{ "ticker": { "uuid": "0870e61c-310e-4285-b2a1-bfd22059e18a", "symbol": "TCH-F63", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4D) ISE Cyber Security", "exchange": "TLV", "country": "IL", "assetType": "etf" }, "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": "TA35.TA", "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": -53.726, "architecture_energy": 62.544, "architecture_maturity": 97.0, "architecture_confidence": 55.606, "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": 22.21, "rotation_up": 27.98, "upward_expansion": 22.5, "deceleration": 66.98, "rotation_down": 46.57, "downward_expansion": 67.83 }, "activity_lines": [ 30.426667, 29.745273, 532.656143, 968.343204 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 31.76, "trend_reference": 1468.882667, "distance_from_trend": -0.978378, "trend_direction": "Weakening", "fair_value": 2209.759487, "distance_from_fair_value": -0.985627, "fair_value_direction": "Weakening", "relative_strength": -98.555992, "relative_strength_direction": "Weakening", "price_momentum": -0.985131, "excess_performance": -1.014031, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.978378, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.356973, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.985627, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.019474, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.98556, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.712186, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.985131, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.600011, "read": "Demand-led" } ], "volume": { "latest": 47928, "relative_activity": 1.941037, "balance": 3.600011, "dry_up": 1.421556, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 6.400165, "annualized_volatility": 6.378433, "from_high_reference": -0.988096, "from_low_reference": 0.239657 }, "levels": { "trend_reference": 1468.882667, "fair_value_reference": 2209.759487, 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"activity_lines": [ 29.887333, 162.713636, 894.400238, 1277.360968 ] }, { "date": "2026-07-24", "close": 29.18, "volume": 44987, "typical_volume": 23567.8, "trend": 1626.212, "fair_value": 2234.681795, "relative_strength": -98.776304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.566033, "energy": 67.20436, "activity_lines": [ 29.94, 74.106727, 762.907, 1169.174344 ] }, { "date": "2026-07-31", "close": 29.36, "volume": 27478, "typical_volume": 23753.0, "trend": 1547.790667, "fair_value": 2222.293077, "relative_strength": -98.699832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.987063, "energy": 63.175796, "activity_lines": [ 29.866, 29.147455, 642.191952, 1066.151634 ] }, { "date": "2026-08-07", "close": 31.76, "volume": 47928, "typical_volume": 24691.95, "trend": 1468.882667, "fair_value": 2209.759487, "relative_strength": -98.555992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.726423, "energy": 62.544438, "activity_lines": [ 30.426667, 29.745273, 532.656143, 968.343204 ] } ], "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." } } }