{
  "ticker": {
    "uuid": "d7e0be7a-50d7-448d-8d5e-78a9dc22be40",
    "symbol": "V1RS34",
    "name": "Verisk Analytics, 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": 69.356,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 29.852,
    "architecture_energy": 71.635,
    "architecture_maturity": 5.088,
    "architecture_confidence": 52.756,
    "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": 29.2,
        "rotation_up": 72.34,
        "upward_expansion": 60.18,
        "deceleration": 17.71,
        "rotation_down": 14.01,
        "downward_expansion": 32.85
      },
      "activity_lines": [
        13.271333,
        12.840293,
        12.327117,
        12.438006
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 12.93,
    "trend_reference": 12.756481,
    "distance_from_trend": 0.013602,
    "trend_direction": "Weakening",
    "fair_value": 17.449918,
    "distance_from_fair_value": -0.259022,
    "fair_value_direction": "Improving",
    "relative_strength": -17.108961,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.034639,
    "excess_performance": 0.091687,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.013602,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.084738,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.259022,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.118036,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.17109,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.307812,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.034639,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.357766,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 569,
      "relative_activity": 2.798131,
      "balance": 0.357766,
      "dry_up": 0.923285,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.036233,
      "annualized_volatility": 0.518295,
      "from_high_reference": -0.409653,
      "from_low_reference": 0.201768
    },
    "levels": {
      "trend_reference": 12.756481,
      "fair_value_reference": 17.449918,
      "structural_low": 10.759148,
      "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": 0.065083,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.068531,
        "regime_survival": 0.25,
        "best_return": 0.185811,
        "worst_return": 0.0,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.225306,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.134385,
        "regime_survival": 0.0,
        "best_return": 0.275909,
        "worst_return": -0.015338,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.293543,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.258798,
        "regime_survival": 0.0,
        "best_return": 0.40123,
        "worst_return": -0.020684,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.24734,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.160608,
        "regime_survival": 0.333333,
        "best_return": 0.476259,
        "worst_return": -0.003111,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-09",
        "end": "2024-03-01",
        "tenure": "New",
        "return": -0.049231,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-08",
        "end": "2024-03-29",
        "tenure": "New",
        "return": -0.029022,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-05",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.02611,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-24",
        "end": "2024-05-31",
        "tenure": "New",
        "return": 0.078244,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-07",
        "end": "2024-08-30",
        "tenure": "Established",
        "return": 0.08701,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-06",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.001019,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2025-01-17",
        "tenure": "Established",
        "return": 0.081283,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.029461,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.085486,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.04977,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.003192,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-01",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": -0.13,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-12",
        "end": "2026-07-24",
        "tenure": "Extended",
        "return": -0.312447,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.095804,
        "active": true
      }
    ],
    "chart_path": [
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        "typical_volume": 5261.5,
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      },
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        "fair_value": 17.641455,
        "relative_strength": -46.575151,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.46254,
        "energy": 88.818042,
        "activity_lines": [
          12.074402,
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          13.214878,
          13.855951
        ]
      },
      {
        "date": "2026-05-08",
        "close": 10.978723,
        "volume": 1870,
        "typical_volume": 378.95,
        "trend": 14.494224,
        "fair_value": 17.623993,
        "relative_strength": -47.890177,
        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 94.036684,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 10.759148,
        "volume": 4,
        "typical_volume": 370.1,
        "trend": 14.262134,
        "fair_value": 17.603164,
        "relative_strength": -46.01915,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.806901,
        "energy": 92.718443,
        "activity_lines": [
          11.156378,
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          13.375214
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      },
      {
        "date": "2026-05-22",
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        "volume": 0,
        "typical_volume": 370.05,
        "trend": 14.067256,
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        "relative_strength": -44.689972,
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        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -76.454316,
        "energy": 90.697443,
        "activity_lines": [
          10.970738,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 11.377948,
        "volume": 12,
        "typical_volume": 363.35,
        "trend": 13.937526,
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        "relative_strength": -39.573587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.480855,
        "energy": 77.727641,
        "activity_lines": [
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          12.262547,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 11.866098,
        "volume": 0,
        "typical_volume": 363.1,
        "trend": 13.837356,
        "fair_value": 17.547821,
        "relative_strength": -33.996432,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.491467,
        "energy": 64.610331,
        "activity_lines": [
          11.307783,
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      },
      {
        "date": "2026-06-12",
        "close": 11.9,
        "volume": 0,
        "typical_volume": 328.1,
        "trend": 13.732337,
        "fair_value": 17.536508,
        "relative_strength": -33.392119,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.371907,
        "energy": 56.487668,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 11.89,
        "volume": 0,
        "typical_volume": 261.55,
        "trend": 13.603726,
        "fair_value": 17.522535,
        "relative_strength": -31.150734,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.571267,
        "energy": 42.78962,
        "activity_lines": [
          11.744223,
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      },
      {
        "date": "2026-06-26",
        "close": 11.49,
        "volume": 0,
        "typical_volume": 171.75,
        "trend": 13.315264,
        "fair_value": 17.505682,
        "relative_strength": -34.075626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.47802,
        "energy": 38.488899,
        "activity_lines": [
          11.721343,
          11.509117,
          11.943416,
          12.46185
        ]
      },
      {
        "date": "2026-07-03",
        "close": 12.13,
        "volume": 0,
        "typical_volume": 171.75,
        "trend": 13.190667,
        "fair_value": 17.490464,
        "relative_strength": -29.598948,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.483145,
        "energy": 29.509571,
        "activity_lines": [
          11.863073,
          11.638822,
          11.923604,
          12.385381
        ]
      },
      {
        "date": "2026-07-10",
        "close": 12.87,
        "volume": 11,
        "typical_volume": 172.3,
        "trend": 13.101949,
        "fair_value": 17.480748,
        "relative_strength": -25.542111,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -7.047414,
        "energy": 19.486144,
        "activity_lines": [
          12.201333,
          11.891577,
          11.976016,
          12.364693
        ]
      },
      {
        "date": "2026-07-17",
        "close": 12.87,
        "volume": 0,
        "typical_volume": 172.3,
        "trend": 13.001252,
        "fair_value": 17.471032,
        "relative_strength": -22.378171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 20.192657,
        "energy": 37.660379,
        "activity_lines": [
          12.472667,
          12.122103,
          12.026652,
          12.349729
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.87,
        "volume": 0,
        "typical_volume": 166.45,
        "trend": 12.896562,
        "fair_value": 17.462266,
        "relative_strength": -21.092232,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 20.7172,
        "energy": 47.075136,
        "activity_lines": [
          12.679333,
          12.318243,
          12.075513,
          12.341261
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.3,
        "volume": 182,
        "typical_volume": 175.0,
        "trend": 12.833883,
        "fair_value": 17.46216,
        "relative_strength": -12.751169,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 57.99989,
        "energy": 83.236535,
        "activity_lines": [
          13.297333,
          12.736003,
          12.270339,
          12.431805
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.93,
        "volume": 569,
        "typical_volume": 203.35,
        "trend": 12.756481,
        "fair_value": 17.449918,
        "relative_strength": -17.108961,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.851768,
        "energy": 71.634601,
        "activity_lines": [
          13.271333,
          12.840293,
          12.327117,
          12.438006
        ]
      }
    ],
    "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."
    }
  }
}