{
  "ticker": {
    "uuid": "54686f34-340d-48f0-afb9-d7d04e241a41",
    "symbol": "ISI",
    "name": "Imagesat International (I.S.I) 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": -53.994,
    "architecture_energy": 73.93,
    "architecture_maturity": 65.0,
    "architecture_confidence": 89.753,
    "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": 20.89,
        "rotation_up": 27.99,
        "upward_expansion": 27.87,
        "deceleration": 47.23,
        "rotation_down": 47.07,
        "downward_expansion": 73.2
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 12.42,
    "trend_reference": 948.108333,
    "distance_from_trend": -0.9869,
    "trend_direction": "Weakening",
    "fair_value": 1189.152885,
    "distance_from_fair_value": -0.989556,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.998741,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.991972,
    "excess_performance": -1.020872,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.9869,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.296011,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.989556,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.837636,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.989987,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.612337,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.991972,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.9889,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 265437,
      "relative_activity": 2.135961,
      "balance": 1.9889,
      "dry_up": 1.258999,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 9.112164,
      "annualized_volatility": 6.361415,
      "from_high_reference": -0.993718,
      "from_low_reference": 0.215264
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    "levels": {
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      "fair_value_reference": 1189.152885,
      "structural_low": 10.22,
      "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": 13,
        "median_return": 0.022589,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.307692,
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        "worst_return": -0.169088,
        "sufficient": true
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      {
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        "worst_return": -0.109428,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.195299,
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        "date": "2026-04-03",
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        "date": "2026-04-10",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 141950.85,
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        "fair_value": 1210.418975,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -65.891826,
        "energy": 87.694879,
        "activity_lines": [
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          528.940476,
          793.770108
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      },
      {
        "date": "2026-07-24",
        "close": 12.3,
        "volume": 102044,
        "typical_volume": 117304.25,
        "trend": 1047.935333,
        "fair_value": 1202.645257,
        "relative_strength": -99.077287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.465938,
        "energy": 82.963026,
        "activity_lines": [
          12.047333,
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          447.822571,
          724.531914
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      },
      {
        "date": "2026-07-31",
        "close": 11.77,
        "volume": 97914,
        "typical_volume": 116584.4,
        "trend": 1001.994333,
        "fair_value": 1195.989936,
        "relative_strength": -99.070655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.44819,
        "energy": 78.815675,
        "activity_lines": [
          12.034667,
          31.414182,
          374.848,
          657.682538
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      },
      {
        "date": "2026-08-07",
        "close": 12.42,
        "volume": 265437,
        "typical_volume": 124270.55,
        "trend": 948.108333,
        "fair_value": 1189.152885,
        "relative_strength": -98.998741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.994154,
        "energy": 73.930467,
        "activity_lines": [
          12.174667,
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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."
    }
  }
}