{ "ticker": { "uuid": "2d387bbd-aa2b-4efb-a22f-b23938881aa9", "symbol": "TCH-F76", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4D) S&P 500", "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": -52.786, "architecture_energy": 63.03, "architecture_maturity": 95.0, "architecture_confidence": 57.859, "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": 25.75, "rotation_up": 27.97, "upward_expansion": 22.5, "deceleration": 67.0, "rotation_down": 44.34, "downward_expansion": 65.5 }, "activity_lines": [ 269.573333, 266.707273, 6760.837619, 11395.791183 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 273.1, "trend_reference": 16725.023333, "distance_from_trend": -0.983671, "trend_direction": "Weakening", "fair_value": 22308.017308, "distance_from_fair_value": -0.987758, "fair_value_direction": "Weakening", "relative_strength": -98.828792, "relative_strength_direction": "Weakening", "price_momentum": -0.989154, "excess_performance": -1.018054, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.983671, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.337999, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.987758, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.067408, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988288, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.741296, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989154, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.687117, "read": "Demand-led" } ], "volume": { "latest": 53105, "relative_activity": 0.619925, "balance": 1.687117, "dry_up": 1.028725, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 7.357829, "annualized_volatility": 6.342577, "from_high_reference": -0.989687, "from_low_reference": 0.071401 }, "levels": { "trend_reference": 16725.023333, "fair_value_reference": 22308.017308, "structural_low": 254.9, "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": 14, "median_return": 0.020055, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.017691, "regime_survival": 0.642857, "best_return": 0.052527, "worst_return": -0.047129, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.021569, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.03219, "regime_survival": 0.2, "best_return": 0.066166, "worst_return": -0.09562, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.091944, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.030421, "regime_survival": 0.0, "best_return": 0.119608, "worst_return": -0.03578, "sufficient": false }, { 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"date": "2026-08-07", "close": 273.1, "volume": 53105, "typical_volume": 85663.55, "trend": 16725.023333, "fair_value": 22308.017308, "relative_strength": -98.828792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.786233, "energy": 63.030322, "activity_lines": [ 269.573333, 266.707273, 6760.837619, 11395.791183 ] } ], "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." } } }