{ "ticker": { "uuid": "1390760d-e919-4ad0-8598-d9d3b9a9bc87", "symbol": "CBI", "name": "Clal Biotechnology Industries Ltd.", "exchange": "TLV", "country": "IL", "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": "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": -75.247, "architecture_energy": 66.235, "architecture_maturity": 32.4, "architecture_confidence": 96, "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": 6.67, "rotation_up": 19.35, "upward_expansion": 13.17, "deceleration": 41.01, "rotation_down": 62.25, "downward_expansion": 86.51 }, "activity_lines": [ 0.257333, 0.262309, 0.277957, 0.28648 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 0.245, "trend_reference": 0.296833, "distance_from_trend": -0.174621, "trend_direction": "Weakening", "fair_value": 0.366359, "distance_from_fair_value": -0.331257, "fair_value_direction": "Weakening", "relative_strength": -29.747539, "relative_strength_direction": "Weakening", "price_momentum": -0.224684, "excess_performance": -0.253584, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.174621, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.060852, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.331257, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.206967, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.297475, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.093751, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.224684, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.415316, "read": "Supply-led" } ], "volume": { "latest": 809351, "relative_activity": 2.90289, "balance": 0.415316, "dry_up": 1.148474, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.085086, "annualized_volatility": 0.318666, "from_high_reference": -0.42757, "from_low_reference": 0.012397 }, "levels": { "trend_reference": 0.296833, "fair_value_reference": 0.366359, "structural_low": 0.242, "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": 45, "median_return": -0.006536, "positive_rate": 0.466667, "directional_follow_through": 0.533333, "median_excess_return": -0.028209, "regime_survival": 0.888889, "best_return": 0.199105, "worst_return": -0.215174, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.05753, "positive_rate": 0.071429, "directional_follow_through": 0.857143, "median_excess_return": -0.122789, "regime_survival": 0.714286, "best_return": 0.119678, "worst_return": -0.288288, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.168994, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.247751, "regime_survival": 0.571429, "best_return": 0.053628, "worst_return": -0.203112, "sufficient": true 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-22.893125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.792017, "energy": 46.839528, "activity_lines": [ 0.269733, 0.275109, 0.29241, 0.297826 ] }, { "date": "2026-07-17", "close": 0.262, "volume": 142914, "typical_volume": 268336.9, "trend": 0.3032, "fair_value": 0.371186, "relative_strength": -26.667142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.743494, "energy": 53.92329, "activity_lines": [ 0.266933, 0.270782, 0.288929, 0.295052 ] }, { "date": "2026-07-24", "close": 0.269, "volume": 37300, "typical_volume": 247800.1, "trend": 0.301933, "fair_value": 0.369724, "relative_strength": -26.083054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.860877, "energy": 47.566863, "activity_lines": [ 0.266733, 0.269145, 0.286248, 0.292845 ] }, { "date": "2026-07-31", "close": 0.258, "volume": 291253, "typical_volume": 253049.85, "trend": 0.299733, "fair_value": 0.36816, "relative_strength": -26.555486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.224492, "energy": 47.179049, "activity_lines": [ 0.2638, 0.266527, 0.282648, 0.290011 ] }, { "date": "2026-08-07", "close": 0.245, "volume": 809351, "typical_volume": 278808.7, "trend": 0.296833, "fair_value": 0.366359, "relative_strength": -29.747539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.247163, "energy": 66.234712, "activity_lines": [ 0.257333, 0.262309, 0.277957, 0.28648 ] } ], "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." } } }