{
  "ticker": {
    "uuid": "f4145496-575e-499c-b9f4-0586e3400f5c",
    "symbol": "T1OW34",
    "name": "American Tower 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": 55.395,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.305,
    "architecture_energy": 32.373,
    "architecture_maturity": 12.563,
    "architecture_confidence": 85.312,
    "architecture_tenure": "New",
    "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": 33.03,
        "rotation_up": 16.14,
        "upward_expansion": 3.01,
        "deceleration": 50.68,
        "rotation_down": 54.32,
        "downward_expansion": 76.34
      },
      "activity_lines": [
        36.454,
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        37.226663,
        37.577704
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 36.799999,
    "trend_reference": 38.150996,
    "distance_from_trend": -0.035412,
    "trend_direction": "Weakening",
    "fair_value": 42.408314,
    "distance_from_fair_value": -0.132246,
    "fair_value_direction": "Improving",
    "relative_strength": -11.248022,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.006112,
    "excess_performance": 0.063161,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.035412,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017676,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.132246,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.019307,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.11248,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.183158,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.006112,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.525778,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7878,
      "relative_activity": 1.66997,
      "balance": 2.525778,
      "dry_up": 1.899119,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.05536,
      "annualized_volatility": 0.274318,
      "from_high_reference": -0.224172,
      "from_low_reference": 0.074453
    },
    "levels": {
      "trend_reference": 38.150996,
      "fair_value_reference": 42.408314,
      "structural_low": 34.25,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": -0.005668,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.018132,
        "regime_survival": 0.785714,
        "best_return": 0.15489,
        "worst_return": -0.114099,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.018521,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.002612,
        "regime_survival": 0.4,
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        "worst_return": -0.095982,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.001789,
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        "median_excess_return": -0.016031,
        "regime_survival": 0.333333,
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        "worst_return": -0.148656,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
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        "worst_return": -0.115102,
        "sufficient": false
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        "color": "amber",
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        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "end": "2025-06-06",
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        "energy": 56.645167,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 9237.65,
        "trend": 39.454971,
        "fair_value": 42.281233,
        "relative_strength": -29.307965,
        "stage": 4,
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        "energy": 43.912624,
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      },
      {
        "date": "2026-05-08",
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        "energy": 49.564329,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 35.572765,
        "volume": 1341,
        "typical_volume": 9257.6,
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        "relative_strength": -26.659185,
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        "modifier": "Early contraction",
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        "energy": 61.326659,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 1981,
        "typical_volume": 9154.95,
        "trend": 38.862634,
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        "relative_strength": -20.581944,
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        "modifier": "Early contraction",
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        "direction": -55.71349,
        "energy": 37.444334,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 769,
        "typical_volume": 8572.35,
        "trend": 38.837479,
        "fair_value": 42.293133,
        "relative_strength": -16.294632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.051605,
        "energy": 20.444081,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 41.415443,
        "volume": 176,
        "typical_volume": 8257.0,
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        "fair_value": 42.331073,
        "relative_strength": -7.950699,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 18.581451,
        "energy": 20.765974,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 39.439999,
        "volume": 85,
        "typical_volume": 8153.55,
        "trend": 38.914182,
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        "relative_strength": -12.632822,
        "stage": 1,
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        "energy": 26.031377,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -13.564964,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 6967.25,
        "trend": 38.767078,
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        "relative_strength": -15.972107,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.315703,
        "energy": 18.594776,
        "activity_lines": [
          38.714105,
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      },
      {
        "date": "2026-07-03",
        "close": 36.689999,
        "volume": 482,
        "typical_volume": 6402.55,
        "trend": 38.660282,
        "fair_value": 42.382594,
        "relative_strength": -17.688927,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 22.944384,
        "activity_lines": [
          37.903696,
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      },
      {
        "date": "2026-07-10",
        "close": 35.810001,
        "volume": 8202,
        "typical_volume": 6652.2,
        "trend": 38.510667,
        "fair_value": 42.376486,
        "relative_strength": -20.32906,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.130584,
        "energy": 41.984858,
        "activity_lines": [
          36.956,
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      },
      {
        "date": "2026-07-17",
        "close": 36.310001,
        "volume": 16264,
        "typical_volume": 5201.3,
        "trend": 38.4139,
        "fair_value": 42.388343,
        "relative_strength": -16.166228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.428182,
        "energy": 55.128885,
        "activity_lines": [
          36.548667,
          37.495673,
          37.557211,
          37.930514
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.900002,
        "volume": 3636,
        "typical_volume": 4692.95,
        "trend": 38.249006,
        "fair_value": 42.392891,
        "relative_strength": -16.077554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.257904,
        "energy": 63.667733,
        "activity_lines": [
          36.213334,
          37.151735,
          37.370748,
          37.768327
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.669998,
        "volume": 8058,
        "typical_volume": 4539.55,
        "trend": 38.175655,
        "fair_value": 42.402316,
        "relative_strength": -15.132138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.874146,
        "energy": 56.914064,
        "activity_lines": [
          36.279333,
          36.941847,
          37.283351,
          37.666456
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.799999,
        "volume": 7878,
        "typical_volume": 4717.45,
        "trend": 38.150996,
        "fair_value": 42.408314,
        "relative_strength": -11.248022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.30536,
        "energy": 32.373418,
        "activity_lines": [
          36.454,
          36.778463,
          37.226663,
          37.577704
        ]
      }
    ],
    "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."
    }
  }
}