{
  "ticker": {
    "uuid": "4a788537-a6bd-414c-af9d-a82a5c79906e",
    "symbol": "7020",
    "name": "Etihad Etisalat 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 74.003,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.666,
    "architecture_energy": 36.519,
    "architecture_maturity": 38.964,
    "architecture_confidence": 82.286,
    "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": 16.67,
        "rotation_up": 24.88,
        "upward_expansion": 4.84,
        "deceleration": 58.46,
        "rotation_down": 46.32,
        "downward_expansion": 78.18
      },
      "activity_lines": [
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        63.203474
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 61.299999,
    "trend_reference": 64.388408,
    "distance_from_trend": -0.047965,
    "trend_direction": "Weakening",
    "fair_value": 53.861978,
    "distance_from_fair_value": 0.138094,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.945141,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.079116,
    "excess_performance": -0.047287,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.047965,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011255,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.138094,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.091754,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.029451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050257,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.079116,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.713695,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5117107,
      "relative_activity": 1.284443,
      "balance": 0.713695,
      "dry_up": 0.996733,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.037218,
      "annualized_volatility": 0.13001,
      "from_high_reference": -0.122845,
      "from_low_reference": 0.057549
    },
    "levels": {
      "trend_reference": 64.388408,
      "fair_value_reference": 53.861978,
      "structural_low": 57.964199,
      "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": 8,
        "median_return": 0.02961,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.061305,
        "regime_survival": 0.75,
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        "worst_return": -0.060811,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.015625,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
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        "worst_return": 0.193182,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.272188,
        "sufficient": false
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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      {
        "regime": "rotation_down",
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      },
      {
        "regime": "balance",
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      {
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      },
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        "date": "2026-04-24",
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        "date": "2026-05-01",
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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": "2026-06-05",
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      },
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      },
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -3.937961,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 53.390887,
        "relative_strength": -2.952636,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -67.793602,
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      },
      {
        "date": "2026-07-17",
        "close": 59.968021,
        "volume": 2830187,
        "typical_volume": 3909888.45,
        "trend": 64.63605,
        "fair_value": 53.503428,
        "relative_strength": -3.753586,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.485568,
        "energy": 73.23242,
        "activity_lines": [
          60.648289,
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          62.961796,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 62.460583,
        "volume": 4106237,
        "typical_volume": 3813792.35,
        "trend": 64.578897,
        "fair_value": 53.627932,
        "relative_strength": -0.600636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.804746,
        "energy": 48.287192,
        "activity_lines": [
          61.140916,
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          62.812501,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 60.75,
        "volume": 3830055,
        "typical_volume": 3822528.5,
        "trend": 64.448458,
        "fair_value": 53.739751,
        "relative_strength": -1.507555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.946678,
        "energy": 43.523848,
        "activity_lines": [
          61.069309,
          61.315639,
          62.510482,
          63.4066
        ]
      },
      {
        "date": "2026-08-07",
        "close": 61.299999,
        "volume": 5117107,
        "typical_volume": 3983912.45,
        "trend": 64.388408,
        "fair_value": 53.861978,
        "relative_strength": -2.945141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.666261,
        "energy": 36.519113,
        "activity_lines": [
          61.177702,
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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."
    }
  }
}