{
  "ticker": {
    "uuid": "1c8a2da4-5ecd-43ac-901f-520d80ff8a4b",
    "symbol": "1050",
    "name": "Banque Saudi Fransi",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": 61.192,
    "architecture_energy": 54.581,
    "architecture_maturity": 29.025,
    "architecture_confidence": 89.478,
    "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": 29.72,
        "rotation_up": 61.2,
        "upward_expansion": 81.78,
        "deceleration": 49.47,
        "rotation_down": 17.02,
        "downward_expansion": 15.44
      },
      "activity_lines": [
        19.768098,
        19.498136,
        19.339576,
        19.236069
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 20.15,
    "trend_reference": 18.959042,
    "distance_from_trend": 0.062817,
    "trend_direction": "Improving",
    "fair_value": 16.353056,
    "distance_from_fair_value": 0.232186,
    "fair_value_direction": "Improving",
    "relative_strength": 13.567323,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.149953,
    "excess_performance": 0.181783,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.062817,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054238,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232186,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060761,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.135673,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.045139,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.149953,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.478127,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7273303,
      "relative_activity": 0.824854,
      "balance": 1.478127,
      "dry_up": 0.867032,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.041962,
      "annualized_volatility": 0.197274,
      "from_high_reference": -0.017073,
      "from_low_reference": 0.336292
    },
    "levels": {
      "trend_reference": 18.959042,
      "fair_value_reference": 16.353056,
      "structural_low": 17.337488,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.00622,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.019818,
        "regime_survival": 0.5,
        "best_return": 0.097973,
        "worst_return": -0.061808,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.092958,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.055788,
        "regime_survival": 0.0,
        "best_return": 0.20045,
        "worst_return": -0.009151,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.014403,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.003881,
        "regime_survival": 0.5,
        "best_return": 0.184531,
        "worst_return": -0.124326,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.081368,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.063214,
        "regime_survival": 0.0,
        "best_return": -0.055622,
        "worst_return": -0.107114,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.086346,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": 0.009975,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-22",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.004316,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-09-19",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": 0.009501,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "active": true
      }
    ],
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      },
      {
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        "typical_volume": 9527443.45,
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        "fair_value": 16.311604,
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        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 16.165765,
        "energy": 7.39677,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 19.93,
        "volume": 6434694,
        "typical_volume": 8988931.6,
        "trend": 18.733921,
        "fair_value": 16.324488,
        "relative_strength": 13.65202,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 57.922253,
        "energy": 24.373059,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 19.76,
        "volume": 9405615,
        "typical_volume": 8652690.6,
        "trend": 18.839332,
        "fair_value": 16.336412,
        "relative_strength": 14.48425,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 54.407983,
        "energy": 36.183487,
        "activity_lines": [
          19.470845,
          19.330703,
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      },
      {
        "date": "2026-08-07",
        "close": 20.15,
        "volume": 7273303,
        "typical_volume": 8817681.25,
        "trend": 18.959042,
        "fair_value": 16.353056,
        "relative_strength": 13.567323,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 61.192173,
        "energy": 54.581466,
        "activity_lines": [
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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."
    }
  }
}