{ "ticker": { "uuid": "e9684a84-02f8-4b3b-bd3c-ff3fa80cbdaf", "symbol": "CGAS5", "name": "Companhia de G\u00e1s de S\u00e3o Paulo - COMG\u00c1S", "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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.08, "architecture_energy": 65.506, "architecture_maturity": 39.319, "architecture_confidence": 89.589, "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": 20.76, "rotation_up": 24.78, "upward_expansion": 24.47, "deceleration": 46.91, "rotation_down": 52.85, "downward_expansion": 74.47 }, "activity_lines": [ 122.736667, 123.201155, 123.17401, 124.833714 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 121.75, "trend_reference": 127.187183, "distance_from_trend": -0.042749, "trend_direction": "Weakening", "fair_value": 114.259303, "distance_from_fair_value": 0.065559, "fair_value_direction": "Weakening", "relative_strength": -7.154663, "relative_strength_direction": "Improving", "price_momentum": -0.076952, "excess_performance": -0.019904, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.042749, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.014815, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.065559, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007519, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071547, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.113331, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.076952, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.551351, "read": "Supply-led" } ], "volume": { "latest": 2200, "relative_activity": 0.625889, "balance": 0.551351, "dry_up": 0.675676, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.011255, "annualized_volatility": 0.108283, "from_high_reference": -0.130109, "from_low_reference": 0.030227 }, "levels": { "trend_reference": 127.187183, "fair_value_reference": 114.259303, "structural_low": 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"fair_value": 113.693546, "relative_strength": -9.376991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.033, "energy": 29.451381, "activity_lines": [ 124.261881, 122.985694, 124.262258, 126.14217 ] }, { "date": "2026-07-17", "close": 124.010002, "volume": 2300, "typical_volume": 3695.0, "trend": 128.081849, "fair_value": 113.839137, "relative_strength": -7.478415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.202689, "energy": 26.934239, "activity_lines": [ 124.242668, 123.326331, 124.028803, 125.870868 ] }, { "date": "2026-07-24", "close": 123.099998, "volume": 2900, "typical_volume": 3675.0, "trend": 127.801849, "fair_value": 113.976328, "relative_strength": -7.865326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.016768, "energy": 23.871425, "activity_lines": [ 123.890667, 123.440917, 123.762443, 125.549458 ] }, { "date": "2026-07-31", "close": 122.5, "volume": 2100, "typical_volume": 3550.0, "trend": 127.542183, "fair_value": 114.122208, "relative_strength": -9.853407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.88898, "energy": 34.54323, "activity_lines": [ 123.392, 123.405877, 123.481798, 125.207403 ] }, { "date": "2026-08-07", "close": 121.75, "volume": 2200, "typical_volume": 3515.0, "trend": 127.187183, "fair_value": 114.259303, "relative_strength": -7.154663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.079611, "energy": 65.505855, "activity_lines": [ 122.736667, 123.201155, 123.17401, 124.833714 ] } ], "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." } } }