{
  "ticker": {
    "uuid": "302271a5-8c0c-4907-b671-1010092470fa",
    "symbol": "RDHL",
    "name": "Redhill Biopharma Ltd",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "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": -72.395,
    "architecture_energy": 74.25,
    "architecture_maturity": 34.0,
    "architecture_confidence": 84.219,
    "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": 9.19,
        "rotation_up": 10.61,
        "upward_expansion": 16.03,
        "deceleration": 38.2,
        "rotation_down": 78.34,
        "downward_expansion": 94.03
      },
      "activity_lines": [
        0.641993,
        0.704331,
        0.804111,
        0.842892
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 0.605,
    "trend_reference": 0.919045,
    "distance_from_trend": -0.341708,
    "trend_direction": "Weakening",
    "fair_value": 7.299505,
    "distance_from_fair_value": -0.917118,
    "fair_value_direction": "Weakening",
    "relative_strength": -52.88557,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.434579,
    "excess_performance": -0.622033,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.341708,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.123145,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.917118,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.012851,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.528856,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.142789,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.434579,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.485958,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 175703,
      "relative_activity": 0.23668,
      "balance": 0.485958,
      "dry_up": 0.415382,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.230044,
      "annualized_volatility": 0.654083,
      "from_high_reference": -0.783154,
      "from_low_reference": 0.043283
    },
    "levels": {
      "trend_reference": 0.919045,
      "fair_value_reference": 7.299505,
      "structural_low": 0.5799,
      "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": 55,
        "median_return": -0.099585,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.10082,
        "regime_survival": 0.909091,
        "best_return": 3.473188,
        "worst_return": -0.584389,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 18,
        "median_return": -0.368385,
        "positive_rate": 0.111111,
        "directional_follow_through": 0.888889,
        "median_excess_return": -0.367901,
        "regime_survival": 0.833333,
        "best_return": 2.53069,
        "worst_return": -0.700366,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
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        "positive_rate": 0.111111,
        "directional_follow_through": 0.888889,
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        "regime_survival": 0.666667,
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        "worst_return": -0.832755,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 5,
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        "regime_survival": 1.0,
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        "sufficient": true
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        "end": "2022-11-04",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2022-11-11",
        "tenure": "New",
        "return": 0.0,
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        "regime": "rotation_up",
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      {
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      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "stage": 4,
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        "energy": 64.202619,
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          0.754173,
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          0.873639,
          0.90596
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      },
      {
        "date": "2026-07-24",
        "close": 0.6333,
        "volume": 153196,
        "typical_volume": 729653.55,
        "trend": 0.953878,
        "fair_value": 7.592742,
        "relative_strength": -49.21548,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.669288,
        "energy": 75.691793,
        "activity_lines": [
          0.704967,
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          0.849572,
          0.884188
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      },
      {
        "date": "2026-07-31",
        "close": 0.65,
        "volume": 324270,
        "typical_volume": 736765.2,
        "trend": 0.941212,
        "fair_value": 7.428639,
        "relative_strength": -47.479677,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.408972,
        "energy": 73.80091,
        "activity_lines": [
          0.67336,
          0.740293,
          0.82846,
          0.864583
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.605,
        "volume": 175703,
        "typical_volume": 742364.4,
        "trend": 0.919045,
        "fair_value": 7.299505,
        "relative_strength": -52.88557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.394887,
        "energy": 74.249827,
        "activity_lines": [
          0.641993,
          0.704331,
          0.804111,
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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."
    }
  }
}