{ "ticker": { "uuid": "3647b811-1aa0-476a-987a-cea87bfde76b", "symbol": "FORTY", "name": "Formula Systems (1985) 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.566, "architecture_energy": 67.018, "architecture_maturity": 100.0, "architecture_confidence": 92.646, "architecture_tenure": "Established", "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": 11.04, "rotation_up": 29.94, "upward_expansion": 12.0, "deceleration": 60.24, "rotation_down": 53.05, "downward_expansion": 83.0 }, "activity_lines": [ 326.253333, 327.930909, 10798.939661, 18290.362115 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 324.1, "trend_reference": 27647.571094, "distance_from_trend": -0.988277, "trend_direction": "Weakening", "fair_value": 32285.491474, "distance_from_fair_value": -0.989961, "fair_value_direction": "Weakening", "relative_strength": -99.221372, "relative_strength_direction": "Weakening", "price_momentum": -0.992089, "excess_performance": -1.020989, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.988277, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.386518, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.989961, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.270165, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.992214, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.732033, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.992089, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.768934, "read": "Supply-led" } ], "volume": { "latest": 184407, "relative_activity": 1.698011, "balance": 0.768934, "dry_up": 0.999942, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 12.044411, "annualized_volatility": 6.357031, "from_high_reference": -0.994434, "from_low_reference": 0.084309 }, "levels": { "trend_reference": 27647.571094, "fair_value_reference": 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"activity_lines": [ 328.52, 998.610909, 12877.516399, 20166.842747 ] }, { "date": "2026-08-07", "close": 324.1, "volume": 184407, "typical_volume": 108601.75, "trend": 27647.571094, "fair_value": 32285.491474, "relative_strength": -99.221372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.565555, "energy": 67.017649, "activity_lines": [ 326.253333, 327.930909, 10798.939661, 18290.362115 ] } ], "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." } } }