{
  "ticker": {
    "uuid": "50d2bf65-3e39-477c-ad0b-9bfa5bef6394",
    "symbol": "MTF-F7",
    "name": "Migdal Mutual Funds Ltd. - MTF SAL (4D) DAX 30",
    "exchange": "TLV",
    "country": "IL",
    "assetType": "etf"
  },
  "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": -54.116,
    "architecture_energy": 63.487,
    "architecture_maturity": 100.0,
    "architecture_confidence": 57.908,
    "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": 21.88,
        "rotation_up": 27.98,
        "upward_expansion": 22.5,
        "deceleration": 67.0,
        "rotation_down": 47.31,
        "downward_expansion": 67.83
      },
      "activity_lines": [
        83.26,
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 85.15,
    "trend_reference": 5431.06,
    "distance_from_trend": -0.984322,
    "trend_direction": "Weakening",
    "fair_value": 7150.710256,
    "distance_from_fair_value": -0.988092,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.898056,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.990009,
    "excess_performance": -1.01891,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.984322,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.341474,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.988092,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.029379,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.988981,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.671526,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.990009,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.338605,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 30581,
      "relative_activity": 0.885323,
      "balance": 1.338605,
      "dry_up": 1.280788,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 7.490022,
      "annualized_volatility": 6.347439,
      "from_high_reference": -0.990663,
      "from_low_reference": 0.099987
    },
    "levels": {
      "trend_reference": 5431.06,
      "fair_value_reference": 7150.710256,
      "structural_low": 77.41,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.014351,
        "positive_rate": 0.391304,
        "directional_follow_through": 0.608696,
        "median_excess_return": -0.030882,
        "regime_survival": 0.913043,
        "best_return": 0.151731,
        "worst_return": -0.989691,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.040292,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.123233,
        "regime_survival": 0.714286,
        "best_return": 0.312301,
        "worst_return": -0.990143,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.110364,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.157606,
        "regime_survival": 0.75,
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        "worst_return": -0.148264,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "regime_survival": 0.5,
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        "worst_return": -0.270725,
        "sufficient": false
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    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-23",
        "end": "2024-03-01",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.011373,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-10-31",
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        "return": -0.015877,
        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 84.59,
        "volume": 78335,
        "typical_volume": 33935.05,
        "trend": 5719.455,
        "fair_value": 7190.356731,
        "relative_strength": -98.934325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.544098,
        "energy": 67.335307,
        "activity_lines": [
          82.146,
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      },
      {
        "date": "2026-08-07",
        "close": 85.15,
        "volume": 30581,
        "typical_volume": 34542.2,
        "trend": 5431.06,
        "fair_value": 7150.710256,
        "relative_strength": -98.898056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.115512,
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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."
    }
  }
}