{
  "ticker": {
    "uuid": "f2075b90-f79e-406a-8465-d130342a10d6",
    "symbol": "ABEVN",
    "name": "Ambev S.A.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 91.935,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -5.471,
    "architecture_energy": 32.544,
    "architecture_maturity": 43.115,
    "architecture_confidence": 73.954,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 49.26,
        "rotation_up": 14.0,
        "upward_expansion": 44.06,
        "deceleration": 84.62,
        "rotation_down": 55.07,
        "downward_expansion": 40.39
      },
      "activity_lines": [
        53.759998,
        54.543835,
        54.587955,
        53.981217
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 53.599998,
    "trend_reference": 52.906385,
    "distance_from_trend": 0.01311,
    "trend_direction": "Improving",
    "fair_value": 45.49506,
    "distance_from_fair_value": 0.17815,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.922736,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.065606,
    "excess_performance": 0.120273,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.01311,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.064383,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.17815,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.060849,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.079227,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.010719,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.065606,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.450759,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 6.450759,
      "dry_up": 0.444962,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.01515,
      "annualized_volatility": 0.310871,
      "from_high_reference": -0.084387,
      "from_low_reference": 0.356962
    },
    "levels": {
      "trend_reference": 52.906385,
      "fair_value_reference": 45.49506,
      "structural_low": 48.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.01,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.020607,
        "regime_survival": 0.444444,
        "best_return": 0.173913,
        "worst_return": -0.19792,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.111522,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.164076,
        "regime_survival": 0.2,
        "best_return": 0.211739,
        "worst_return": -0.176106,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.087314,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.021387,
        "regime_survival": 0.0,
        "best_return": 0.165217,
        "worst_return": -0.139624,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.072261,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.153592,
        "regime_survival": 0.0,
        "best_return": 0.03163,
        "worst_return": -0.176153,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.049784,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.014972,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.176923,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-21",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": 0.058889,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": -0.047068,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.097826,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.024096,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-05",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.005138,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.017249,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.038043,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-27",
        "tenure": "Developing",
        "return": 0.02341,
        "active": false
      },
      {
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        "return": 0.12834,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": 0.061567,
        "active": false
      },
      {
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        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 20591.25,
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      },
      {
        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 51.149052,
        "fair_value": 45.357141,
        "relative_strength": 13.200905,
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
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        "trend": 51.455719,
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        "relative_strength": 13.305873,
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      },
      {
        "date": "2026-07-10",
        "close": 56.0,
        "volume": 0,
        "typical_volume": 40251.3,
        "trend": 51.762386,
        "fair_value": 45.417917,
        "relative_strength": 14.155952,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 59.275446,
        "energy": 48.702234,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 53.599998,
        "volume": 60218,
        "typical_volume": 42953.15,
        "trend": 52.042386,
        "fair_value": 45.442408,
        "relative_strength": 8.973158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.861638,
        "energy": 27.989905,
        "activity_lines": [
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          53.740045
        ]
      },
      {
        "date": "2026-07-24",
        "close": 53.599998,
        "volume": 0,
        "typical_volume": 34063.55,
        "trend": 52.366385,
        "fair_value": 45.461169,
        "relative_strength": 9.271685,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.473292,
        "energy": 21.073272,
        "activity_lines": [
          54.559999,
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          54.615161,
          53.840536
        ]
      },
      {
        "date": "2026-07-31",
        "close": 53.599998,
        "volume": 0,
        "typical_volume": 34062.0,
        "trend": 52.653052,
        "fair_value": 45.464773,
        "relative_strength": 8.166729,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.907981,
        "energy": 22.14269,
        "activity_lines": [
          54.079998,
          54.860685,
          54.602915,
          53.920124
        ]
      },
      {
        "date": "2026-08-07",
        "close": 53.599998,
        "volume": 0,
        "typical_volume": 33833.2,
        "trend": 52.906385,
        "fair_value": 45.49506,
        "relative_strength": 7.922736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.470643,
        "energy": 32.544093,
        "activity_lines": [
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        ]
      }
    ],
    "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."
    }
  }
}