{
  "ticker": {
    "uuid": "2ec22b7d-6329-48c2-91bc-16b7f4112973",
    "symbol": "ARAN",
    "name": "Aran Research & Development (1982) 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.114,
    "architecture_energy": 63.143,
    "architecture_maturity": 68.746,
    "architecture_confidence": 67.182,
    "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": 17.85,
        "rotation_up": 27.85,
        "upward_expansion": 22.5,
        "deceleration": 61.72,
        "rotation_down": 49.79,
        "downward_expansion": 70.17
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
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    "latest_close": 45.72,
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    "distance_from_trend": -0.983058,
    "trend_direction": "Weakening",
    "fair_value": 2320.542032,
    "distance_from_fair_value": -0.980298,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.559411,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.987565,
    "excess_performance": -1.016465,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.983058,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.291973,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.980298,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.805674,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.985594,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -1.037718,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.987565,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.145283,
        "read": "Demand-led"
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    "volume": {
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      "balance": 2.145283,
      "dry_up": 0.867243,
      "accumulation_observations": 3,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 6.388694,
      "from_high_reference": -0.990293,
      "from_low_reference": 0.141858
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    "levels": {
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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      {
        "date": "2026-04-03",
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        "date": "2026-04-10",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-17",
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        "volume": 5346,
        "typical_volume": 16769.15,
        "trend": 3082.216672,
        "fair_value": 2361.718327,
        "relative_strength": -98.711639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -68.57014,
        "energy": 88.356342,
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          42.412667,
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          2437.880851
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      },
      {
        "date": "2026-07-24",
        "close": 45.56,
        "volume": 22681,
        "typical_volume": 17637.25,
        "trend": 2951.08494,
        "fair_value": 2348.159165,
        "relative_strength": -98.648857,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.0763,
        "energy": 67.946422,
        "activity_lines": [
          43.420667,
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          1578.921756,
          2241.967517
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      },
      {
        "date": "2026-07-31",
        "close": 45.47,
        "volume": 2681,
        "typical_volume": 15982.15,
        "trend": 2826.6134,
        "fair_value": 2334.176978,
        "relative_strength": -98.58989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.522301,
        "energy": 66.943569,
        "activity_lines": [
          44.322667,
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          1348.585952,
          2054.508489
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      },
      {
        "date": "2026-08-07",
        "close": 45.72,
        "volume": 13567,
        "typical_volume": 12763.15,
        "trend": 2698.684796,
        "fair_value": 2320.542032,
        "relative_strength": -98.559411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.113829,
        "energy": 63.143351,
        "activity_lines": [
          45.01,
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          1137.193286,
          1875.096012
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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."
    }
  }
}