{ "ticker": { "uuid": "1e391a91-383e-4ad7-a1cb-b48179be502d", "symbol": "TCH-F21", "name": "Meitav Tachlit Mutual Funds Ltd. - Tachlit SAL (40) SME60", "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": -65.498, "architecture_energy": 66.71, "architecture_maturity": 93.0, "architecture_confidence": 94.032, "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": 11.9, "rotation_up": 29.99, "upward_expansion": 12.0, "deceleration": 60.97, "rotation_down": 52.76, "downward_expansion": 83.0 }, "activity_lines": [ 11.242, 11.393636, 264.880238, 482.656022 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 10.91, "trend_reference": 728.420667, "distance_from_trend": -0.985022, "trend_direction": "Weakening", "fair_value": 710.716154, "distance_from_fair_value": -0.984649, "fair_value_direction": "Weakening", "relative_strength": -98.835669, "relative_strength_direction": "Weakening", "price_momentum": -0.990018, "excess_performance": -1.018919, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.985022, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.315855, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.984649, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.744889, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988357, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.983691, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.990018, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.293774, "read": "Supply-led" } ], "volume": { "latest": 357334, "relative_activity": 1.314639, "balance": 0.293774, "dry_up": 1.276939, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 9.163999, "annualized_volatility": 6.326145, "from_high_reference": -0.991608, "from_low_reference": 0.001837 }, "levels": { "trend_reference": 728.420667, "fair_value_reference": 710.716154, "structural_low": 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"relative_strength": -98.852132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.246668, "energy": 68.356254, "activity_lines": [ 11.492667, 74.972364, 447.01181, 635.278452 ] }, { "date": "2026-07-24", "close": 11.52, "volume": 182559, "typical_volume": 314009.15, "trend": 800.180667, "fair_value": 717.241795, "relative_strength": -98.853766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.771217, "energy": 67.544229, "activity_lines": [ 11.498667, 32.614182, 380.91419, 582.228344 ] }, { "date": "2026-07-31", "close": 11.29, "volume": 239218, "typical_volume": 275879.05, "trend": 765.390333, "fair_value": 714.051987, "relative_strength": -98.819885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.628607, "energy": 67.128582, "activity_lines": [ 11.436, 11.532, 320.311238, 531.332172 ] }, { "date": "2026-08-07", "close": 10.91, "volume": 357334, "typical_volume": 271811.45, "trend": 728.420667, "fair_value": 710.716154, "relative_strength": -98.835669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.498439, "energy": 66.710276, "activity_lines": [ 11.242, 11.393636, 264.880238, 482.656022 ] } ], "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." } } }