{ "ticker": { "uuid": "e489db9a-c243-4a34-9d81-81e510f1b71b", "symbol": "ENEV3", "name": "Eneva 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 89.908, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 38.187, "architecture_energy": 17.585, "architecture_maturity": 50.534, "architecture_confidence": 80.202, "architecture_tenure": "Developing", "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": 50.19, "rotation_up": 36.83, "upward_expansion": 64.87, "deceleration": 82.29, "rotation_down": 26.33, "downward_expansion": 14.87 }, "activity_lines": [ 25.983333, 25.994182, 25.872381, 25.376731 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 26.18, "trend_reference": 24.439667, "distance_from_trend": 0.071209, "trend_direction": "Improving", "fair_value": 15.653654, "distance_from_fair_value": 0.672453, "fair_value_direction": "Weakening", "relative_strength": 18.000562, "relative_strength_direction": "Weakening", "price_momentum": 0.19598, "excess_performance": 0.253028, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071209, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.086384, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.672453, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.20146, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.180006, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.084828, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.19598, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.528216, "read": "Supply-led" } ], "volume": { "latest": 28561000, "relative_activity": 0.725216, "balance": 0.528216, "dry_up": 0.906559, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.06326, "annualized_volatility": 0.436691, "from_high_reference": -0.06899, "from_low_reference": 0.947917 }, "levels": { "trend_reference": 24.439667, "fair_value_reference": 15.653654, "structural_low": 17.700001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.013258, "positive_rate": 0.56, "directional_follow_through": 0.56, "median_excess_return": -0.015485, "regime_survival": 0.72, "best_return": 0.161389, "worst_return": -0.149216, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.047746, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.031112, "regime_survival": 0.5, "best_return": 0.384233, "worst_return": -0.120335, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.049358, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.030217, "regime_survival": 0.5, "best_return": 0.339519, "worst_return": -0.157754, "sufficient": true }, { "horizon": "Full cycle", 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"fair_value": 15.48391, "relative_strength": 12.825433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.579179, "energy": 28.730866, "activity_lines": [ 25.996, 25.750727, 25.755285, 25.106946 ] }, { "date": "2026-07-31", "close": 26.31, "volume": 38249200, "typical_volume": 48295095.0, "trend": 24.259, "fair_value": 15.569103, "relative_strength": 15.762753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.980087, "energy": 30.190433, "activity_lines": [ 25.994666, 25.896545, 25.834952, 25.252795 ] }, { "date": "2026-08-07", "close": 26.18, "volume": 28561000, "typical_volume": 39382750.0, "trend": 24.439667, "fair_value": 15.653654, "relative_strength": 18.000562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.186572, "energy": 17.584848, "activity_lines": [ 25.983333, 25.994182, 25.872381, 25.376731 ] } ], "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." } } }