.5259
        ]
      },
      {
        "date": "2026-07-03",
        "close": 32.369999,
        "volume": 0,
        "typical_volume": 568.85,
        "trend": 31.573838,
        "fair_value": 34.230274,
        "relative_strength": -13.694582,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.647155,
        "energy": 74.041479,
        "activity_lines": [
          32.666536,
          31.871791,
          30.440893,
          30.566518
        ]
      },
      {
        "date": "2026-07-10",
        "close": 32.369999,
        "volume": 0,
        "typical_volume": 568.5,
        "trend": 31.386255,
        "fair_value": 34.266839,
        "relative_strength": -14.691934,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.77969,
        "energy": 52.827826,
        "activity_lines": [
          32.546995,
          32.112594,
          30.701305,
          30.617883
        ]
      },
      {
        "date": "2026-07-17",
        "close": 32.369999,
        "volume": 0,
        "typical_volume": 497.9,
        "trend": 31.210485,
        "fair_value": 34.299075,
        "relative_strength": -11.864168,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.894234,
        "energy": 49.251524,
        "activity_lines": [
          32.396974,
          32.286627,
          30.958778,
          30.68135
        ]
      },
      {
        "date": "2026-07-24",
        "close": 34.560001,
        "volume": 20,
        "typical_volume": 477.45,
        "trend": 31.108372,
        "fair_value": 34.340154,
        "relative_strength": -5.301172,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.553329,
        "energy": 61.77021,
        "activity_lines": [
          33.083412,
          32.795682,
          31.410841,
          30.897448
        ]
      },
      {
        "date": "2026-07-31",
        "close": 35.919998,
        "volume": 0,
        "typical_volume": 439.8,
        "trend": 31.091687,
        "fair_value": 34.37904,
        "relative_strength": -3.161405,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 91.269569,
        "energy": 93.655434,
        "activity_lines": [
          34.137333,
          33.455706,
          31.959096,
          31.207876
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.759998,
        "volume": 3,
        "typical_volume": 432.25,
        "trend": 31.093454,
        "fair_value": 34.415457,
        "relative_strength": -0.044578,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.165439,
        "energy": 94.213037,
        "activity_lines": [
          34.884665,
          33.966691,
          32.452261,
          31.509057
        ]
      }
    ],
    "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."
    }
  }
}