{
  "ticker": {
    "uuid": "5b302dd0-1f77-4ce8-b5dd-37de05e19d2b",
    "symbol": "IBIU",
    "name": "I.B.I.- Managing & Underwriting 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -68.941,
    "architecture_energy": 66.864,
    "architecture_maturity": 81.743,
    "architecture_confidence": 93.296,
    "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": 1.04,
        "rotation_up": 29.33,
        "upward_expansion": 12.0,
        "deceleration": 60.39,
        "rotation_down": 61.4,
        "downward_expansion": 90.0
      },
      "activity_lines": [
        11.33,
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        672.320277
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -1.0
    },
    "latest_close": 11.0,
    "trend_reference": 934.355432,
    "distance_from_trend": -0.988227,
    "trend_direction": "Weakening",
    "fair_value": 824.811667,
    "distance_from_fair_value": -0.986664,
    "fair_value_direction": "Weakening",
    "relative_strength": -99.021476,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.991343,
    "excess_performance": -1.020244,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.988227,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.292427,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.986664,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.798873,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.990215,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.987099,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.991343,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.939116,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 214241,
      "relative_activity": 1.030578,
      "balance": 0.939116,
      "dry_up": 1.448713,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 17.3191,
      "annualized_volatility": 6.338366,
      "from_high_reference": -0.994314,
      "from_low_reference": 0.052632
    },
    "levels": {
      "trend_reference": 934.355432,
      "fair_value_reference": 824.811667,
      "structural_low": 10.45,
      "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": 25,
        "median_return": -0.01162,
        "positive_rate": 0.4,
        "directional_follow_through": 0.56,
        "median_excess_return": -0.026294,
        "regime_survival": 0.88,
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        "worst_return": -0.293264,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.373193,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.033958,
        "positive_rate": 0.4,
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        "regime_survival": 0.4,
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        "worst_return": -0.48434,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "worst_return": -0.441815,
        "sufficient": false
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "deceleration",
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 309808,
        "typical_volume": 199966.9,
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        "fair_value": 832.907686,
        "relative_strength": -99.065971,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -69.6751,
        "energy": 68.493018,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 11.06,
        "volume": 336595,
        "typical_volume": 211589.3,
        "trend": 977.044458,
        "fair_value": 828.845495,
        "relative_strength": -99.037561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.309533,
        "energy": 67.671853,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.0,
        "volume": 214241,
        "typical_volume": 207884.35,
        "trend": 934.355432,
        "fair_value": 824.811667,
        "relative_strength": -99.021476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.940583,
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        "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."
    }
  }
}