{ "ticker": { "uuid": "34b9288a-c71a-4495-a6fa-bf37a302c202", "symbol": "4100", "name": "Makkah Construction and Development Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 69.67, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -8.229, "architecture_energy": 14.496, "architecture_maturity": 16.251, "architecture_confidence": 83.345, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 56.02, "rotation_up": 16.59, "upward_expansion": 21.89, "deceleration": 72.06, "rotation_down": 50.61, "downward_expansion": 30.22 }, "activity_lines": [ 83.26, 84.671819, 84.63735, 84.365686 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 81.300003, "trend_reference": 84.025834, "distance_from_trend": -0.03244, "trend_direction": "Improving", "fair_value": 82.332259, "distance_from_fair_value": -0.012538, "fair_value_direction": "Improving", "relative_strength": -0.68481, "relative_strength_direction": "Improving", "price_momentum": -0.068729, "excess_performance": -0.036899, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.03244, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.008219, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.012538, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.02664, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006848, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.081904, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.068729, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.054388, "read": "Demand-led" } ], "volume": { "latest": 1183017, "relative_activity": 1.762989, "balance": 1.054388, "dry_up": 1.031823, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.060858, "annualized_volatility": 0.25909, "from_high_reference": -0.140592, "from_low_reference": 0.196468 }, "levels": { "trend_reference": 84.025834, "fair_value_reference": 82.332259, 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"close": 85.300003, "volume": 559478, "typical_volume": 623247.3, "trend": 83.614168, "fair_value": 81.878695, "relative_strength": 5.450822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.161933, "energy": 21.737141, "activity_lines": [ 86.416668, 86.538673, 85.08366, 84.536277 ] }, { "date": "2026-07-24", "close": 85.449997, "volume": 446602, "typical_volume": 617232.65, "trend": 83.825834, "fair_value": 82.051866, "relative_strength": 4.83403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.90832, "energy": 18.559139, "activity_lines": [ 86.016667, 86.428231, 85.189255, 84.654718 ] }, { "date": "2026-07-31", "close": 81.949997, "volume": 580437, "typical_volume": 625008.9, "trend": 83.904168, "fair_value": 82.192352, "relative_strength": 2.518287, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.258056, "energy": 9.715572, "activity_lines": [ 84.589999, 85.552137, 84.941755, 84.533696 ] }, { "date": "2026-08-07", "close": 81.300003, "volume": 1183017, "typical_volume": 671029.3, "trend": 84.025834, "fair_value": 82.332259, "relative_strength": -0.68481, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.22942, "energy": 14.496197, "activity_lines": [ 83.26, 84.671819, 84.63735, 84.365686 ] } ], "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." } } }