{
  "ticker": {
    "uuid": "3c5da54f-f905-4278-9d3f-67d0204d3888",
    "symbol": "3050",
    "name": "Southern Province Cement 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": 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": -72.848,
    "architecture_energy": 67.906,
    "architecture_maturity": 50.675,
    "architecture_confidence": 93.619,
    "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": 4.2,
        "rotation_up": 26.26,
        "upward_expansion": 12.0,
        "deceleration": 50.76,
        "rotation_down": 62.48,
        "downward_expansion": 87.67
      },
      "activity_lines": [
        18.875333,
        19.077684,
        19.570799,
        20.163507
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 18.77,
    "trend_reference": 20.901109,
    "distance_from_trend": -0.101962,
    "trend_direction": "Weakening",
    "fair_value": 30.572122,
    "distance_from_fair_value": -0.386042,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.768526,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.133025,
    "excess_performance": -0.101196,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.101962,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.048661,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.386042,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01873,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.147685,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001432,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.133025,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.817717,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 242259,
      "relative_activity": 0.643203,
      "balance": 0.817717,
      "dry_up": 0.614324,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.024786,
      "annualized_volatility": 0.174171,
      "from_high_reference": -0.322046,
      "from_low_reference": 0.019555
    },
    "levels": {
      "trend_reference": 20.901109,
      "fair_value_reference": 30.572122,
      "structural_low": 18.41,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 58,
        "median_return": -0.016976,
        "positive_rate": 0.344828,
        "directional_follow_through": 0.655172,
        "median_excess_return": -0.016791,
        "regime_survival": 0.948276,
        "best_return": 0.091641,
        "worst_return": -0.137109,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 18,
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        "positive_rate": 0.222222,
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        "median_excess_return": -0.05313,
        "regime_survival": 0.944444,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
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        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
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        "regime_survival": 0.888889,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.245251,
        "sufficient": false
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        "end": "2021-08-06",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2021-08-13",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": 0.007583,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
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        "active": false
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        "end": "2025-01-31",
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        "active": false
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      },
      {
        "date": "2026-07-24",
        "close": 19.110001,
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        "typical_volume": 376982.6,
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        "fair_value": 30.931367,
        "relative_strength": -13.964409,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.986746,
        "energy": 85.878998,
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          19.16,
          19.36738,
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          20.471564
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      },
      {
        "date": "2026-07-31",
        "close": 18.58,
        "volume": 259903,
        "typical_volume": 377912.15,
        "trend": 20.998109,
        "fair_value": 30.751136,
        "relative_strength": -14.171688,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.282385,
        "energy": 83.666876,
        "activity_lines": [
          18.96,
          19.192423,
          19.730434,
          20.307256
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      },
      {
        "date": "2026-08-07",
        "close": 18.77,
        "volume": 242259,
        "typical_volume": 376644.95,
        "trend": 20.901109,
        "fair_value": 30.572122,
        "relative_strength": -14.768526,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.848242,
        "energy": 67.906214,
        "activity_lines": [
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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."
    }
  }
}