{ "ticker": { "uuid": "2a54891b-c0c6-449d-abcf-e0d9a600d5de", "symbol": "HRL-F204", "name": "Harel Index Funds Ltd. - Harel Sal (4A) ISE Cyber Security Dollar-Hedged", "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": -53.678, "architecture_energy": 62.428, "architecture_maturity": 97.0, "architecture_confidence": 59.05, "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": 22.23, "rotation_up": 27.98, "upward_expansion": 22.5, "deceleration": 66.88, "rotation_down": 46.48, "downward_expansion": 67.83 }, "activity_lines": [ 7.685933, 7.544709, 138.33747, 247.184255 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.014, "trend_reference": 370.227033, "distance_from_trend": -0.978354, "trend_direction": "Weakening", "fair_value": 495.852634, "distance_from_fair_value": -0.983838, "fair_value_direction": "Weakening", "relative_strength": -98.489491, "relative_strength_direction": "Weakening", "price_momentum": -0.984645, "excess_performance": -1.013545, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.978354, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.344678, "read": "Falling" 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"direction": -65.908874, "energy": 67.878908, "activity_lines": [ 7.5544, 42.494617, 230.910065, 324.746287 ] }, { "date": "2026-07-24", "close": 7.286, "volume": 352980, "typical_volume": 140353.45, "trend": 408.228899, "fair_value": 501.356198, "relative_strength": -98.729309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.86198, "energy": 67.553177, "activity_lines": [ 7.5212, 19.185145, 197.310727, 297.638758 ] }, { "date": "2026-07-31", "close": 7.53, "volume": 132152, "typical_volume": 143281.5, "trend": 389.3599, "fair_value": 498.605109, "relative_strength": -98.615331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.244144, "energy": 63.45797, "activity_lines": [ 7.5444, 7.420291, 166.443742, 271.787216 ] }, { "date": "2026-08-07", "close": 8.014, "volume": 118474, "typical_volume": 136195.05, "trend": 370.227033, "fair_value": 495.852634, "relative_strength": -98.489491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.678219, "energy": 62.427907, "activity_lines": [ 7.685933, 7.544709, 138.33747, 247.184255 ] } ], "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." } } }