{ "ticker": { "uuid": "f914c2d7-3c2b-4aa0-9373-30d957beb570", "symbol": "Z1OM34", "name": "Zoom Communications, Inc.", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 84.156, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": 59.033, "architecture_energy": 36.274, "architecture_maturity": 25.697, "architecture_confidence": 72.988, "architecture_tenure": "Developing", "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": 33.75, "rotation_up": 56.97, "upward_expansion": 65.78, "deceleration": 56.11, "rotation_down": 16.17, "downward_expansion": 13.78 }, "activity_lines": [ 19.493334, 18.984364, 19.165572, 18.787097 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 21.120001, "trend_reference": 18.426, "distance_from_trend": 0.146206, "trend_direction": "Improving", "fair_value": 16.327115, "distance_from_fair_value": 0.293554, "fair_value_direction": "Weakening", "relative_strength": 10.939952, "relative_strength_direction": "Improving", "price_momentum": 0.11275, "excess_performance": 0.169799, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.146206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008134, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.293554, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.053682, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.1094, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.092903, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.11275, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.975405, "read": "Demand-led" } ], "volume": { "latest": 6790, "relative_activity": 0.693987, "balance": 1.975405, "dry_up": 0.906884, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.061553, "annualized_volatility": 0.486216, "from_high_reference": -0.027176, "from_low_reference": 0.410822 }, "levels": { "trend_reference": 18.426, "fair_value_reference": 16.327115, "structural_low": 14.97, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.0, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.028785, "regime_survival": 0.666667, "best_return": 0.009444, "worst_return": -0.10343, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.098111, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.198497, "regime_survival": 0.0, "best_return": -0.098111, "worst_return": -0.098111, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.121721, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.212184, "regime_survival": 0.0, "best_return": -0.121721, "worst_return": -0.121721, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.051417, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.512122, "regime_survival": 0.0, "best_return": -0.051417, "worst_return": -0.051417, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-03-14", "tenure": "Developing", "return": -0.10808, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": -0.003478, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.07809, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.054024, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-09-05", "tenure": "Developing", "return": 0.073286, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": 0.005562, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": 0.010932, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-12", "tenure": "Developing", "return": 0.114187, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-20", "tenure": "Developing", "return": -0.058735, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": 0.030144, "active": false }, { "regime": 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18.688, 19.496, 18.837286, 18.571161 ] }, { "date": "2026-07-03", "close": 18.27, "volume": 1, "typical_volume": 9464.5, "trend": 18.419667, "fair_value": 16.149038, "relative_strength": -5.981378, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.854321, "energy": 22.022972, "activity_lines": [ 18.356, 19.227818, 18.837714, 18.559871 ] }, { "date": "2026-07-10", "close": 18.34, "volume": 2306, "typical_volume": 9544.9, "trend": 18.387, "fair_value": 16.179744, "relative_strength": -7.272153, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.824566, "energy": 21.661813, "activity_lines": [ 18.210667, 18.976909, 18.849476, 18.554731 ] }, { "date": "2026-07-17", "close": 18.5, "volume": 4342, "typical_volume": 8799.25, "trend": 18.339667, "fair_value": 16.211603, "relative_strength": -3.914172, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.422493, "energy": 20.46425, "activity_lines": [ 18.289333, 18.773455, 18.878429, 18.562022 ] }, { "date": "2026-07-24", "close": 17.82, "volume": 6439, "typical_volume": 8705.4, "trend": 18.281, "fair_value": 16.236987, "relative_strength": -7.250565, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.319306, "energy": 20.195059, "activity_lines": [ 18.165333, 18.497636, 18.827191, 18.528495 ] }, { "date": "2026-07-31", "close": 19.5, "volume": 17921, "typical_volume": 9524.2, "trend": 18.330667, "fair_value": 16.274936, "relative_strength": -0.603072, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.487287, "energy": 14.886601, "activity_lines": [ 18.615333, 18.576364, 18.928238, 18.60714 ] }, { "date": "2026-08-07", "close": 21.120001, "volume": 6790, "typical_volume": 9784.05, "trend": 18.426, "fair_value": 16.327115, "relative_strength": 10.939952, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 59.033183, "energy": 36.273666, "activity_lines": [ 19.493334, 18.984364, 19.165572, 18.787097 ] } ], "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." } } }