{
  "ticker": {
    "uuid": "3d5da3e2-bcfb-44b8-abf6-e7ecb1c0e808",
    "symbol": "MDWD",
    "name": "Mediwound 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.764,
    "architecture_energy": 41.742,
    "architecture_maturity": 56.788,
    "architecture_confidence": 94.893,
    "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": 11.05,
        "rotation_up": 23.06,
        "upward_expansion": 5.69,
        "deceleration": 50.15,
        "rotation_down": 51.1,
        "downward_expansion": 79.03
      },
      "activity_lines": [
        14.308667,
        14.449636,
        14.939524,
        15.434903
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 14.39,
    "trend_reference": 16.072667,
    "distance_from_trend": -0.104691,
    "trend_direction": "Weakening",
    "fair_value": 16.028718,
    "distance_from_fair_value": -0.102236,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.86873,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.191119,
    "excess_performance": -0.378572,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.104691,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.072285,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.102236,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.163646,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.258687,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011917,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.191119,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.695316,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 284962,
      "relative_activity": 0.668122,
      "balance": 0.695316,
      "dry_up": 0.798197,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.074984,
      "annualized_volatility": 0.366846,
      "from_high_reference": -0.291133,
      "from_low_reference": 0.062777
    },
    "levels": {
      "trend_reference": 16.072667,
      "fair_value_reference": 16.028718,
      "structural_low": 13.54,
      "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": 30,
        "median_return": 0.025905,
        "positive_rate": 0.566667,
        "directional_follow_through": 0.433333,
        "median_excess_return": -0.012894,
        "regime_survival": 0.866667,
        "best_return": 0.301471,
        "worst_return": -0.333333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.107177,
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        "median_excess_return": -0.091288,
        "regime_survival": 0.7,
        "best_return": 0.359331,
        "worst_return": -0.335714,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.090909,
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        "median_excess_return": -0.082024,
        "regime_survival": 0.4,
        "best_return": 0.109957,
        "worst_return": -0.34375,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.5,
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        "best_return": 1.023543,
        "worst_return": -0.403409,
        "sufficient": false
      }
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        "regime": "deceleration",
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        "regime": "rotation_up",
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      {
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        "end": "2025-04-25",
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        "energy": 18.361734,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 468812.3,
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -32.204652,
        "stage": 4,
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        "energy": 73.697984,
        "activity_lines": [
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "energy": 65.701429,
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      },
      {
        "date": "2026-07-03",
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        "volume": 244847,
        "typical_volume": 431568.1,
        "trend": 16.809,
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        "relative_strength": -24.700779,
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        "energy": 44.939776,
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      },
      {
        "date": "2026-07-10",
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        "volume": 441134,
        "typical_volume": 437502.35,
        "trend": 16.650333,
        "fair_value": 15.899963,
        "relative_strength": -29.489358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.320197,
        "energy": 44.526032,
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          14.690667,
          14.785636,
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          15.976065
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      },
      {
        "date": "2026-07-17",
        "close": 14.61,
        "volume": 409176,
        "typical_volume": 433593.85,
        "trend": 16.511667,
        "fair_value": 15.930156,
        "relative_strength": -23.966088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.704223,
        "energy": 37.119475,
        "activity_lines": [
          14.687333,
          14.693455,
          15.361095,
          15.84443
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.23,
        "volume": 349604,
        "typical_volume": 430008.9,
        "trend": 16.359667,
        "fair_value": 15.960897,
        "relative_strength": -23.936124,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.416944,
        "energy": 42.94947,
        "activity_lines": [
          14.531333,
          14.567818,
          15.20619,
          15.697226
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.12,
        "volume": 318021,
        "typical_volume": 428419.35,
        "trend": 16.216333,
        "fair_value": 15.993654,
        "relative_strength": -24.24098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.909281,
        "energy": 47.122409,
        "activity_lines": [
          14.339333,
          14.461818,
          15.054143,
          15.552731
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.39,
        "volume": 284962,
        "typical_volume": 426511.95,
        "trend": 16.072667,
        "fair_value": 16.028718,
        "relative_strength": -25.86873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.764141,
        "energy": 41.74209,
        "activity_lines": [
          14.308667,
          14.449636,
          14.939524,
          15.434903
        ]
      }
    ],
    "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."
    }
  }
}