{
  "ticker": {
    "uuid": "03ff0181-a2b9-4205-a0ab-dbf5239a8f38",
    "symbol": "4031",
    "name": "Saudi Ground Services Company",
    "exchange": "SAU",
    "country": "SA",
    "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": "^TASI.SR",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -87.408,
    "architecture_energy": 94.646,
    "architecture_maturity": 100.0,
    "architecture_confidence": 78.298,
    "architecture_tenure": "Extended",
    "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": 0.69,
        "rotation_up": 8.16,
        "upward_expansion": 21.99,
        "deceleration": 37.0,
        "rotation_down": 88.08,
        "downward_expansion": 99.99
      },
      "activity_lines": [
        27.144,
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        29.928667,
        30.691957
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 25.92,
    "trend_reference": 31.922,
    "distance_from_trend": -0.188021,
    "trend_direction": "Weakening",
    "fair_value": 41.323131,
    "distance_from_fair_value": -0.372748,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.522442,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.274356,
    "excess_performance": -0.242527,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.188021,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.092644,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.372748,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.162467,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.275224,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.079776,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.274356,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.566581,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3035441,
      "relative_activity": 1.280253,
      "balance": 0.566581,
      "dry_up": 0.849185,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.05609,
      "annualized_volatility": 0.213624,
      "from_high_reference": -0.456376,
      "from_low_reference": 0.028571
    },
    "levels": {
      "trend_reference": 31.922,
      "fair_value_reference": 41.323131,
      "structural_low": 25.200001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.012697,
        "positive_rate": 0.322581,
        "directional_follow_through": 0.677419,
        "median_excess_return": -0.012307,
        "regime_survival": 0.903226,
        "best_return": 0.206009,
        "worst_return": -0.150883,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.047378,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.023574,
        "regime_survival": 0.7,
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        "worst_return": -0.206896,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.126587,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.079602,
        "regime_survival": 0.666667,
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        "worst_return": -0.19798,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.297764,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.238483,
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        "best_return": 0.533212,
        "worst_return": -0.299818,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-10-20",
        "end": "2023-11-17",
        "tenure": "Developing",
        "return": 0.092593,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-24",
        "end": "2023-12-01",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-10-04",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "deceleration",
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      },
      {
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      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2305406.4,
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        "fair_value": 41.433036,
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      },
      {
        "date": "2026-07-24",
        "close": 27.799999,
        "volume": 2006346,
        "typical_volume": 2269386.6,
        "trend": 32.577334,
        "fair_value": 41.393135,
        "relative_strength": -23.614534,
        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -83.367087,
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          28.990666,
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      },
      {
        "date": "2026-07-31",
        "close": 27.02,
        "volume": 1327661,
        "typical_volume": 2242640.7,
        "trend": 32.260667,
        "fair_value": 41.356078,
        "relative_strength": -23.478895,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.778265,
        "energy": 91.259465,
        "activity_lines": [
          28.106666,
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      },
      {
        "date": "2026-08-07",
        "close": 25.92,
        "volume": 3035441,
        "typical_volume": 2370969.15,
        "trend": 31.922,
        "fair_value": 41.323131,
        "relative_strength": -27.522442,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.408144,
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          27.144,
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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."
    }
  }
}