{
  "ticker": {
    "uuid": "2ff6baaf-86c8-4423-9e79-f58f8b2532f7",
    "symbol": "ELMR",
    "name": "El-Mor Electric Installation & Services (1986) 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": -64.72,
    "architecture_energy": 64.842,
    "architecture_maturity": 72.455,
    "architecture_confidence": 90.696,
    "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": 11.21,
        "rotation_up": 29.32,
        "upward_expansion": 12.0,
        "deceleration": 59.13,
        "rotation_down": 51.96,
        "downward_expansion": 83.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 26.91,
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    "distance_from_trend": -0.983403,
    "trend_direction": "Weakening",
    "fair_value": 1352.430368,
    "distance_from_fair_value": -0.980102,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.509212,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.986683,
    "excess_performance": -1.015584,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.983403,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.277559,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.980102,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -2.027811,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.985092,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -1.143946,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.986683,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.446852,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 1.446852,
      "dry_up": 0.653998,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 12.971014,
      "annualized_volatility": 6.410226,
      "from_high_reference": -0.991577,
      "from_low_reference": 0.018547
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    "levels": {
      "trend_reference": 1621.350613,
      "fair_value_reference": 1352.430368,
      "structural_low": 26.42,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
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        "positive_rate": 0.5625,
        "directional_follow_through": 0.4375,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 236902.85,
        "trend": 1761.694989,
        "fair_value": 1363.838814,
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      },
      {
        "date": "2026-07-31",
        "close": 29.32,
        "volume": 260855,
        "typical_volume": 249043.1,
        "trend": 1692.679516,
        "fair_value": 1358.295054,
        "relative_strength": -98.404897,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 65.675743,
        "activity_lines": [
          29.080667,
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      },
      {
        "date": "2026-08-07",
        "close": 26.91,
        "volume": 143705,
        "typical_volume": 246665.55,
        "trend": 1621.350613,
        "fair_value": 1352.430368,
        "relative_strength": -98.509212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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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."
    }
  }
}