{ "ticker": { "uuid": "d8e0d1bb-2c40-408d-9c63-e46155a6af80", "symbol": "ENJU3", "name": "Enjoei 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.261, "architecture_energy": 32.261, "architecture_maturity": 72.227, "architecture_confidence": 91.072, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.46, "rotation_up": 29.99, "upward_expansion": 16.34, "deceleration": 37.65, "rotation_down": 40.34, "downward_expansion": 69.34 }, "activity_lines": [ 0.794667, 0.801023, 0.833715, 0.885309 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 0.79, "trend_reference": 0.950062, "distance_from_trend": -0.168476, "trend_direction": "Weakening", "fair_value": 1.326679, "distance_from_fair_value": -0.404528, "fair_value_direction": "Weakening", "relative_strength": -21.081769, "relative_strength_direction": "Improving", "price_momentum": -0.240385, "excess_performance": -0.183336, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.168476, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.07229, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.404528, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.025451, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.210818, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.094132, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.240385, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.363606, "read": "Demand-led" } ], "volume": { "latest": 4639200, "relative_activity": 1.579993, "balance": 1.363606, "dry_up": 1.954804, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.124955, "annualized_volatility": 0.636223, "from_high_reference": -0.387597, "from_low_reference": 0.253968 }, "levels": { "trend_reference": 0.950062, "fair_value_reference": 1.326679, "structural_low": 0.63, "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": 25, "median_return": -0.029126, "positive_rate": 0.4, "directional_follow_through": 0.52, "median_excess_return": -0.025647, "regime_survival": 0.8, "best_return": 0.267241, "worst_return": -0.378995, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.135922, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.143204, "regime_survival": 0.555556, "best_return": 0.35443, "worst_return": -0.424658, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.190909, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.215648, "regime_survival": 0.4, "best_return": 0.224719, "worst_return": -0.520548, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.41012, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.476982, "regime_survival": 0.5, "best_return": -0.308824, "worst_return": -0.511416, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-06-21", "tenure": "Established", "return": 0.211765, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.055276, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-09-13", "tenure": "Developing", "return": -0.256684, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2025-02-07", "tenure": "Established", "return": -0.095588, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.251799, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.127273, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-07-18", "tenure": "Developing", "return": -0.215385, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-11-28", "tenure": "Established", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.039216, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", 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"regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.369244, "energy": 68.887236, "activity_lines": [ 0.78575, 0.808195, 0.887854, 0.937523 ] }, { "date": "2026-07-10", "close": 0.79, "volume": 6777100, "typical_volume": 2472020.0, "trend": 0.981062, "fair_value": 1.34873, "relative_strength": -26.275839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.228226, "energy": 55.551911, "activity_lines": [ 0.785147, 0.80045, 0.872131, 0.924616 ] }, { "date": "2026-07-17", "close": 0.99, "volume": 6616000, "typical_volume": 2621715.0, "trend": 0.979396, "fair_value": 1.34405, "relative_strength": -4.811329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.338835, "energy": 20.091055, "activity_lines": [ 0.854959, 0.832414, 0.87717, 0.925192 ] }, { "date": "2026-07-24", "close": 0.8, "volume": 3730800, "typical_volume": 2534235.0, "trend": 0.970062, "fair_value": 1.338538, "relative_strength": -22.448289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.830366, "energy": 25.72767, "activity_lines": [ 0.846, 0.827364, 0.864971, 0.913618 ] }, { "date": "2026-07-31", "close": 0.7, "volume": 7972900, "typical_volume": 2815715.0, "trend": 0.958729, "fair_value": 1.332512, "relative_strength": -32.845974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.481441, "energy": 38.777019, "activity_lines": [ 0.802, 0.804682, 0.844343, 0.896195 ] }, { "date": "2026-08-07", "close": 0.79, "volume": 4639200, "typical_volume": 2936215.0, "trend": 0.950062, "fair_value": 1.326679, "relative_strength": -21.081769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.260601, "energy": 32.260919, "activity_lines": [ 0.794667, 0.801023, 0.833715, 0.885309 ] } ], "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." } } }