{
  "ticker": {
    "uuid": "e03db612-2d5a-4b57-b1aa-2c90a6753007",
    "symbol": "E1WL34",
    "name": "Edwards Lifesciences 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": 55.408,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 11.161,
    "architecture_energy": 24.401,
    "architecture_maturity": 69.765,
    "architecture_confidence": 82.953,
    "architecture_tenure": "Developing",
    "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": 53.64,
        "rotation_up": 20.14,
        "upward_expansion": 51.93,
        "deceleration": 88.3,
        "rotation_down": 48.58,
        "downward_expansion": 29.27
      },
      "activity_lines": [
        107.296666,
        109.319454,
        108.163381,
        107.292925
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 105.709999,
    "trend_reference": 106.73,
    "distance_from_trend": -0.009557,
    "trend_direction": "Weakening",
    "fair_value": 104.280577,
    "distance_from_fair_value": 0.013707,
    "fair_value_direction": "Improving",
    "relative_strength": -6.228454,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.040043,
    "excess_performance": 0.097092,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.009557,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017686,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.013707,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.078549,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.062285,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.175206,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.040043,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.889647,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.889647,
      "dry_up": 0.416091,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.037818,
      "annualized_volatility": 0.287677,
      "from_high_reference": -0.137132,
      "from_low_reference": 0.120997
    },
    "levels": {
      "trend_reference": 106.73,
      "fair_value_reference": 104.280577,
      "structural_low": 94.300003,
      "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": 6,
        "median_return": -0.026583,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.044922,
        "regime_survival": 0.333333,
        "best_return": 0.018831,
        "worst_return": -0.092766,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.046579,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.088032,
        "regime_survival": 0.0,
        "best_return": 0.021132,
        "worst_return": -0.122605,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.060456,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.161578,
        "regime_survival": 0.333333,
        "best_return": 0.082279,
        "worst_return": -0.182264,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.002181,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.114631,
        "regime_survival": 0.0,
        "best_return": 0.007758,
        "worst_return": -0.003396,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.040082,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.036941,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.084896,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.105625,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.005894,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.087184,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-14",
        "end": "2025-11-21",
        "tenure": "New",
        "return": 0.001045,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-28",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.024155,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-23",
        "end": "2026-02-06",
        "tenure": "New",
        "return": -0.08671,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-13",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.068876,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.040199,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.11914,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-06-19",
        "tenure": "New",
        "return": 0.028226,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.051077,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 95.099998,
        "volume": 149,
        "typical_volume": 597.8,
        "trend": 104.908334,
        "fair_value": 123.558975,
        "relative_strength": -13.543135,
        "stage": 4,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.386975,
        "energy": 66.785496,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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        "date": "2023-10-20",
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        "date": "2023-10-27",
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        "date": "2023-11-24",
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      },
      {
        "date": "2023-12-01",
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      },
      {
        "date": "2023-12-08",
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      },
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        "date": "2023-12-15",
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      },
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        "date": "2023-12-22",
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        "modifier": "Balance after decline",
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        "date": "2024-01-05",
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        "stage": 4,
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        "modifier": "Balance after decline",
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      {
        "date": "2024-01-12",
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        "trend": 108.521666,
        "fair_value": 104.035897,
        "relative_strength": -23.749052,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.588238,
        "energy": 57.718343,
        "activity_lines": [
          100.506,
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          104.072666,
          106.445612
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      },
      {
        "date": "2026-05-15",
        "close": 102.800003,
        "volume": 181,
        "typical_volume": 1149.4,
        "trend": 108.575,
        "fair_value": 103.989743,
        "relative_strength": -15.838358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.898756,
        "energy": 38.003141,
        "activity_lines": [
          101.292668,
          101.772182,
          103.701286,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 107.169998,
        "volume": 851,
        "typical_volume": 1188.65,
        "trend": 108.714,
        "fair_value": 104.023974,
        "relative_strength": -11.332901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.800085,
        "energy": 22.305783,
        "activity_lines": [
          103.196001,
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          103.829904,
          105.985828
        ]
      },
      {
        "date": "2026-05-29",
        "close": 109.339996,
        "volume": 244,
        "typical_volume": 1195.55,
        "trend": 108.651666,
        "fair_value": 104.044551,
        "relative_strength": -7.803184,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.555789,
        "energy": 11.202716,
        "activity_lines": [
          105.391332,
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          104.206856,
          106.026214
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      },
      {
        "date": "2026-06-05",
        "close": 109.120003,
        "volume": 5,
        "typical_volume": 1143.25,
        "trend": 108.556333,
        "fair_value": 104.086987,
        "relative_strength": -4.990976,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.683497,
        "energy": 22.572288,
        "activity_lines": [
          107.157333,
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          106.05643
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      },
      {
        "date": "2026-06-12",
        "close": 107.800003,
        "volume": 43,
        "typical_volume": 1138.65,
        "trend": 108.321666,
        "fair_value": 104.067949,
        "relative_strength": -6.957239,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.926156,
        "energy": 25.006926,
        "activity_lines": [
          108.042668,
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      },
      {
        "date": "2026-06-19",
        "close": 112.199997,
        "volume": 0,
        "typical_volume": 1110.85,
        "trend": 108.229666,
        "fair_value": 104.093461,
        "relative_strength": -1.485804,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.635572,
        "energy": 50.284184,
        "activity_lines": [
          109.694,
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      },
      {
        "date": "2026-06-26",
        "close": 111.400002,
        "volume": 0,
        "typical_volume": 1021.65,
        "trend": 108.079,
        "fair_value": 104.079872,
        "relative_strength": -4.474711,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.990427,
        "energy": 56.213134,
        "activity_lines": [
          110.452001,
          108.25491,
          106.187476,
          106.462387
        ]
      },
      {
        "date": "2026-07-03",
        "close": 111.400002,
        "volume": 0,
        "typical_volume": 1018.0,
        "trend": 107.88,
        "fair_value": 104.087436,
        "relative_strength": -4.738554,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.647607,
        "energy": 57.380366,
        "activity_lines": [
          110.928001,
          109.170728,
          106.752714,
          106.676645
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      },
      {
        "date": "2026-07-10",
        "close": 120.709999,
        "volume": 159,
        "typical_volume": 978.4,
        "trend": 108.141666,
        "fair_value": 104.139167,
        "relative_strength": 1.475897,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 64.52567,
        "energy": 78.140613,
        "activity_lines": [
          114.37,
          111.644728,
          108.153953,
          107.504387
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      },
      {
        "date": "2026-07-17",
        "close": 109.779999,
        "volume": 1198,
        "typical_volume": 971.6,
        "trend": 107.857,
        "fair_value": 104.13141,
        "relative_strength": -5.043487,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.517982,
        "energy": 51.039903,
        "activity_lines": [
          113.396,
          111.800546,
          108.430762,
          107.610086
        ]
      },
      {
        "date": "2026-07-24",
        "close": 105.93,
        "volume": 64,
        "typical_volume": 958.25,
        "trend": 107.374666,
        "fair_value": 104.170064,
        "relative_strength": -7.976123,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 37.811058,
        "energy": 30.869057,
        "activity_lines": [
          111.006667,
          111.029273,
          108.345619,
          107.485763
        ]
      },
      {
        "date": "2026-07-31",
        "close": 105.709999,
        "volume": 303,
        "typical_volume": 955.3,
        "trend": 107.034333,
        "fair_value": 104.226346,
        "relative_strength": -9.574874,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 27.014278,
        "energy": 17.261242,
        "activity_lines": [
          108.961999,
          110.161091,
          108.247952,
          107.378365
        ]
      },
      {
        "date": "2026-08-07",
        "close": 105.709999,
        "volume": 0,
        "typical_volume": 940.3,
        "trend": 106.73,
        "fair_value": 104.280577,
        "relative_strength": -6.228454,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 11.161225,
        "energy": 24.400771,
        "activity_lines": [
          107.296666,
          109.319454,
          108.163381,
          107.292925
        ]
      }
    ],
    "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."
    }
  }
}