{ "ticker": { "uuid": "cab148f4-3c48-4e7f-973f-d75432ef0529", "symbol": "DHER34", "name": "Danaher Corporation", "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": 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": 54.905, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 29.641, "architecture_energy": 25.47, "architecture_maturity": 16.41, "architecture_confidence": 64.866, "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": 39.66, "rotation_up": 53.36, "upward_expansion": 36.44, "deceleration": 40.12, "rotation_down": 18.57, "downward_expansion": 20.44 }, "activity_lines": [ 35.946001, 35.540391, 34.225448, 34.467414 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 37.200001, "trend_reference": 35.754965, "distance_from_trend": 0.040415, "trend_direction": "Weakening", "fair_value": 42.389847, "distance_from_fair_value": -0.122431, "fair_value_direction": "Improving", "relative_strength": -6.707646, "relative_strength_direction": "Improving", "price_momentum": -0.07974, "excess_performance": -0.022691, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040415, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.071376, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.122431, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.182028, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067076, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.291931, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.07974, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.340693, "read": "Demand-led" } ], "volume": { "latest": 457, "relative_activity": 0.036969, "balance": 3.340693, "dry_up": 0.666982, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.063956, "annualized_volatility": 0.402451, "from_high_reference": -0.191226, "from_low_reference": 0.329496 }, "levels": { "trend_reference": 35.754965, "fair_value_reference": 42.389847, "structural_low": 27.980522, "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": 15, "median_return": -0.005642, "positive_rate": 0.466667, "directional_follow_through": 0.466667, "median_excess_return": -0.003214, "regime_survival": 0.533333, "best_return": 0.119676, "worst_return": -0.210139, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.060412, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.124865, "regime_survival": 0.285714, "best_return": 0.101937, "worst_return": -0.214993, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.012663, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.209365, "regime_survival": 0.2, "best_return": 0.284895, "worst_return": -0.230432, "sufficient": 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35.57, "volume": 5197, "typical_volume": 12534.95, "trend": 36.565146, "fair_value": 42.545226, "relative_strength": -13.312842, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 2.894755, "energy": 28.052352, "activity_lines": [ 35.643581, 34.578109, 33.592727, 34.552945 ] }, { "date": "2026-07-24", "close": 34.950001, "volume": 26307, "typical_volume": 13553.75, "trend": 36.229582, "fair_value": 42.490374, "relative_strength": -14.260689, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 0.750357, "energy": 21.324202, "activity_lines": [ 35.550001, 34.856641, 33.717305, 34.448742 ] }, { "date": "2026-07-31", "close": 35.240002, "volume": 1019, "typical_volume": 12585.55, "trend": 35.920994, "fair_value": 42.435351, "relative_strength": -14.813926, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.150132, "energy": 15.293145, "activity_lines": [ 35.410668, 35.061183, 33.877637, 34.384898 ] }, { "date": "2026-08-07", "close": 37.200001, "volume": 457, "typical_volume": 12361.65, "trend": 35.754965, "fair_value": 42.389847, "relative_strength": -6.707646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.640704, "energy": 25.469934, "activity_lines": [ 35.946001, 35.540391, 34.225448, 34.467414 ] } ], "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." } } }